05:33 PM EST, 11/12/2025 (MT Newswires) -- Mattr ( MTTRF ) on Wednesday reported a lower third-quarter profit despite higher revenue, driven by solid performance across its core business segments.

Net income for the period dropped to $2.9 million, or $0.04 per share, from $12.8 million, or $0.19, a year earlier.

Revenue from continuing operations grew 39% to $315 million from $226.2 million, surpassing the FactSet consensus estimate of C$306.6 million. Operating income was C17 million, and adjusted EBITDA rose 16% year over year to $34 million.

The company said it is expecting total annual capital expenditures for the full year of 2025 to be $50 million to $60 million, revised from the previously announced $60 million to $70 million, driven by lower spending expectations across the program.

"During the third quarter, Mattr ( MTTRF ) leveraged its high-value portfolio of critical infrastructure products to deliver year-over-year revenue growth of 39% from our continuing operations, primarily driven by the addition of AmerCable to our Connection Technologies segment, which more than doubled revenue year-over-year. The company also continued to benefit from strong demand in Composite Technologies, with the segment delivering further progress on key technology development and operational efficiency projects during the quarter." said chief executive Mike Reeves.

Mattr ( MTTRF ) said in response to US tariffs announced during the last quarter, it transitioned its supply of copper input materials from tariffed to non-tariffed sources. This allowed the it to avoid "substantial tariff expenses" but resulted in less favorable supplier payment terms and a related increase in working capital.

The company's shares closed down $0.08 to $10.30 on Wednesday on the Toronto Stock Exchange.