Mativ Holdings (MATV) has issued an update.
The Company has completed the sale of its Engineered Papers division and has subsequently restructured its reporting segments to better align with its ongoing operations. This realignment, effective at the beginning of 2024, aims to provide shareholders with a clearer understanding of the company’s financial performance. To support this, the Company released updated financial information that reflects the new segment structure, enhancing investors’ ability to assess the company’s results for specific periods in 2023. This move is part of the Company’s efforts to maintain transparency in its financial reporting post-divestiture.
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