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, Inc. (NYSE: MATV) has appointed Greg Weitzel as the new global chief financial officer, effective April 2, 2023. He succeeds Andrew Wamser, who will leave the company on April 1, 2023. Weitzel has a strong background in financial leadership, having previously served as Mativ's vice president of Financial Planning & Analysis since the company's merger in July 2022. Mativ, a leader in specialty materials, is committed to executing merger synergies and enhancing financial performance while driving long-term value for stakeholders.
Mativ Holdings, Inc. (NYSE: MATV) has officially changed the record date for its quarterly cash dividend from March 3, 2023 to March 7, 2023. The cash dividend remains at $0.40 per share, payable on March 24, 2023. This adjustment reflects the Company's commitment to maintaining shareholder returns. Mativ operates globally in specialty materials with a workforce exceeding 7,500 and offers solutions across diverse markets, from healthcare to sustainable packaging. With significant manufacturing capabilities, Mativ aims to drive innovation and performance in its industry.
Mativ Holdings, Inc. (MATV) reported strong financial results for Q4 and FY 2022, following the merger with Neenah, Inc. Sales surged by 69% to $660.1 million in Q4, driven by 20%+ growth in release liners and protective solutions. Adjusted income was $31.9 million, with EPS at $0.56. For FY 2022, sales rose 51% to $2.167 billion, with adjusted income of $127 million and EPS of $2.94. Mativ expects $25 million in incremental synergies in 2023, alongside positive momentum despite macroeconomic uncertainties. CEO Julie Schertell emphasized a focus on innovation and operational excellence to capitalize on growth opportunities.
Mativ Holdings, Inc. (NYSE: MATV) is set to release its fourth quarter 2022 financial results on February 22, 2023, after market close. A conference call to discuss these results will take place on February 23, 2023, at 8:30 a.m. Eastern Time. Participants can access the call via the company's website, where a presentation will also be available. For those unable to attend live, a replay will be accessible shortly after the call until March 2, 2023. Interested parties can dial in or listen online, with specific instructions provided in the release.
Mativ Holdings, Inc. (NYSE: MATV) will announce its fourth quarter 2022 results on February 22, 2023, after market closure. A conference call to discuss the results is scheduled for February 23, 2023, at 8:30 a.m. Eastern Time. Participants can access the earnings presentation and conference call via the company's website. Those unable to attend live can listen to a replay available shortly after the call, lasting until March 2, 2023. Dial-in details are provided for participants from Canada, the US, and other international locations, facilitating widespread engagement.
Mativ Holdings, Inc. (NYSE: MATV) will participate in the CJS Securities New Ideas for the New Year Conference on January 11, 2023, starting at 8:45 am E.T.. Investors can access the live webcast here or through the Company’s investor relations website here.
Headquartered in Alpharetta, Georgia, Mativ specializes in advanced materials and solutions across diverse markets, employing over 7,500 people globally.
Mativ Holdings, Inc. (NYSE:MATV) has appointed Lionel Bonte as President of Healthcare and Wellness, effective November 7, 2022. With over two decades of experience, Bonte aims to drive growth and innovation in Mativ's healthcare sector. He joins from Ahlstrom, where he led the Medical Business unit. Mativ's Healthcare and Wellness unit focuses on essential products for advanced wound care and medical devices. Bonte expressed enthusiasm about the opportunity to innovate in the dynamic healthcare industry.
Mativ Holdings, Inc. (NYSE: MATV) reported a strong third quarter of 2022 with sales reaching $674.1 million, a 76% increase, and 12% organic growth. The merger with Neenah led to significant sales in various sectors. However, the company reported a GAAP EPS of $(0.43) due to merger expenses. Adjusted EPS stood at $0.74, showcasing operational resilience. The ongoing integration and $65 million cost synergy plan are on track. Despite challenges from inflation and a cybersecurity incident, Mativ expects EBITDA growth to continue into 2023 with net leverage projected below 3.75x by year-end.
Mativ Holdings, Inc. (NYSE: MATV) will announce its third quarter 2022 results after market close on November 9, 2022, with a conference call following on November 10, 2022, at 8:30 a.m. Eastern Time. The call will be accessible online, accompanied by a presentation available on Mativ's website. Participants can join using a variety of local and toll-free numbers provided in the PR. A replay will be available shortly after the call until November 17, 2022.
Mativ Holdings, Inc. (MATV) will announce its third quarter 2022 results after market close on November 9, 2022. A conference call discussing the results is scheduled for November 10, 2022, at 8:30 a.m. ET. Participants can access the call and accompanying presentation via the company's website and a dedicated conference call link. A replay of the call will be available shortly after its conclusion and accessible until November 17, 2022.
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