Mativ Holdings, Inc. (NYSE:MATV) Q3 2022 Earnings Conference Call November 10, 2022 8:30 AM ET
Company Participants
Mark Chekanow - Director of Investor Relations
Julie Schertell - Chief Executive Officer
Andrew Wamser - Executive Vice President and Chief Financial Officer
Conference Call Participants
Mitra Ramgopal - Sidoti
Jon Tanwanteng - CJS Securities
Operator
Welcome to the Mativ's Third Quarter Earnings Conference Call. Hosting the call today for Mativ is Julie Schertell, Chief Executive Officer. She is joined by Andrew Wamser, Chief Financial Officer; and Mark Chekanow, Director of Investor Relations.
Today's call is being recorded and will be available for replay later this afternoon. At this time, all participants have been placed in a listen-only mode and the floor will be opened for your questions following the presentation. [Operator instructions]
It is now my pleasure to turn the floor over to Mr. Chekanow. Sir, you may begin.
Mark Chekanow
Thank you. Good morning. I'm Mark Chekanow, Director of Investor Relations at Mativ. Thank you for joining us to discuss our third quarter 2022 earnings results.
Before we begin, I'd like to remind you that the comments included in today's call include forward-looking statements. Actual results may differ materially from the results suggested by these comments for a number of reasons, which are discussed in more detail in our Securities and Exchange Commission filings, including our annual report on Form 10-K and our quarterly reports on Form 10-Q.
Some financial measures discussed during this call are non-GAAP financial measures. Reconciliations of these measures to the closest GAAP measures are included in the appendix of this presentation and the earnings release. Unless stated otherwise, financial and operations metric comparisons are to the prior year period and relate to continuing operations. The earnings release is available on our Web site at ir.mativ.com, as are the slides for today's presentation. You can download the slides and/or click through these slides at your own pace during the call using the webcast interface.
To clarify some aspects of how Mativ results were reported and how we will be discussing them, we would first remind everyone that the SWM and Neenah merger closed on July 06, 2022, thus the third quarter is our first quarter presenting combined results. Given the accounting treatment of the transaction, the SWM legal entity was the acquirer, and thus the financial results for periods prior to the third quarter of 2022 represent only those of legacy SWM. As a result, year-over-year comparisons reflect the addition of the Neenah operations, and typically resulted in large reported year-over-year increases in sales and profits. On today's call though, we will provide some comments referring to comparable performance to illustrate how our results compare to prior-year periods on a like-for-like basis, such as organic growth trends and margins. These figures are shown in tables in our earnings release and the appendix of this presentation.