Mativ Holdings, Inc. (MATV) Misses Q2 EPS by 7c

Mativ Holdings, Inc. (NYSE: MATV) reported Q2 EPS of $0.86, $0.07 worse than the analyst estimate of $0.93. Revenue for the quarter came in at $426.4 million versus the consensus estimate of $394.5 million.

Business Outlook:

The Company expects Adjusted EBITDA for the second half of 2022 to be in the range of $210 to $230 million. Due to the complexities of projecting certain financial data and required purchase accounting expense analyses (primarily valuation of intangible assets) for the post-merger combined company, the Company is not able to estimate GAAP Income for the second half of 2022 and provide the associated Adjusted EBITDA reconciliation without unreasonable effort.

For earnings history and earnings-related data on Mativ Holdings, Inc. (MATV) click here.

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