Mativ Reports Quarterly Results

Mativ’s full year 2024 sales of $1.98 billion decreased 2.2% year over year, and 1% on an organic basis. In the fourth quarter of 2024, sales of $458.6 million increased 1.4% year over year, and 4.3% on an organic basis.

In the fourth quarter, Filtration & Advanced Materials (FAM) segment sales, comprised primarily of filtration media and components, advanced films, coating and converting solutions and extruded mesh products, were $167.8 million, down 7.8% versus the prior year period, as stable volumes in filtration were more than offset by lower volumes in advanced films and netting and lower selling prices across the segment. Sustainable & Adhesive Solutions (SAS) segment sales, comprised primarily of tapes, labels, liners, specialty paper, packaging and healthcare solutions, of $290.8 million were up 7.5%, and 12.8% on an organic basis, versus the prior year period, as higher volumes across all product categories and higher selling prices were partially offset by sales associated with closed and divested plants.