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Mativ Holdings (MATV)
NYSE:MATV
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.02Last Year’s EPS
$0.23Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -33.65%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of positive initiatives and ongoing challenges. While the company reported improvements in adjusted EBITDA and strategic investments for future growth, it faced significant challenges in the advanced films segment and flat overall sales. The demand recovery remains sluggish, with increased competition impacting high-margin categories.Company Guidance
During the Mativ Third Quarter 2024 Earnings Call, guidance for the remainder of the year and beyond was highlighted by several key metrics and strategic initiatives. Sales were reported to be up 1% organically and flat year-over-year, with adjusted EBITDA showing a significant improvement of 10% and a margin increase of 110 basis points. The Sustainable & Adhesive Solutions (SAS) segment demonstrated strong growth, with adjusted EBITDA up nearly 20% and margins improving by 200 basis points. However, challenges were noted in the Filtration & Advanced Materials (FAM) segment, particularly in advanced films, with a 3% decline in net sales. Looking ahead, Mativ anticipates mid-single-digit sales growth in Q4 2024, although adjusted EBITDA is expected to decrease by low double digits year-over-year. The company is pursuing aggressive cost reduction strategies and demand generation initiatives, including investments in high-growth areas such as medical films and partnerships like the one with Miru for smart glass technology. These efforts are part of a broader turnaround plan, drawing on successful strategies implemented in the healthcare segment.Improvement in Adjusted EBITDA
Q3 results showed a meaningful adjusted EBITDA improvement, up 10% year-over-year, with an adjusted EBITDA margin increase of 110 basis points.
Strong Performance in SAS Segment
The SAS segment delivered adjusted EBITDA up almost 20% and an increased margin of 200 basis points, driven by strong performance in healthcare and other categories.
Growth in Filtration Category
Filtration revenues were up almost 6%, with transportation filtration up over 5% due to a healthy pipeline and a focus on the aftermarket and heavy-duty fleet vehicles.
Strategic Investments for Growth
Investments in medical films in the U.K. and specialty tapes in Canada are expected to provide over $35 million in incremental revenue opportunities over the next few years.
Cost Reduction and Streamlining Efforts
The company has reduced its footprint from 48 sites to 35 and decreased outside warehouses by over 25%, expected to improve margins.
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MATV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MATV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $17.27 | $13.63 | -21.08% |
| Aug 07, 2024 | $14.19 | $18.23 | +28.47% |
| May 08, 2024 | $18.19 | $18.14 | -0.27% |
| Feb 21, 2024 | $11.48 | $16.38 | +42.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mativ Holdings (MATV) report earnings?
Mativ Holdings (MATV) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Mativ Holdings (MATV) earnings time?
Mativ Holdings (MATV) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MATV EPS forecast?
MATV EPS forecast for the fiscal quarter 2024 (Q4) is $0.02.
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