Mativ Holdings, Inc. (MATV) SEC Filings & Earnings Calls

Tariff cost uncertainty

“The net impact of IEEPA tariff refund claims submitted and accepted by U.S. CBP as of June 30, 2026 was not significant.” · word for word

Volume decline in FAM segment

“FAM segment net sales decreased primarily due to lower volume/mix driven by filtration & netting and the impact from an exited facility.” · word for word

FAM segment organic sales decline of 0.1% indicates volume/mix weakness in filtration and netting

“FAM segment sales ... down 0.1% on an organic basis ... reflecting lower volume/mix in our Filtration & Netting business, including the impact from an exited facility” · word for word

High effective tax rate of 47% due to geographical earnings mix and valuation allowance on losses in certain jurisdictions

“Tax rate was 47% for the three months ended June 30, 2026, primarily driven by our geographical earnings mix and our inability to benefit from losses in certain jurisdictions that have a full valuation allowance” · word for word

High leverage

“Total debt $1,035.8M vs equity $472.3M, net debt to EBITDA covenant of 5.50x”

Interest rate exposure

“Weighted average effective interest rate 7.50%, with $175M floating rate revolver”

Foreign exchange risk

“Foreign currency translation loss of $8.8M in OCI”

Sales decline in SAS segment due to lower volume/mix; negative free cash flow despite improvement.

“SAS sales down 2.0% YoY; free cash flow -$7.4M.”

Increased share authorization may lead to dilution of existing shareholders.

“Approval of amendment to increase shares under equity plan.”

Increased financial leverage and covenant step-ups may pressure operations if EBITDA declines.

“Net Debt to EBITDA ratio covenant steps down from 5.00x to 4.00x; interest coverage steps up to 3.00x.”

Refinancing eliminates delayed draw term loan, reducing future flexibility.

“Amendment eliminates the delayed draw term loan facility.”

Loss of a key executive could disrupt operations or strategy.

“Group President resignation without named successor or transition plan.”

Management transition risk

“During 2025, the Company experienced a number of changes in its senior leadership.” · word for word

Leverage risk

“allowed us to reduce our net debt by over $60 million, resulting in significant progress in reducing our leverage.” · word for word

Net income loss

“Net Income ($ Millions) ... 2025 (337.4)”

Goodwill Impairment Risk

“during the first quarter of 2025, primarily in response to a sustained decline in the Company's share price, an interim quantitative goodwill impairment test was performed, which resulted in a goodwill impairment charge of $411.9 million.” · word for word

Tariff Exposure

“The implementation of tariffs or border taxes has increased our cost of goods sold, which in turn impacted our pricing and our financial performance.” · word for word

Raw Material Cost Volatility

“The cost of wood pulp...and some resins...are highly cyclical and can be more volatile than general consumer or producer inflationary changes.”

Chinese Competition

“We are starting to see increased competition for some of our FAM products from companies in China, which, we believe, may have lower operating costs than us, resulting in a potential price advantage for such companies.” · word for word

Anemic market demand and dynamic trade/macro policies

“We continue navigating an environment of anemic market demand and dynamic trade and macro-economic policies” · word for word

Tariff uncertainty and cost impact

“Increased tariffs by the United States have led and may continue to lead to the imposition of retaliatory tariffs by foreign governments.” · word for word

Goodwill impairment risk

“In the FAM segment, operating loss was $376.0 million during the nine months ended September 30, 2025 reflecting a $435.7 million decrease, compared to operating profit of $59.7 million in the prior year period primarily due to the $411.9 million goodwill impairment during the first quarter of 2025” · word for word

High leverage

“Per the terms of the Company's amended credit agreement, net leverage was 4.2x at the end of the third quarter, versus a current maximum covenant ratio of 5.50x.” · word for word