Mativ Holdings, Inc. (MATV) reported Q2 EPS of $0.86, $0.07 worse than the analyst estimate of $0.93. Revenue for the quarter came in at $426.4 million versus the consensus estimate of $394.5 million.
Business Outlook:
The Company expects Adjusted EBITDA for the second half of 2022 to be in the range of $210 to $230 million. Due to the complexities of projecting certain financial data and required purchase accounting expense analyses (primarily valuation of intangible assets) for the post-merger combined company, the Company is not able to estimate GAAP Income for the second half of 2022 and provide the associated Adjusted EBITDA reconciliation without unreasonable effort.