Mattr Corp Announces Growth Amidst Challenges

ShawCor Ltd. (TSE:MATR) has released an update.

Mattr Corp reported a year-over-year growth in Adjusted EBITDA of 16% for 2023 amidst challenges such as unfavorable interest rates and various sector disruptions. The company successfully sold a major part of its business, leading to substantial cash proceeds and a strong net cash position. Despite a decrease in fourth-quarter revenue, Mattr anticipates continued efficiency improvements and reduced regulatory risks following strategic facility closures.

For further insights into TSE:MATR stock, check out TipRanks’ Stock Analysis page.