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 ...

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 ...

Investors looking for stocks in the Chemical - Specialty sector might want to consider either Mativ Holdings (MATV) or Novozymes A/S (NVZMY) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revisi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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) (State or oth ...

Exhibit 99.1 Mativ Announces Fourth Quarter and Full Year 2023 Results ALPHARETTA, GA, February 21, 2024 -– Mativ Holdings, Inc. ("Mativ" or the "Company") (NYSE: MATV) reported earnings results for the three months and year ended December 31, 2023. On July 6, 2022, Schweitzer-Mauduit International, Inc. ("SWM") and Neenah, Inc. ("Neenah") completed a merger of equals ("the Merger"). Financial results for periods prior to the Merger reflect only the continuing operations of legacy SWM results. On November 3 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ For the quarterly period ended September 30, 2023 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) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common stock, $0.10 par value M ...

Financial Data and Key Metrics Changes - Consolidated net sales for the quarter were $498 million, down from $551 million in the prior year, with a 12% volume-based decline offset by a 3% increase in selling price and currency [55][26][9] - Adjusted EBITDA was $55 million for the quarter, consistent with Q2 but down from $70 million in the prior year [20][26] - Net debt at the end of the quarter was over $1.6 billion, with available liquidity of $414 million [33][60] Business Line Data and Key Metrics Changes - Advanced Technical Materials (ATM) segment net sales were $394 million, down 8% year-over-year and 6% versus Q2, reflecting lower volumes due to customer caution and economic uncertainty [27][26] - Fiber-Based Solutions (FBS) segment net sales were $104 million, down 2% from last quarter and 17% from last year, impacted by a strong prior year and lower volumes [28][29] - Healthcare was the best-performing category with sales up 12%, while packaging and specialty papers faced the most pressure [26] Market Data and Key Metrics Changes - The U.S. manufacturing sector contracted in Q3, confirmed by volume declines reported by customers [19] - Industry data indicated demand for uncoated printing papers was down around 25% during the quarter [58] Company Strategy and Development Direction - The company is focused on improving cash flows through operating savings and capital efficiencies, with plans to consolidate manufacturing and distribution operations [6][7][8] - Strategic investments will be made in fast-growing and profitable categories like filtration and release liners [45][25] - The company aims to achieve a quarterly EBITDA of $70 million by the end of 2024, driven by modest market recovery and synergy realization [68][79] Management's Comments on Operating Environment and Future Outlook - Management indicated that while de-stocking is largely over, there may be a small sequential impact on sales in Q4 due to year-end inventory management [36] - Expectations for 2024 include demand stabilization and modest recovery in the second half of the year [37][82] - The company remains confident in its long-term growth strategy despite current economic challenges [80][66] Other Important Information - The sale of the Engineered Papers business is expected to close in Q4, with net proceeds over $575 million to be used for debt reduction [6][16] - A goodwill impairment charge of $401 million was recorded due to weaker economic conditions impacting the valuation of certain acquisitions [61] Q&A Session Summary Question: Can you provide details on which end markets are weak or strengthening heading into Q4 and 2024? - Management noted strength in healthcare and weakness in construction and transportation, with continued de-stocking in the paper business [83] Question: What are the ongoing cost reduction efforts and plans for 2024? - Management highlighted a focus on manufacturing costs, asset consolidations, and SG&A efforts to optimize internal infrastructure [90] Question: What is the company's leverage target for year-end 2024? - The target remains at 2.5 to 3.5 times, with plans to achieve this as EBITDA improves through 2024 [91]

Financial Performance - Mativ's ATM (Advanced Technical Materials) sales decreased by 8% from $426.1 million to $393.8 million[4] - Mativ's FBS (Fiber-Based Solutions) sales decreased by 17% from $125.4 million to $104.4 million[4] - Mativ's Adjusted EBITDA decreased by 20% from $69.6 million to $55.4 million[38] - Mativ reported a goodwill impairment charge of $401 million in ATM due to weaker macro conditions[5] - Mativ's sales from discontinued operations increased from $122.6 million to $127.2 million[9] Strategic Initiatives - Mativ is focusing on capital and operating efficiencies and increased cash flow[2] - Mativ expects improvements to support $70 million of EBITDA per quarter by year-end 2024 as volumes recover[14] - Mativ plans to use net proceeds of more than $575 million from the Engineered Papers sale to reduce highest cost debt[5] - Mativ is on track and expected to close the sale of Engineered Papers as originally planned in Q4[13] Liquidity and Debt - Mativ has available liquidity of $414 million[5] - Mativ's net debt is $1.65 billion at quarter end, with maturities between 2026 and 2028[13]

August 10, 2023 The following terms/abbreviations are used throughout the presentation and are defined as follows: ATM – Advanced Technical Materials segment, FBS – Fiber-Based Solutions segment, OP - operating profit, EBITDA - earnings before interest taxes depreciation and amortization, EPS - earnings per share. Due to the significance of the Neenah merger and the resulting change in our reportable segments, Mativ is providing the supplemental combined legacy financial information set forth in the tables ...

Part I - Financial Information [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) Mativ Holdings, Inc.'s unaudited condensed consolidated financial statements for the three and six months ended June 30, 2023, are presented, including income, balance sheets, cash flows, and detailed notes [Condensed Consolidated Statements of Income (Loss)](index=3&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income%20(Loss)) The company reported net losses of $4.5 million and $12.2 million for the three and six months ended June 30, 2023, respectively, primarily due to higher costs despite increased net sales from the Neenah merger Income Statement Highlights (in millions, except per share amounts) | Metric | Three Months Ended June 30, 2023 | Three Months Ended June 30, 2022 | Six Months Ended June 30, 2023 | Six Months Ended June 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | **Net sales** | $668.3 | $426.4 | $1,347.3 | $833.2 | | **Gross profit** | $128.5 | $99.6 | $237.5 | $192.2 | | **Operating profit** | $33.6 | $27.8 | $42.9 | $38.4 | | **Net income (loss)** | $(4.5) | $11.8 | $(12.2) | $13.4 | | **Diluted EPS** | $(0.08) | $0.36 | $(0.23) | $0.41 | [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2023, total assets slightly decreased to $3.65 billion, with stable liabilities around $2.5 billion, while goodwill increased and cash decreased Balance Sheet Summary (in millions) | Account | June 30, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Total Current Assets** | $963.2 | $974.7 | | **Total Assets** | $3,648.9 | $3,669.2 | | **Total Current Liabilities** | $426.2 | $466.1 | | **Long-term Debt** | $1,712.9 | $1,659.3 | | **Total Liabilities** | $2,499.9 | $2,489.9 | | **Total Stockholders' Equity** | $1,149.0 | $1,179.3 | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash provided by operations slightly increased to $19.5 million for the six months ended June 30, 2023, while investing activities shifted to a $39.5 million cash outflow due to higher capital spending Cash Flow Summary for Six Months Ended June 30 (in millions) | Cash Flow Activity | 2023 | 2022 | | :--- | :--- | :--- | | **Net cash provided by operations** | $19.5 | $18.0 | | **Net cash provided by (used in) investing** | $(39.5) | $18.0 | | **Net cash provided by (used in) financing** | $2.0 | $(51.5) | | **Decrease in cash and cash equivalents** | $(16.8) | $(18.4) | [Notes to Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) This section details accounting policies and financial data, including the Neenah merger, revenue recognition, debt, derivatives, restructuring, and the proposed sale of the Engineered Papers business - On July 6, 2022, SWM consummated its merger with Neenah, Inc. and changed its name to Mativ Holdings, Inc. The company now operates under two reporting segments: **Advanced Technical Materials (ATM)** and **Fiber-Based Solutions (FBS)**[24](index=24&type=chunk) - The total consideration for the Neenah merger was **$1,056.3 million**, which included equity, repayment of Neenah's debt, and other costs. The transaction resulted in **$230.8 million of goodwill** allocated to the ATM segment[59](index=59&type=chunk)[63](index=63&type=chunk) - On August 1, 2023, the Company received a **binding offer** from Evergreen Hill Enterprise to acquire its Engineered Papers business for **$620.0 million in cash**. The transaction is expected to close in **Q4 2023** and the business is expected to be presented as a discontinued operation in **Q3 2023**[164](index=164&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=34&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial results, noting the Neenah merger's impact on sales and expenses, leading to increased sales but a net loss in Q2 2023 due to higher costs and volume declines - The **July 2022 merger with Neenah** is the primary driver of year-over-year changes in financial results, significantly increasing the scale of operations[167](index=167&type=chunk) - As of June 30, 2023, the company had total debt of **$1.75 billion**, cash of **$107.6 million**, and undrawn revolving credit capacity of **$333.9 million**. Net leverage was **4.2x**, below the maximum covenant of **5.00x**[170](index=170&type=chunk) [Results of Operations - Q2 2023 vs 2022](index=36&type=section&id=Results%20of%20Operations%20-%20Comparison%20of%20the%20Three%20Months%20Ended%20June%2030,%202023%20and%202022) Q2 2023 net sales increased 56.7% to $668.3 million due to the Neenah merger, but gross margin declined and higher expenses resulted in a net loss of $4.5 million Q2 2023 vs Q2 2022 Performance (in millions) | Metric | Q2 2023 | Q2 2022 | % Change | | :--- | :--- | :--- | :--- | | **Net Sales** | $668.3 | $426.4 | 56.7% | | **Gross Profit** | $128.5 | $99.6 | 