Record Year-over-Year Revenue Growth
Mattr delivered year-over-year revenue growth of 39% and adjusted EBITDA growth of 16%, driven by the addition of AmerCable to the Connection Technologies segment.
Connection Technologies Segment Performance
The Connection Technologies segment delivered year-over-year revenue growth of 105% and adjusted EBITDA growth of 62%, with Shawflex setting a new quarterly revenue record.
Strategic Acquisition for Cost Reduction
Mattr acquired an intermediary that facilitated the supply of metallic components, securing a multi-decade exclusive supply agreement, reducing costs, lowering tariff exposure, and enhancing supply chain control.
Success in Larger Diameter Flexpipe Products
Flexpipe continued to drive customer adoption of new technology, with larger diameter products nearing 50% of North American revenue generation during Q3.
Operational Efficiency and Production Output
Productivity expansion from Flexpipe's new Texas site remains on schedule, and the business continues to anticipate the release of additional larger diameter products.