Matthews International (MATW) Q1 2026

Q2 2026 Q1 2026 Q4 2025 Q3 2025

Earnings

Matthews International delivered a deeply conflicted fiscal first quarter, with a sharp non-GAAP earnings miss overshadowing a modest revenue beat as the company navigates a sweeping portfolio transformation. On an adjusted basis, the Pittsburgh-base… Read more Matthews International delivered a deeply conflicted fiscal first quarter, with a sharp non-GAAP earnings miss overshadowing a modest revenue beat as the company navigates a sweeping portfolio transformation. On an adjusted basis, the Pittsburgh-based firm posted a loss of $0.19 per share, falling well short of the $0.04 consensus estimate by 522.22%, as elevated Tesla litigation costs of $9.00 million, unfavorable foreign tax impacts, and a weakened Industrial Technologies segment weighed on underlying profitability. Revenue came in at $284.76 million, edging 0.80% above estimates, though total sales declined 29.1% year over year, largely reflecting the absence of SGK brand solutions revenue following that business's contribution to the Propelis joint venture. The Memorialization segment provided a measure of stability, with sales growing to $204.18 million and adjusted EBITDA margins near 19.1%, while aggressive debt reduction cut net debt to $505.67 million. Management maintained fiscal 2026 adjusted EBITDA guidance of at least $180.00 million, counting on dry battery electrode orders and Propelis synergy realization to support the second half.