US company Mativ’s sales drop 3.1% in Q1 FY25

Mativ reported Q1 FY25 sales of $484.8 million, down 3.1 per cent year-over-year, with adjusted EBITDA of $37.2 million, down 19 per cent.
Losses were driven by higher costs, lower volume/mix in FAM, and unfavourable pricing.
CEO Shruti Singhal outlined a strategic shift focusing on commercial execution, de-leveraging, and portfolio review.