Mativ Holdings Stock Price, News & Analysis

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.

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.