earnings
confidence high
sentiment neutral
materiality 0.70
Mativ Q3 adj. EBITDA up 10% to $60.8M; sales flat; Advanced Films turnaround launched
Mativ Holdings, Inc.
2024-Q3 EPS reported
-$0.93
revenue$1,522,500,000
- GAAP net loss of $20.8M ($0.38 loss per share); adjusted EPS of $0.21, adj. EBITDA margin +110bps.
- SAS segment sales $308.9M, up 2.1%; adj. EBITDA up ~20% to $41.0M, margin 13.3% (up 200bps).
- FAM segment sales fell 3.2% to $189.6M due to advanced films weakness; adj. EBITDA down 7%.
- Company reduced plant footprint from 48 to 35 sites; warehouse footprint down >25%.
- Quarterly dividend $0.10/share; redeemed 2026 notes and issued $400M notes due 2029.