Matthews Q1 fiscal 2024 net loss $2.3M; EBITDA down 7.7% on energy delays

MATTHEWS INTERNATIONAL CORP

2024-Q1 EPS reported -$0.07 revenue$449,986,000

Sales flat at $450M; net loss $2.3M vs income $3.7M a year ago; diluted EPS $(0.07).
Adjusted EBITDA $45.5M, down 7.7% YoY; adjusted EPS $0.37 vs $0.53.
Industrial Technologies sales grew but energy sales delayed; backlog >$100M.
Memorialization sales up on granite products and Eagle Granite acquisition; caskets down.
Renewed $750M revolver to Jan 2029; fiscal 2024 outlook unchanged.

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 fiscal quarter of 2024 results: revenue $450.0 million, net income $(2.3) million, EPS $(0.07). Guidance reaffirmed.

Period: first fiscal quarter of 2024
Revenue: $450.0 million
Net income: $(2.3) million
EPS: $(0.07)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Director, Corporate Development MATTHEWS INTERNATIONAL REPORTS RESULTS FOR FISCAL 2024 FIRST QUARTER Fiscal 2024 First Quarter Financial Highlights: • Consolidated sales of $450.0 million, compared to $449.2 million a year ago • Industrial Technologies and Memorialization report another quarter of sales growth • Adjusted EBITDA for SGK Brand Solutions higher than

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Source: SEC EDGAR

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