Value Creation and Cost Reduction Success
The company saw initial benefits from a value creation plan, including a gain from the divestiture of SGK, consolidated savings from a cost reduction program, lower corporate and nonoperating costs, and improved EBITDA performance in the Memorialization and Industrial Technologies segments.
Memorialization Segment Performance
Memorialization reported a modest revenue increase and strong margin results in Q3 2025, driven by the Dodge acquisition and divestiture of the European cremation business. The Dodge acquisition is expected to add $12 million of annual EBITDA.
Warehouse Automation Business Growth
The warehouse automation business saw a continuation of positive order trends driven by AI-driven automation and other market dynamics, resulting in a significant increase in backlog.
Debt Reduction
The company's debt position decreased by $120 million during the quarter, reflecting proceeds from the SGK transaction, with further reductions expected.
Positive Market Feedback for Propelis
The newly formed Propelis Group is projecting initial annual adjusted EBITDA of about $100 million, with significant synergies identified.