Mativ Q2 2024: Adjusted EPS $0.34; EBITDA $66.6M, up 13% YoY; revenue $523.8M

Mativ Holdings, Inc.

2024-Q2 EPS reported -$0.54 revenue$1,024,000,000

Revenue $523.8M, -0.5% YoY; GAAP loss $1.4M, EPS -$0.03; Adjusted income $19.0M.
FAM segment sales $206.4M (-3% YoY); Adjusted EBITDA $42.3M, margin 20.5%.
SAS segment sales $317.4M (+0.8% YoY); Adjusted EBITDA $46.2M, margin 14.6% (+310bps).
Quarterly dividend declared $0.10/share, payable Sept 20, record Aug 23.
Total debt $1,136.4M, cash $133.4M; evaluating refinancing of 2026 senior notes.

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