Quarterly ResultMay 6, 2026, 04:08 PM
Mativ Q1 Adjusted EBITDA Up 28% to $47.5M; Sales Down 1.1%
AI Summary
Mativ Holdings, Inc. announced its first quarter 2026 financial results, reporting sales of $479.6 million, a 1.1% decrease year-over-year. Despite the sales decline, the company significantly improved its GAAP loss by 97.3% to $11.7 million and saw Adjusted EBITDA increase by 28% to $47.5 million. Management highlighted strong operational execution, favorable pricing, and manufacturing efficiencies. Additionally, Mativ declared a quarterly cash dividend of $0.10 per share and extended the maturities of its credit facilities.
Key Highlights
- Sales decreased 1.1% to $479.6 million, with an organic decrease of 0.4%.
- GAAP loss was $11.7 million, a 97.3% improvement compared to a $425.5 million loss in the prior year.
- Adjusted EBITDA increased 28% to $47.5 million, achieving a 9.9% margin, up 220 basis points.
- Cash from operating activities was $1.0 million, and free cash flow was $(7.4) million.
- Filtration & Advanced Materials (FAM) segment sales were $188.3 million, up 0.4% (2.2% organic).
- Sustainable & Adhesive Solutions (SAS) segment sales were $291.3 million, down 2.0%.
- Mativ declared a quarterly cash dividend of $0.10 per share, payable on June 19, 2026.
- The company extended its revolving credit and term loan A facility maturity to 2031 and term loan B to 2033.