Matthews Q4 net income $17.7M vs loss; Industrial Tech FY sales exceed $500M

MATTHEWS INTERNATIONAL CORP

2023-FY EPS reported $1.26 revenue$1,880,896,000

Q4 sales $480.2M (+5% YoY); net income $17.7M vs $(81.0M) loss; adjusted EBITDA $61.9M (+10.7%).
Industrial Technologies FY2023 sales exceeded $500M, up from $335.5M (+50%+), on energy storage solutions.
All three segments reported higher adjusted EBITDA in Q4; Memorialization stable despite lower U.S. deaths.
Non-GAAP adjusted EPS $0.96 vs $0.82; diluted EPS $0.56 vs $(2.63) loss a year ago.
Fiscal 2024 guidance: expects continued consolidated sales and adjusted EBITDA growth.

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 0.95

MATTHEWS INTERNATIONAL CORP reported fourth quarter and fiscal year ended September 30, 2023 results: revenue $480.2, net income $17.7, EPS $0.56. Guidance reaffirmed.

Period: fourth quarter and fiscal year ended September 30, 2023
Revenue: $480.2
Net income: $17.7
EPS: $0.56
Guidance: reaffirmed
Result: reported results

Exact text from the filing

on orders and related timing.” Fourth Quarter Fiscal 2023 Consolidated Results (Unaudited) ($ in millions, except per share data) Q4 FY2023 Q4 FY2022 Change % Change Sales $ 480.2 $ 457.1 $ 23.1 5.0 % Net income (loss) attributable to Matthews $ 17.7 $ (81.0) $ 98.7 (121.9) % Diluted earnings (loss) per share $ 0.56 $ (2.63) $ 3.19 (121.3) % Non-GAAP

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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 0000063296-23-000101

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