Matthews Q1 sales $449.2M (+2.4%); net income $3.7M vs loss; reaffirms guidance

MATTHEWS INTERNATIONAL CORP

2023-Q1 EPS reported $0.12 revenue$449,240,000

Sales $449.2M, up 2.4% YoY; net income $3.7M vs loss $19.8M (swing of $23.5M).
Non-GAAP adjusted EPS $0.53 vs $0.74 (-28.4%); adjusted EBITDA $49.3M vs $53.3M (-7.5%).
Industrial Technologies sales +47% YoY; segment orders ~$270M, including energy storage.
Company reaffirms fiscal 2023 guidance.
Memorialization steady; SGK Brand Solutions impacted by currency and European challenges.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MATTHEWS INTERNATIONAL CORP reported first quarter of fiscal 2023 results: revenue $449.2, net income $3.7, EPS $0.12. Guidance reaffirmed.

Period: first quarter of fiscal 2023
Revenue: $449.2
Net income: $3.7
EPS: $0.12
Guidance: reaffirmed
Result: reported results

Exact text from the filing

begin to produce improved margins.” First Quarter Fiscal 2023 Consolidated Results (Unaudited) ($ in millions, except per share data) Q1 FY2023 Q1 FY2022 Change % Change Sales $ 449.2 $ 438.6 $ 10.6 2.4 % Net income (loss) attributable to Matthews $ 3.7 $ (19.8) $ 23.5 118.7 % Diluted earnings (loss) per share $ 0.12 $ (0.62) $ 0.74 119.4 % Non-GAAP adjusted

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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 0000063296-23-000009

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