Mattr (MATR) Q3 2026 earnings summary

Executive summary

• Record Q3 continuing-operations revenue of $423.364M and Adjusted EBITDA of $68.6M, up 34.4% and 101.7% YoY, respectively; Adjusted EBITDA margin was 16.2%.

• Both operating segments delivered higher revenue and operating income, supported by demand and improving operational efficiency.

• Leverage returned to the normal-course target range at 2.38x after a $44.2M Q3 net credit-facility repayment; FY2026 Adjusted EBITDA expectations moved modestly higher.

Financial highlights

• Q3 gross profit was $121.465M vs. $74.897M; operating income was $34.469M vs. $17.270M, and net income was $14.749M vs. $2.858M.

• Q3 basic/diluted EPS was $0.24/$0.24 vs. $0.05/$0.05; Adjusted EPS was $0.44 basic and $0.43 diluted vs. $0.05 for both.

• 9M continuing-operations revenue was $1,141.4M vs. $956.0M; Adjusted EBITDA was $171.0M vs. $123.0M, with margin of 15.0% vs. 12.9%.

• 9M net income was $42.0M vs. $48.6M; the prior-year result included a non-recurring $40.8M tax impact related to the AmerCable acquisition.

• 9M gross profit was $325.4M vs. $241.1M; operating income from continuing operations was $96.6M vs. $46.1M.

Outlook and guidance

• Q4 activity is expected to decline sequentially with normal seasonality; Adjusted EBITDA is expected to be similar to Q1 2026, with modest tariff impact.

• FY2026 capital expenditures are expected at $35M–$45M, including $15M for maintenance needs.

• Excluding tariff changes, 2027 revenue, Adjusted EBITDA and margin are expected to increase YoY; AmerCable capacity investments should largely ease constraints by early 2028.

• Tariffs could have a $20M annualized Adjusted EBITDA impact; if fully realized, 2027 consolidated Adjusted EBITDA could be broadly similar to 2026. Mitigation is expected to be substantially complete during 2027.

• Beyond 2027, demand, added capacity and efficiency gains are expected to support longer-term growth and profitability objectives.