Why Mativ Holdings Shares Are Jumping Today

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Mativ Holdings, Inc. (NYSE:MATVshares are rising on Thursday.

The company reported fourth-quarter adjusted earnings per share of 23 cents, beating the analyst consensus of 14 cents. Quarterly revenue of $452.30 million missed the street view of $461.05 million. Sales fell 13.7% year over year, reflecting lower volumes.

Adjusted EBITDA was $50.0 million, down 20% versus the prior year, as impacts from lower volumes more than offset net benefits of price/input costs and …

Full story available on Benzinga.com


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