Mativ reports Q3 adjusted EPS 39c vs 21c last year

Reports Q3 revenue $513.7M vs $498.5M last year. “We delivered one of our strongest quarters since the formation of Mativ (MATV) three years ago,” said Shruti Singhal, Mativ President and CEO. “With our highest adjusted EBITDA margin and second-highest free cash flow delivery, our third quarter results reflect significant improvements both sequentially and year over year. The main drivers of our performance versus prior year were organic volume increases in both segments and disciplined price versus input cost management.