Matthews reports Q4 non-GAAP EPS 50c vs. 55c last year

Reports Q4 revenue $318.8M vs. $446.7M last year. CEO Joseph Bartolacci stated: “I am pleased to report that we had a strong finish to FY25 as our consolidated results were ahead of our initial expectations for the FY25 Q4. Sales for the Memorialization segment and warehouse automation business outperformed their levels from the same quarter a year ago, and we continued to lower our corporate and other non-operating costs. Please note that the divestiture of the SGK business was a significant factor in the year-over-year comparability of the company’s financial results…During FY25, these accomplishments included: divestiture of the SGK business at an accretive valuation while maintaining a significant interest in this business through our 40% ownership of Propelis; favorable rulings in the Tesla litigation; multiple asset sales; reduction in outstanding debt; annual increase in dividends to our shareholders; further reduction in the company’s corporate costs; commercial launch of the new printhead solution; and announcement of the pending sales of the warehouse automation and European packaging businesses, also at accretive valuations…For FY26, we expect continued growth in the Memorialization segment, particularly with the full year contribution from the acquisition of The Dodge Company. Additionally, while we expect conditions for the engineering business to remain challenged as a result of the ongoing litigation, we are currently planning further cost reduction actions designed to mitigate further declines while we work toward the future realization of the significant opportunities we have created. In consideration of these factors, we are currently targeting adjusted EBITDA (including our 40% share of Propelis) to be at least $180M for FY26.”