earnings
confidence high
sentiment positive
materiality 0.75
Matthews Q2 fiscal 2026: adjusted EBITDA guidance reaffirmed; $300M note redemption
MATTHEWS INTERNATIONAL CORP
2026-Q2 EPS reported
$0.69
revenue$543,382,000
- Redeemed $300M of 8.625% Senior Secured Second Lien Notes due 2027, lowering interest expense.
- Arbitrator reaffirmed right to sell DBE solutions; narrow injunction on certain parts already replaced.
- Propelis JV achieved key milestone; targeting $60M cost synergies in second half calendar 2026.
- Memorialization segment sales up on Dodge acquisition; Industrial Technologies down on divestiture and Tesla dispute.
- Maintains FY2026 adjusted EBITDA guidance of $180M, including 40% share of Propelis.