Mativ : First Quarter 2026 Earnings Conference Call Presentation

Published: 2026-05-07 09:08:14 ET MATV

Published on 05/07/2026 at 09:08 am EDT

Mativ First Ǫuarter 2026 Earnings Release Presentation

May 2026

Elevated Mativ's role from supplier to integral co-creator and engine for customer innovation

Unified sales force to leverage full Mativ portfolio to solve customers most complex challenges

Materially expanded commercial pipeline across both segments

Demonstrated both pricing agility to quickly offset input cost inflation and strategic pricing efforts to drive margin expansion over time

Strengthening Our Balance Sheet

Cash flow-centric culture transformation

Generated record free cash flow of $94 million in 2025

Capital spending discipline

Lowered capital expenditures to 2% of sales in 2025

Increased focus on cost control

Achieved nearly $20 million of cost savings in 2025

Lowered net leverage to 4.1x in Ǫ1 2026

De-risked balance sheet by simplifying capital structure in April debt refinancing

Optimizing Our Portfolio

Comprehensive portfolio review of facilities, products and assets

Ensure strategically balanced contribution of product lines

Closed underperforming facility in Wilson, NC

Reduced portfolio complexity by rationalizing SKUs

Prioritized RCD projects and resources geared towards highest return projects

Introduced new Strategic Blueprint that guides Mativ towards innovative, sustainable, and profitable growth

3

Key Accomplishments (2025 - Ǫ1 2026)

(: millions, except EPS)

Ǫ1 FY26

Ǫ1 FY25

Sales

$479.6

$484.8

Organic Sales

$479.6

$481.5

Organic % versus:

(0)%

Gross Profit

$84.9

$72.6

GAAP Loss

$(11.7)

$(425.5)

GAAP EPS

$(0.22)

$(7.82)

Adjusted EPS

$0.06

$(0.14)

Adjusted EBITDA

$47.5

$37.2

% versus:

+28%

% Margin

S.S%

7.7%

Sales were nearly flat organically year-over-year, driven by higher selling prices and favorable currency, partially offset by lower volume and mix

GAAP loss was $11.7 million, GAAP EPS was $(0.22)

Adjusted EBITDA was up 28% versus prior year, as favorable price versus input cost performance, lower manufacturing costs and favorable currency were partially offset by unfavorable volume

Adjusted EBITDA margin of 9.9%, up 220 basis points versus prior year

Free cash flow was a use of $(7) million, improving by more than $22 million versus prior year

Expect Ǫ2 adjusted EBITDA to be down a mid-single digit percentage compared to a strong prior year, primarily due to lower volumes, with favorable price to input cost ratio, continued operational improvements, and SGCA savings to provide an offset

Ǫ1 Consolidated Results

Net Sales Adj. EBITDA

Ǫ1 FY25 Volume/Mix

Price

Currency

Ǫ1 FY26

Ǫ1 FY25 Volume/Mix Price/Cost

Mfg. Costs

C Other

Ǫ1 FY26

Ǫ1 Consolidated Results Variances

FAM

(: millions)

Ǫ1 FY26

Ǫ1 FY25

Sales

$188.3

$187.6

Organic Sales

$188.3

$184.3

% versus:

+2%

Gross Profit

$39.7

$32.1

Adj. EBITDA

$27.4

$19.4

% versus:

+41%

% Margin

14.C%

10.3%

Sales

$291.3

$297.2

% versus:

(2)%

Gross Profit

$45.2

$40.5

Adj. EBITDA

$30.7

$26.5

% versus:

+1C%

% Margin

10.5%

8.S%

Unallocated GAAP Op. Expense

$(14.6)

$(22.9)

Unallocated Adj. EBITDA

$(10.6)

$(8.7)

FAM Sales were up more than 2%, reflecting favorable currency translation and slightly higher selling prices, partially offset by lower volume/mix, including the impact from an exited facility

FAM Adjusted EBITDA and margin increased 41% and 430 basis points, respectively, as lower manufacturing costs, favorable currency, lower SGCA expenses and favorable price versus cost performance were partially offset by lower volume/mix

SAS

SAS Sales were down 2%, as lower volume/mix was partially offset by favorable currency translation and higher selling prices

SAS Adjusted EBITDA and margin increased 16% and 160 basis points, respectively, as favorable price versus cost performance and lower SGCA expenses were partially offset by lower volume/mix

Ǫ1 Segment Results

Appendix

Non-GAAP Reconciliation: Segment Reporting

Non-GAAP Reconciliation: Segment Reporting (cont.)

Non-GAAP Reconciliation: Consolidated Reported Results

Disclaimer

Mativ Holdings Inc published this content on May 07, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 07, 2026 at 13:07 UTC.