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. reports news around its global specialty materials business, which manufactures products across Filtration & Advanced Materials and Sustainable & Adhesive Solutions. Company updates commonly cover filtration media and components, advanced films, coating and converting solutions, extruded mesh, tapes, labels, liners, specialty paper, packaging and healthcare materials.
Recurring developments include quarterly and annual results, segment sales trends, manufacturing efficiency, price-versus-input-cost performance, cash flow and leverage reduction. Mativ also issues updates on investor conferences, board appointments and strategic partnerships tied to advanced materials applications, including smart-window technology using optically clear polymer films.
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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.