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Mattr Corp.
8/13/2026
Good day and thank you for standing by. Welcome to MATTER's second quarter 2026 results webcast and conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there'll be a question and answer session. To ask a question during the session, you need to press star one one on your telephone. You will then hear this automated message advising your hand is raised. To answer your question, please press star one again. Please be advised that today's conference is being recorded. I would now like to turn the conference over to your speaker for today. Meghan MacEachern, please go ahead.
Good morning. Before we begin this morning's conference call, I would like to remind listeners that today's call includes forward-looking statements that involve estimates, judgments, risks, and uncertainties that may cause actual results to differ materially from those projected. The complete text-of-matter statement on forward-looking information is included in Section 4.0 of the second quarter 2026 earnings press release, in the MD&A that is available on CDAR Plus and on the company's website at matter.com. For those joining via webcast, you may follow the visual presentation that accompanies this call. I'll now turn it over to Matter's President and CEO, Mike Reeves.
Good morning, and thank you for attending our second quarter conference call. Today, Meghan and I are joined by our Senior Vice President of Finance and CFO, Tom Holloway. The second quarter represented a significant step forward for Matter. We generated a new high watermark for revenue and adjusted EBITDA as, once again, our global team delivered effectively against strategic and operational priorities. Within connection technologies, our wire and cable businesses levered operational efficiency gains and particular strength in global mining markets to report substantial sequential growth. More broadly, the segment executed well against a favorable mix of mining, oil and gas, and data center demand, while capturing further share gains within North American utility and infrastructure markets. Within composite technologies, Xerxes set new manufacturing efficiency and output records, which drove new quarterly revenue records in both fuel and water products, enabling year-over-year revenue growth of more than 15% during the first half of 26. Accelerating order capture across the Xerxes portfolio, including rising data center opportunities where we secured additional customer commitments during the quarter, ensured a stable quarter-end backlog at near-record levels. Our FlexPipe team took full advantage of seasonally stronger North American activity levels and modest late-quarter project acceleration by select customers, while also delivering against a growing international backlog. In parallel, FlexPipe captured the first commercial revenue from its recently released 8-inch technology and secured incremental orders that expand our backlog into Q4 for this important growth driver. Across MATA, we remain focused on operational execution, technology development, and disciplined capital allocation. The actions we have taken over the past several years to modernize our manufacturing footprint and refine our portfolio to prioritize highly attractive end markets are translating into strengthening financial performance. I could not be more proud of the MATA team members who are making this possible through their hard work, creativity, and dedication. Lastly, we were pleased to secure a GIX code reclassification late in Q2. MATA is now classified within the industrial sector, which we believe more appropriately reflects the critical infrastructure markets we serve and should improve comparability with a broader group of industrial peers over time. Tom will now walk us through some additional financial details.
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