Mativ Holdings, Inc. announced its second quarter 2025 financial results, reporting consolidated net sales of $525.4 million, a 0.3% increase year-over-year. The company achieved a GAAP operating profit of $20.1 million, marking a 91.4% increase compared to the prior year period.
The Sustainable & Adhesive Solutions (SAS) segment continued its organic growth, with sales up 5.0% on an organic basis, and reported sales of $321.0 million, up 1.1% year-over-year. SAS GAAP operating profit surged by 59.0% to $24.8 million, driven by lower restructuring expenses and reduced SG&A.
The Filtration & Advanced Materials (FAM) segment reported sales of $204.4 million, down 1.0% year-over-year, primarily due to lower selling prices and volume/mix. However, the segment showed sequential improvement, with volumes in advanced films narrowing the gap to 2024 levels.
Mativ's adjusted EBITDA saw a significant sequential quarterly increase of over 80% from Q1 2025, and free cash flow generation was the second-highest since the company's merger. Net debt was reduced to $995.0 million as of June 30, 2025, a reduction of over $40 million from the prior quarter. The company maintained its quarterly cash dividend of $0.10 per share.
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