Company: MATV
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001000623-25-000064
Chunk: 38

Company: Mativ Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 38
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 September 30, 2025 and 2024 (in millions):

Three Months Ended Percent ChangePercent of Net SalesSeptember 30, 2025September 30, 2024Change20252024Net sales$513.7 $498.5 $15.2 3.0 %100.0 %100.0 %Cost of products sold414.3 404.9 9.4 2.3 %80.7 %81.2 %Gross profit$99.4 $93.6 $5.8 6.2 %19.3 %18.8 %

Gross profit of $99.4 million during the three months ended September 30, 2025 increased $5.8 million, or 6.2%, compared to the prior-year quarter. The increase in gross profit reflected favorable relative net selling price versus input cost performance, higher volume/mix, and lower manufacturing costs, partially offset by higher distribution costs.

33

Nonmanufacturing Expenses

The following table presents nonmanufacturing expenses for the three months ended September 30, 2025 and 2024 (in millions):

 Three Months Ended Percent ChangePercent of Net SalesSeptember 30, 2025September 30, 2024Change20252024Selling and general expense$53.7 $54.3 $(0.6)(1.1)%10.5 %10.9 %Research and development expense5.6 5.7 (0.1)(1.8)%1.1 %1.1 %Intangible asset amortization expense16.0 15.4 0.6 3.9 %3.1 %3.1 %Nonmanufacturing expenses$75.3 $75.4 $(0.1)(0.1)%14.7 %15.1 %

Nonmanufacturing expenses of $75.3 million during the three months ended September 30, 2025 decreased $0.1 million, or 0.1%, compared to the prior-year quarter. 

Restructuring and Other Impairment Expense

The following table presents restructuring and other impairment expense for the three months ended September 30, 2025 and 2024 (in millions):

Three Months EndedPercent of Net SalesSeptember 30, 2025September 30, 2024Change