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Mattr Corp. (T:MATR)

Business Focus: Oil Related Services and Equipment (NEC)

Sector:  Energy Industry:  Oil Related Services and Equipment
Company Contact
Address: 25 Bethridge Road
Tel: 1-416-743711
IR: See website
Key People
Michael Reeves
President, Chief Executive Officer, Director
Tom Holloway
Chief Financial Officer, Senior Vice President - Finance
Frank Cistrone
Group President - Automotive and Industrial
Martin Perez
Group President - Composite Systems
Kevin D. Reizer
Group President - Pipeline Performance
Geoff Smith
Chief People and HSE Officer, Senior Vice President
Shannon Glover
Vice President - Legal
Business Overview
Mattr Corp., formerly Shawcor Ltd., is a global material technology company serving critical infrastructure markets, including electrification, transportation, communication, water management and energy. The Company operates through a network of fixed and mobile manufacturing and service facilities. The Company operates through two business segments: Composite Technologies and Connection Technologies. Composite Technologies segment consist of two operating units: the Xerxes business, which manufactures fiberglass reinforced plastic underground storage tanks primarily for the retail fuel, storm water and wastewater markets; and the FlexPipe business, which manufactures flexible fiberglass reinforced composite pipe used for oil and gas gathering and water disposal lines and carbon dioxide injection lines. Connection Technologies segment supplies specialty wire and cable and integrated heat shrink solutions.
Financial Overview
For the nine months ended 30 September 2023, Mattr Corp revenues increased 12% to C$714.5M. Net income before extraordinary items decreased 33% to C$53.5M. Revenues reflect Pipeline & Pipe Services segment increase of 73% to C$161.6M, Automotive and Industrial segment increase of 6% to C$170.5M, Composite Systems segment increase of 3% to C$290.5M, Asia Pacific segment increase from C$11.6M to C$68M.
Employees: 4,273 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $1,043M as of Sep 30, 2023
Annual revenue (TTM): $1,060M as of Sep 30, 2023
EBITDA (TTM): $159.47M as of Sep 30, 2023
Net annual income (TTM): -$12.91M as of Sep 30, 2023
Free cash flow (TTM): $121.48M as of Sep 30, 2023
Net Debt Last Fiscal Year: $135.20M as of Sep 30, 2023
Shares outstanding: 66,311,350 as of Feb 23, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization