Mativ(MATV)

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Mativ(MATV) - 2024 Q4 - Annual Report
2025-02-27 21:39
Part I [Business](index=4&type=section&id=Item%201.%20Business) Mativ is a global specialty materials manufacturer operating through two realigned segments after divesting its tobacco-related paper business - Mativ Holdings, Inc. was formed through the merger of Schweitzer-Mauduit International, Inc. (SWM) and Neenah, Inc. on July 6, 2022[16](index=16&type=chunk) - The company completed the sale of its Engineered Papers (EP) business on November 30, 2023, ceasing its participation in tobacco-based product markets and reporting this business as a discontinued operation[17](index=17&type=chunk)[18](index=18&type=chunk) - Effective in Q1 2024, Mativ reorganized into two new reportable segments: **Filtration & Advanced Materials (FAM)** and **Sustainable & Adhesive Solutions (SAS)**[39](index=39&type=chunk) - As of December 31, 2024, the company had approximately **5,100 full-time employees** and operated 35 production locations worldwide[59](index=59&type=chunk)[174](index=174&type=chunk) [Strategic Overview](index=5&type=section&id=Item%201.%20Business%23Strategic%20Overview) The company's strategy focuses on growth trends, merger synergies, and portfolio transformation through divestitures and debt reduction - The company is focused on growth trends such as demand for cleaner air and water, modern building practices, increased use of adhesives, health and wellness advancements, and sustainable alternatives[23](index=23&type=chunk) - Mativ has realized the majority of the **$65.0 million in synergies** from the SWM-Neenah merger and is pursuing further value through cross-selling and geographic expansion[24](index=24&type=chunk) - The company is actively transforming its portfolio, highlighted by the **$620.0 million divestiture** of the Engineered Papers business in November 2023, with capital redeployed to repay debt and invest in growth areas[25](index=25&type=chunk) - Since the merger, Mativ has reduced its manufacturing footprint from 48 to 35 facilities (over 20% reduction) and **net debt by approximately 35%**; an organizational realignment is expected to deliver **$20.0 million in run-rate savings**[26](index=26&type=chunk) [Description of Business by Segment](index=9&type=section&id=Item%201.%20Business%23Description%20of%20Business) The company realigned into two segments in Q1 2024: Filtration & Advanced Materials (FAM) and Sustainable & Adhesive Solutions (SAS) 2024 Revenue Breakdown by Segment | Segment | 2024 Revenue % | | :--- | :--- | | Filtration & Advanced Materials (FAM) | 39% | | Sustainable & Adhesive Solutions (SAS) | 61% | FAM Segment 2024 Net Sales by Application | Application | % of FAM Net Sales | | :--- | :--- | | Filtration & netting | 64% | | Advanced films | 36% | SAS Segment 2024 Net Sales by Application | Application | % of SAS Net Sales | | :--- | :--- | | Tape, labels & liners | 50% | | Paper & packaging | 27% | | Healthcare & other | 23% | [Raw Materials and Energy](index=10&type=section&id=Item%201.%20Business%23Raw%20Materials%20and%20Energy) The company relies on various raw materials like resins and pulp with fluctuating prices and faces potential supply risks for specialty inputs - Key raw materials include various resins (polypropylene, polyethylene, thermoplastic polyurethane), synthetic fibers, and wood pulp[52](index=52&type=chunk) - The loss of a single supplier for certain specialty resins, mercerized pulp, or synthetic fibers could materially affect results due to limited sourcing options[53](index=53&type=chunk) - Energy, mainly electricity and natural gas in the U.S. and Europe, is a significant cost, with geopolitical events leading to more volatile energy prices in Europe[54](index=54&type=chunk)[55](index=55&type=chunk) [Human Capital and ESG](index=11&type=section&id=Item%201.%20Business%23Human%20Capital%20and%20ESG) Mativ employs approximately 5,100 people and integrates an ESG strategy focused on environmental, product, social, and governance dimensions - As of December 31, 2024, Mativ had approximately **5,100 full-time employees**, with 3,100 in North America, 1,700 in Europe, and 300 in Asia Pacific[59](index=59&type=chunk) - The company's ESG approach is guided by its five core values and focuses on Environmental, Product Stewardship, Social, and Governance dimensions[71](index=71&type=chunk)[72](index=72&type=chunk) - In 2024, **11 facilities achieved ISO 14001** (environmental management) and four achieved ISO 50001 (energy management) certification; 32 facilities were ISO 9001 (quality management) certified[75](index=75&type=chunk)[77](index=77&type=chunk) - ESG oversight is delegated to the Nominating & Governance Committee at the Board level, with the Audit Committee overseeing ESG-related risks through the enterprise risk management (ERM) system[84](index=84&type=chunk) [Risk Factors](index=18&type=section&id=Item%201A.%20Risk%20Factors) The company faces risks from intellectual property challenges, international operations, acquisition integration, and cybersecurity threats - The company's technological advantages may not be indefinite as patents expire and trade secrets risk exposure, potentially reducing sales and margins[100](index=100&type=chunk) - Operating in over 90 countries exposes the company to international risks, including adverse legal or regulatory changes, political instability, and trade sanctions[107](index=107&type=chunk)[109](index=109&type=chunk) - The integration of Neenah following the 2022 merger presents challenges, and failure to realize anticipated benefits could adversely affect results[136](index=136&type=chunk)[137](index=137&type=chunk)[138](index=138&type=chunk) - The cost and availability of raw materials (like wood pulp and resins) and energy are significant risks, as price increases may not be fully passable to customers[142](index=142&type=chunk)[143](index=143&type=chunk) - A failure or security breach of key IT systems could compromise sensitive data and expose the company to liability, with increasing complexity from data privacy laws like GDPR and CCPA[145](index=145&type=chunk)[147](index=147&type=chunk) - Increasing scrutiny on ESG issues could affect customer purchasing decisions, access to capital, and reputation if the company fails to meet evolving expectations or its own goals[158](index=158&type=chunk) [Cybersecurity](index=32&type=section&id=Item%201C.%20Cybersecurity) Mativ manages cybersecurity risk via a NIST-aligned program with Board and Audit Committee oversight, and disclosed a 2022 cyberattack - The company's cybersecurity risk management and strategy is based on the **National Institute of Standards and Technology (NIST) framework** and includes annual third-party penetration testing[168](index=168&type=chunk) - Oversight is handled by the Board of Directors and the Audit Committee, with the CIO providing quarterly updates and a CISO managing daily risks[171](index=171&type=chunk)[172](index=172&type=chunk) - The company experienced a cyberattack in Q3 2022 that temporarily affected operations, incurred remediation costs, and involved the exfiltration of company data[170](index=170&type=chunk) [Properties](index=34&type=section&id=Item%202.%20Properties) As of year-end 2024, Mativ operates 35 production facilities globally, primarily in the U.S. and Europe, across its two segments Production Facilities by Segment and Region (as of Dec 31, 2024) | Geographic Region | FAM | SAS | Total | | :--- | :--- | :--- | :--- | | U.S. | 10 | 10 | 20 | | Europe | 3 | 7 | 10 | | Asia/Pacific | 1 | 2 | 3 | | Americas (ex-U.S.) | 0 | 2 | 2 | | **Total** | **14** | **21** | **35** | [Legal Proceedings](index=34&type=section&id=Item%203.%20Legal%20Proceedings) The company is involved in ordinary course legal proceedings not expected to be material and holds indemnification obligations from past transactions - The company is involved in various legal proceedings from time to time but does not expect them to have a material effect on its financial condition or results of operations[176](index=176&type=chunk) - In connection with the EP Divestiture, Mativ agreed to indemnify the buyer for certain liabilities up to a maximum of **$10 million**, with no material claims pending as of December 31, 2024[179](index=179&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=36&type=section&id=Item%205.%20Market%20for%20Registrant's%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) Mativ's stock (MATV) trades on the NYSE; the company paid $0.40 per share in dividends in 2024 and has a share repurchase program - The company's common stock trades on the New York Stock Exchange under the ticker symbol **"MATV"**[183](index=183&type=chunk) - As of December 31, 2024, **$22.0 million remained available** for share repurchases under the current authorization, with no shares repurchased during 2024[190](index=190&type=chunk)[191](index=191&type=chunk) Dividends Per Share | Year | Dividend per Share | | :--- | :--- | | 2024 | $0.40 | | 2023 | $1.00 | | 2022 | $1.68 | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=38&type=section&id=Item%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Net sales decreased 2.2% to $1.98 billion in 2024, but net loss improved significantly due to the absence of a prior-year goodwill impairment - All financial