During the third quarter, the company did not repurchase shares. The Company intends to repurchase shares periodically and opportunistically to offset dilution due to stock compensation.

Conference Call

Mativ will hold a conference call to review third quarter 2024 results with investors and analysts at 8:30 a.m. Eastern time on Thursday, November 7, 2024. The earnings conference call will be simultaneously broadcast over the Internet at http://ir.mativ.com. To listen to the call, please go to the Company's website at least 15 minutes prior to the call to register and to download and install any necessary audio software. For those unable to listen to the live broadcast, a replay will be available on the Company's website shortly after the call.

About Mativ

Mativ Holdings, Inc. is a global leader in specialty materials, solving our customers' most complex challenges by engineering bold, innovative solutions that connect, protect and purify our world. Headquartered in Alpharetta, Georgia, we manufacture on three continents and generate sales in over 100 countries through our family of business-to-business and consumer product brands. The company's two operating segments, Filtration & Advanced Materials and Sustainable & Adhesive Solutions, target premium applications across diversified and growing categories. Our broad portfolio of technologies combines polymers, fibers and resins to optimize the performance of our customers' products across multiple stages of the value chain. Our leading positions are a testament to our best-in-class global manufacturing, supply chain and materials science capabilities. We drive innovation and enhance performance, finding potential in the impossible.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") that are subject to the safe harbor created by that Act and other legal protections. Forward-looking statements include, without limitation, those regarding EPS and other financial guidance, acquisition integration and performance, growth prospects, future end-market trends, future macro-economic trends, the future effects of supply chain challenges and price increases, future cash flows, net leverage, purchase accounting impacts, effective tax rates, planned investments, profitability, and cash flow, the expected benefits of the Neenah merger and integration, whether the strategic benefits and accretion of the sale of the Company's Engineered Papers business can be achieved, the expected benefits, of our organizational restructuring, our ability to execute our growth strategy for 2024, and integration and other statements generally identified by words such as "believe," "expect," "intend," "guidance," "plan," "forecast," "potential," "anticipate," "confident," "project," "appear," "future," "should," "likely," "could," "may," "will," "typically," and similar words. In addition, the amount of the goodwill impairment charge previously announced is based in part on estimates of future performance, so this announcement should also be considered a forward-looking statement.

These forward-looking statements are prospective in nature and not based on historical facts, but rather on current expectations and on numerous assumptions regarding the business strategies and the environment in which Mativ will operate in the future and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements. No assurance can be given that such expectations will prove to have been correct and persons reading this presentation are therefore cautioned not to place undue reliance on these forward-looking statements which speak only as at the date of this press release. These statements are not guarantees of future performance and involve certain risks and uncertainties, and assumptions that may cause actual results to differ materially from our expectations as of the date of this release. These risks include, among other things, the following factors:

   -- Risks associated with the implementation of our strategic growth 
      initiatives, including diversification, and the Company's understanding 
      of, and entry into, new industries and technologies; 
 
   -- Risks associated with acquisitions, dispositions, strategic transactions 
      and global asset realignment initiatives of Mativ, including the recent 
      EP divestiture; 
 
   -- Adverse changes in our end-market sectors impacting key customers; 
 
   -- Changes in the source and intensity of competition in our commercial 
      end-markets; 
 
   -- Adverse changes in sales or production volumes, pricing and/or 
      manufacturing costs; 
 
   -- Seasonal or cyclical market and industry fluctuations which may result in 
      reduced net sales and operating profits during certain periods; 
 
   -- Risks associated with our technological advantages in our intellectual 
      property and the likelihood that our current technological advantages are 
      unable to continue indefinitely; 
 
   -- Supply chain disruptions, including the failure of one or more material 
      suppliers, including energy, resin, fiber, and chemical suppliers, to 
      supply materials as needed to maintain our product plans and cost 
      structure; 
 
   -- Increases in operating costs due to inflation and continuing increases in 
      the inflation rate or otherwise, such as labor expense, compensation and 
      benefits costs; 
 
   -- Our ability to attract and retain key personnel, labor shortages, labor 
      strikes, stoppages or other disruptions; 
 
   -- Changes in general economic, financial and credit conditions in the U.S., 
      Europe, China and elsewhere, including the impact thereof on currency 
      exchange rates (including any weakening of the Euro) and on interest 
      rates; 
 
   -- A failure in our risk management and/or currency or interest rate swaps 
      and hedging programs, including the failures of any insurance company or 
      counterparty; 
 
   -- Changes in the manner in which we finance our debt and future capital 
      needs, including potential acquisitions; 
 
   -- Changes in tax rates, the adoption of new U.S. or international tax 
      legislation or exposure to additional tax liabilities; 
 
   -- Uncertainty as to the long-term value of the common stock of Mativ; 
 
   -- Changes in employment, wage and hour laws and regulations in the U.S. and 
      elsewhere, including the unionization rules and regulations by the 
      National Labor Relations Board, equal pay initiatives, additional 
      anti-discrimination rules or tests and different interpretations of 
      exemptions from overtime laws; 
 
   -- The impact of tariffs, and the imposition of any future additional 
      tariffs and other trade barriers, and the effects of retaliatory trade 
      measures; 
 
   -- Existing and future governmental regulation and the enforcement thereof 
      that may materially restrict or adversely affect how we conduct business 
      and our financial results; 
 
   -- Weather conditions, including potential impacts, if any, from climate 
      change, known and unknown, and natural disasters or unusual weather 
      events; 
 
   -- International conflicts and disputes, such as the ongoing conflict 
      between Russia and Ukraine, the war between Israel and Hamas and the 
      broader regional conflict in the Middle East, which restrict our ability 
      to supply products into affected regions, due to the corresponding 
      effects on demand, the application of international sanctions, or 
      practical consequences on transportation, banking transactions, and other 
      commercial activities in troubled regions; 
 
   -- Compliance with the FCPA and other anti-corruption laws or trade control 
      laws, as well as other laws governing our operations; 
 
   -- Risks associated with pandemics and other public health emergencies, 
      including the COVID-19 pandemic and its variant strains; 
 
   -- The number, type, outcomes (by judgment or settlement) and costs of legal, 
      tax, regulatory or administrative proceedings, litigation and/or amnesty 
      programs; 
 
   -- Increased scrutiny from stakeholders related to environmental, social and 
      governance ("ESG") matters, as well as our ability to achieve our broader 
      ESG goals and objectives; 
 
   -- Costs and timing of implementation of any upgrades or changes to our 
      information technology systems; 
 
   -- Failure by us to comply with any privacy or data security laws or to 
      protect against theft of customer, employee and corporate sensitive 
      information; 
 
   -- The impact of cybersecurity risks related to breaches of security 
      pertaining to sensitive Company, customer or vendor information, as well 
      as breaches in the technology that manages operations and other business 
      processes; and 
 
   -- Other factors described elsewhere in this document and from time to time 
      in documents that we file with the U.S. Securities and Exchange 
      Commission (the "SEC"). 

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