Thu, May 8, 8:13 PM (39 days ago)
**MATIV HOLDINGS, INC. (MATV) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $484.8M (down 3.1% YoY) - **FAM Segment:** $187.6M (down 7.4% YoY) - **SAS Segment:** $297.2M (down 0.1% YoY) - **Gross Profit:** $72.6M (down 13.6% YoY) - **Operating Loss:** $430.6M (vs. $13.8M loss in Q1 2024) - **FAM Segment:** $410.0M loss (vs. $14.6M profit in Q1 2024) - **SAS Segment:** $13.0M profit (up 8.8M YoY) - **Net Loss:** $425.5M (vs. $28.0M loss in Q1 2024) - **EPS:** -$7.82 (vs. -$0.52 in Q1 2024) **Key Metrics & Trends:** - **Goodwill Impairment:** $411.9M in FAM segment due to sustained decline in share price. - **Cash Flow:** Negative operating cash flow of $15.9M (vs. -$13.0M in Q1 2024). - **Debt:** $1,122.8M total debt, $84.0M cash, and $323.2M undrawn revolving credit. - **Liquidity:** Net leverage ratio of 4.7x (vs. 5.50x covenant limit). **Uncertainties & Future Operations:** - **Tariffs & Trade:** Uncertainty due to U.S. tariffs and potential retaliatory measures. - **Economic Conditions:** Sensitivity to economic fluctuations and end-market changes. - **Restructuring:** Ongoing organizational realignment and facility closures. - **Debt Maturity:** Significant debt maturities in 2027. **Management's Outlook:** - Focus on cost reduction, operational excellence, and strategic initiatives. - Monitoring liquidity, debt levels, and financial covenants. - Assessing dividend policy and potential share repurchases.