discussion is on a continuing operations basis, excluding the results of the divested Engineered Papers (EP) business[195](index=195&type=chunk) - The significant improvement in operating loss and net loss in 2024 compared to 2023 was primarily due to a **$401.0 million goodwill impairment charge** recorded in 2023[212](index=212&type=chunk)[228](index=228&type=chunk) - As of December 31, 2024, the company had total debt of **$1,089.3 million**, cash of $94.3 million, and a net leverage ratio of **4.4x**, against a maximum covenant of 5.50x[236](index=236&type=chunk) Consolidated Results of Operations (in millions) | Metric | 2024 | 2023 | | :--- | :--- | :--- | | Net Sales | $1,981.1 | $2,026.0 | | Gross Profit | $364.1 | $355.8 | | Operating Profit (Loss) | $6.3 | $(413.9) | | Net Loss from Continuing Operations | $(48.7) | $(507.7) | | Diluted EPS from Continuing Operations | $(0.90) | $(9.33) | [Critical Accounting Estimates](index=39&type=section&id=Item%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations%23Critical%20Accounting%20Estimates) Key estimates involve significant judgment for income taxes, contingencies, asset valuation, and goodwill, which had a major 2023 impairment - Key critical accounting estimates include Income Taxes, Contingencies, Property, Plant and Equipment Valuation, and Goodwill[201](index=201&type=chunk) - Goodwill is tested for impairment annually or more frequently if indicators exist; the company recorded a non-cash goodwill impairment charge of **$401.0 million in 2023** related to certain reporting units within the SAS segment[208](index=208&type=chunk) [Results of Operations (2024 vs. 2023)](index=42&type=section&id=Item%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations%23Results%20of%20Operations) Consolidated net sales fell 2.2% to $1.98 billion in 2024, while gross profit improved and operating profit recovered from a prior-year impairment - Gross profit margin increased to **18.4% in 2024 from 17.6% in 2023**, reflecting favorable net selling price and input cost performance[218](index=218&type=chunk) - Restructuring and other impairment expenses increased to **$38.1 million in 2024** from $22.6 million in 2023, including costs for a new organizational realignment plan and a facility impairment[221](index=221&type=chunk)[222](index=222&type=chunk)[224](index=224&type=chunk) - The SAS segment's operating profit increased by **$421.7 million**, primarily due to the absence of the $401.0 million goodwill impairment charge that was recorded in 2023[227](index=227&type=chunk)[228](index=228&type=chunk) Net Sales by Segment (in millions) | Segment | 2024 | 2023 | % Change | | :--- | :--- | :--- | :--- | | FAM | $766.5 | $810.0 | (5.4)% | | SAS | $1,214.6 | $1,216.0 | (0.1)% | | **Total** | **$1,981.1** | **$2,026.0** | **(2.2)%** | [Liquidity and Capital Resources](index=45&type=section&id=Item%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations%23Liquidity%20and%20Capital%20Resources) The company maintains strong liquidity with $356.4 million available on its revolver, refinanced debt in 2024, and remains in covenant compliance - Net cash provided by operations was **$94.8 million in 2024**, an increase from $76.6 million in 2023[240](index=240&type=chunk) - In October 2024, the company redeemed its $350.0 million 6.875% senior notes due 2026, using proceeds from a new private offering of **$400.0 million 8.000% senior notes due 2029**[262](index=262&type=chunk)[263](index=263&type=chunk) - The company was in compliance with its debt covenants at December 31, 2024, which include a maximum net debt to EBITDA ratio of **5.50x** and a minimum interest coverage ratio of **2.50x**[255](index=255&type=chunk)[260](index=260&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=52&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) Mativ is exposed to foreign currency, interest rate, and commodity price risks, selectively using derivatives to hedge currency and interest rates - A hypothetical 10% unfavorable change in foreign currency exchange rates would result in a pre-tax loss of approximately **$35.2 million** on transactional exposures[283](index=283&type=chunk) - After accounting for interest rate hedges, **89% of the company's debt was subject to fixed rates** as of December 31, 2024; a 100 basis point increase in rates on the variable portion would decrease annual pre-tax earnings by **$1.2 million**[284](index=284&type=chunk) Hypothetical 10% Commodity & Energy Price Change Impact on Annual Pre-Tax Earnings | Risk Factor | Impact (in millions) | | :--- | :--- | | Resin Prices | ~$19.4 | | Wood Pulp Prices | ~$14.1 | | Purchased Energy Prices | ~$6.3 | [Financial