Earnings Labs

Mativ Holdings, Inc. (MATV)

Q3 2008 Earnings Call· Thu, Nov 20, 2008

$9.48

-2.67%

Key Takeaways · AI generated
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Transcript

Operator

Operator

Good morning. My name is Adriane and I will be your conference operator today. At this time, I would like to welcome everyone to the Schweitzer-Mauduit International conference call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. (Operator instructions) Thank you, Mr. Wetche, you may begin your conference.

Torben Wetche

Analyst

Thank you, Adriane. Good morning, my name is Torben Wetche, thank you for joining us for a review of our third quarter 2008 financial results which were filed with the United States Securities and Exchange Commission on Form 10-Q yesterday evening. I will be leading our conference call today. I have been the CFO for Schweitzer-Mauduit since August 11, 2008. Prior to this, I was Chief Financial Officer for Performance Fibers, a $1 billion global high tenacity fiber manufacturer owned by a private equity company. I have spent more than 60% of my time so far with Schweitzer-Mauduit learning the business through visits with our key managers and travels to our mills in the US, Brazil and France. I have had several meetings with our banks, investors in New York and Boston and I would like to say that I continue to be very excited about having joined Schweitzer-Mauduit. With me today is Mark Spears, our Corporate Controller. Various comments or remarks that we may make during today’s conference call constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from the results suggested by these statements for a number of reasons. Such factors are discussed in more detail in the company’s Securities and Exchange Commission reports including the company’s 2007 Annual Report. Certain financial measures that will be discussed during this call exclude restructuring expenses. Financial measures which exclude this item have not been determined in accordance with accounting principles generally accepted in the United States and are therefore non-GAAP financial measures. I will now review the highlights of the third quarter 2008 before providing additional discussion of key factors impacting our 2008 full year. Our third quarter 2008 net income totaled $6.7 million compared with a net loss…