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Mativ Holdings, Inc. - MATV STOCK NEWS

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.

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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.

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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.

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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.

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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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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.

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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.

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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.

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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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Mativ Holdings, Inc. (NYSE: MATV) appoints Dr. Kimberly E. Ritrievi as the new Chair of the Board of Directors, succeeding Dr. John D. Rogers. Dr. Ritrievi, a current director of Tetra Tech, Inc., aims to create value for stakeholders and drive Mativ's growth and impact globally.
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Mativ Holdings, Inc. (NYSE: MATV) has announced a conference call to discuss its first quarter 2024 financial results on May 9, 2024. The call will take place at 8:30 a.m. ET and can be accessed via webcast or telephone. An online replay will be available on Mativ's website after the call. Details for accessing the call are provided in the press release.
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FAQ

What is the current stock price of Mativ Holdings (MATV)?

The current stock price of Mativ Holdings (MATV) is $16.27 as of October 9, 2024.

What is the market cap of Mativ Holdings (MATV)?

The market cap of Mativ Holdings (MATV) is approximately 976.3M.

What does Mativ Holdings, Inc. specialize in?

Mativ Holdings, Inc. specializes in premium specialty papers and advanced resin-based products for various industries.

What are the main segments of Mativ Holdings?

The main segments are Advanced Materials and Structures, and Engineered Papers.

Which markets does the Advanced Materials and Structures segment serve?

This segment serves filtration, infrastructure, construction, transportation, industrial, and medical markets.

What products does the Engineered Papers segment produce?

It produces cigarette papers, reconstituted tobacco products, and various non-tobacco specialty paper products.

What recent achievements has Mativ Holdings made?

Recent achievements include strategic acquisitions like DelStar Technologies and Argotec, which have expanded their product portfolio.

How many countries does Mativ Holdings operate in?

Mativ Holdings operates in over 90 countries worldwide.

How many employees does Mativ Holdings have?

The company employs approximately 3,000 people globally.

What is the focus of Mativ Holdings' strategic transformation?

The focus is on diversifying the product portfolio and reducing dependency on the tobacco industry.

What are Mativ Holdings' key markets?

Key markets include the United States, United Kingdom, France, Russia, Spain, Luxembourg, Brazil, Canada, Poland, and China.

How does Mativ Holdings remain financially robust?

By leveraging its diversified portfolio and strong partnerships, Mativ Holdings can withstand market fluctuations and maintain financial stability.

Mativ Holdings, Inc.

NYSE:MATV

MATV Rankings

MATV Stock Data

976.26M
54.33M
2.4%
96.91%
1.57%
Specialty Chemicals
Paper Mills
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United States of America
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