Mativ Announces Third Quarter 2022 Results
Mativ Third Quarter 2022 Highlights: *Sales increased 76% to $674.1 million with 12% constant currency organic sales growth, or 7% organic growth including negative currency impacts; strong sales growth in release liners, protective solutions, filtration, and paper and specialty packaging led the portfolio *GAAP EPS was $(0.43), and included significant expenses related to the Neenah merger closing and integration; Adjusted EPS was $0.74 *GAAP Operating Loss was $13.9 million; Adjusted Operating Profit was $65.5 million, up 24% on a comparable basis (see non-GAAP reconciliation) *Pricing actions across the Company driving top-line gains and offsetting raw material cost increases, with margin expansion across most categories