Mativ Q2 sales rise 1.2%, adjusted EBITDA at record on higher prices, lower costs
MATV•Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Sales | Beat | $531.80 mln | $508.50 mln (1 Analyst) |
| Q2 Adjusted EPS | Beat | $0.50 | $0.28 (1 Analyst) |
| Q2 EPS | $0.06 | ||
| Q2 Adjusted EBITDA | Beat | $75 mln | $64 mln (1 Analyst) |
Analyst coverage
- Wall Street's median 12-month price target for Mativ Holdings, Inc. is $21.00, about 128.3% above its August 4 closing price of $9.20
- The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago
Quarterly results
- Specialty materials maker's Q2 sales rose 1.2% year over year
- Adjusted EPS for Q2 was $0.50, up from prior year period
- Company cites cost discipline and organic growth for record adjusted EBITDA and margins
Outlook and result drivers
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Company did not provide specific guidance for future quarters or the full year
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- Co said higher selling prices in both segments helped offset lower volume/mix and cost increases
