Financial, Nonwovens News

Mativ Announces Financial Results

Filtration & Advanced Materials segment sales fall 7.4%

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By: Tara Olivo

Associate Editor at Nonwovens Industry

Mativ’s sales of $484.8 million decreased 3.1% year over year, and 0.2% on an organic basis.

Filtration & Advanced Materials (FAM) segment sales, comprised primarily of filtration media and components, advanced films, coating and converting solutions, and extruded mesh products, were $187.6 million, down 7.4% versus the prior year period, reflecting lower volume/mix, lower selling prices and unfavorable currency translation.

Sustainable & Adhesive Solutions (SAS) segment sales, comprised primarily of tapes, labels, liners, specialty paper, packaging and healthcare solutions, of $297.2 million were up 5.7% on an organic basis, and down 0.1%, on a reported basis, versus the prior year period, as higher volume across all product categories and higher selling prices were offset by sales associated with closed and divested plants and unfavorable currency translation.

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