Mattr (TSE:MATR) has released an update.
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.
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