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Sep 30, 2020
Mativ Q3 2020 Earnings Report
Reported strong EP segment performance and positive sequential sales and profitability trend improvements in AMS as demand recovers from COVID-19 impacts.
Key Takeaways
SWM announced a strong quarter with sales and adjusted profit growth in both segments. The company's diversified portfolio delivered growth throughout the varying conditions in an economic cycle. Adjusted EPS grew 15%, exceeding expectations.
Total sales were $279.3 million, up 9%.
GAAP operating profit was $37.0 million, or 13.2% of sales, up 7%.
Adjusted operating profit was $52.7 million, or 18.9% of sales, up 26%.
Adjusted EPS was $1.16, up 15%.
Forward Guidance
The company is on track to deliver another year with approximately $100 million of free cash flow, have de-levered the balance sheet since making the Tekra acquisition, and continued to return capital to shareholders through dividends.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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