secwatch.observer — SEC 8-K summary
======================================

Issuer:     Mativ Holdings, Inc. (MATV)
CIK:        0001000623
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001000623-23-000032
Event type: earnings
Sentiment:  negative
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mativ Q1 GAAP loss $7.7M, adj. EPS $0.25; revenue $679M +66.9%; EBITDA $65.7M; sees improvement H2
--------------------------------------------------------------------------------

- GAAP net loss $7.7M ($0.14 loss per share); adjusted EPS $0.25; adjusted EBITDA $65.7M.
- Sales $679M, up 66.9% from merger; constant currency organic sales growth 1%; price increases offset lower volumes.
- FBS segment adjusted EBITDA down $18.9M to $28.4M; engineered papers hit by French strikes and manufacturing inefficiencies.
- ATM segment adjusted EBITDA down $4.7M to $58.8M on de-stocking; cash flow from operations -$20.7M.
- Company expects $100M EBITDA quarters exit 2023; $25M synergy execution on track; dividend $0.40 payable June 23.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000623/000100062323000032/0001000623-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000623/000100062323000032/matv-20230510.htm
  HTML page:      https://secwatch.observer/filing/0001000623-23-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer