Mattr Included in 2024 TSX30

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.

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 183% over the course of the last 3 years, which correlates to a 166% increase in market capitalization over the same time period. This is the second consecutive year that the Company has appeared on the list.

"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.

FAQ

What is Mattr's ranking in the 2024 TSX30 list?

Mattr Corp. (TSX: MATR) ranked sixteenth on the 2024 TSX30 list of top-performing stocks on the Toronto Stock Exchange.

What was Mattr's share price appreciation over the last 3 years?

Mattr achieved a 183% dividend-adjusted share price appreciation over the course of the last 3 years.

How much did Mattr's market capitalization increase in the past 3 years?

Mattr's market capitalization increased by 166% over the past 3 years.

Is this Mattr's first time on the TSX30 list?

No, this is Mattr's second consecutive year appearing on the TSX30 list.

What are Mattr's main business segments?

Mattr operates through two main business segments: Composite Technologies and Connection Technologies.