Statements and Supplementary Data](index=55&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents the audited consolidated financial statements and notes for 2022-2024, detailing key accounting and business events - The sale of the Engineered Papers business in November 2023 for **$620.0 million** resulted in a gain on sale of **$170.0 million**, net of tax; the business is presented as a discontinued operation in all periods[415](index=415&type=chunk)[416](index=416&type=chunk) - In 2023, the company recorded a goodwill impairment charge of **$401.0 million** related to reporting units now within the SAS segment; no impairment was recorded in 2024 or 2022[420](index=420&type=chunk) Consolidated Balance Sheet Data (in millions) | Account | Dec 31, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | Total Current Assets | $658.1 | $712.5 | | Total Assets | $2,447.9 | $2,642.4 | | Total Current Liabilities | $274.5 | $281.4 | | Long-Term Debt | $1,086.7 | $1,101.8 | | Total Liabilities | $1,589.4 | $1,693.3 | | Total Stockholders' Equity | $858.5 | $949.1 | Consolidated Cash Flow Data (in millions) | Cash Flow | 2024 | 2023 | | :--- | :--- | :--- | | Net Cash from Operations | $94.8 | $106.6 | | Net Cash from (used in) Investing | $(56.7) | $547.2 | | Net Cash used in Financing | $(55.9) | $(662.9) | [Controls and Procedures](index=110&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and internal control over financial reporting were effective as of year-end 2024 - Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures were **effective** as of December 31, 2024[575](index=575&type=chunk) - Management concluded that internal control over financial reporting was **effective** as of December 31, 2024, based on the COSO 2013 framework[577](index=577&type=chunk) Part III [Directors, Executive Officers and Corporate Governance](index=113&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) Information regarding directors and governance is incorporated by reference from the 2025 Proxy Statement, with officer information in Part I - Most information for this item is **incorporated by reference** from the 2025 Proxy Statement[592](index=592&type=chunk) - Biographical information for executive officers is located in Part I, Item 1 of this report[88](index=88&type=chunk)[592](index=592&type=chunk) [Executive Compensation](index=113&type=section&id=Item%2011.%20Executive%20Compensation) All information related to executive compensation is incorporated by reference from the company's 2025 Proxy Statement - All information for this item is **incorporated by reference** from the "Executive Compensation" section of the 2025 Proxy Statement[593](index=593&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=113&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Security ownership details are incorporated by reference, with 1.9 million securities available for issuance under equity compensation plans Securities Available for Future Issuance under Equity Compensation Plans (as of Dec 31, 2024) | Plan Category | Number of Securities Available | | :--- | :--- | | Equity compensation plans approved by stockholders | 1,874,559 | | Equity compensation plans not approved by stockholders | — | | **Grand total** | **1,874,559** | Part IV [Exhibits and Financial Statement Schedules](index=115&type=section&id=Item%2015.%20Exhibits%20and%20Financial%20Statement%20Schedules) This section lists all exhibits filed with the Form 10-K, including key agreements, contracts, and required certifications - This section provides a comprehensive list of all exhibits filed with the annual report, including key agreements and certifications[600](index=600&type=chunk)
Mativ(MATV) - 2024 Q4 - Earnings Call Transcript
2025-02-20 16:51
Financial Data and Key Metrics Changes - Consolidated net sales from continuing operations for Q4 2024 were $459 million, up 4.3% year-over-year on an organic basis and 1.4% as reported [24] - Adjusted EBITDA from continuing operations was $44.8 million, down 10% from $50 million in the prior year, impacted by higher input and manufacturing costs [25][30] - Adjusted EBITDA margin increased slightly year-over-year in the SAS segment, while FAM's adjusted EBITDA was down more than $10 million year-over-year [26][27] Business Line Data and Key Metrics Changes - SAS segment net sales were $291 million, up almost 13% on an organic basis, driven by higher volumes across all end markets [25] - FAM segment net sales were $168 million, down more than 7% year-over-year, with stable performance in filtration but lower volumes in advanced films [27] - SAS generated strong adjusted EBITDA performance of $36 million, up almost 8% year-over-year, while