Matthews cuts FY26 adjusted EBITDA guidance to $158-162M; Q3 sales rise but segments weak

MATTHEWS INTERNATIONAL CORP

Q3 FY26: Memorialization sales higher; Product Identification +5%; $25M cash from Propelis preferred redemption.
Debt reduced $12M in Q3, $144M YTD; $10M annualized restructuring savings in European Engineering.
Revised FY26 adjusted EBITDA guidance to $158-162M (incl. 40% of Propelis), citing energy storage delays, Tesla dispute.
$5M shortfall from Propelis synergy timing; input cost inflation pressures Memorialization margins.
Strategic review ongoing; divested SGK (2025) and warehouse automation/European packaging (Q1 2026).

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