Mattr Corp reported second-quarter revenue of C$396.2 million, up 23.4% from a year earlier, and net income of C$19.8 million, up 383.7% year over year, the Toronto-based company said Aug. 12, 2026. Diluted earnings per share came in at $0.32, compared with a loss of $0.11 in the same quarter of 2025, while diluted adjusted EPS rose to $0.39 from $0.12. Adjusted EBITDA from continuing operations climbed 47.9% to C$62.8 million.
President and CEO Mike Reeves credited the results to "continued demand for our differentiated infrastructure products" and better operating efficiency across both of the company's segments. He said the stronger quarter led Mattr to raise its full-year revenue and adjusted EBITDA outlook.
Connection Technologies leads the gains
The Connection Technologies segment, which covers Mattr's wire and cable businesses, generated revenue of C$227.9 million, up 29.1% year over year. Operating income nearly tripled to C$29.9 million and adjusted EBITDA rose 75.4% to C$38.7 million. Mattr pointed to higher volumes and a better sales mix, with growth concentrated in North American data center, infrastructure, non-stock industrial and Canadian mining customers. Higher average copper prices and manufacturing efficiencies also helped margins. The segment carried none of the C$7.3 million in modernization, expansion and optimization costs it recorded in the second quarter of 2025.
Composite Technologies posts a record Xerxes quarter
Composite Technologies revenue rose 16.5% to C$168.3 million, with operating income up 31.1% to C$21.2 million and adjusted EBITDA up 26.1% to C$31.4 million. Mattr said the increase came from the best quarterly sales in the history of its Xerxes unit, on higher output, improved pricing and demand in the fuel, water and infrastructure markets it serves, along with more international project work at its Flexpipe business. During the quarter, Mattr won a large international contract for Flexpipe products.
Balance sheet moves
Mattr drew a net C$11.5 million from its credit facility in the quarter to cover seasonal working-capital needs, and bought back 0.1 million shares for cancellation under its normal course issuer bid, a program that lets a company repurchase its own stock on the open market. The company also pushed out the maturity of its US$300 million revolving credit facility to October 2030. Mattr said its total net debt-to-adjusted EBITDA ratio rose in 2025 because of debt taken on to fund its purchase of AmerCable Incorporated, and that it intends to keep directing extra cash mainly toward paying down that debt in the near term.
Effective June 30, 2026, Mattr's Global Industry Classification Standard code, which sorts public companies by business type for investors, was reclassified to the Industrials sector, under the Electrical Components & Equipment category.
Outlook raised for both segments
Mattr said stronger-than-expected results pushed its full-year forecast above the level it set after the first quarter. The company now expects full-year 2026 revenue to top 2025 levels in both segments, with the second half modestly ahead of the first half. It also expects 2026 adjusted EBITDA to exceed 2025's total in both segments.
