Canada's Mattr beats Q2 revenue estimates
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
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