Mativ Holdings, Inc. announced its fourth quarter and full year 2024 financial results. For Q4 2024, consolidated net sales were $458.6 million, and the company reported a net income of $1.5 million.
The Sustainable & Adhesive Solutions (SAS) segment delivered strong Q4 results, with organic revenue growth of almost 13% and adjusted EBITDA increasing approximately 8% to $35.8 million. This growth was driven by higher volumes across all product categories and favorable distribution costs.
The Filtration & Advanced Materials (FAM) segment faced mixed results in Q4, with sales of $167.8 million, down 7.8% year-over-year, and adjusted EBITDA decreasing 29% to $26.3 million. Challenges in advanced films, particularly paint protection films, were noted, though optical and medical films saw combined revenues up almost 30% in Q4.
For the full year 2024, Mativ reported total revenue of US$1.98 billion, a decrease of 2.2% from fiscal year 2023. Year-to-date 2024 cash provided by operating activities was $94.8 million, and net debt stood at $995.0 million as of December 31, 2024. The company announced a quarterly cash dividend of $0.10 per share, payable on March 28, 2025.
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