Mativ Holdings, Inc. functions as a specialized enterprise dedicated to high-performance materials. The company's operations are divided into two main segments: Advanced ...
Mativ Holdings, Inc. (NYSE: MATV) is a diversified specialty materials company formed in 2022 through the merger of SWM International and Neenah, creating a global leader with a rich history dating back to 1995 when the original entity was incorporated. Headquartered in Alpharetta, Georgia, Mativ operates manufacturing facilities across three ...Mativ Holdings, Inc. (NYSE: MATV) is a diversified specialty materials company formed in 2022 through the merger of SWM International and Neenah, creating a global leader with a rich history dating back to 1995 when the original entity was incorporated. Headquartered in Alpharetta, Georgia, Mativ operates manufacturing facilities across three continents and distributes products worldwide. The company is organized into two primary segments: Advanced Materials & Structures (AMS) and Engineered Papers (EP). AMS produces resin-based rolled goods such as nets, films, and meltblown materials, along with bonding products, adhesive components, and customized coating solutions, serving critical end-markets including healthcare, construction, industrial, transportation, and filtration. EP focuses on specialized cigarette papers and reconstituted tobacco products for the global tobacco industry, as well as non-tobacco papers for energy storage and industrial commodity grades. Mativ emphasizes innovation and sustainability, aiming to 'make material impacts' through high-performance solutions. Under the leadership of CEO Shruti Singhal, appointed in 2023, the company is focused on strategic transformation, operational excellence, and driving shareholder value. Financially, Mativ has a market cap of approximately $710 million, revenue per share of $36.07, and a net profit margin of 4.5%. The company employs around 5,000 people and continues to invest in R&D (1.1% of revenue) to develop advanced materials. Despite a challenging economic environment, Mativ maintains a dividend yield of 3.1% and is committed to reducing debt, as evidenced by a net debt to EBITDA ratio of 6.09. With a strong presence in the US, Europe, Asia Pacific, and the Americas, Mativ is well-positioned to capitalize on global trends in healthcare, sustainability, and industrial innovation.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$2.0B
+0.3%
+10.9%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-337.4M
-592.8%
+130.8%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+15.1%
-17.9%
+48.3%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+2.4%
+650.1%
+270.2%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-17.0%
-590.8%
+127.7%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$93.8M
+139.3%
+916.2%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+4.7%
+138.6%
+836.1%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
225.1%
+67.6%
-5.5%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
2.24x
-6.6%
-12.5%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Hello. Welcome to Mativ's First Quarter 2026 Earnings Conference Call. On the call today from Mativ are Shruti Singhal, President and Chief Executive Officer; Scott Minder, Chief Financial Officer; and Chris Kuepper, Director of Investor Relations. Today's call is being recorded and will be available for replay later this afternoon. [Operator Instructions] It is now my pleasure to turn the call over to Mr. Chris Kuepper. Sir, you may begin.
Chris Kuepper: Good morning, everyone, and thank you for joining us for Mativ's First Quarter 2026 Earnings Call. Before we begin, I'd like to remind you that comments included in today's conference call include forward-looking statements. Actual results may differ materially from these comments for reasons shown in detail in our SEC filings, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. Some financial metrics discussed during this call are non-GAAP financial metrics. Reconciliations to the closest GAAP metrics are included in the appendix of the earnings release which, along with the accompanying slide deck is now available on our website at ir.mativ.com. With that, I'll turn the call over to Shruti.
Shruti Singhal: Thanks, Chris. Good morning, everyone, and thank you for joining our call. We appreciate your time and your continued interest in Mativ. I am delighted to share our financial results, provide operational updates and formally introduce the next phase of our strategic evolution. Before we discuss the Q1 performance, I would like to pause and reflect on a meaningful milestone. This marks my first full year as Mativ's CEO. Looking back at the last 12 months, I am deeply inspired by our global workforce's resilience, adaptability and unwavering commitment. Having navigated complex macroeconomic and more recently, geopolitical landscapes, the transformation we initiated a year ago is bearing fruit, placing us on a firmer foundation today. The cultural shift driven across the organization fundamentally altered our operational DNA. We are no longer reacting to the market. We are actively shaping our outcomes and focusing aggressively on things we can control. This pivot is evident enterprise-wide, widened margin, optimized SG&A expenses, transform cash flow and a unified team culture. Our actions remain swift deliberate and impactful. Over the trailing 12 months, we transformed Mativ into an agile and more capable organization by holding firm to the following foundational priorities. First and foremost, we are an integral part of our customers' value proposition and the engine that powers their innovation efforts. Our highly engineered solutions are critical to our customers' success and our collaborative and co-creative relationships have never been more stronger. Usually, our solution is only a small portion of their final product's cost, but it is key to enabling its value and performance. Second, our rigorous cost-cutting initiatives yielded nearly $20 …