29.0% | | **Operating Profit** | $33.6 | $27.8 | 20.9% | | **Net Income (Loss)** | $(4.5) | $11.8 | N/A | - Sales growth was primarily due to the addition of Neenah operations. Price increases were offset by **volume declines** caused by customer de-stocking trends, particularly in industrials and packaging[174](index=174&type=chunk)[175](index=175&type=chunk) [Results of Operations - H1 2023 vs 2022](index=39&type=section&id=Results%20of%20Operations%20-%20Comparison%20of%20the%20Six%20Months%20Ended%20June%2030,%202023%20and%202022) H1 2023 net sales increased 61.7% to $1.35 billion, but gross margin declined and a net loss of $12.2 million was reported, partly due to FBS segment challenges H1 2023 vs H1 2022 Performance (in millions) | Metric | H1 2023 | H1 2022 | % Change | | :--- | :--- | :--- | :--- | | **Net Sales** | $1,347.3 | $833.2 | 61.7% | | **Gross Profit** | $237.5 | $192.2 | 23.6% | | **Operating Profit** | $42.9 | $38.4 | 11.7% | | **Net Income (Loss)** | $(12.2) | $13.4 | N/A | - **FBS operations in France** were negatively impacted by nationwide labor strikes in the first quarter, leading to lost sales and inefficiencies[192](index=192&type=chunk) [Liquidity and Capital Resources](index=42&type=section&id=Liquidity%20and%20Capital%20Resources) The company's liquidity is supported by operating cash flow and credit facilities, with cash of $107.6 million and increased capital spending of $42.0 million in H1 2023 - Net cash provided by operating activities was **$19.5 million** for H1 2023, a slight increase from **$18.0 million** in H1 2022[206](index=206&type=chunk) - Capital spending for H1 2023 was **$42.0 million**, up significantly from **$17.8 million** in H1 2022, due to the Neenah merger and capacity expansion projects for filtration and release liner products[208](index=208&type=chunk) - On August 9, 2023, the company announced a quarterly cash dividend of **$0.10 per share**[212](index=212&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=44&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's market risk exposure as of June 30, 2023, remains consistent with disclosures in its 2022 Annual Report on Form 10-K - There have been **no material changes** to the company's market risk exposure since the end of 2022[225](index=225&type=chunk) [Controls and Procedures](index=44&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 30, 2023, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded that **disclosure controls and procedures were effective** as of June 30, 2023[226](index=226&type=chunk) - **No changes in internal control over financial reporting** occurred during the quarter that have materially affected, or are reasonably likely to materially affect, internal controls[227](index=227&type=chunk) Part II - Other Information [Legal Proceedings](index=45&type=section&id=Item%201.%20Legal%20Proceedings) No material developments in legal proceedings have occurred beyond what was previously disclosed in the 2022 Form 10-K and Note 12 - There have been **no material developments** in the company's legal proceedings during the quarter[230](index=230&type=chunk) [Risk Factors](index=45&type=section&id=Item%201A.%20Risk%20Factors) The company's risk factors are consistent with those discussed in its 2022 Annual Report on Form 10-K, which could materially affect its business - The company's risk factors are **consistent** with those disclosed in its 2022 Annual Report on Form 10-K[231](index=231&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=45&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company repurchased 118,779 shares at an average price of $22.20 during H1 2023, primarily for tax withholding on vested stock awards, not a formal program Issuer Purchases of Equity Securities (Year-to-Date 2023) | Period | Total Number of Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | **Total YTD 2023** | 118,779 | $22.20 | - Share repurchases represent vested restricted shares from employees to satisfy tax withholding requirements and are **not part of a formal buyback program**[232](index=232&type=chunk) [Other Information](index=46&type=section&id=Item%205.%20Other%20Information) The Compensation Committee approved a Short-Term Cash Incentive Plan effective January 1, 2023, for eligible employees, and no Rule 10b5-1 trading plans were adopted or terminated - The Compensation Committee approved a **Short-Term Cash Incentive Plan** for eligible employees, including executive officers, effective **January 1, 2023**[236](index=236&type=chunk)[237](index=237&type=chunk) [Exhibits](index=47&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including corporate governance documents, credit agreement amendments, the Short-Term Incentive Plan, and CEO/CFO certifications