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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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Neenah Industrial Solutions, a Mativ brand, rebrands to Indafor, reflecting a century-old history of strength and innovation. The new name signifies a focus on partnership, progress, and innovation in various markets. The rebrand includes a new website, modern marketing collateral, and a fresh brand identity.
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Mativ Holdings, Inc. reported earnings results for the three months and year ended December 31, 2023, post-merger with SWM and Neenah. Q4 sales were down 13.7%, with Adjusted EBITDA at $50.0 million. Full-year sales increased by 24% to $2,026.0 million, but GAAP Loss was $507.7 million. CEO highlighted challenges faced in 2023 and strategic initiatives for 2024.
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Mativ Holdings, Inc. (NYSE: MATV) announced the release of its fourth quarter and full year 2023 financial results on February 21, 2024, with a conference call scheduled for February 22, 2024, to discuss the results. The call will be accessible via webcast or telephone, with an online replay available on the company's website. The event details are provided for interested participants.
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Mativ Holdings, Inc. announced organizational realignment initiatives after divesting its Engineered Papers business. The company expects to achieve $20 million of overhead cost reduction in 2024 and an additional $20 million by the end of 2026, effectively reducing overhead costs by approximately 15% over that timeframe. The realignment includes workforce reductions, system integrations, and restructuring. The company will reorganize into two new segments: Filtration & Advanced Materials and Sustainable & Adhesive Solutions. The president and CEO emphasized the importance of these changes in driving portfolio growth, increasing margins, and focusing on deleveraging.
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Mativ Holdings, Inc. (NYSE: MATV) completes the sale of its Engineered Papers business to Evergreen Hill Enterprise, Pte. Ltd. The transaction is expected to reduce Mativ's debt by over $600 million, approximately 35% of its outstanding debt balance as of Q3. Over 80% of Mativ's revenue will come from its Advanced Technical Materials segment in 2024, positioning the company as a leading manufacturer of specialty materials.
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MATV: Mativ Holdings, Inc. Reports Q3 2023 Financial Results, Announces Planned Sale of Engineered Papers Business. Sales down 9.7% to $498.2M, GAAP loss was $464.3M. Adjusted income was $11.2M, Adjusted EBITDA was $55.4M. Goodwill impairment charge of $401M. CEO comments on divesting Engineered Papers and focusing on efficiency and growth.
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Mativ Holdings, Inc. (NYSE: MATV) will announce its third quarter 2023 results on November 8, 2023, and hold a conference call to discuss the results on November 9, 2023.
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Conwed, a netting manufacturer, unveils refreshed branding and new website showcasing its innovative netting offerings. Conwed is now part of Mativ, a global leader in specialty materials. The new branding honors Conwed's legacy while advancing the brand as modern and innovative. The website provides richer insight into Conwed's market segments and products. The new branding will be showcased at the Global Produce and Floral Show.
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Ingersoll Rand appoints Julie Schertell and JoAnna Sohovich to its Board of Directors. Schertell brings experience in global strategies and transformation, while Sohovich excels in innovation and digital growth initiatives. Their perspectives will support the company's economic and digital growth strategies.
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FAQ

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

The current stock price of Mativ Holdings (MATV) is $16.69 as of October 14, 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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