FAM's adjusted EBITDA was $26 million [25][27] Market Data and Key Metrics Changes - The overall market demand remains challenged, impacting Q1 results, with expectations of higher inventory costs and input costs [32] - The company anticipates a $10 million to $15 million headwind on input costs mainly driven by increases in the price of pulp, papers, resins, and polymers [33] Company Strategy and Development Direction - The company is focused on profit growth, cash flow generation, and reducing debt and leverage, with plans to reduce overall capital spending while still investing for growth [21][22] - A clear portfolio strategy has been established with identified growth platforms and investments aligned with the strongest markets and customers [21] - The company has restructured its organization, reducing non-operating costs by over $20 million in 2024, with plans for an additional $20 million reduction by the end of 2026 [19] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a prolonged low industrial demand environment and is optimistic about leveraging commercial excellence best practices across the company [22][23] - The company is executing initiatives to deliver a more agile operating model and grow share in current markets while expanding addressable markets [35] - Management expressed confidence in the turnaround efforts in the FAM segment, particularly in advanced films, and expects improvements in the second half of the year [58] Other Important Information - The company has reduced its debt by over 35% and streamlined its plant footprint by over 25% [19] - A new leadership structure has been implemented to drive improvements across the business, with Ryan Elwart promoted to lead commercial activities [20] Q&A Session Summary Question: Impact of higher inventory and input costs on Q1 - Management confirmed that Q1 will be impacted by higher inventory and input costs, with plans in place to cover these through pricing actions over the year [38][39] Question: Strategy regarding potential tariffs in Canada and Mexico - Management indicated that there has been minimal impact from implemented tariffs and has plans to mitigate potential future tariffs through supply chain adjustments [41][42] Question: Leveraging SAS successes in FAM - Management outlined four key areas for leveraging SAS successes in FAM, including demand generation, strategic customer management, cross-selling opportunities, and leveraging talent across segments [49][50] Question: Sustainability of healthcare turnaround - Management expressed confidence in the sustainability of the healthcare turnaround, highlighting strong growth and margin improvements [54][56] Question: Progress on previous investments in new lines - Management provided updates on various investments, noting that while some are still in early stages, they are confident in the growth potential despite reducing CapEx spending [60][61]
Mativ Holdings (MATV) Q4 Earnings Beat Estimates
ZACKS· 2025-02-19 23:31
Company Performance - Mativ Holdings reported quarterly earnings of $0.05 per share, exceeding the Zacks Consensus Estimate of $0.04 per share, but down from $0.23 per share a year ago, representing a 25% earnings surprise [1] - The company posted revenues of $458.6 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 3.17%, and showing a slight increase from $452.3 million year-over-year [2] - Over the last four quarters, Mativ Holdings has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Market Performance - Mativ Holdings shares have declined approximately 17% since the beginning of the year, contrasting with the S&P 500's gain of 4.2% [3] - The current consensus EPS estimate for the upcoming quarter is $0.17 on revenues of $485.6 million, and for the current fiscal year, it is $1.15 on revenues of $2.01 billion [7] Industry Outlook - The Chemical - Specialty industry, to which Mativ Holdings belongs, is currently ranked in the bottom 19% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Mativ Holdings may be influenced by the overall outlook for the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]
Mativ(MATV) - 2024 Q4 - Annual Results
2025-02-19 21:04
Exhibit 99.1 Mativ Announces Fourth Quarter and Full Year 2024 Results ALPHARETTA, GA, February 19, 2025 -– Mativ Holdings, Inc. ("Mativ" or the "Company") (NYSE: MATV) reported earnings results for the three months and year ended December 31, 2024. On November 30, 2023, Mativ Holdings, Inc. ("Mativ" or the "Company") completed the sale of its Engineered Papers business. Financial results for continuing operations exclude Engineered Papers in all periods. Adjusted measures are reconciled to GAAP at the end ...
