secwatch.observer — SEC 8-K summary
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Issuer:     Mativ Holdings, Inc. (MATV)
CIK:        0001000623
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001000623-23-000055
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mativ Q3 GAAP loss $464M; $401M goodwill impairment; dividend cut to $0.10
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- Sales fell 9.7% to $498.2M; GAAP EPS loss of $(8.50) included $7.30/share goodwill impairment.
- Adjusted EPS $0.21; adjusted EBITDA $55.4M, down 20% YoY on weak volume.
- ATM segment sales -7.6% YoY; FBS segment sales -16.7% YoY; healthcare grew double-digits.
- Quarterly dividend reduced from $0.40 to $0.10 per share; $5.5M paid in Q3.
- Net debt $1.654B; liquidity ~$414M; proceeds from EP sale to reduce debt by >1/3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000623/000100062323000055/0001000623-23-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000623/000100062323000055/matv-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001000623-23-000055

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