Mativ(US:MATV)2023-02-23 15:41Financial Performance - Mativ's total sales for 4Q:22 were $660.1 million, with a 6% organic sales growth ex-currency[62, 59] - Adjusted EBITDA for 4Q:22 was $92.4 million, representing 14% margin, a 30% increase compared to comparable periods, with 310 bps of margin expansion[67] - Adjusted EPS was $0.56 for 4Q:22[66] - The company expects EBITDA growth in 2023[28] Segment Performance - Advanced Technical Materials (ATM) segment sales were $409.1 million in 4Q:22, up 9% on a constant currency organic basis[86] - ATM Adjusted EBITDA was $61.6 million with a 15.1% margin, up 45% with 460 bps of margin expansion[26] - Fiber-Based Solutions (FBS) segment sales were $251.0 million in 4Q:22, up 3% on a constant currency organic basis[86] - FBS Adjusted EBITDA was $50.2 million with a 20% margin, up 7% with 140 bps of margin expansion[85] Synergies and Outlook - The company exited 2022 with a $20 million executed synergy run-rate and remains confident in the $65 million total plan[63] - $25 million in incremental savings are projected from synergies in 2023[87] - Approximately $15 million is expected from 2022 actions, with procurement and operating efficiencies layering in during 2023[9]