Mativ (MATV) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Fri, May 8, 2026 astatine 11:07 AM CDT 28 min read

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DATE

Thursday, May 7, 2026 astatine 8:30 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Shruti Singhal

• Chief Financial Officer — Scott Minder

• Operator

Full Conference Call Transcript

Shruti Singhal: Thanks, Chris. Good morning, everyone, and convey you for joining our call. We admit your clip and your continued involvement successful Mativ. I americium delighted to stock our fiscal results, supply operational updates and formally present the adjacent signifier of our strategical evolution. Before we sermon the Q1 performance, I would similar to intermission and bespeak connected a meaningful milestone. This marks my archetypal afloat twelvemonth arsenic Mativ's CEO. Looking backmost astatine the past 12 months, I americium profoundly inspired by our planetary workforce's resilience, adaptability and unwavering commitment. Having navigated analyzable macroeconomic and much recently, geopolitical landscapes, the translation we initiated a twelvemonth agone is bearing fruit, placing america connected a firmer instauration today.

The taste displacement driven crossed the enactment fundamentally altered our operational DNA. We are nary longer reacting to the market. We are actively shaping our outcomes and focusing aggressively connected things we tin control. This pivot is evident enterprise-wide, widened margin, optimized SG&A expenses, alteration currency travel and a unified squad culture. Our actions stay swift deliberate and impactful. Over the trailing 12 months, we transformed Mativ into an agile and much susceptible enactment by holding steadfast to the pursuing foundational priorities. First and foremost, we are an integral portion of our customers' worth proposition and the motor that powers their innovation efforts.

Our highly engineered solutions are captious to our customers' occurrence and our collaborative and co-creative relationships person ne'er been much stronger. Usually, our solution is lone a tiny information of their last product's cost, but it is cardinal to enabling its worth and performance. Second, our rigorous cost-cutting initiatives yielded astir $20 cardinal successful realized savings crossed SG&A, operations and procurement successful 2025. And our 2026 outgo savings people of $15 cardinal to $20 cardinal is proceeding connected schedule. The assertive steps we are taking, simplifying operational workflows, removing bottlenecks and cutting inefficiencies, straight interaction our bottommost line. Third, we made important advancement successful our delevering efforts, enabled by improved nett margins and currency travel generation.

In aboriginal April, we successfully refinanced the bulk of our indebtedness tranches. Scott volition stock much details but this transaction solidified and simplified our superior structure, derisked our equilibrium expanse and enhanced Mativ's fiscal flexibility. Lastly, a twelvemonth ago, we announced a strategical portfolio reappraisal of our assets and concern lines to amended equilibrium the publication of our merchandise categories crossed a assortment of fiscal and marketplace dimensions. As a result, we took decisive actions connected facilities, products and assets. We optimized our operational footprint by closing an underperforming works successful Wilson, North Carolina. We successfully streamlined our SKUs to trim complexity and amended proviso concatenation efficiency.