ALPHARETTA, Ga. - Mativ Holdings, Inc. ("Mativ" or the "Company") (NYSE: MATV) reported earnings results for the three months ended June 30, 2025.
Adjusted measures are reconciled to GAAP at the end of this release. Financial comparisons are versus the prior year period unless stated otherwise. Figures may not sum to total due to rounding.
Mativ Second Quarter 2025 Highlights
- Sales of $525.4 million increased 0.3% year over year, and 2.6% on an organic basis
- GAAP loss was $9.5 million, GAAP EPS was $(0.18)
- Adjusted EBITDA was $67.2 million, Adjusted income was $18.5 million, and Adjusted EPS was $0.33, (see non-GAAP reconciliations). Adjusted EBITDA was up 1% versus the prior year period, as lower SG&A expenses across the company, higher organic volume in SAS and favorable cost mix in FAM were partially offset by higher manufacturing and distribution costs, and unfavorable net selling price versus input cost performance.
- Second-highest cash flow quarter since the merger, with cash from operating activities of $57.6 million, and free cash flow of $48.9 million, up 25% and 33% versus the prior year period, respectively.
Management Commentary
“We delivered solid results within both FAM and SAS segments and across the enterprise,” said Shruti Singhal, Mativ President and CEO. "Mativ's second quarter results reflect a year over year growth in adjusted EBITDA as well as a significant sequential quarterly increase in both adjusted EBITDA and free cash flow. Organic volume increases in our SAS segment together with disciplined cost and expense control led the year-over-year improvement in adjusted EBITDA, and our focus on cash flow and working capital optimization produced our second-highest cash flow quarter as Mativ.
We continue to operate at an increased pace of execution, and our strong performance in Q2 reflects the corresponding results. I want to thank our capable and engaged global Mativ team, who remains relentlessly focused on enhanced commercial delivery and ensuring Mativ’s agility in this challenging tariff and macro-economic environment. Our strategic portfolio review is underway evaluating opportunities to supplement the work we are doing to strengthen our balance sheet and reduce our leverage profile, and our results to date have galvanized our team's focus on generating strong year-over-year adjusted EBITDA and free cash flow improvement for the remainder of the year."
