Welcome to our dedicated page for Mattr news (Ticker: MTTRF), a resource for investors and traders seeking the latest updates and insights on Mattr stock.
Mattr Corp (MTTRF) generates frequent news flow through earnings releases, strategic updates and corporate announcements related to its role as a global materials technology company serving critical infrastructure markets. The company’s disclosures emphasize its Composite Technologies and Connection Technologies segments, which it links to transportation, communication, water management, energy and electrification applications.
Investors following Mattr’s news can expect detailed quarterly and annual results, including commentary on revenue, operating income and Adjusted EBITDA from Continuing Operations and Discontinued Operations. The company provides segment-level highlights for Composite Technologies and Connection Technologies, discussing performance of business lines such as Flexpipe, Xerxes, Shawflex, AmerCable and DSG-Canusa.
News items also cover portfolio developments, including the acquisition of AmerCable, described as a U.S. manufacturer of highly engineered wire and cable solutions, and the sale of Thermotite do Brasil, Mattr’s final remaining pipe coating business. These announcements frame the company’s strategic transformation and its focus on core infrastructure-oriented technologies.
Additional coverage includes updates on the Modernization, Expansion and Optimization (MEO) strategy, new and upgraded manufacturing facilities, Normal Course Issuer Bid activity, annual meeting voting results, director appointments and the company’s schedule for future earnings releases and conference calls. Readers who monitor this page can review how management describes demand trends across electrification, mining, energy extraction, industrial, automotive, retail fueling and water management end markets as part of its outlook commentary.
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.
Mattr Corp (TSX: MATR) has announced a private placement offering of 125,000 debt subscription receipts at $1,018.75 per receipt, yielding 6.375%, for gross proceeds of approximately $129.3 million. Each subscription receipt will convert into a 7.25% senior unsecured note due April 2, 2031, with a principal amount of $1,000.
The proceeds will partially fund the previously announced acquisition of AmerCable Incorporated, expected to close in Q1 2025. Following the issuance, $300 million aggregate principal amount of 7.25% senior unsecured notes will be outstanding. The offering, led by TD Securities and National Bank Financial Markets, is expected to close around December 19, 2024.
Mattr Corp reported Q3 2024 results with consolidated revenue of $250 million, net income of $13 million, and adjusted EBITDA of $37 million. Revenue from Continuing Operations increased 2% to $226 million. The company announced the sale of Thermotite for $17.5M USD and plans to acquire AmerCable for $280M USD. The Composite Technologies segment saw a 3% revenue decrease to $136 million, while Connection Technologies revenue grew 10% to $90 million. The company remained active in share buybacks, repurchasing 1.44M shares for $22.2M during Q3. Management expects Q4 2024 to see seasonal slowdown and has implemented cost reduction measures targeting $20M in annual savings.
Mattr Corp has agreed to acquire AmerCable from Nexans USA for US$280 million, representing approximately 5.0x TTM Adjusted EBITDA. The acquisition will enhance Mattr's wire and cable capabilities in the U.S. market and strengthen its Connection Technologies segment. The transaction is expected to close around year-end 2024, subject to regulatory approvals. The deal will be immediately accretive to earnings per share by over 40% before synergies and will be financed through cash and existing credit facilities. Post-acquisition, the Connection Technologies segment will represent 54% of consolidated revenue, adding >C$75 million in TTM Adjusted EBITDA.