Mativ Holdings Inc
NYSE:MATV

  • LAST PRICE
    13.0475
  • TODAY'S CHANGE (%)
    -0.4425 (-3.2802%)
  • Bid / Lots
    13.0300/ 3
  • Ask / Lots
    13.0600/ 6
  • Open / Previous Close
    13.3500 / 13.4900
  • Day Range
    12.8900
    13.6800
  • 52 Week Range
    10.7800
    19.9600
  • Volume
    222,924

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  • Nov 7, 2024

  • Nov 6, 2024

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    • 5:06PM ET on Wednesday Nov 06, 2024 by MT Newswires
      Companies Mentioned: MATV
      05:06 PM EST, 11/06/2024 (MT Newswires) -- ...

    • 5:05PM ET on Wednesday Nov 06, 2024 by MT Newswires
      Companies Mentioned: MATV
      05:05 PM EST, 11/06/2024 (MT Newswires) -- ...

    • 5:05PM ET on Wednesday Nov 06, 2024 by Dow Jones
      Companies Mentioned: MATV
      operations $ 38.5 $ 32.6 $ 106.7 $ 94.4 ===== ====== ====== ====== Income (loss) from continuing operations $ (20.8) $(464.3) $ (50.2) $(494.1) Plus: Restructuring, restructuring related, impairment, and other expenses 10.7 16.8 31.8 18.9 Plus: Goodwill impairment -- 401.0 -- 401.0 Plus: Gain/loss on sale of assets 5.8 -- 5.8 -- Plus: Purchase accounting adjustments 12.2 13.1 36.5 36.7 Plus: Litigation/tax settlement -- 1.2 -- 4.9 Plus: Organizational realignment and integration costs 1.2 7.5 6.1 22.4 Plus: Divestiture costs 0.3 4.1 2.8 4.0 Plus: Other 1.1 -- 1.1 -- Less: Luxembourg valuation allowance release -- 31.7 -- 31.7 Plus: Reversal of valuation allowance on prior year tax credits -- 6.4 -- 6.4 Plus: Tax legislative changes, net of other discrete items 0.5 (6.3) (2.8) 2.2 ----- ------ ------ ------ Adjusted Income from continuing operations $ 11.0 $ 11.2 $ 31.1 $ 34.1 ===== ====== ====== ====== Earnings (loss) per share from continuing operations - diluted $ (0.38) $ (8.50) $ (0.93) $ (9.06) Plus: Restructuring, restructuring related, impairment, and other expenses 0.20 0.32 0.58 0.36 Plus: Goodwill impairment -- 7.30 -- 7.30 Plus: Gain/loss on sale of assets 0.11 -- 0.11 -- Plus: Purchase accounting adjustments 0.22 0.23 0.67 0.67 Plus: Litigation/tax settlement -- 0.02 -- 0.09 Plus: Organizational realignment and integration costs 0.02 0.14 0.11 0.42 Plus: Divestiture costs 0.01 0.08 0.05 0.08 Plus: Other 0.02 -- 0.02 -- Less: Luxembourg valuation allowance release -- 0.59 -- 0.59 Plus: Reversal of valuation allowance on prior year tax credits -- 0.13 -- 0.12 Plus: Tax legislative changes, net of other discrete items 0.01 (0.10) (0.05) 0.05 ----- ------ ------ ------ Adjusted Earnings Per Share from continuing operations - diluted $ 0.21 $ 0.21 $ 0.56 $ 0.62 ===== ====== ====== ====== MATIV HOLDINGS, INC. AND SUBSIDIARIES RECONCILIATION OF NON-GAAP FINANCIAL MEASURES AND SUPPLEMENTAL DATA (in millions, except per share amounts) Three Months Ended September Nine Months Ended 30, September 30, ----------------- ------------------------- 2024 2023 2024 2023 ----- ------ ------- ------- Net loss from continuing operations $(20.8) $(464.3) $ (50.2) $ (494.1) Plus: Interest expense 18.3 16.8 55.0 48.8 Plus: Financing fees 2.3 2.4 6.9 2.4 Plus: Provision for income taxes (3.2) 27.3 (13.2) 30.0 Plus: Depreciation & amortization 35.7 36.9 108.4 110.5 Plus: Amortization of cloud-based software costs 0.1 -- 0.3 -- Plus: Stock compensation expense 2.4 1.4 5.4 4.0 Plus: Inventory step up expense -- -- -- 1.4 Plus: Restructuring, restructuring related, impairment, and other expenses 11.3 16.3 36.8 17.6 Plus: Goodwill impairment -- 401.0 -- 401.0 Plus: Other restructuring related expense -- 2.8 -- 4.2 Plus: Organizational realignment and integration costs 1.6 9.2 8.1 28.7 Plus: Divestiture costs 0.4 5.3 3.6 5.3 Plus: Litigation/tax settlement -- -- -- 4.9 Plus: Other income (expense), net 12.7 0.3 12.1 (1.3) ----- ------ ------- ------- Adjusted EBITDA from continuing operations $ 60.8 $ 55.4 $ 173.2 $ 163.4 ===== ====== ======= ======= Cash used in operating activities of continuing operations $ 37.6 $ 32.3 $ 70.7 $ 37.8 Less: Capital spending (12.1) (14.7) (32.9) (49.4) Less: Capitalized software costs (0.4) -- (0.5) (0.5) Less: Cloud-based software costs (1.2) -- (2.2) -- ----- ------ ------- ------- Free Cash Flow from continuing operations $ 23.9 $ 17.6 $ 35.1 $ (12.1) ===== ====== ======= ======= September December 30, 2024 31, 2023 ------------ ----------- Total Debt $1,143.4 $1,104.6 Less: Cash 162.2 120.2 ------- ------- Net Debt from continuing operations $ 981.2 $ 984.4 ======= =======

