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Sep 30, 2024
Mativ Q3 2024 Earnings Report
Mativ's Q3 2024 financial performance reflected a slight increase in sales and significant improvement in GAAP loss, driven by volume and profitability in Filtration and SAS segments, offset by challenges in Advanced Films.
Key Takeaways
Mativ reported a slight increase in sales and a significant improvement in GAAP loss for Q3 2024. Sales increased by 0.1% year over year, and GAAP loss improved by $443.5 million compared to the prior year. Adjusted EBITDA was up 10% versus the prior year.
Sales increased 0.1% year over year, and 1.4% on an organic basis.
GAAP loss improved by $443.5 million compared to the prior year, with GAAP EPS at $(0.38).
Adjusted income was $11.0 million, Adjusted EPS was $0.21, and Adjusted EBITDA was $60.8 million.
Adjusted EBITDA increased 10% versus the prior year, driven by improved manufacturing performance and lower expenses.
Revenue by Segment
Forward Guidance
Forward-looking statements include those regarding EPS and other financial guidance, acquisition integration and performance, growth prospects, future end-market trends, future macro-economic trends, the future effects of supply chain challenges and price increases, future cash flows, net leverage, purchase accounting impacts, effective tax rates, planned investments, profitability, and cash flow.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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