Mativ reported a net loss of $425.5 million for the first quarter of 2025, primarily due to a non-cash goodwill impairment charge of $411.9 million. Sales decreased by 3.1% year over year to $484.8 million. Adjusted EBITDA was $37.2 million, down 19% from the prior year.
Sales decreased 3.1% year over year to $484.8 million.
GAAP loss was $425.5 million, heavily impacted by a $411.9 million goodwill impairment charge.
Adjusted EBITDA was $37.2 million, a 19% decrease compared to the prior year.
Filtration & Advanced Materials (FAM) segment sales decreased 7.4%, while Sustainable & Adhesive Solutions (SAS) segment sales were down 0.1% reported but up 5.7% organically.
The report did not contain specific forward guidance details beyond management commentary on strategic priorities.
Visualization of income flow from segment revenue to net income
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