Mativ Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 21, 2024 at 04:40 pm EST
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Mativ Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 452.3 million compared to USD 524.4 million a year ago. Net income was USD 157.7 million compared to USD 2.5 million a year ago. Basic loss per share from continuing operations was USD 0.25 compared to USD 0.05 a year ago. Diluted loss per share from continuing operations was USD 0.25 compared to USD 0.05 a year ago. Basic earnings per share was USD 2.91 compared to USD 0.04 a year ago. Diluted earnings per share was USD 2.89 compared to USD 0.04 a year ago.
For the full year, sales was USD 2,026 million compared to USD 1,636.9 million a year ago. Net loss was USD 309.5 million compared to USD 6.6 million a year ago. Basic loss per share from continuing operations was USD 9.33 compared to USD 1.64 a year ago. Diluted loss per share from continuing operations was USD 9.33 compared to USD 1.64 a year ago. Basic loss per share was USD 5.69 compared to USD 0.18 a year ago. Diluted loss per share was USD 5.69 compared to USD 0.18 a year ago.
Mativ Holdings, Inc. is a specialty materials company, which offers a range of critical components and engineered solutions. The Company manufactures through its family of business-to-business and consumer product brands. It targets applications across diversified end-markets, from filtration to healthcare to sustainable packaging and others. Its portfolio of technologies combines polymers, fibers, and resins to optimize the performance of its customers products across multiple stages of the value chain. The Company operates through two segments: Filtration and Advanced Materials, and Sustainable & Adhesive Solutions. Filtration and Advanced Materials segment is focused primarily on filtration and protective solutions end markets. Sustainable & Adhesive Solutions segment is focused primarily on release liner, industrials, healthcare, and packaging and specialty papers end markets.
MATIV HOLDINGS, INC. 
