Q1 2025 Mattr Corp Earnings Call Transcript
Key Points
- Mattr Corp (MTTRF) reported a 52% year-over-year increase in revenue and an 80% rise in adjusted EBITDA for Q1 2025, showcasing strong business performance.
- The acquisition of AmerCable has been successfully integrated, contributing significantly to the Connection Technologies segment's revenue growth.
- The company has a strong balance sheet, enabling it to navigate market uncertainties confidently and continue investing in technology development and operational efficiencies.
- Mattr Corp's ShawFlex business is well-positioned to benefit from a resurgence in nuclear power generation, with significant growth potential in the nuclear sector.
- The Composite Technologies segment saw an 11% increase in revenue, driven by increased demand for Xerxes fuel storage and water management products, as well as higher sales of Flexpipe products.
- Geopolitical uncertainties and potential US tariffs have created an uncertain outlook for global trade, impacting customer confidence and potentially affecting future demand.
- Mattr Corp anticipates a sequential decline in revenue and adjusted EBITDA in Q2 2025 due to macroeconomic uncertainties and potential tariff impacts.
- The company faces challenges with order delays from overseas customers, particularly affecting AmerCable's exports to countries like Canada, Chile, and China.
- The Connection Technologies segment experienced tempered margins due to nearly $3 million in non-capitalizable MEO costs during the quarter.
- Flexpipe's revenue was modestly below the first quarter of 2024, and the company expects further deceleration in North American onshore well completions due to volatile crude oil prices.
Good day, and thank you for standing by. Welcome to the Mattr first-quarter 2025 results conference call. (Operator Instructions) Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Meghan MacEachern, VP of Investment Relations and External Communications. You may begin.
Good morning. Before we begin this morning's conference call, I would like to take a moment to remind all listeners that today's call includes forward-looking statements that involve estimates, judgments, risks, and uncertainties that may cause actual results to differ materially from those projected. The complete text of Mattr's statement on forward-looking information is included in Section 4.0 of the first-quarter 2025 earnings press release in the MD&A that is available on SEDAR+ and on the company's website at mattr.com.
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