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 (NYSE: MATV) delivers engineered materials and advanced solutions for industries ranging from filtration to medical technologies. This news hub provides investors and professionals with timely updates on corporate developments, financial performance, and strategic initiatives.
Access official press releases alongside curated analysis of MATV's innovations in specialty papers and resin-based products. Our repository tracks earnings announcements, leadership changes, sustainability efforts, and operational expansions within the company's global manufacturing network.
Key updates include mergers & acquisitions in advanced materials sectors, product launches for industrial applications, and partnerships driving next-generation material science. The collection serves as a strategic monitoring tool for assessing MATV's market positioning and technological advancements.
Bookmark this page for streamlined access to MATV's evolving corporate narrative. Combine our news archive with SEC filings and investor resources for comprehensive due diligence in the engineered materials sector.
Mativ Holdings, Inc. (NYSE: MATV) reported Q2 2024 results for continuing operations, excluding the sold Engineered Papers business. Key highlights include:
- Sales of $523.8 million, up 4.7% sequentially, down 0.5% year-over-year
- GAAP loss of $1.4 million, EPS of $(0.03)
- Adjusted income of $19.0 million, Adjusted EPS of $0.34
- Adjusted EBITDA of $66.6 million, up 45% sequentially and 13% year-over-year
- Adjusted EBITDA margin increased 350 basis points sequentially and 150 basis points year-over-year
The company reported strong adjusted EBITDA and margin growth, driven by favorable pricing, increased volume, and improved operating performance. Management expressed confidence in delivering strong adjusted EBITDA improvement for the remaining quarters of 2024.
Mativ Holdings, Inc. (NYSE: MATV) has announced its plan to release second quarter 2024 financial results on August 7, 2024, after market close. The company will host a conference call to discuss these results on August 8, 2024, at 8:30 a.m. ET. Investors can access the call via webcast or by telephone. An online replay will be available on Mativ's investor relations website shortly after the call concludes. The company has provided dial-in information for both U.S. and international participants, along with an access code for the call.
Mativ Holdings (NYSE: MATV) announced the appointment of John K. Stipancich as an independent member of its board of directors, effective June 13, 2024. Stipancich will also join the Board's audit committee. Currently serving as Executive VP, General Counsel, and Secretary of Roper Technologies, Inc., Stipancich brings over 30 years of legal, operational, and financial expertise.
Previously, he held key leadership roles at Newell Brands and other companies. Stipancich's appointment follows the decision of Director Jeffrey J. Keenan to step down on June 12, 2024, after eight years of service. Mativ's leadership expressed gratitude for Keenan's contributions and welcomed Stipancich's potential to drive future growth and shareholder value.
Mativ Holdings, Inc. reported earnings for the first quarter of 2024, excluding Engineered Papers business sales. Sales increased sequentially by 10.6% to $500.2 million. GAAP loss was $(28.0) million with Adjusted EBITDA down 6% at $45.8 million. Filtration & Advanced Materials segment sales decreased by 8%, and Sustainable & Adhesive Solutions segment sales were down 9%. The company is focused on reducing costs, streamlining operations, and delivering improved EBITDA for 2024.
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