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
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(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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