Core Insights - Mattr Corp reported strong revenue growth of 33% year-over-year in Q2 2025, driven by the acquisition of AmerCable and increased sales of Xerxes products, despite challenges in the composite pipe segment [4][9][22] - The company completed its strategic transformation by selling its last remaining pipe coating business, Thermotite, for US$37.4 million, marking a significant shift in its operational focus [5][13] - Adjusted EBITDA from continuing operations increased by 5% to $42.5 million, reflecting operational resilience amid macroeconomic challenges [12][41] Financial Performance - Revenue from continuing operations reached $321 million in Q2 2025, up from $241 million in Q2 2024, with a net operating loss of $7 million [5][7] - The Connection Technologies segment saw a 99% revenue increase to $177 million, while the Composite Technologies segment experienced a 5% decline to $144 million [5][22] - The company reported diluted Adjusted EPS of $0.12, down from $0.32 in the prior year [7][41] Operational Developments - Mattr completed its North American production footprint revitalization, with all new facilities now operational, aiming for normalized production levels by 2026 [4][29] - The company incurred $7 million in costs related to modernization, expansion, and optimization (MEO) during the quarter, which are expected to cease in future periods [5][11] - The company is focused on enhancing operational efficiency and extracting synergies from its expanded wire and cable portfolio following the AmerCable acquisition [6][29] Market Conditions - The company faces ongoing uncertainty in global trade and macroeconomic conditions, which have affected customer purchasing behavior, particularly in automotive and energy sectors [6][27] - Recent US tariffs on copper products are anticipated to impact the company's wire and cable business, potentially increasing input costs [27][29] - Despite these challenges, Mattr remains optimistic about long-term growth opportunities in critical infrastructure markets [6][32]

Core Viewpoint - Mattr Corp reported strong operational and financial results for Q2 2025, demonstrating resilience amid global economic uncertainty, with significant revenue growth driven by the acquisition of AmerCable and a diversified product portfolio [4][8]. Financial Performance - Revenue from Continuing Operations for Q2 2025 was $321 million, a 33% increase from $241 million in Q2 2024, primarily due to the addition of AmerCable and higher sales of Xerxes products [5][8]. - Adjusted EBITDA from Continuing Operations increased by 5% to $42.5 million compared to $40.4 million in the prior year quarter [11][40]. - The Connection Technologies segment saw a revenue increase of 99% to $177 million, while the Composite Technologies segment experienced a 5% revenue decline to $144 million [5][20]. Operational Highlights - The company completed its strategic transformation by selling its last remaining pipe coating business, Thermotite, for proceeds of approximately $37.4 million [12][4]. - Mattr's North American production network revitalization activities were completed, with expectations for normalized production levels by 2026 [4][25]. - The company incurred $7 million in Modernization, Expansion, and Optimization (MEO) costs during the quarter, which are expected to be eliminated in future periods [5][40]. Segment Performance - The Connection Technologies segment's Adjusted EBITDA was $22 million, a 28% increase year-over-year, while the Composite Technologies segment's Adjusted EBITDA decreased by 10% to $25 million [5][23]. - The decline in Composite Technologies revenue was attributed to lower sales of composite pipe for international customers, partially offset by increased sales of Xerxes products [20][21]. Market Conditions and Outlook - The company anticipates modestly lower revenue and Adjusted EBITDA in Q3 2025 due to ongoing global trade uncertainties and recently implemented US tariffs on copper products [6][25]. - Mattr continues to focus on enhancing operational efficiency and extracting commercial synergies from its expanded wire and cable portfolio [6][25]. - The company expects to maintain a strong balance sheet while prioritizing technology development and share repurchases under its Normal Course Issuer Bid (NCIB) [6][25].