Mattr Corp Stock Price, News & Analysis

Mattr Corp. (TSX: MATR) held its Annual Meeting on May 15, 2025, with 69.87% of outstanding shares represented through 43,559,302 common shares voted. Shareholders demonstrated strong support by approving all items of business, including the election of all director nominees with overwhelming majority votes ranging from 98.26% to 99.93%. CEO Mike Reeves highlighted the company's positive trajectory, citing expansion of production facilities, strong adoption of new technologies, and growth opportunities from the AmerCable acquisition. Mattr operates through two segments - Connection Technologies and Composite Technologies - focusing on critical infrastructure markets including transportation, communication, water management, energy, and electrification.

Mattr Corp. (MTTRF) reported strong Q1 2025 results, highlighted by the completion of AmerCable acquisition for US$283 million. The company delivered consolidated revenue of $343 million, net income of $53 million, and Adjusted EBITDA of $54 million. Continuing Operations revenue reached $320 million, an 80% increase YoY. The Connection Technologies segment saw revenue increase by 106% to $187 million, while Composite Technologies segment revenue grew 11% to $133 million. Despite strong Q1 performance, management expects Q2 2025 revenue and Adjusted EBITDA to decline sequentially due to uncertain global trade conditions and macro-economic challenges. The company committed $11.6 million to new capital expenditures and repurchased approximately 1.0 million shares for $11 million under its NCIB program.

Mattr Corp. (TSX: MATR) has announced its upcoming Annual Meeting scheduled for May 15, 2025, at 2:00pm EDT. The meeting will be held in a hybrid format, accessible both in-person at the Marriott Markham's Rouge Room and via live webcast.

The administrative-only meeting will allow registered shareholders to attend, ask questions, and vote either through the webcast or in person. The company is implementing 'notice-and-access' provisions under NI 54-101 for meeting materials, reducing physical mailings by posting proxy-related materials online.

Prior to the Annual Meeting, Mattr will host its Q1 2025 earnings call at 9:00am EDT on the same day. The company operates through two business segments: Composite Technologies and Connection Technologies, serving critical infrastructure markets including transportation, communication, water management, energy, and electrification.

Mattr Corp. (TSX: MATR) reported its Q4 and full-year 2024 results, with consolidated revenue of $960 million and a net loss of $4 million. The company's Adjusted EBITDA was $131 million, with diluted loss per share of (0.06) and adjusted EPS of $0.69.

Key highlights include:

• Continuing Operations revenue of $885 million with operating income of $40 million
• Q4 revenue from Continuing Operations at $208 million with operating loss of $9 million
• Acquisition of AmerCable for US$280 million completed January 2025
• Company maintains strong liquidity with $502 million in cash and cash equivalents
• Share repurchase of 3.3 million common shares for $48 million

The company's transformation efforts included establishing new US manufacturing facilities and completing strategic acquisitions. Management expects meaningful year-over-year growth in Adjusted EBITDA, Operating Cash Flow, and Adjusted EPS for 2025, supported by strong demand across electrification, mineral extraction, retail fueling, and water management markets.

Mattr Corp (TSX: MATR) has announced its financial reporting schedule through Q4 2025. The company will release quarterly financial results after TSX market close, followed by conference calls/webcasts at 9:00am ET the next day. The schedule includes: Q4 2024 results on March 13, 2025; Q1 2025 on May 14; Q2 2025 on August 13; Q3 2025 on November 12; and Q4 2025 on March 12, 2026.

Mattr, a materials technology company serving critical infrastructure markets, will provide presentation materials on its website prior to each earnings call. The company operates through two segments: Composite Technologies and Connection Technologies, focusing on infrastructure renewal and enhancement.

Mattr Corp. (TSX: MATR) has completed its acquisition of AmerCable Incorporated from Nexans USA Inc. for US$280 million. The acquisition integrates AmerCable into Mattr's Connection Technologies reporting segment, establishing Mattr's presence in US wire and cable manufacturing.

AmerCable specializes in manufacturing highly engineered low and medium voltage electrical power, control, and instrumentation cables for harsh environments. The company serves critical infrastructure sectors, including mineral extraction, renewable power generation, general industrial, and energy markets.

The acquisition expands Mattr's existing Shawflex branded products portfolio, strengthening its position as a premier provider of engineered wire and cable technologies across North America. Mattr operates through two business segments: Composite Technologies and Connection Technologies, focusing on critical infrastructure markets including transportation, communication, water management, energy, and electrification.

Mattr Corp. (TSX: MATR) has announced two significant developments: First, the expiration of the HSR Act waiting period for its planned US$280 million acquisition of AmerCable from Nexans USA Inc., with the transaction expected to close around January 2, 2025. Second, following this regulatory approval, the company confirmed the conversion of its previously announced 125,000,000 debt subscription receipts into 7.25% senior unsecured notes due April 2, 2031.

AmerCable specializes in manufacturing engineered electrical power, control, and instrumentation cables for harsh environments, serving critical infrastructure sectors including mineral extraction, renewable power generation, and energy markets. The net proceeds from the debt offering will partially fund the AmerCable acquisition.

Mattr Corp. (TSX: MATR) has successfully closed its private offering of debt subscription receipts, raising gross proceeds of approximately $129.3 million. The proceeds will partially fund the acquisition of AmerCable Incorporated, expected to close in Q1 2025. The offering consists of 125,000,000 subscription receipts, which will convert into 7.25% senior unsecured notes due April 2, 2031. Upon conversion, the total outstanding notes will amount to $300 million. The offering was conducted through TD Securities and National Bank Financial Markets, targeting accredited investors in Canada and qualified institutional buyers in the US under Rule 144A.

Mattr Corp (TSX: MATR) has issued a correction to its earlier press release regarding the pricing of debt subscription receipts. The yield to maturity on 125,000 Subscription Receipts has been corrected from 6.375% to 6.735%.

The company is selling these receipts at $1,018.75 per unit through a private placement offering, generating approximately $129.3 million in gross proceeds. Each receipt will convert into a 7.25% senior unsecured note due April 2, 2031. The proceeds will partially fund the acquisition of AmerCable Incorporated, expected to close in Q1 2025.

The offering, led by TD Securities and National Bank Financial Markets, is available to accredited investors in Canada and qualified institutional buyers in the US under Rule 144A. The closing is anticipated around December 19, 2024.