MATTR CORP - MTTRF STOCK NEWS

Mattr Corp (TSX: MATR) has announced its participation in the 16th Annual Southwest IDEAS Investor Conference in Dallas, TX. Mike Reeves, President & CEO, and Tom Holloway, SVP Finance & CFO, will deliver a presentation on November 20, 2024, at 8:35am CT at The Statler. The presentation will be accessible via webcast through both the conference website and Mattr's investor relations section.

Mattr Corp (TSX: MATR) has scheduled its Q3 2024 earnings conference call for Thursday, November 14th, 2024, at 9:00 AM ET. The company will release its financial results for the period ended September 30th, 2024, on Wednesday, November 13th, 2024, after TSX market close. A presentation will be available on the company's website prior to the earnings call. Mattr operates in critical infrastructure markets through two segments: Composite Technologies and Connection Technologies, focusing on infrastructure renewal and enhancement.

Mattr Corp. (TSX: MATR) has announced a definitive agreement to sell its Brazilian pipe coating subsidiary, Thermotite do Brazil, to Vallourec Tubular Solutions for US$17.5 million (approximately CAD$24 million). This transaction marks the final divestment of Mattr's pipe coating business, aligning with the company's strategy to simplify its portfolio and focus on high-return growth in core businesses.

The deal, subject to regulatory approvals, is expected to close within the standard review time. Mattr will retain control and earnings from Thermotite until closing. CEO Mike Reeves stated that this transaction concludes their strategic review process and enhances Mattr's ability to deliver focused growth in remaining core businesses. Thermotite will be reported as an asset held for sale effective September 2024.

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.

Mattr Corp. (TSX: MATR) has announced its participation in the 15th Annual Midwest IDEAS Investor Conference on August 28, 2024, in Chicago, IL. Mike Reeves, President & CEO, and Tom Holloway, SVP Finance & CFO, will represent the company at the event. The presentation is scheduled for 11:30 AM CT at The Gwen hotel.

Investors and interested parties can access the webcast through the conference host's website at https://www.threepartadvisors.com/midwest or via Mattr's investor relations section at http://www.mattr.com. This event provides an opportunity for Mattr to showcase its business and engage with potential investors through 1x1 meetings, potentially impacting the company's visibility and stock performance.

Mattr Corp. reported its Q2 2024 financial results:

• Consolidated revenue was $254 million, operating income from Continuing Operations was $29 million, and Adjusted EBITDA was $43 million
• Composite Technologies segment revenue reached a new quarterly record of $153 million
• Connection Technologies segment revenue was $89 million
• Net Income was $2.1 million with fully diluted EPS of $0.03 and Adjusted EPS of $0.31

The company made progress on its North American production expansion strategy, with two new facilities starting production. However, it now expects Q3 2024 Adjusted EBITDA to be below Q2 levels due to changes in revenue mix and project timing. Mattr remains confident in long-term market trends and continues executing its growth investments.

Mattr Corp. (TSX: MATR) has announced its upcoming financial results release and conference call schedule. The company will report its second quarter 2024 financial results on Thursday, August 8th, 2024 after the TSX market closes. A conference call and webcast to discuss these results is scheduled for Friday, August 9th, 2024 at 9:00am ET.

Mattr, a global materials technology company, focuses on critical infrastructure markets including transportation, communication, water management, energy, and electrification. The company operates through two business segments: Composite Technologies and Connection Technologies, aiming to enable responsible renewal and enhancement of critical infrastructure while lowering risk.

Mattr Corp. (TSX: MATR) has successfully completed two new Composite Technologies manufacturing facilities, on time and on budget. The $60 million investment includes a Flexpipe® facility in Rockwall, Texas, and a Xerxes® facility in Blythewood, South Carolina. Both sites began production in early July 2024, initially equipped with 50% of their ultimate capacity. These facilities are expected to reach normalized production levels by 2026 and potentially generate over $100 million in incremental annual revenue.

The company has also invested in additional modernization and expansion projects, including a dedicated storm water chamber production line, expansion of Xerxes production in Edmonton, and modernization of the Seguin, Texas site. Mattr anticipates these enhancements will improve output, efficiency, and segment margins over time. The Connection Technologies segment is also undergoing relocation and modernization, with new sites in Fairfield, Ohio, and Vaughan, Ontario, expected to be completed by mid-2025.

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.