Overview

* Mativ ( MATV ) Q2 sales rise 0.3% yr/yr, beating analyst expectations

* Adjusted EPS for Q2 beats consensus, adjusted EBITDA also exceeds estimates

Outlook

* Mativ ( MATV ) focuses on strong year-over-year adjusted EBITDA improvement

* Company aims to enhance free cash flow for remainder of year

* Mativ's ( MATV ) strategic portfolio review underway to reduce leverage

Result Drivers

* SAS SEGMENT GROWTH - Higher organic volume and selling prices drove a 5% organic sales increase in the SAS segment

* COST MANAGEMENT - Lower SG&A expenses and favorable cost mix contributed to adjusted EBITDA growth, despite higher manufacturing and distribution costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $525.40 $505 mln

mln (1

Analyst)

Q2 Beat $0.33 $0.18 (1

Adjusted Analyst)

EPS

Q2 EPS -$0.18

Q2 Beat $67.20 $58 mln

Adjusted mln (1

EBITDA Analyst)

Analyst Coverage

* The one available analyst rating on the shares is "strong buy"

* Wall Street's median 12-month price target for Mativ Holdings Inc ( MATV ) is $13.00, about 49.5% above its August 5 closing price of $6.56

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)