MATV Q2 2018 Earnings Report — Mativ Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Mativ Holdings, Inc.MATV

Q2 2018 Earnings

Reported August 1, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2018	Q1 2018	Q2 2017	QoQ Change	YoY Change
Revenue	$270M	—	$255M	—	5.9%
Op. Income	$42M	—	$40M	—	6.6%
Gross Margin	28.6%	—	30.0%	—	-1.4pp
Net Margin	9.5%	—	8.7%	—	0.8pp
EPS (Diluted)	$0.83	—	$0.72	—	15.3%
Free Cash Flow	$26M	—	$23M	—	14.4%

Revenue Flow

Item	Amount
REVENUE	$270M
Cost of Revenue	$193M
GROSS PROFIT	$77M
R&D Expenses	$4M
Selling & Marketing	$9M
General & Administrative	$21M
SG&A Expenses	$31M
Other Expenses	$0
Operating Expenses	$35M
Cost & Expenses	$228M
OPERATING INCOME	$42M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$35M
Income Tax Expense	$9M
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$26M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$15M
EBIT	$42M
EBITDA	$57M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$270M
Cost of Revenue	$193M
GROSS PROFIT	$77M
R&D Expenses	$4M
Selling & Marketing	$9M
General & Administrative	$21M
SG&A Expenses	$31M
Other Expenses	$0
Operating Expenses	$35M
Cost & Expenses	$228M
OPERATING INCOME	$42M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$35M
Income Tax Expense	$9M
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$26M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$15M
EBIT	$42M
EBITDA	$57M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$26M
Depreciation & Amortization	$15M
Stock-Based Compensation	$1M
Deferred Income Tax	$2M
Other Non-Cash Items	$3M
Change in Working Capital	-$12M
OPERATING CASH FLOW	$34M
Capital Expenditure	-$8M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$100.0K
NET CASH FROM INVESTING	-$8M
Net Debt Issuance	-$32M
Common Stock Repurchased	-$200.0K
Common Dividends Paid	-$13M
Other Financing Activities	$700.0K
NET CASH FROM FINANCING	-$45M
FREE CASH FLOW	$26M
Net Change in Cash	-$22M

Balance Sheet

Item	Amount
Cash & Equivalents	$74M
Short-Term Investments	$0
Net Receivables	$160M
Inventory	$154M
Other Current Assets	$19M
TOTAL CURRENT ASSETS	$406M
PP&E (Net)	$347M
Goodwill	$340M
Intangible Assets	$285M
Long-Term Investments	$67M
Tax Assets	$600.0K
Other Non-Current Assets	$40M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.5B
Account Payables	$61M
Short-Term Debt	$3M
Deferred Revenue	$3M
Other Current Liabilities	$6M
TOTAL CURRENT LIABILITIES	$136M
Long-Term Debt	$640M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$46M
Other Non-Current Liabilities	$121M
TOTAL NON-CURRENT LIABILITIES	$806M
TOTAL LIABILITIES	$943M
Common Stock	$3M
Additional Paid-In Capital	$69M
Retained Earnings	$582M
Treasury Stock	$0
Accum. Other Comp. Income	-$112M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$543M
Minority Interest	$0
TOTAL EQUITY	$543M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$643M
Net Debt	$569M