Welcome to our dedicated page for Mativ Holdings news (Ticker: MATV), a resource for investors and traders seeking the latest updates and insights on Mativ Holdings stock.
Mativ Holdings, Inc. (symbol: MATV) is a diversified global producer specializing in premium specialty papers and advanced resin-based products. The company operates in two main segments: Advanced Materials and Structures and Engineered Papers.
The Advanced Materials and Structures segment focuses on the production of resin-based rolled goods used in diverse applications such as filtration, infrastructure, construction, transportation, industrial, and medical markets. This segment has grown significantly through strategic acquisitions, including DelStar Technologies in 2013 and Argotec in late 2015, among others. These acquisitions have expanded Mativ's product portfolio and market reach.
The Engineered Papers segment produces high-quality cigarette papers and reconstituted tobacco products essential for the tobacco industry, which continues to be a key focus area for the company. In addition to tobacco products, this segment also manufactures various non-tobacco specialty paper products.
Mativ Holdings conducts business in over 90 countries and employs around 3,000 people globally. Its operational footprint spans the United States, United Kingdom, France, Russia, Spain, Luxembourg, Brazil, Canada, Poland, and China, including joint ventures in select regions.
The company is in the midst of a strategic transformation aimed at diversifying its product offerings and reducing dependency on the tobacco industry. Recent achievements, including successful acquisitions and expansion into new market segments, underscore Mativ's commitment to innovation and growth.
Financially, Mativ Holdings remains robust, leveraging its diversified portfolio to withstand market fluctuations. Its long-standing partnerships and continuous investment in advanced materials and technologies position the company as a leader in both traditional and emerging markets.
Mativ Holdings (NYSE: MATV) reported Q4 2024 results with sales of $458.6 million, up 1.4% year-over-year and 4.3% organically. GAAP income was $1.5 million (EPS $0.03), improving from a $13.6 million loss last year. Adjusted EBITDA was $44.8 million, down 10% from prior year.
For full-year 2024, sales reached $1,981.1 million, declining 2.2% year-over-year. The company reported a GAAP loss of $48.7 million (EPS -$0.90). Adjusted EBITDA increased 2% to $218.0 million, driven by favorable pricing and lower costs, offset by lower volumes.
The Filtration & Advanced Materials segment saw Q4 sales decline 7.8% to $167.8 million, while Sustainable & Adhesive Solutions segment sales grew 7.5% to $290.8 million. Total debt stood at $1,089.3 million with $94.3 million in cash. The company declared a quarterly dividend of $0.10 per share.
Mativ Holdings (NYSE: MATV) has scheduled its fourth quarter and full year 2024 financial results announcement for February 19, 2025, after market close. The company will host a conference call to discuss these results on February 20, 2025, at 8:30 a.m. ET.
Investors and interested parties can access the call via webcast at https://events.q4inc.com/attendee/201400630 or by telephone. U.S. participants can dial toll-free at +1-833-470-1428, while international callers should use +1-404-975-4839 with access code 402356. An online replay will be available in the Investors section of Mativ's website at ir.mativ.com following the call.
Mativ Holdings (MATV) and Chasm Advanced Materials have entered into an exclusive licensing agreement for CHASM's AgeNT® Express transparent conductive film technology. The agreement focuses on transparent heating solutions for advanced glass and window applications across architectural, military, and transportation segments.
The partnership combines CHASM's expertise in Silver Nanowire (AgNW) and Carbon Nanotube (CNT) hybrid performance film technology with Mativ's capabilities in roll-to-roll precision coating and market presence in glazing applications. This collaboration aims to accelerate the commercialization of AgeNT® Express films portfolio and expand into global non-automotive glazing markets.
Mativ (MATV) has released its 2023 Environmental, Social, and Governance (ESG) report, marking its first comprehensive enterprise-wide assessment following the 2022 ESG Tear Sheet. The report details significant achievements in environmental sustainability, product stewardship, and social governance.
Key initiatives include completing a company-wide climate scenario analysis, expanding Scope 3 emissions calculations, and implementing new safety measures such as Safety Key Element Maturity Assessments (SKEMA). The company also introduced a refined balanced scorecard for safety performance and established the Safety Capital Risk Assessment Process.
