NYSE$MATV

Mativ Holdings Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

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.

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.

Headline financials

Total Revenue

$499M

Previous: $498M+0.1%
EPS

-$0.38

Previous: $0.21-281.0%
Adjusted Operating Profit Margin

7.7%

No prior period
Adjusted EBITDA

$60.8M

Previous: $55.4M+9.7%
Adjusted EBITDA Margin

12.2%

No prior period
Cash from Operating Activities

$37.6M

No prior period
Capital Expenditures

-$32.9M

Previous: -$49.4M+33.4%
Free Cash Flow

-$53.7M

Previous: -$504M+89.4%
Net Income

-$20.8M

Previous: -$455M+95.4%
Operating Income

$7M

Previous: -$420M+101.7%
Gross Profit

$93.6M

Previous: $86.7M+8.0%
Cash & Equivalents

$162M

Previous: $84.7M+91.5%
Total Assets

$2.62B

Previous: $3.12B-15.9%
R&D Expense

$5.7M

Previous: $5.4M+5.6%
Stock-Based Comp

$2.7M

Previous: $2.6M+3.8%

Revenue & EPS history

Mativ · Revenue · Quarterly

$499M

Q3 2024+0.1%vs Q3 2023
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

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.

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 2024

Historical avgQ3 2024

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro