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FINWIRES

Mattr Says Q2 Preliminary Revenue Rises

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Mattr (MATR.TO) expects Q2 consolidated revenue of C$390 million to C$400 million, it said late Monday.

The consensus compiled by FactSet is for C$330.6 million. A year ago, Mattr reported Q2 revenue of C$321 million, a year earlier.

Mattr also expects consolidated adjusted EBITDA for the three-month period ended June 30 of C$60 million to C$65 million.

"Order capture across our wire and cable markets was stronger than previously anticipated, while continued operational efficiency improvements across our modernized manufacturing network, particularly within our Xerxes tank business, enabled more rapid fulfillment of customer orders, resulting in preliminary second quarter revenue and adjusted EBITDA which exceed management's prior expectations," said Chief Executive Mike Reeves.

The company expects to release its complete Q2 2026 financial results on Aug. 12.

Shares of the company closed up 2.1% to C$13.92 on Monday on the Toronto Stock Exchange.

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