Company: MATV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001000623-25-000049
Chunk: 41

Company: Mativ Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 41
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20252024Filtration & Advanced Materials$8.2 $4.5 $3.7 2.1 %1.1 %Sustainable & Adhesive Solutions0.5 18.4 (17.9)0.1 %3.0 %Unallocated expenses1.4 3.3 (1.9)Total$10.1 $26.2 $(16.1)1.0 %2.6 %

The Company incurred total restructuring and other impairment expense of $10.1 million in the six months ended June 30, 2025 compared with $26.2 million in the prior year period. 

Restructuring and other impairment expenses in the FAM segment for the six months ended June 30, 2025 and 2024 consisted of severance charges along with costs associated with facility closures announced in prior years.

Restructuring and other impairment expenses in the SAS segment for the six months ended June 30, 2025 consisted of severance charges. Restructuring and other impairment expenses for the six months ended June 30, 2024 included severance charges, along with costs associated with facility closures announced in prior years. 

35

Operating Profit (Loss)

The following table presents operating profit (loss) by segment (in millions):

 Six Months EndedJune 30,Percent ChangeReturn on Net Sales20252024Change20252024Filtration & Advanced Materials$(387.4)$39.8 $(427.2)N.M.(98.8)%9.7 %Sustainable & Adhesive Solutions37.8 19.8 18.0 90.9 %6.1 %3.2 %Unallocated expenses(60.9)(62.9)2.0 (3.2)%  Total$(410.5)$(3.3)$(407.2)N.M.(40.6)%(0.3)%

Operating loss was $410.5 million during the six months ended June 30, 2025 compared to operating loss of $3.3 million in the prior year period. 

In the FAM segment, operating loss was $387.4 million during the six months ended June 30, 2025 reflecting a $427.2 million decrease, compared to operating profit of $39.8 million in the prior year period  primarily due to the $411.9