8-K
filed February 22, 2023, 6:59 PM ET
ticker MATV
CIK 0001000623
earnings
confidence high
sentiment neutral
materiality 0.75
Mativ Q4 sales $660.1M (+69% YoY); adj. EPS $0.56; full-year GAAP loss $6.6M
Mativ Holdings, Inc.
2022-FY EPS reported
-$0.18
revenue$2,167,400,000
- Q4 GAAP EPS $0.04; adjusted EPS $0.56; adjusted EBITDA $92.4M (+30% comparable).
- Full-year sales $2,167.4M (+51%); adjusted EBITDA $305.2M (comparable $370.4M, +11%).
- ATM segment sales $409.1M (+60%); release liners and protective solutions grew 20%+.
- Expects ~$25M incremental cost synergies in 2023; net debt $1,583M, leverage 3.7x.
- Quarterly dividend $0.40/share payable March 24, 2023 to holders of record March 3.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Mativ Holdings, Inc. reported three months ended December 31, 2022 results: revenue $660.1 million, net income $2.5 million, EPS $0.04.
- Period
- three months ended December 31, 2022
- Revenue
- $660.1 million
- Net income
- $2.5 million
- EPS
- $0.04
- Result
- reported results
Exact text from the filing
Mativ Fourth Quarter 2022 Highlights • Sales increased 69% to $660.1 million, reflecting the benefit of the merger; 6% constant currency organic sales growth, or 2% including negative currency impacts; 20%+ sales growth in release liners and protective solutions led the portfolio • GAAP Income was $2.5 million, GAAP EPS was $0.04, and GAAP Operating Profit was $26.9 million, which all included significant expenses related to the Neenah merger integration
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Mativ Holdings, Inc. reported year ended December 31, 2022 results: revenue $2,167.4 million, net income $6.6 million, EPS $(0.18).
- Period
- year ended December 31, 2022
- Revenue
- $2,167.4 million
- Net income
- $6.6 million
- EPS
- $(0.18)
- Result
- reported results
Exact text from the filing
Mativ Full Year 2022 Highlights • Sales increased 51% to $2,167.4 million, reflecting the benefit of the merger; 11% constant currency organic sales growth, or 7% including negative currency impacts • Double-digit sales growth in release liners, protective solutions, and packaging and specialty papers led top-line performance with strong pricing more than offsetting higher input costs • GAAP Loss was $6.6 million, GAAP EPS was $(0.18), and GAAP Operating Profit was $51.4 million
View on SEC.gov
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