Matthews International

Matthews International (MATW) Q4 2025 Earnings

Reported Nov 21, 2025 at 8:33 AM ET · SEC Source

Q4 25 EPS

$0.50

BEAT +150.00%

Est. $0.20

Q4 25 Revenue

$318.8M

BEAT +9.65%

Est. $290.8M

vs S&P Since Q4 25

-3.5%

TRAILING MARKET

MATW +9.5% vs S&P +13.0%

Full Year 2025 Results

FY 25 EPS

$1.26

FY 25 Revenue

$1.50B

Market Reaction

Did MATW Beat Earnings? Q4 2025 Results

Matthews International delivered a notably strong fiscal fourth quarter, with adjusted earnings of $0.50 per share beating the $0.20 consensus estimate by 150.00%, while revenue of $318.84 million cleared Wall Street's $290.79 million forecast by 9.6… Read more Matthews International delivered a notably strong fiscal fourth quarter, with adjusted earnings of $0.50 per share beating the $0.20 consensus estimate by 150.00%, while revenue of $318.84 million cleared Wall Street's $290.79 million forecast by 9.65%. The headline revenue decline of 28.6% year-over-year largely reflects the May 2025 divestiture of the SGK business into the Propelis joint venture rather than underlying operational weakness; stripping away that structural shift, the Memorialization segment emerged as the clear engine of the quarter, powered by the acquisition of The Dodge Company, bronze memorial volume gains, and inflationary pricing, helping gross margin expand sharply to 36.3% from 26.3% a year ago. The company also announced the sale of its Warehouse Automation business to Duravant for $230 million, with proceeds earmarked to reduce net debt leverage below 3.0x. Looking ahead, management is targeting fiscal 2026 adjusted EBITDA of at least $180 million, supported by a full year of Dodge Company contributions and further cost reduction actions, while the broader strategic alternatives review remains ongoing.

Key Takeaways

  • Acquisition of The Dodge Company boosted Memorialization segment sales
  • Inflationary price realization and higher bronze memorial volumes
  • SGK divestiture significantly impacted year-over-year revenue comparability
  • Lower corporate and non-operating costs
  • Warehouse automation sales recovery
  • Gross margin expansion to 36.3% from 26.3% reflecting business mix shift post-divestiture
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MATW YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

MATW Revenue by Segment

With YoY comparisons, source: SEC Filings

Q3 25 Q2 26

“I am pleased to report that we had a strong finish to fiscal 2025 as our consolidated results were ahead of our initial expectations for the fiscal 2025 fourth quarter. Sales for the Memorialization segment and warehouse automation business outperformed their levels from the same quarter a year ago, and we continued to lower our corporate and other non-operating costs.”

— Joseph C. Bartolacci, Q4 2025 Earnings Press Release