Mativ Holdings reported its highest quarterly adjusted EBITDA since its formation, with second-quarter 2026 adjusted EBITDA rising nearly 12% year over year to $75 million and margin expanding 130 basis points to 14.1%. Net sales grew more than 1% to $532 million, while free cash flow increased to $60 million from $49 million a year earlier. Net debt fell $61 million sequentially to $908 million, and leverage improved to 3.8 times. A tornado damaged a third-party distribution center in Wisconsin, which is expected to reduce third-quarter sales by $20 million to $25 million, though insurance is expected to substantially offset the financial impact.
Mativ Holdings Inc.Record adjusted EBITDA, margin expansion, and improved leverage are positive financial results.
