Matthews Q2 FY2024 sales $471.2M, GAAP EPS $0.29, adj EPS $0.69; FY2024 EBITDA guidance ~$220M

MATTHEWS INTERNATIONAL CORP

2024-Q2 EPS reported $0.22 revenue$921,209,000

Net sales $471.2M, down 1.7% YoY; net income $9.0M, flat vs. $9.1M a year ago.
Non-GAAP adjusted EPS $0.69, up 6.2% from $0.65; adjusted EBITDA $56.8M vs. $58.4M.
Outstanding debt reduced by $19.6M; net debt down $27.2M; bond refinancing (Dec 2025 maturity) expected before fiscal year-end.
FY2024 adjusted EBITDA projected ~$220M, impacted by customer delays in energy storage; shipments now extending into mid-FY2025.
SGK Brand Solutions sales and adjusted EBITDA higher YoY; Memorialization sales flat despite lower death rates.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

MATTHEWS INTERNATIONAL CORP reported second quarter of fiscal 2024 results: revenue $471.2, net income $9.0, EPS $0.29. Guidance lowered.

Period: second quarter of fiscal 2024
Revenue: $471.2
Net income: $9.0
EPS: $0.29
Guidance: lowered
Result: reported results

Exact text from the filing

late stages of order development. ” Second Quarter Fiscal 2024 Consolidated Results (Unaudited) ($ in millions, except per share data) Q2 FY2024 Q2 FY2023 Change % Change Sales $ 471.2 $ 479.6 $ (8.4) (1.7) % Net income attributable to Matthews $ 9.0 $ 9.1 $ (0.1) (1.1) % Diluted earnings per share $ 0.29 $ 0.29 $ 0.00 0.0 % Non-GAAP adjusted net income $ 21.8 $

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Source: SEC EDGAR

accession 0000063296-24-000044

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