    • 5:05PM ET on Wednesday Nov 06, 2024 by Dow Jones
      Companies Mentioned: MATV
      operations $ 38.5 $ 32.6 $ 106.7 $ 94.4 ===== ====== ====== ====== Income (loss) from continuing operations $ (20.8) $(464.3) $ (50.2) $(494.1) Plus: Restructuring, restructuring related, impairment, and other expenses 10.7 16.8 31.8 18.9 Plus: Goodwill impairment -- 401.0 -- 401.0 Plus: Gain/loss on sale of assets 5.8 -- 5.8 -- Plus: Purchase accounting adjustments 12.2 13.1 36.5 36.7 Plus: Litigation/tax settlement -- 1.2 -- 4.9 Plus: Organizational realignment and integration costs 1.2 7.5 6.1 22.4 Plus: Divestiture costs 0.3 4.1 2.8 4.0 Plus: Other 1.1 -- 1.1 -- Less: Luxembourg valuation allowance release -- 31.7 -- 31.7 Plus: Reversal of valuation allowance on prior year tax credits -- 6.4 -- 6.4 Plus: Tax legislative changes, net of other discrete items 0.5 (6.3) (2.8) 2.2 ----- ------ ------ ------ Adjusted Income from continuing operations $ 11.0 $ 11.2 $ 31.1 $ 34.1 ===== ====== ====== ====== Earnings (loss) per share from continuing operations - diluted $ (0.38) $ (8.50) $ (0.93) $ (9.06) Plus: Restructuring, restructuring related, impairment, and other expenses 0.20 0.32 0.58 0.36 Plus: Goodwill impairment -- 7.30 -- 7.30 Plus: Gain/loss on sale of assets 0.11 -- 0.11 -- Plus: Purchase accounting adjustments 0.22 0.23 0.67 0.67 Plus: Litigation/tax settlement -- 0.02 -- 0.09 Plus: Organizational realignment and integration costs 0.02 0.14 0.11 0.42 Plus: Divestiture costs 0.01 0.08 0.05 0.08 Plus: Other 0.02 -- 0.02 -- Less: Luxembourg valuation allowance release -- 0.59 -- 0.59 Plus: Reversal of valuation allowance on prior year tax credits -- 0.13 -- 0.12 Plus: Tax legislative changes, net of other discrete items 0.01 (0.10) (0.05) 0.05 ----- ------ ------ ------ Adjusted Earnings Per Share from continuing operations - diluted $ 0.21 $ 0.21 $ 0.56 $ 0.62 ===== ====== ====== ====== MATIV HOLDINGS, INC. AND SUBSIDIARIES RECONCILIATION OF NON-GAAP FINANCIAL MEASURES AND SUPPLEMENTAL DATA (in millions, except per share amounts) Three Months Ended September Nine Months Ended 30, September 30, ----------------- ------------------------- 2024 2023 2024 2023 ----- ------ ------- ------- Net loss from continuing operations $(20.8) $(464.3) $ (50.2) $ (494.1) Plus: Interest expense 18.3 16.8 55.0 48.8 Plus: Financing fees 2.3 2.4 6.9 2.4 Plus: Provision for income taxes (3.2) 27.3 (13.2) 30.0 Plus: Depreciation & amortization 35.7 36.9 108.4 110.5 Plus: Amortization of cloud-based software costs 0.1 -- 0.3 -- Plus: Stock compensation expense 2.4 1.4 5.4 4.0 Plus: Inventory step up expense -- -- -- 1.4 Plus: Restructuring, restructuring related, impairment, and other expenses 11.3 16.3 36.8 17.6 Plus: Goodwill impairment -- 401.0 -- 401.0 Plus: Other restructuring related expense -- 2.8 -- 4.2 Plus: Organizational realignment and integration costs 1.6 9.2 8.1 28.7 Plus: Divestiture costs 0.4 5.3 3.6 5.3 Plus: Litigation/tax settlement -- -- -- 4.9 Plus: Other income (expense), net 12.7 0.3 12.1 (1.3) ----- ------ ------- ------- Adjusted EBITDA from continuing operations $ 60.8 $ 55.4 $ 173.2 $ 163.4 ===== ====== ======= ======= Cash used in operating activities of continuing operations $ 37.6 $ 32.3 $ 70.7 $ 37.8 Less: Capital spending (12.1) (14.7) (32.9) (49.4) Less: Capitalized software costs (0.4) -- (0.5) (0.5) Less: Cloud-based software costs (1.2) -- (2.2) -- ----- ------ ------- ------- Free Cash Flow from continuing operations $ 23.9 $ 17.6 $ 35.1 $ (12.1) ===== ====== ======= ======= September December 30, 2024 31, 2023 ------------ ----------- Total Debt $1,143.4 $1,104.6 Less: Cash 162.2 120.2 ------- ------- Net Debt from continuing operations $ 981.2 $ 984.4 ======= =======

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