NYSE$MATV

Mativ Holdings Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported strong EP segment performance and positive sequential sales and profitability trend improvements in AMS as demand recovers from COVID-19 impacts.

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%.

Headline financials

Total Revenue

$279M

Previous: $256M+8.9%
EPS (adj)

$0.78

Previous: $0.90-13.3%
Adjusted Operating Profit Margin

18.9%

Previous: 16.3%+16.0%
Adjusted EBITDA

$64.2M

Previous: $51.4M+24.9%
Capital Expenditures

-$20.7M

Previous: -$20M-3.5%
Free Cash Flow

$3.8M

Previous: $7.7M-50.6%
Net Income

$24.5M

Previous: $27.7M-11.6%
Operating Income

$37M

Previous: $34.6M+6.9%
Gross Profit

$80.2M

Previous: $72.2M+11.1%
Cash & Equivalents

$66.3M

Previous: $84.9M-21.9%
Total Assets

$1.59B

Previous: $1.45B+9.7%
Stock-Based Comp

$1.4M

Previous: $1.5M-6.7%

Revenue & EPS history

Mativ · Revenue · Quarterly

$279M

Q3 2020+8.9%vs Q3 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

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

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+1.4%

Avg return

Earnings day

+1.4%

Avg return

5 days after

-1.7%

Avg return

30 days after

55%

36 / 65 earnings

Positive

+39.0%

Q4 2023

Best reaction

-17.8%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.5%-7.8%-20.3%
Q4 2025-8.0%-25.0%-43.2%
Q3 2025+22.3%+24.8%+14.7%
Q1 2025+8.8%+26.8%+22.7%
Q4 2024-17.8%-23.3%-33.0%
Q3 2024-14.8%-16.3%-24.7%
Q2 2024+26.6%+21.1%+23.4%
Q1 2024+1.9%-6.1%-7.3%
Q4 2023+39.0%+35.0%+44.6%
Q3 2023+2.9%-3.2%-7.0%
Q2 2023-0.4%-0.9%-13.5%
Q1 2023+3.7%+3.0%+2.6%
Q1 2022+3.7%+3.0%+2.6%
Q4 2022+11.3%+3.6%-19.6%
Q3 2022-12.7%-19.5%-15.5%
Q2 2022+15.1%+19.4%+24.9%
Q4 2021-3.2%+3.4%+0.1%
Q3 2021-12.8%-7.2%-21.5%
Q2 2021-1.6%-3.1%-4.6%
Q1 2021-1.2%+0.0%-7.1%
Q4 2020+1.2%+1.1%+4.9%
Q3 2020-2.4%+0.4%-2.9%
Q2 2020+2.9%+7.3%-5.3%
Q1 2020+1.5%-3.0%+20.0%
Q4 2019+1.8%+0.4%-19.2%
Q3 2019+9.1%+10.3%+9.9%
Q2 2019+4.9%+1.5%+4.0%
Q1 2019+1.3%-1.5%-8.1%
Q4 2018-0.7%-1.6%+0.4%
Q3 2018-0.7%-3.8%-15.4%
Q2 2018+6.4%+1.3%-1.9%
Q1 2018-1.9%+0.5%-0.3%
Q4 2017-0.4%+0.3%-0.2%
Q3 2017+8.1%+4.1%+6.9%
Q2 2017+3.8%-0.5%-2.1%
Q1 2017-2.8%-2.9%+3.0%
Q4 2016-0.0%+2.3%-1.4%
Q3 2016+5.2%+7.2%+16.0%
Q2 2016+4.6%+3.2%+7.3%
Q1 2016+0.7%
Q4 2015-1.2%
Q3 2015+1.5%
Q2 2015-4.9%
Q4 2014-3.5%
Q1 2015-0.2%
Q3 2014+1.7%
Q2 2014+2.0%
Q1 2014+1.9%
Q4 2013-1.2%
Q3 2013-16.4%
Q2 2013+0.7%
Q1 2013-0.3%
Q4 2012+0.2%
Q3 2012+1.9%
Q2 2012-8.0%
Q1 2012+0.8%
Q4 2009-0.4%
Q4 2011-0.4%
Q3 2010+2.2%
Q3 2011+2.2%
Q2 2011+2.6%
Q4 2010+2.6%
Q2 2010-0.8%
Q1 2011-0.8%
Q1 2010-0.8%

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