Mattr Included in 2024 TSX30
Mattr Corp. (TSX: MATR) has been included in the TSX30 for 2024, ranking sixteenth among top-performing stocks on the Toronto Stock Exchange.
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Rhea-AI Summary
Mattr Corp. (TSX: MATR) has been included in the TSX30 for 2024, ranking sixteenth among top-performing stocks on the Toronto Stock Exchange. The company achieved a 183% dividend-adjusted share price appreciation and a 166% increase in market capitalization over the past three years. This marks Mattr's second consecutive year on the list.
CEO Mike Reeves attributes the success to employee efforts in executing the company's high-margin growth strategy. Mattr has invested heavily in 2023 and 2024 to grow its core businesses organically while pursuing strategic acquisitions and returning capital to shareholders through a normal course issuer bid.
Mattr is a global materials technology company serving critical infrastructure markets, operating through two business segments: Composite Technologies and Connection Technologies.
Positive
- Ranked 16th in the TSX30 for 2024, indicating strong stock performance
- 183% dividend-adjusted share price appreciation over 3 years
- 166% increase in market capitalization over 3 years
- Second consecutive year included in the TSX30 list
- Focused on high-margin growth strategy
- Investing in organic growth of core businesses
- Pursuing strategically aligned, accretive inorganic opportunities
- Returning capital to shareholders through normal course issuer bid
Negative
- None.
Details
News Market Reaction – MTTRF
The recorded move for MTTRF in the trading session of this news was -0.46%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TORONTO, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Mattr Corp. (“Mattr” or the “Company”) (TSX: MATR) announced today that it has been included in the TSX30 for 2024. The Company ranked sixteenth on the list of top 30 performing stocks on the Toronto Stock Exchange, with a dividend-adjusted share price appreciation of
"We are pleased to be recognized by the TSX again in 2024,” said Mike Reeves, Mattr’s President and CEO. “Our share price performance is a direct reflection of the hard work of our employees to execute our strategy and deliver on our commitment to high-margin growth. We have invested heavily in 2023 and 2024 to organically grow our core businesses, while concurrently pursuing strategically aligned, accretive inorganic opportunities and returning capital to shareholders through a normal course issuer bid. We remain committed to our ambitious growth objectives and will continue to prioritize actions that create value for all our stakeholders.”
About Mattr
Mattr is a growth-oriented, global materials technology company broadly serving critical infrastructure markets, including transportation, communication, water management, energy and electrification. The Company operates through a network of fixed manufacturing facilities. Its two business segments, Composite Technologies and Connection Technologies, enable responsible renewal and enhancement of critical infrastructure while lowering risk.
For further information, please contact
Meghan MacEachern
VP, External Communications & ESG
Telephone: 437.341.1848
Email: meghan.maceachern@mattr.com
Website: www.mattr.com
Source: Mattr Corp.
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