Mattr Announces Third Quarter 2025 Results

Core Insights - Mattr Corp. reported a 39% year-over-year revenue growth in Q3 2025, primarily driven by the acquisition of AmerCable and strong demand in its Composite Technologies segment [4][6][8] - The company anticipates a challenging fourth quarter due to economic weakness in key markets, which may lead to a more pronounced decline in revenue and Adjusted EBITDA compared to historical trends [5][17] Financial Performance - Revenue from Continuing Operations for Q3 2025 was $315 million, with an operating income of $17 million and Adjusted EBITDA of $34 million, reflecting a 16% increase from the prior year [6][8] - Connection Technologies segment revenue surged by 105% to $184 million, while Composite Technologies revenue decreased by 4% to $131 million [6][12] - The company reported a net income of $2.9 million for the quarter, with diluted EPS of $0.05 [6][8] Segment Analysis - Connection Technologies segment's Adjusted EBITDA increased by 62% to $19 million, attributed to the inclusion of AmerCable's results [6][12] - Composite Technologies segment's Adjusted EBITDA was $20 million, a slight decrease of 2% year-over-year, impacted by lower sales of composite pipe amid declining commodity prices [12][32] Strategic Actions - Mattr completed the acquisition of an intermediary agent for $16.2 million to enhance its supply chain for metallic components [6][15] - The company has revised its total annual capital expenditures for 2025 to $50-$60 million, down from $60-$70 million, reflecting lower spending expectations [6][17] Outlook - The company expects fourth quarter 2025 revenue to decline compared to Q3 2025, particularly in Canadian industrial and European automotive sectors [5][17] - Mattr remains optimistic about long-term growth opportunities driven by its differentiated technologies in electrical power generation and composite materials [13][17]