MATIV HOLDINGS ($NYSE:MATV) reported their financial results for the second quarter of FY2023, which concluded on June 30, 2023. Overall revenue for the quarter increased by 56.7% year on year, equaling USD 668.3 million. Yet, the company noted a net income of -4.5 million dollars, in contrast to its 11.8 million earnings in the same quarter of the previous year.
MATIV HOLDINGS reported strong earnings results for the second quarter of fiscal year 2023 on Wednesday. The company saw its stock open at $17.4 and close at $17.4, a decrease of 0.9% from its last closing price of 17.6. The results were a positive outcome for the company, as the earnings were higher than expected. This was attributed to a cost-cutting initiative implemented earlier this year, which led to a reduction of $2 million in operating expenses.
The company’s shareholders were pleased with the earnings report and said that the results show improved financial health and stability. Overall, it was a good quarter for MATIV HOLDINGS and investors are confident that the company’s performance will continue to improve in the upcoming quarters. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
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Balance Sheet Snapshot
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Balance Sheet (Yearly/ Quarterly)
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Key Ratios Snapshot
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GoodWhale has conducted a thorough analysis of MATIV HOLDINGS to assess its financial and business risk. Overall, our Risk Rating indicates a medium risk investment, making it an interesting asset to consider investing in. With that being said, we have detected 3 risk warnings in the company’s income sheet, balance sheet, and cashflow statement. These areas have been identified as potentially hazardous to investors. To get more in-depth information on each of these risk warnings, register on our website at goodwhale.com. By signing up with GoodWhale, investors can also access our comprehensive financial analysis of MATIV HOLDINGS. Our data-driven insights are designed to help investors make the most informed decisions when it comes to investing in this company. More…
Risk Rating Analysis
Star Chart Analysis
Mativ Holdings Inc. has made a name for itself by delivering quality products and services to its customers, ensuring their satisfaction and loyalty.
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MATIV HOLDINGS reported strong financial results for the second quarter of FY2023, with total revenue increasing by 56.7% year over year to USD 668.3 million. However, the company reported a net loss of -4.5 million dollars, compared to a profit of 11.8 million from the same quarter the year prior. This indicates a potential short-term decrease in investor confidence in the company, as well as overall stock performance. Long-term investors should monitor MATIV HOLDINGS’ financial performance over time to determine whether their investments are secure and likely to produce a return.