Company: MATV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001000623-25-000049
Chunk: 15

Company: Mativ Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 15
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)Diluted loss per share excludes an immaterial amount of weighted average potential common shares for the three and six months ended June 30, 2025 and 2024 as their inclusion would be anti-dilutive. 

Note 5. Inventories, Net

 Inventories, net are valued at the lower of cost (using the first-in, first-out and weighted average methods) or net realizable value. The Company's costs included in inventory primarily include resins, pulp, chemicals, direct labor, utilities, maintenance, depreciation, finishing supplies and an allocation of certain overhead costs. Machine start-up costs or unplanned machine shutdowns are expensed in the period incurred and are not reflected in inventory. The Company reviews inventories at least quarterly to determine the necessity of write-offs for excess, obsolete or unsalable inventory. The Company estimates write-offs for inventory obsolescence and shrinkage based on its judgment of future realization. These reviews require the Company to assess customer and market demand. There were no material inventory write-offs during the three and six months ended June 30, 2025 and 2024. The following table summarizes inventories by major class (in millions):    June 30, 2025December 31, 2024Raw materials$131.4 $125.8 Work in process55.6 53.5 Finished goods144.6 160.7 Supplies and other12.9 15.1 Total inventories$344.5 $355.1 

15

MATIV HOLDINGS, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited)

Note 6. Goodwill

The changes in the carrying amount of goodwill by reportable segment were as follows (in millions): FAMSASTotalBalance at December 31, 2024$411.9 $53.7 $465.6 Goodwill impairment(411.9)— (411.9)Foreign currency translation— 3.8 3.8 Balance at June 30, 2025$— $57.5 $57.5 Accumulated impairment loss for the FAM segment was $411.9 million as of June 30, 2025. Accumulated impairment loss for the SAS segment was $401.0 million as of June 30, 2025. During the first quarter of