Mattr Corp (TSX:MATR)

Q1 2026 Mattr Corp Earnings Call Transcript

May 14, 2026 / 01:00PM GMT

Release Date Price: C$11.85 (+26.74%)

Transcript

Key Points

Positve

Mattr Corp (MTTRF) reported sequential revenue and adjusted EBITDA growth in Q1 2026, driven by strong sales in mining and utility applications.
The Composite Technologies segment, particularly Xerxes, set a new first-quarter performance record, contributing to margin progression.
The company's strategic shift to a localized supply chain has mitigated the impact of US copper tariff rules, maintaining stability in the wire and cable businesses.
Mattr Corp (MTTRF) has renewed its credit facility through October 2030, providing funding stability and flexibility for growth.
The company anticipates improved adjusted EBITDA in Q2 2026, supported by operational efficiency gains and a sizable international Flexpipe order.

Negative

Adjusted EBITDA for Q1 2026 was below the prior year period due to less favorable margins in the Connection Technologies segment.
The Connection Technologies segment saw a 20% decline in adjusted EBITDA compared to the previous year, impacted by a less favorable product mix.
Rising costs, particularly in resins, have been observed, although Mattr Corp (MTTRF) generally has the ability to pass these costs onward.
The oil field markets remain cautious, with US onshore customer spending anticipated to remain flat in the second quarter of 2026.
The DSG-Canusa facility in Fairfield is still working towards normalized performance levels, although it is moving in a positive direction.

Operator

Thank you for standing by and welcome to Mattr's first-quarter 2026 earnings conference call. (Operator Instructions)

I would now like to hand the call over to Meghan MacEachern, Investor Relations. Please go ahead.

Meghan Maceachern

Mattr Corp - Investor Relations

Good morning. Before we begin this morningâs conference call, Iâd like to remind listeners that todayâs 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 Mattrâs statement on forward-looking information is included in Section 4.0 of the first-quarter 2026 earnings press release in the MD&A that is available on SEDAR+ and on the companyâs website at mattr.com. For those joining via webcast, you may follow the visual presentation that accompanies this call.

Iâll now turn it over to Mattrâs President and CEO, Mike Reeves.

Michael Reeves

Mattr Corp - President, Chief Executive Officer, Director

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