Stocks
Mattr Provides Select Preliminary Second Quarter 2026 Results Update
TORONTO, July 13, 2026 (GLOBE NEWSWIRE) -- Mattr Corp. (“Mattr” or the “Company”) (TSX: MATR) announced select preliminary unaudited financial results for the three-month period ended June 30, 2026, based on preliminary financial information currently available to management, which are expected to meaningfully exceed management’s prior expectations for the quarter. The Company continues to finalize its financial results and therefore has not yet completed its customary quarter-end review procedu
About this update from Mattr Corp
TORONTO, July 13, 2026 (GLOBE NEWSWIRE) -- Mattr Corp. ("Mattr" or the "Company") (TSX: MATR) announced select preliminary unaudited financial results for the three-month period ended June 30, 2026, based on preliminary financial information currently available to management, which are expected to meaningfully exceed management's prior expectations for the quarter. The Company continues to finalize its financial results and therefore has not yet completed its customary quarter-end review procedures. "We are pleased with the strength of our second quarter performance," said Mike Reeves, President and Chief Executive Officer. "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." Mr. Reeves continued, "While we remain mindful of ongoing economic and geopolitical uncertainty, our second quarter performance reflects the benefits of the strategic investments and portfolio actions undertaken over the past several years. We continue to see encouraging momentum in a number of critical infrastructure markets and remain focused on disciplined execution, operational excellence, and long-term value creation." Preliminary Second Quarter 2026 Highlights from Continuing Operations Subject to completion of typical quarter-end review procedures, the Company currently expects: The preliminary unaudited results contained in this release are estimates only, reflect management's current expectations based on financial information currently available, and remain subject to completion of the Company's normal quarter-end financial reporting processes, auditor review procedures and approval by the Board of Directors. The Company's independent auditor, KPMG LLP, has not audited, reviewed or performed any procedures with respect to the preliminary financial results, and accordingly does not express an opinion or any other form of assurance with respect thereto. These preliminary unaudited results do not constitute a comprehensive statement of the Company's financial results for the second quarter of 2026 and should not be viewed as a substitute for the Company's complete financial statements for that period. Additional adjustments to these preliminary estimates may be identified, and the Company's final results may differ from the estimates presented herein.