Mativ Holdings, Inc. (NYSE:MATV) shares 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 …