Mativ reports Q2 adjusted EPS 33c vs 34c last year

Reports Q2 revenue $525.4M vs $523.8M last year. “We delivered solid results within both FAM and SAS segments and across the enterprise,” said Shruti Singhal, Mativ (MATV) President and CEO. “Mativ’s second quarter results reflect a year over year growth in adjusted EBITDA as well as a significant sequential quarterly increase in both adjusted EBITDA and free cash flow. Organic volume increases in our SAS segment together with disciplined cost and expense control led the year-over-year improvement in adjusted EBITDA, and our focus on cash flow and working capital optimization produced our second-highest cash flow quarter as Mativ.