secwatch.observer — SEC 8-K summary
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Issuer:     Mativ Holdings, Inc. (MATV)
CIK:        0001000623
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001000623-23-000052
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mativ Q2 adj EPS $0.51; proposes sale of Engineered Papers for $620M; cuts dividend to $0.10
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- Sales $668.3M (+56.7% incl merger); organic sales -8%; GAAP loss $4.5M ($0.08/sh); adj EPS $0.51; adj EBITDA $87.4M.
- Proposed sale of Engineered Papers for $620M (6.5x TTM EBITDA); net proceeds ~$575M to cut net debt 35%; close expected 4Q23.
- Quarterly dividend reduced to $0.10 from $0.40; new $30M share repurchase program authorized.
- Net debt $1,640M; leverage 4.2x; total liquidity $442M; 2Q23 operating cash flow positive $40.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000623/000100062323000052/0001000623-23-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000623/000100062323000052/matv-20230809.htm
  HTML page:      https://secwatch.observer/filing/0001000623-23-000052

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