Canada's Mattr beats Q2 revenue estimates

Mattr

13/08/2025 22:08

Overview

Mattr Q2 revenue rises 33% yr/yr, beating analyst expectations, per LSEG data

Adjusted EBITDA for Q2 beats estimates, while adjusted EPS misses, per LSEG data

Co completes strategic transformation with sale of last pipe coating subsidiary

Outlook

Company expects Q3 2025 revenue and EBITDA to be below Q2 2025

Mattr anticipates tariffs to increase costs for wire and cable products

Company sees Shawflex and AmerCable revenue below Q2 2025 levels

Mattr expects DSG-Canusa Q3 2025 sales similar to Q2 2025

Result Drivers

CONNECTION TECHNOLOGIES - Segment revenue surged 99% to C$177 mln, driven by AmerCable acquisition and higher sales of Xerxes products

COMPOSITE TECHNOLOGIES - Segment revenue fell 5% to C$144 mln, impacted by lower sales of composite pipe for international customers

STRATEGIC TRANSFORMATION - Completion of North American production footprint MEO projects and sale of Thermotite subsidiary finalized strategic shift

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
C$321 mln
C$312.90 mln (5 Analysts)
Q2 Adjusted EPS
Miss
C$0.12
C$0.15 (5 Analysts)
Q2 Adjusted EBITDA
Beat
C$42 mln
C$37.90 mln (7 Analysts)
Q2 Income from Operations
C$10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "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$14.50, about 16.3% above its August 12 closing price of C$12.14

Press Release: ID:nGNX1pzhNQ

(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.)