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.
Overview
Mattr Corp (MTTRF) stands as a diversified industrial solutions provider at the intersection of advanced composite technologies, connection technologies, and innovative manufacturing practices. The company integrates state-of-the-art materials science with precision engineering to fill essential market gaps. With a portfolio that encompasses multiple business segments, Mattr Corp is dedicated to delivering high-performance products that serve critical applications in telecommunications, industrial manufacturing, and infrastructure projects. Its focus on research and development, operational excellence, and rigorous quality control cements its reputation as a company that values precision and reliability.
Core Business and Segments
Mattr Corp operates primarily through two distinct segments. The Composite Technologies segment focuses on developing and manufacturing cutting-edge composite materials that are used across a range of industrial applications. This includes high-performance components that require exceptional strength, durability, and precise engineering. The Connection Technologies segment offers robust connectivity solutions designed to cater to infrastructure and communication needs in demanding environments. Together, these segments allow the company to serve a wide spectrum of customer requirements, from specialized industrial components to integrated connectivity systems that enable modern networks and complex machinery to function optimally.
Market Position and Competitive Landscape
In a highly competitive and technologically evolving industry, Mattr Corp positions itself as a key player through its commitment to innovation and quality. The company differentiates its product offerings by emphasizing superior material performance and reliable connectivity solutions. Its methodical approach to operational processes and internal controls ensures that every product meets stringent industry standards. Although the market includes several competitors that offer similar products, Mattr Corp's comprehensive focus on both composite materials and connectivity distinguishes its portfolio, enabling it to serve diverse market segments effectively. Frequent and detailed communications with stakeholders reinforce its commitment to transparency and informed corporate governance.
Operational Excellence and R&D
The company is known for its robust investment in research and development, which underpins its ability to innovate continuously. Mattr Corp leverages its R&D capabilities to enhance product design, improve manufacturing processes, and ensure quality reliability. Its approach involves close collaboration between engineering teams and production units, creating a synergy that leads to consistent improvements and breakthrough innovations. By embracing a culture of continual learning and optimization, the firm not only meets current industry demands but also refines its operational frameworks to adapt to evolving technological landscapes.
Commitment to Quality and Innovation
Quality control and product reliability are integral to Mattr Corp’s business model. The company employs rigorous testing protocols and a detailed calibration of manufacturing processes to ensure that its composite and connection solutions stand up to the most challenging industrial applications. Each stage of production is scrutinized to meet high standards that are essential for critical applications in telecommunications and infrastructure. This dedication to quality is further enhanced by the company’s relentless focus on technological innovation, making it an attractive entity for partners seeking long-term reliability in their supply chains.
Corporate Governance and Investor Communications
Mattr Corp reinforces its market credibility through regular, transparent communications with investors and stakeholders. The company’s commitment to detailed disclosures, periodic conference calls, and comprehensive financial reporting underscores a governance framework built on trust and accountability. By providing clear updates on operational performance and strategic initiatives, Mattr Corp ensures that the investment community is well-informed. This open communication serves to demystify complex business operations, giving investors a transparent view into both the challenges and strengths inherent in a diversified business model.
Integrated Solutions for a Diversified Market
Beyond its core segments, Mattr Corp offers integrated solutions that combine advanced composite materials with efficient connectivity technologies. Such integration facilitates improved product performance and enhanced operational flexibility for customers who operate in highly technical and mission-critical environments. This approach not only optimizes individual processes but also contributes to broader industry trends by providing reliable, holistic solutions. Whether the requirement is for a high-strength composite component or a connectivity system designed to ensure seamless communication in demanding contexts, the company’s diverse product portfolio is positioned to meet these challenges effectively.
Innovation Through Expertise and Experience
The backbone of Mattr Corp’s operations is its extensive expertise and operational discipline within industries that demand technological precision. Industry-specific terminology and deep technical insights are integral parts of its communications, ensuring that every stakeholder—whether a seasoned investor or a technical partner—understands the complexities involved. This expertise fosters an environment where innovation is not just an occasional breakthrough but a continuous process, thereby maintaining the company’s competitive edge in its core sectors.
Conclusion
In summary, Mattr Corp (MTTRF) is a company that exemplifies a careful blend of innovation, operational excellence, and strategic market positioning. By focusing on advanced composite materials and robust connectivity solutions, it caters to a range of industries that require reliable and high-performance products. From research and development to stringent quality assurance and transparent investor communications, every aspect of its business model is designed to foster reliability and trust. This comprehensive approach ensures that the company not only meets present market needs but also establishes a strong foundation in its competitive landscape without making speculative claims about future performance.
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.
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.
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