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) delivers advanced composite materials and connectivity solutions for global industrial markets. This news hub provides investors and industry professionals with direct access to official announcements, financial disclosures, and operational updates from the company.
Track comprehensive coverage of MTTRF's developments across both business segments: Composite Technologies innovations in material science and Connection Technologies advancements in critical infrastructure systems. Our curated feed includes earnings reports, product launches, strategic partnerships, and regulatory filings.
Stay informed about technological breakthroughs in high-performance materials and mission-critical connectivity solutions through verified press releases. The repository serves as a reliable resource for understanding MTTRF's market positioning and R&D initiatives within the industrial manufacturing sector.
Bookmark this page for real-time updates on corporate milestones and industry-specific developments. Combine strategic insights with operational data to monitor Mattr Corp's progress in addressing complex engineering challenges through its dual technology platforms.
Mattr Corp. announced the renewal of its Normal Course Issuer Bid (NCIB), approved by the Toronto Stock Exchange, allowing the company to repurchase up to 4,982,824 common shares, or roughly 10% of its public float. The NCIB will start on June 28, 2024, and may last up to a year, aiming to boost shareholder value by reducing the share count. Mattr has 66,372,274 common shares outstanding and will fund the repurchases using its existing cash resources. The company has also entered into an automatic share purchase plan with a broker to facilitate repurchases during blackout periods. The previous NCIB saw the repurchase of 3,442,233 shares at an average price of $15.1591 per share.
Mattr Corp. (TSX: MATR) reported the results of its Annual Meeting held virtually on May 15, 2024. A total of 49,829,154 common shares were voted, representing 75.11% of all outstanding shares. Shareholders approved all items on the agenda, including the election of the Board of Directors. The nominees received overwhelming support, with each receiving over 99% of the votes in favor. Newly elected director Marvin Riley was welcomed, while outgoing director Derek Blackwood was thanked for his years of service. Mattr is a global materials technology company serving critical infrastructure markets through its Composite Technologies and Connection Technologies segments. Detailed voting results are available on SEDAR+.
Mattr Corp. (TSX: MATR) reported its Q1 2024 results, highlighting consolidated revenue of $224 million, operating income of $8 million, and Adjusted EBITDA of $30 million. The Composite Technologies segment saw a 10% revenue decrease to $119 million, while the Connection Technologies segment experienced a 4% drop to $91 million. Mattr posted a net loss of $0.2 million and Adjusted EPS of $0.16. Following the quarter, Mattr issued $175 million in senior unsecured notes at 7.25% to redeem outstanding 9.0% notes and extend its $300 million credit facility to 2028. CEO Mike Reeves noted expected revenue and Adjusted EBITDA improvements in Q2 and Q3 2024, despite ongoing one-time MEO costs. The company remains focused on high-value solutions and infrastructure expansion, with anticipated growth in revenue and profitability for the year.
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