Mativ Second Quarter 2024 Highlights *Sales of $523.8 million increased 4.7% sequentially versus Q1 2024 reflecting volume improvement, and decreased 0.5% versus the prior year *GAAP loss was $1.4 million, GAAP EPS was $(0.03), which included organizational realignment, impairment, divestiture and purchase accounting expenses. Chief Executive Officer Julie Schertell commented, "We are pleased to report that our second quarter results reflect strong adjusted EBITDA and margin growth, both on a year-over-year basis, as well as sequentially. This was driven by strong relative net selling price vs. input cost performance, increased volume and improved operating performance. We are confident in our ability to deliver strong adjusted EBITDA improvement on a year-over-year basis for the remaining quarters of 2024.”

The forest sector is a lifeline for communities across the country and an important pillar of Canada’s economy. In the face of unjust U.S. trade measures, the Government of Canada is taking decisive action to support the forest sector, protect workers and their jobs, and give Canadian companies the stability they need to weather short-term shocks and retool for a stronger, more diversified future. In August 2025, Prime Minister Mark Carney announced a series of new measures to help the forest sector transform and remain competitive. These measures will help unlock the full potential of our industry as the federal government scales up housing and major infrastructure construction and drives long-term economic growth, rooted in Canadian resources and innovation. Today, the Government of Canada is taking the next step to support and retool our forest sector. The Honourable Tim Hodgson, Minister of Energy and Natural Resources, launched a national Calls for Proposals under Natural Resources Canada’s forest sector transformation programs, supported by a $500-million commitment. Canada’s forest sector is a major economic driver, supporting nearly 200,000 workers, including over 11,000 Indigenous people and contributing more than $20 billion to our GDP.

Clearwater Paper Corporation announced the launch of Circa™ paperboard, a new line of coated recycled board (CRB) for folding carton and carrier applications in the United States, developed through a strategic collaboration with Greenpaper, a global producer of 100% recycled fiber paperboard. Made from 100% recycled fiber, Circa paperboard supports customers’ sustainability goals while maintaining the strength and performance required across a wide range of packaging applications. Greenpaper produces paperboard on its newly-reinvested state-of-the-art recycled paper machine using a circular manufacturing model that incorporates post-consumer materials into new packaging solutions. Productora de Papel, S.A. de C.V., doing business as Greenpaper, is a privately held paper and packaging company with more than 80 years of experience and over 360,000 tons of annual production capacity. Based in Monterrey, Mexico, Greenpaper specializes in 100% recycled paperboard grades, including CRB, Carrier and URB, as well as containerboard products such as liner, medium and white-top liner, and corrugated packaging solutions.