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Dec 31, 2024
Mativ Q4 2024 Earnings Report
Mativ Holdings, Inc. reported its financial results for the fourth quarter and full year ended December 31, 2024.
Key Takeaways
Mativ Holdings, Inc. reported a 1.4% increase in sales year-over-year for Q4 2024, reaching $458.6 million, with organic growth of 4.3%. GAAP income improved significantly to $1.5 million from a loss in the prior year, while Adjusted EBITDA decreased by 10% due to lower volumes in Advanced Films and higher input costs, partially offset by growth in other product categories and reduced SG&A.
Q4 2024 sales increased 1.4% year-over-year to $458.6 million, with organic growth of 4.3%.
GAAP income for Q4 2024 was $1.5 million, a significant improvement from a $13.6 million GAAP loss in the prior year.
Adjusted EBITDA for Q4 2024 was $44.8 million, down 10% from the prior year, primarily due to lower volumes in Advanced Films and higher input costs.
The Sustainable & Adhesive Solutions (SAS) segment showed strong performance with 7.5% sales growth and almost 8% increase in Adjusted EBITDA.
Revenue by Segment
Forward Guidance
Mativ is focused on high-profit and cash-accretive activities for 2025, including pricing actions, cost reduction initiatives, and strengthening the sales pipeline, with expected sequential improvement in order books.
Positive Outlook
- Focus on highest profit and cash accretive activities.
- Announced pricing actions to improve profitability.
- Incremental manufacturing and overhead cost reduction initiatives.
- Strengthening the sales pipeline for future growth.
- Expectation of sequential improvement in order books.
Challenges Ahead
- Turnaround activities in Advanced Films are underway, implying current challenges.
- More work to do in FAM segment to deliver improvements.
- Advanced Films category faced challenges in Q4.
- Higher input and manufacturing costs impacted Q4 Adjusted EBITDA.
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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