From GlobeNewswire: 2025-02-06 18:30:00

Matthews International Corporation reported financial results for the first quarter of fiscal 2025. The company maintained its outlook for the full fiscal year, with positive performance in the Memorialization and SGK Brand Solutions segments. An arbitration ruling in favor of the company allows it to sell its DBE solutions. Regulatory filings for the SGK transaction have been initiated, with completion expected by mid-2025. Sales for the first quarter declined compared to the previous year, but cost reduction initiatives are on track. Adjusted EBITDA and net income also decreased. A webcast is scheduled for February 7, 2025, to discuss these results.

Consolidated sales for the first quarter of fiscal 2025 were $401.8 million, down from $450.0 million in the same period last year. Net loss attributable to Matthews was $3.5 million, with a diluted loss per share of $0.11. Adjusted net income and EPS also decreased compared to the previous year. Adjusted EBITDA for the quarter was $40.0 million, a decline from $45.5 million in the same period last year.

Non-GAAP financial measures were used to provide additional insight into the company’s performance, excluding certain items that do not reflect core operations. These measures include adjusted EBITDA, adjusted net income, constant currency sales, and net debt leverage ratio. Matthews International Corporation is a global provider of memorialization products, industrial technologies, and brand solutions, with over 11,000 employees in more than 30 countries.



Read more at GlobeNewswire: Matthews International Reports Results for Fiscal 2025