Brief: Matthews International Q3 Adjusted EPS USD 0.28

Matthews International

05/08/2025 21:15

Overview

Matthews International fiscal Q3 rev beats analyst expectations, per LSEG data

Adjusted EPS for fiscal Q3 beats consensus, per LSEG data

Co reduces debt by $120 mln, driven by SGK divestiture proceeds

Outlook

Matthews maintains fiscal 2025 adjusted EBITDA guidance of at least $190 mln

Company expects further debt reduction in fiscal 2025 Q4

Matthews' strategic alternatives evaluation ongoing, updates expected in coming months

Result Drivers

COST REDUCTION - Co attributes improved earnings to benefits from cost reduction actions

MEMORIALIZATION SALES - Higher sales driven by acquisition of The Dodge Company, despite lower casket and memorial volumes

INDUSTRIAL TECH CHALLENGES - Segment sales decline due to impact of Tesla litigation, but warehouse automation shows recovery

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$349.40 mln
$321.90 mln (2 Analysts)
Q3 Adjusted EPS
Beat
$0.28
$0.21 (2 Analysts)
Q3 EPS
$0.49
Q3 Adjusted Net Income
Beat
$9.20 mln
-$175,000 (1 Analyst)
Q3 Net Income
$15.40 mln
Q3 Adjusted EBITDA
Beat
$44.60 mln
$40.30 mln (2 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the personal products peer group is "buy"

Wall Street's median 12-month price target for Matthews International Corp is $38.00, about 39.1% above its August 4 closing price of $23.16

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nGNXHGFLC

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)