Matthews International Corp (MATW)
NASDAQ:MATW
Want to see MATW full AI Analyst Report?
Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.41Last Year’s EPS
0.28Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a constructive strategic and financial narrative: management has materially repaired the balance sheet, achieved meaningful interest savings, demonstrated continued strength and accretive M&A in the Memorialization segment, secured operational and commercial milestones for Propellus, Axiom, and DBE (including favorable arbitration). These positive developments were offset by near-term revenue and EBITDA declines driven largely by intentional divestitures and transitional costs, an expanded operating cash outflow in H1, and ongoing execution risk in Industrial Technologies. Given that most negatives are structural/transitional while several high-impact positive catalysts (debt reduction, Propellus upside, Axiom commercialization, DBE IP win) are in motion, the tone of the call is more positive than negative.Company Guidance
Significant Balance Sheet Improvement & Interest Savings
Completed early redemption of $300M senior secured notes; total long-term debt down to $579M from $822M a year ago (reduction of ~$243M, ~29.6% YoY). Net debt ~ $543M and net debt decreased $135M since FY2025 end. Annual interest expense reduced by approximately $10M due to retiring high-cost notes.
Propellus Value Creation and Progress
40% equity interest in Propellus performing above the originally assumed $100M EBITDA run-rate; management expects Propellus EBITDA run-rate to be ~ $130M entering 2027. Propellus stood up its own SAP instance and will migrate SGS locations over the next 6–9 months; partial redemption of preferred expected and exit targeted within 12–18 months.
Memorialization Segment Strength
Cornerstone sales of $215.3M in Q2 vs $205.6M prior (+~4.8%) and adjusted EBITDA of $48.8M vs $45.0M prior (+~8.4%). Year-to-date Memorialization sales $419M and adjusted EBITDA $88M; segment stated to be operating at an annualized run-rate well above $175M adjusted EBITDA on its own.
Accretive Acquisition (Dodge) Contributing
Dodge acquisition added approximately $10–11M in sales per quarter and is ahead of EBITDA targets; after asset monetization and working capital actions, adjusted purchase price expected under $50M with EBITDA contributions expected to exceed $12M—characterized as highly accretive.
Axiom Product Commercialization & TAM Expansion
Product Identification (Axiom) shipped first production units to paying customers after resolving beta issues; commercial interest strong. Total addressable market estimate expanded to ~$3B. Management expects Axiom to contribute more meaningfully next year and is pursuing strategic/white-label partnerships.
DBE IP Win and Energy Solutions Momentum
Arbitrator issued an interim decision affirming Matthews' ownership/rights in DBE technology and denied broad injunctive relief sought by Tesla; narrow injunction had no material operational impact. This ruling reduced an overhang, increased customer engagement (including Japan and Europe), and supports longer-term partnership opportunities with ultracapacitor manufacturers.
Large Engineering Pipeline and Orders
Engineering side awarded a $25M order (U.S. conversion line) and has ~$75M of additional orders in active pipeline; management expects these to drive material improvement next year along with potential partnerships leveraging proprietary DBE technology.
Reaffirmed Full-Year Adjusted EBITDA Guidance
Company reaffirmed full-year adjusted EBITDA guidance of at least $180M (inclusive of 40% Propellus). Management believes achieving target requires stronger H2 driven by Memorialization trajectory, Industrial Technologies converting pipeline, and Propellus synergies.
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
MATW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $28.54 | $28.61 | +0.25% |
Feb 03, 2026 | $26.18 | $26.07 | -0.42% |
Nov 20, 2025 | $24.16 | $24.03 | -0.57% |
Aug 05, 2025 | $23.35 | $24.36 | +4.36% |
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.
FAQ
When does Matthews International Corp (MATW) report earnings?
Matthews International Corp (MATW) is schdueled to report earning on Jul 23, 2026, After Close (Confirmed).
What is Matthews International Corp (MATW) earnings time?
Matthews International Corp (MATW) earnings time is at Jul 23, 2026, After Close (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 2026 (Q3) is 0.41.