Mattr Announces Second Quarter 2023 Results
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Jeudi, août 10, 2023
Permian, LSC, PPS, Communication, SGP, Telephone, Dragon, Ageing, Dragon (magazine), GAAP, Composites Technology Research Malaysia, FRP, Sale, LNG, EBITDA, Investment, Risk, PPG, Water, Strategy, Growth, SPS, Adjustment, Pipeline, Conference, OAM, Bank, Video game, Renewable energy, Natural gas, Arms industry, Chemical, Yellowtail, Webcast
Composite Technologies segment revenue in the second quarter of 2023 was $150.4 million, a quarterly record for the segment and an increase of $14.9 million, or 11%, compared to the second quarter of 2022, with an operating income of $25.6 million.
Key Points:
- Composite Technologies segment revenue in the second quarter of 2023 was $150.4 million, a quarterly record for the segment and an increase of $14.9 million, or 11%, compared to the second quarter of 2022, with an operating income of $25.6 million.
- Adjusted EBITDA1 in the second quarter of 2023 was $34.8 million, a new quarterly record and a 50% increase compared to $23.2 million in the second quarter of 2022.
- Adjusted EBITDA1 in the second quarter of 2023 was $17.1 million, an increase compared to the negative $0.7 million reported in the second quarter of 2022, primarily related to higher revenue and improved utilization.
- Mattr will be hosting a Shareholder and Analyst Conference Call and Webcast on Friday, August 11th, 2023 at 9:00 AM ET, which will discuss the Company’s Second Quarter 2023 Financial Results.