Mativ Q1 GAAP loss $0.52/share on $500.2M sales; adj EPS $0.02

Mativ Holdings, Inc.

2024-Q1 EPS reported -$0.52 revenue$500,200,000

Sales $500.2M, down 8.9% YoY, up 10.6% sequentially; GAAP net loss $28.0M ($0.52 loss per share).
Adjusted net income $1.1M, adjusted EPS $0.02; adjusted EBITDA $45.8M (down 6% YoY).
FAM segment sales $202.7M (-8% YoY), adj EBITDA $33.2M (-23% YoY); SAS segment sales $297.5M (-9% YoY), adj EBITDA $32.3M (+19% YoY).
Quarterly dividend declared $0.10/share, payable June 21, record May 24.
Restructuring expected to reduce non-operating costs by up to $20M annually by end of 2024.

item 2.02 item 9.01

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 the three months ended March 31, 2024 results: revenue $500.2 million, net income GAAP loss was $(28.0) million, EPS GAAP EPS was $(0.52).

Period: the three months ended March 31, 2024
Revenue: $500.2 million
Net income: GAAP loss was $(28.0) million
EPS: GAAP EPS was $(0.52)
Result: reported results

Exact text from the filing

Sales of $500.2 million increased 10.6% sequentially versus Q4 2023, and decreased 8.9% versus the prior year, reflecting sequential volume recovery • GAAP loss was $(28.0) million, GAAP EPS was $(0.52), which included organizational realignment, integration and purchase accounting expenses

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Mativ Holdings, Inc. reported the quarter ended March 31, 2024 results: revenue $500.2 million.

Period: the quarter ended March 31, 2024
Revenue: $500.2 million
Result: reported results

Exact text from the filing

statements for all fiscal quarters of 2023 revised to align with the new segment reporting structure. Mativ First Quarter 2024 Highlights (Continuing Operations) • Sales of $500.2 million increased 10.6% sequentially versus Q4 2023, and decreased 8.9% versus the prior year, reflecting sequential volume recovery • GAAP loss was $(28.0) million, GAAP EPS was

View on SEC.gov

708 earnings releases filed in the last 30 days. Browse all earnings releases →

Mativ Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001000623-24-000015

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.