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Matthews International (MATW)
NASDAQ:MATW
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
$0.23Last Year’s EPS
$0.37Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 21, 2024
|% Change Since: 8.99%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with strengths in SGK Brand Solutions and Memorialization segments, effective debt reduction, and innovation in Energy Solutions as positives. However, these were offset by significant challenges in the Industrial Technologies segment, a net loss due to various charges, and the ongoing Tesla dispute impacting Energy Solutions. The balance of positive and negative elements results in a neutral overall sentiment.Company Guidance
During the Matthews International Q4 2024 earnings call, the company provided guidance for fiscal 2025, expecting adjusted EBITDA to be between $205 million and $215 million. The call highlighted the challenges faced in fiscal 2024, with consolidated sales reported at $1.8 billion and adjusted EBITDA meeting the revised guidance target of $205 million. For Q4 2024, consolidated sales were $447 million, down from $480 million in Q4 2023, and adjusted EBITDA was $58 million. The company's Memorialization segment reported $163 million in adjusted EBITDA for the fiscal year, while SGK Brand Solutions experienced a third consecutive quarter of higher sequential sales. The Industrial Technologies segment faced slow shipments and installations, but a market recovery is anticipated in 2025. Matthews International also engaged JPMorgan to explore strategic alternatives for the Industrial Technologies segment, aiming to maximize shareholder value.SGK Brand Solutions Stabilization
SGK reported a third consecutive quarter of higher sequential sales and good margins, driven by cost control, price improvements, and growth in the APAC region. The transition to an e-commerce digital marketing platform has set them apart from market peers.
Memorialization Segment Performance
Memorialization reported $163 million in adjusted EBITDA, improving from $146 million in 2020. The segment benefited from pricing actions, small acquisitions, and cremation and mausoleum product sales, contributing to better operating margins.
Debt Reduction and Financial Management
The company reduced its outstanding debt by over $50 million during the fourth quarter, and the net debt leverage ratio improved from 3.8% to 3.6%. The revolving credit facility was renewed and extended through 2029.
Patent and Innovation in Energy Solutions
A new U.S. patent was received for systems manufacturing dry battery electrodes, indicating continued innovation and a strong intellectual property portfolio in the Energy Solutions business.
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MATW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MATW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 21, 2024 | $25.28 | $30.58 | +20.97% |
| Aug 01, 2024 | $27.57 | $26.19 | -5.01% |
| May 02, 2024 | $26.42 | $28.10 | +6.36% |
| Feb 01, 2024 | $32.33 | $29.89 | -7.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Matthews International (MATW) report earnings?
Matthews International (MATW) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Matthews International (MATW) earnings time?
Matthews International (MATW) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MATW EPS forecast?
MATW EPS forecast for the fiscal quarter 2025 (Q1) is $0.23.
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