The following is a summary of the Mativ Holdings, Inc. (MATV) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Q2 adjusted EBITDA reached $67 million, up 45% from the previous quarter and 13% year-over-year, with significant growth driven by the SaaS segment.

• Adjusted EBITDA margin increased by 350 basis points sequentially and 150 basis points year-over-year.

• Consolidated net sales for the quarter were $523 million, with volume up almost 2% and selling prices down 2% due to input cost deflation.

Business Progress:

• Implemented major operational improvements and restructuring that led to expected savings of $20 million.

• Launched new products including a high-efficiency water filtration product and a commitment from a major automotive technology company to provide wire tape solutions.

• Made investments to provide expanded capacity and new technology in both the filtration and automotive tape businesses.

Opportunities:

• Improved quality and service levels leading to volume increase agreements with major customers in films, filtration, and healthcare segments.

• Entered into long-term customer agreements potentially increasing volume by more than 10%.

Risks:

• Mentioned the continued market instability causing customer caution in building inventory.

• The general contraction of the global PMI metric indicates broader market challenges.

More details: Mativ IR

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