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Mativ (MATV) investor relations material
Mativ Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 net sales increased 3% year-over-year to $513.7 million, with both segments contributing to growth and organic sales up 5.2%.
Adjusted EBITDA rose 10% to $66.8 million, with margin at 13%, the highest since the merger.
Net loss for Q3 was $3.2 million (EPS $(0.06)), a significant improvement from the prior year, while adjusted EPS was $0.39.
Free cash flow for Q3 was $66.7 million, up 179% year-over-year, and year-to-date free cash flow more than doubled.
Strategic priorities and cost controls are driving margin expansion, deleveraging, and improved cash flow.
Financial highlights
Gross profit rose 6.2% to $99.4 million, with gross margin at 19.3%.
Adjusted operating profit was $45.6 million, up from $38.5 million a year ago.
Interest expense decreased to $17.7 million, and net debt stood at $931.8 million.
Cash provided by operations for the nine months was $114.5 million, up from $70.7 million in the prior year.
Capital spending for the nine months was $28.7 million.
Outlook and guidance
Q4 Adjusted EBITDA expected to increase by at least 10% year-over-year, driven by volume growth and operational improvements.
Management expects liquidity sources to be sufficient for foreseeable needs and to remain in compliance with debt covenants.
Capital expenditures targeted at $40 million for 2025; working capital expected to provide $10 million in cash.
Cost savings initiatives targeting $35–$40 million by year-end 2026, with $15–$20 million realized in 2025.
Quarterly dividend of $0.10 per share announced, payable December 2025.
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