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Matthews International (MATW)
NASDAQ:MATW
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.38Last Year’s EPS
0.69Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: -15.69%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant challenges in sales declines and increased debt but was balanced by a major arbitration victory, promising cost reduction initiatives, and positive outlooks in specific segments like SGK Brand Solutions and warehouse automation.Company Guidance
During the Matthews International First Quarter Fiscal 2025 Financial Results Conference Call, the company provided several key financial metrics and guidance. For the fiscal 2025 first quarter, sales for the memorialization segment were $190.5 million, down from $208.1 million the previous year, largely due to lower Granite Memorial sales and a decline in casket unit volumes. Adjusted EBITDA for this segment remained stable at $36.6 million, despite higher U.S. healthcare costs. The industrial technology segment saw a significant decrease in sales to $80.5 million from $111.4 million, impacted by a slowdown in the Tesla project and litigation effects, with adjusted EBITDA falling to $1.8 million from $9.6 million. The SGK Brand Solutions segment reported sales of $130.8 million, a slight increase from the prior year, but adjusted EBITDA decreased to $12.3 million due to higher wages and benefits. The company emphasized ongoing cost reduction efforts, with anticipated annual savings of up to $50 million, and a focus on debt reduction. Their net debt was $776 million at the end of the quarter, with a leverage ratio of 3.88, expected to improve with the $250 million proceeds from the SGK transaction expected mid-2025.Arbitration Victory
The company won an arbitration ruling against Tesla, confirming its rights to market and sell dry battery electrode technology, which is expected to boost its energy business.
Cost Reduction Initiatives
The company is on track to achieve or potentially exceed $50 million in annual savings through cost reduction programs across business units.
SGK Brand Solutions Segment Growth
The SGK Brand Solutions segment reported a slight increase in sales to $130.8 million, driven by improved pricing and higher sales in key markets.
Positive Outlook for Warehouse Automation
The warehouse automation business is seeing increased interest and order intake, indicating a potential recovery and strong performance in the coming quarters.
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MATW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MATW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $29.19 | $26.30 | -9.90% |
| Nov 21, 2024 | $25.04 | $30.30 | +21.01% |
| Aug 01, 2024 | $27.31 | $25.94 | -5.02% |
| May 02, 2024 | $26.17 | $27.83 | +6.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Matthews International (MATW) report earnings?
Matthews International (MATW) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Matthews International (MATW) earnings time?
Matthews International (MATW) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MATW EPS forecast?
MATW EPS forecast for the fiscal quarter 2025 (Q2) is 0.38.
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