- Earnings Per Share (EPS) Report: Mattr Corp reported a 3rd quarter EPS of C$0.19, missing the estimate of C$0.20 and down from C$1.03 year-over-year.
- Revenue Performance: The revenue for the third quarter was C$226.2 million, seeing a slight increase of 0.4% compared to the previous year, which fell short of the estimated C$241.4 million.
- Adjusted EBITDA: From continuing operations, Mattr Corp reported an adjusted EBITDA of C$29.3 million.
- Future Expectations: The company anticipates improved manufacturing efficiency in the fourth quarter of 2024, as workforce proficiency increases at new sites and upgrades at a legacy site are completed.
- Cost Reduction Measures: Mattr Corp has initiated steps to reduce annualized fixed costs by approximately $20 million in response to challenging market conditions.
- Product Development & Market Strategy: Flexpipe and DSG-Canusa sectors achieved revenue growth year-over-year by leveraging new products, despite challenges in the North American oilfield and global automotive markets.
- Market Analyst Ratings: There are currently 7 buy ratings, 1 hold rating, and no sell ratings for Mattr Corp.
Mattr on Smartkarma
Analysts on Smartkarma are buzzing about Mattr Corp, a Canadian industrial conglomerate undergoing a strategic transformation into an advanced engineering company. Contrarian Cashflows highlighted the company’s revamped business model and balance sheet, positioning it well in new end markets. The report emphasizes Mattr Corp’s potential as an attractive investment in cyclical stocks based on key criteria. The sentiment leans bullish as the market may be undervaluing the company’s strategic moves.
Yet Another Value Podcast featured insights from Clayton Partners’ Jason Stankowski and Brian Lancaster on why Mattr $MATR.TO is misunderstood. The podcast discusses MatterCorp’s strong balance sheet and growth potential in materials technology and connection technologies. Despite past cyclical business operations, analysts see value and growth opportunities for investors in Mattr. The sentiment remains bullish, reflecting optimism about the company’s transformation and future prospects.
A look at Mattr Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
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Based on the Smartkarma Smart Scores, Mattr Corp. seems to have a positive long-term outlook. The company scores high in Value and Growth, indicating strong potential for future value appreciation and expansion. Additionally, Mattr demonstrates moderate Resilience and Momentum, suggesting stability and gradual growth in the coming years. However, the company’s low Dividend score implies a minimal focus on distributing profits to shareholders in the form of dividends.
Mattr Corp. is an energy and infrastructure technology company that specializes in various products and services used in critical industries such as oil and gas, water and wastewater, fuel, transportation, and industrial applications. With a global customer base, Mattr is involved in designing, building, protecting, and managing essential assets for its clients, positioning itself as a key player in the evolving energy and infrastructure sectors.
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Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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