ShawCor Ltd. (TSE:MATR) has released an update.
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Mattr Corp. has reported a mixed first quarter in 2024 with a slight revenue decrease, leading to a consolidated net loss of $0.2 million and an Adjusted EBITDA of $30 million. Despite a dip in segment revenues, the company is focusing on strategic initiatives, including modernizing its North American production and an upsized offering of senior unsecured notes. The company remains optimistic about a revenue and profitability increase in the latter half of the year and is positioned for potential shareholder value creation.
For further insights into TSE:MATR stock, check out TipRanks’ Stock Analysis page.
