Matthews Q4 net loss $81M on $82.5M goodwill impairment; adj. EPS $0.82 vs $0.80

MATTHEWS INTERNATIONAL CORP

2022-FY EPS reported -$3.18 revenue$1,762,403,000

Consolidated sales $457.1M, up 4.2% YoY; constant currency growth of 9.5% driven by Industrial Technologies and Memorialization.
GAAP net loss $81.0M ($2.63 loss per share) vs $3.7M loss a year ago; includes $82.5M non-cash goodwill impairment at SGK Brand Solutions.
Non-GAAP adjusted net income $25.6M ($0.82 EPS) vs $25.2M; adjusted EBITDA $55.9M vs $52.0M, up 7.5%.
Energy storage business in Industrial Technologies posted strong Q4 growth; Olbrich and R+S Automotive acquisitions are integrating well.
SGK Brand Solutions initiated European cost reduction actions; sales down $12.7M reported but up $1.8M constant currency.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MATTHEWS INTERNATIONAL CORP reported fourth quarter ended September 30, 2022 results: revenue $ 457.1, net income $ (81.0), EPS $ (2.63).

Period: fourth quarter ended September 30, 2022
Revenue: $ 457.1
Net income: $ (81.0)
EPS: $ (2.63)
Result: reported results

Exact text from the filing

Fourth Quarter Fiscal 2022 Consolidated Results (Unaudited) ($ in millions, except per share data) Q4 FY2022 Q4 FY2021 Change % Change Sales $ 457.1 $ 438.8 $ 18.3 4.2 % Net loss attributable to Matthews $ (81.0) $ (3.7) $ (77.3) NM Diluted loss earnings per share $ (2.63) $ (0.12) $ (2.51) NM

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MATTHEWS INTERNATIONAL CORP reported fiscal year ended September 30, 2022 results: revenue $1.76 billion.

Period: fiscal year ended September 30, 2022
Revenue: $1.76 billion
Result: reported results

Exact text from the filing

Fiscal 2022 sales were $1.76 billion, exceeding prior year by $91.4 million, or 5.5%

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4 earnings releases filed in the last 30 days. Browse all earnings releases →

MATTHEWS INTERNATIONAL CORP filing history →

Source: SEC EDGAR

accession 0000063296-22-000097

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