Mativ Holdings Reports Q3 Earnings with EPS Beat and Revenue Miss
Mativ Holdings (MATV) reported third-quarter financial results featuring a Non-GAAP earnings per share of $0.31, which exceeded analyst expectations by $0.06. However, the company's revenue reached $499.5 million, falling $10.5 million short of consensus estimates and representing a 2.8% decline year-over-year. The results come amid significant operational headwinds, as Mativ expects a sales impact of between $20 million and $25 million due to a tornado in Wisconsin. Looking forward, the company is focused on margin expansion and aims to reach a net leverage target of 2.5x to 3.5x by mid-2027.
Tickers: $MATV
Topics: earnings beat financial results non-GAAP EPS revenue miss