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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.
Matthews International Corporation (NASDAQ:MATW ) Q4 2024 Earnings Conference Call November 22, 2024 9:00 AM ET Company Participants Bill Wilson - Senior Director-Corporate Development Joe Bartolacci - President and CEO Steve Nicola - CFO Conference Call Participants Daniel Moore - CJS Securities Liam Burke - B. Riley Securities Justin Bergner - Gabelli Colin Rusch - Oppenheimer Operator Greetings, and welcome to the Matthews International Fourth Quarter and Year-End Fiscal 2024 Financial Results.
Matthews International faces challenges due to an outstanding Tesla lawsuit casting a pall, but historically low stock levels present a potential buying opportunity as operating metrics may improve. The company's memorialization business shows promise with expected Q4 improvements, lapping declining death rates and tough comparisons. Industrial technology struggles with stalled EV battery equipment orders, but new product launches and backlog liquidation could drive consolidation in results.
Matthews International Corporation (NASDAQ:MATW ) Q3 2024 Earnings Conference Call August 2, 2024 9:00 AM ET Company Participants Bill Wilson - Senior Director-Corporate Development Joe Bartolacci - President and CEO Steve Nicola - CFO Conference Call Participants Daniel Moore - CJS Securities Justin Bergner - Gabelli Operator Greetings, and welcome to Matthews International Third Quarter Fiscal 2024 Financial Results Conference Call. At this time all participants are in a listen-only mode.
Matthews International (MATW) came out with quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.74 per share a year ago.