Overview
Matthews Q4 sales beat analyst expectations, driven by Memorialization segment growth
Adjusted EPS for Q4 beats consensus, reflecting strong operational performance
Company plans to reduce net leverage ratio below 3.0x with warehouse automation sale
Outlook
Matthews targets fiscal 2026 adjusted EBITDA of at least $180 mln
Company expects continued growth in Memorialization segment for fiscal 2026
Matthews plans cost reduction actions amid challenges in engineering business
Result Drivers
MEMORIALIZATION GROWTH - Higher sales driven by The Dodge Company acquisition and increased bronze memorial sales
WAREHOUSE AUTOMATION RECOVERY - Sales increased due to market recovery
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Sales | Beat | $318.84 mln | $290.79 mln (2 Analysts) |
Q4 Adjusted EPS | Beat | $0.50 | $0.20 (2 Analysts) |
Q4 EPS | -$0.88 | ||
Q4 Net Income | -$27.47 mln | ||
Q4 Adjusted EBITDA | Beat | $51.52 mln | $42.20 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 $37.00, about 32.9% above its November 19 closing price of $24.84
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 29 three months ago
Press Release: ID:nPn159JlRa
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(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.)