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.
Mativ Holdings, Inc. (MATV) reported Q2 2022 results, showing a 13% increase in sales to $426.4 million, with organic growth at 11%. GAAP EPS was $0.36, up from $0.06, while adjusted EPS decreased 4% to $0.86. The merger with Neenah and SWM International completed in July 2022 aims for $65 million in cost synergies. Mativ projects Adjusted EBITDA between $210 to $230 million for the second half of 2022 and announced a $1.60 annualized dividend per share, payable on September 23, 2022. Management expressed confidence in financial outlook and synergy execution.
Mativ Holdings, Inc. (NYSE: MATV) is set to announce its second quarter 2022 results on August 9, 2022, after market close. A conference call will follow on August 10, 2022, at 8:30 a.m. Eastern Time, where management will discuss the earnings results. Interested parties can access the call via the provided link and are encouraged to log in at least 15 minutes early. For those unable to listen live, a digital recording will be available shortly after the call, with details on how to access the recording included in the press release.
Mativ Holdings, Inc. (NYSE: MATV) announced the successful merger of Schweitzer-Mauduit International, Inc. and Neenah, Inc., effective July 6, 2022. This merger creates a global leader in specialty materials with approximately $3 billion in sales and operations across four continents. Mativ aims to deliver over $65 million in cost synergies and enhance growth opportunities. Starting July 6, 2022, Mativ will trade under the new ticker symbol 'MATV'. The company plans to report its financials in two segments: Advanced Technical Materials and Fiber-Based Solutions.