secwatch.observer — SEC 8-K summary
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Issuer:     Mativ Holdings, Inc. (MATV)
CIK:        0001000623
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001000623-24-000015
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000623/000100062324000015/0001000623-24-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000623/000100062324000015/matv-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001000623-24-000015

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