Matthews International Q2 sales fall

Matthews International

30/04/2026 21:30

Overview

US memorial products maker's fiscal Q2 sales declined

Adjusted EPS for fiscal Q2 increased 8.8% yr/yr despite recent divestitures

Company posted GAAP net loss, citing unusual charges and amortization impacts

Outlook

Matthews maintains fiscal 2026 adjusted EBITDA guidance at $180 mln, including Propelis share

Company expects Memorialization segment to deliver modest year-to-year sales growth in 2026

Matthews anticipates challenging conditions for engineering business to persist in 2026

Result Drivers

MEMORIALIZATION SEGMENT - Higher sales in the segment driven by The Dodge Company acquisition and cost synergies, with inflationary price realization offsetting lower volumes

COST REDUCTIONS - Decline in corporate and non-operating costs, with further cost reduction plans underway as post-divestiture obligations expire

DIVESTITURES AND REFINANCING - Lower recurring interest expense due to bond refinancing and debt reduction funded by divestitures

Company press release: ID:nPn3s6N7Wa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$258.6 mln
$253.65 mln (2 Analysts)
Q2 Adjusted EPS
Beat
$0.37
$0.17 (2 Analysts)
Q2 EPS
-$0.69
Q2 Net Income
-$21.8 mln


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 36.8% above its April 29 closing price of $27.78

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 29 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)