Matthews International (MATW) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.69 per share a year ago.
Matthews International Corporation (NASDAQ:MATW ) Q1 2025 Earnings Conference Call February 7, 2025 9:00 AM ET Company Participants Steve Nicola - CFO Joe Bartolacci - President and CEO Conference Call Participants Liam Burke - B. Riley Daniel Moore - CJS Securities Justin Bergner - Gabelli Colin Rusch - Oppenheimer Steve Percoco - Lark Research Ethan Kalis - Bank of America Operator Greetings, and welcome to the Matthews International First Quarter Fiscal 2025 Financial Results Conference Call.
Matthews International (MATW) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.37 per share a year ago.
Here is how Matthews International (MATW) and Premier Foods PLC. (PRRFY) have performed compared to their sector so far this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Matthews International (MATW) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
The sale of SGK Brands Solutions at a higher-than-expected valuation is a major win, boosting Matthews International Corporation's stock price and aiding deleveraging efforts. The $250 million cash consideration and additional receivables will significantly reduce MATW's net financial position and interest costs, possibly by around 33%. The focus now shifts to the stable and profitable memorialization business and the industrial tech segment, which has potential for a turnaround.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
MATW, ZIM, PWR and OBT recently announced dividend hikes.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Matthews International Corporation reported strong earnings, with cost control and deleveraging progress, despite issues in the EV market and marketing limitations for battery technology. The launch of new products like the laser product and Acxiom, along with cost reductions, are expected to drive future growth and profitability in 2025. Memorialization business showed margin improvement and EBITDA growth, benefiting from inventory costing dynamics and cost-cutting measures, despite sales declines.
MATW's fourth-quarter performance is impacted by ongoing customer delays in its energy business, but its cost reduction program is showing strong progress.