Canada's Mattr beats Q1 revenue estimates

Mattr

13/05/2026 22:09

Corrects adjusted EBITDA to C$39.6 mln from C$24.4 mln, changes to 'beat' from 'miss' in table and second bullet of overview

Overview

Canadian materials tech firm's Q1 revenue rose slightly, beating analyst expectations

Adjusted EPS beat analyst expectations, adjusted EBITDA exceeded consensus

Company secured significant international Flexpipe order after quarter end, expects delivery in H2 2026

Outlook

Mattr expects 2026 revenue to be similar to 2025

Adjusted EBITDA for 2026 seen similar to 2025, excluding 2025 MEO costs of about C$10 mln

Composite Technologies 2026 revenue expected to be higher than 2025; Connection Technologies revenue seen flat

Result Drivers

COMPOSITE TECHNOLOGIES GROWTH - Increased sales of fuel and water products in Xerxes, favorable margin mix in Flexpipe, and improved manufacturing cost efficiencies drove higher revenue and operating income in Composite Technologies

CONNECTION TECHNOLOGIES PRESSURE - Flat revenue and lower operating income in Connection Technologies due to less favorable sales mix, higher average copper prices, and higher unabsorbed costs at new Ohio facility

SEASONAL SLOWNESS OFFSET - Typical first-quarter seasonal slowness was partially overcome by strong sales into retail fuel and mining applications and ongoing business optimization

Company press release: ID:nGNXbvd7gq

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
C$321.80 mln
C$304.96 mln (5 Analysts)
Q1 Adjusted EPS
Beat
C$0.11
C$0.06 (4 Analysts)
Q1 Net Income
C$7.40 mln
Q1 Adjusted EBITDA
Beat
C$39.6 mln
C$30.89 mln (7 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction supplies & fixtures peer group is "buy."

Wall Street's median 12-month price target for Mattr Corp is C$10.00, about 4.4% above its May 12 closing price of C$9.58

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)