Mativ Holdings Inks Exclusive Licensing Agreement With CHASM
ZACKS· 2025-01-13 14:26
Mativ Holdings, Inc. (MATV) , the manufacturer of Argotec interlayer films for high-performance glazing, and Chasm Advanced Materials, Inc. (“CHASM”) have signed an exclusive licensing deal. Under the agreement, CHASM's AgeNT Silver Nanowire (AgNW) and Carbon Nanotube (CNT) hybrid performance film technology will be licensed to Mativ for transparent heating solutions in advanced glass and window applications in the architectural, military and transportation segments.This deal is another milestone in Mativ a ...
Mativ Holdings (MATV) Q3 Earnings and Revenues Miss Estimates
ZACKS· 2024-11-07 01:01
Mativ Holdings (MATV) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -19.23%. A quarter ago, it was expected that this paper and reconstituted tobacco company would post earnings of $0.21 per share when it actually produced earnings of $0.34, delivering a surprise of 61.90%.Over the ...
Mativ(MATV) - 2024 Q3 - Quarterly Results
2024-11-06 21:15
Exhibit 99.1 Mativ Announces Third Quarter 2024 Results ALPHARETTA, GA, November 6, 2024 -– Mativ Holdings, Inc. ("Mativ" or the "Company") (NYSE: MATV) reported earnings results for the three months ended September 30, 2024. On November 30, 2023, Mativ Holdings, Inc. ("Mativ" or the "Company") completed the sale of its Engineered Papers business. Financial results for continuing operations exclude Engineered Papers in all periods. Adjusted measures are reconciled to GAAP at the end of this release. Financi ...
Strength Seen in Mativ Holdings (MATV): Can Its 5.7% Jump Turn into More Strength?
ZACKS· 2024-07-17 11:31
Mativ Holdings (MATV) shares ended the last trading session 5.7% higher at $16.85. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 5.9% loss over the past four weeks. For Mativ Holdings, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an ey ...
Mativ(MATV) - 2024 Q1 - Quarterly Report
2024-05-09 20:51
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from __________________to __________________ 1-13948 (Commission file number) MATIV HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 62-1612879 (State or other jurisdiction of incorporation or organization) ☒ For the quarterly period ended March 31, 2024 100 Kimball P ...
Mativ(MATV) - 2024 Q1 - Quarterly Results
2024-05-08 20:10
Exhibit 99.1 Mativ Announces First Quarter 2024 Results ALPHARETTA, GA, May 8, 2024 -– Mativ Holdings, Inc. ("Mativ" or the "Company") (NYSE: MATV) reported earnings results for the three months ended March 31, 2024. On November 30, 2023, Mativ Holdings, Inc. ("Mativ" or the "Company") completed the sale of its Engineered Papers business. Financial results for continuing operations exclude Engineered Papers in all periods. Adjusted measures are reconciled to GAAP at the end of this release. Financial compar ...