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MATV Mativ Holdings News Story

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Brief: Mativ Q2 Adjusted EPS USD 0.33

Overview

Mativ Q2 sales rise 0.3% yr/yr, beating analyst expectations

Adjusted EPS for Q2 beats consensus, adjusted EBITDA also exceeds estimates

Outlook

Mativ focuses on strong year-over-year adjusted EBITDA improvement

Company aims to enhance free cash flow for remainder of year

Mativ's strategic portfolio review underway to reduce leverage

Result Drivers

SAS SEGMENT GROWTH - Higher organic volume and selling prices drove a 5% organic sales increase in the SAS segment

COST MANAGEMENT - Lower SG&A expenses and favorable cost mix contributed to adjusted EBITDA growth, despite higher manufacturing and distribution costs

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 SalesBeat$525.40 mln$505 mln (1 Analyst)
Q2 Adjusted EPSBeat$0.33$0.18 (1 Analyst)
Q2 EPS-$0.18
Q2 Adjusted EBITDABeat$67.20 mln$58 mln (1 Analyst)
Analyst Coverage The one available analyst rating on the shares is "strong buy" Wall Street's median 12-month price target for Mativ Holdings Inc is $13.00, about 49.5% above its August 5 closing price of $6.56 The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 6 three months ago Press Release: ID:nBw561xp5a (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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