Mattr (TSE:MATR) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Mattr Corp. reported a solid third quarter with $250 million in revenue and a strategic move to sell its Brazilian subsidiary, Thermotite, while acquiring AmerCable to expand its position in the U.S. wire and cable market. The company also saw a 10% increase in revenue from its Connection Technologies segment, marking a new record. Mattr is focused on long-term growth, profitability, and cash flow, having committed nearly $1 billion to various strategic initiatives since 2021.
For further insights into TSE:MATR stock, check out TipRanks’ Stock Analysis page.