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Jun 30, 2022
Mativ Q2 2022 Earnings Report
Reported second quarter 2022 results, reflecting legacy SWM results, and provided second half 2022 EBITDA outlook.
Key Takeaways
Mativ Holdings, Inc. reported a sales increase of 13% to $426.4 million with organic sales growth of 11%. GAAP EPS was $0.36, up from $0.06, while adjusted EPS was $0.86, down 4%. The company announced 2H:22 Adjusted EBITDA guidance of $210 to $230 million (on combined basis) and a $1.60 annualized quarterly cash dividend per share.
Sales increased 13% to $426.4 million; organic sales growth of 11% with strong demand and pricing actions across the business driving top-line gains and offsetting cost increases
GAAP EPS of $0.36, up from $0.06; Adjusted EPS of $0.86, down 4%; Adjusted EBITDA up 1% year-over-year and up 5% sequentially
SWM and Neenah merged to create a ∼$3 billion leader in specialty materials, a highly complementary combination with $65+ million cost synergy plan
Announced 2H:22 Adjusted EBITDA guidance of $210 to $230 million (on combined basis), consistent with both companies' previously issued annual guidance and includes early synergy capture
Forward Guidance
The Company expects Adjusted EBITDA for the second half of 2022 to be in the range of $210 to $230 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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