Loading...
•
Jun 30, 2024
Mativ Q2 2024 Earnings Report
Mativ reported strong adjusted EBITDA and margin growth, driven by net selling price performance, increased volume and improved operating performance.
Key Takeaways
Mativ's second quarter results reflect strong adjusted EBITDA and margin growth, driven by favorable relative net selling price vs. input cost performance, increased volume and improved operating performance. Sales decreased slightly by 0.5% year-over-year to $523.8 million, but increased 4.7% sequentially versus Q1 2024.
Sales of $523.8 million increased 4.7% sequentially versus Q1 2024 reflecting volume improvement, and decreased 0.5% versus the prior year.
GAAP loss was $1.4 million, GAAP EPS was $(0.03), which included organizational realignment, impairment, divestiture and purchase accounting expenses
Adjusted income was $19.0 million, Adjusted EPS was $0.34, and Adjusted EBITDA was $66.6 million
Adjusted EBITDA margin increased 350 basis points sequentially and 150 basis points year-over-year.
Revenue by Segment
Forward Guidance
We are confident in our ability to deliver strong adjusted EBITDA improvement on a year-over-year basis for the remaining quarters of 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...