Additionally, Mativ revamped its annual code of conduct training program, focusing on fraud reporting, unconscious bias, data protection, and workplace respect.
Mativ Holdings (NYSE: MATV) reported Q3 2024 results with sales of $498.5 million, up 0.1% year-over-year. The company posted a GAAP loss of $20.8 million, with GAAP EPS of $(0.38). Adjusted income was $11.0 million with Adjusted EPS of $0.21. Adjusted EBITDA reached $60.8 million, up 10% from the previous year.
The Filtration & Advanced Materials segment saw sales of $189.6 million, down 3.2%, while Sustainable & Adhesive Solutions segment sales increased 2.1% to $308.9 million. The company maintains strong liquidity of approximately $463 million and announced a quarterly dividend of $0.10 per share.
Mativ Holdings, Inc. (NYSE: MATV) has announced its upcoming third quarter 2024 financial results release and conference call. The company will release its Q3 2024 results on November 6, 2024, after market close. A conference call to discuss these results is scheduled for November 7, 2024, at 8:30 a.m. ET.
Investors and interested parties can access the call via webcast or by telephone. The webcast link is provided, and dial-in numbers are available for both U.S. toll-free and international callers. An online replay of the call will be accessible on the Investors section of Mativ's website shortly after the webcast concludes.
Mativ and Miru Smart Technologies have announced a joint development agreement to commercialize a novel lamination interlayer for dynamic electrochromic windows (eWindows). This collaboration aims to simplify manufacturing processes and reduce costs for glass fabricators and automakers worldwide.
The partnership combines Mativ's Argotec brand engineered polymer films with Miru's smart window technology. Miru's eWindow technology is the only solution meeting demands for curved, neutral-color, low-haze, and energy-efficient glass. eWindows can reduce energy usage by 20-40% in buildings compared to conventional low-emissivity windows.
Mativ will showcase a Miru sample eWindow at the International Glasstec trade show in Germany this October, exhibiting in Hall 10, booth F74.
Mativ Holdings, Inc. (NYSE: MATV) has announced the pricing of its private offering of $400 million in aggregate principal amount of 8.000% senior notes due 2029. The notes will be issued at 100.000% of the principal amount and are expected to close on October 7, 2024. Mativ intends to use the net proceeds to redeem its 6.875% Senior Notes due 2026 and repay approximately $43 million of outstanding borrowings under its term loan B facility. The notes are being offered only to qualified institutional buyers and non-U.S. persons outside the United States. Mativ is a global leader in specialty materials, operating in two segments: Filtration & Advanced Materials and Sustainable & Adhesive Solutions.
Mativ Holdings, Inc. (NYSE: MATV) has announced a private offering of $400 million in senior notes due 2029. The notes will be senior unsecured obligations of the company, guaranteed by certain subsidiaries. Mativ plans to use the proceeds to redeem its 6.875% Senior Notes due 2026 and repay approximately $43 million of outstanding borrowings under its term loan B facility.
The offering is exempt from registration under the Securities Act and will be available only to qualified institutional buyers and non-U.S. persons outside the United States. Mativ is a global leader in specialty materials, operating in two segments: Filtration & Advanced Materials and Sustainable & Adhesive Solutions. The company manufactures on three continents and generates sales in over 100 countries.
Mativ Holdings, Inc. (NYSE: MATV), a global leader in specialty materials, will showcase its innovative label solutions at LabelExpo Americas from September 10-12 in Chicago, booth 1205. The company will display its enterprise solutions for the label industry, highlighting brands such as Indafor, Itasa, and Neenah. These solutions cater to various applications, including high-performance labels, food rotation labels, premium wine and spirit labels, and release liner products for hygiene, industrials, and composites.
A key highlight is Mativ's Dispersa® label technology, a cellulose-based material that disperses in water along with any imprinted or handwritten graphics, supporting sustainability goals. The company aims to demonstrate its capabilities in collaborating, innovating, and supporting customers across the label industry.
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