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MATV — Mativ Holdings News Story

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Mativ Q2 sales rise 1.2%, adjusted EBITDA at record on higher prices, lower costs

Mativ Q2 sales rise 1.2%, adjusted EBITDA at record on higher prices, lower costs


Overview

  • Specialty materials maker's Q2 sales rose 1.2% year over year

  • Adjusted EPS for Q2 was $0.50, up from prior year period

  • Company cites cost discipline and organic growth for record adjusted EBITDA and margins


Outlook

  • Company did not provide specific guidance for future quarters or the full year


Result Drivers

  • PROACTIVE PRICING - Co said higher selling prices in both segments helped offset lower volume/mix and cost increases

  • COST DISCIPLINE - Co attributed record adjusted EBITDA and margin improvement to strong cost discipline and lower SG&A expenses

  • SEGMENT PERFORMANCE - SAS segment sales rose on strong growth in Tapes, Labels & Liners, while FAM segment sales declined due to lower volume/mix and an exited facility


Company press release: ID:nBw9mYShla


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Sales

Beat

$531.80 mln

$508.50 mln (1 Analyst)

Q2 Adjusted EPS

Beat

$0.50

$0.28 (1 Analyst)

Q2 EPS

$0.06

Q2 Adjusted EBITDA

Beat

$75 mln

$64 mln (1 Analyst)


Analyst Coverage

  • Wall Street's median 12-month price target for Mativ Holdings, Inc. is $21.00, about 128.3% above its August 4 closing price of $9.20

  • The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago


Reuters Recommended Reads

  • Aug 5 - Specialty materials maker Materion's Q2 sales, adj EBITDA beat estimates

  • Aug 4 - UK's Ferroglobe Q2 sales rise sequentially as adjusted EBITDA improves

  • Aug 4 - Celanese Q2 adjusted EPS beats estimates, sales meet expectations


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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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