Matthews International Corporation · NASDAQ:MATW
Matthews International — Q3 2025 Earnings Presentation
17 slides from Matthews International's earnings presentation, Aug 6, 2025
Slide 1: Third Quarter Fiscal 2025 Earnings Review
Third Quarter Fiscal 2025 Earnings Review August 6, 2025 www.matw.com | Nasdaq: MATW Joseph C. Bartolacci President and Chief Executive Officer Steven F. Nicola Chief Financial Officer and Treasurer
Slide 2: Disclaimer
DISCLAIMER Any forward-looking statements contained in this release are included pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, beliefs,
Slide 3: Business Overview
Matthews lanes OVERVIEW INTERNATIONAL
Slide 4: Business Update
BUSINESS UPDATE • Benefits from ongoing productivity and cost reduction initiatives and inflationary price realization MEMORIALIZATION • Lower casketed deaths and impact of granite backlog reduction efforts in the prior year • Benefits from acquisition of The Dodge Company INDUSTRIAL • Engineering b
Slide 5: Outlook for Fiscal 2025
OUTLOOK FOR FISCAL 2025 Key Drivers • Maintaining adjusted EBITDA guidance of at least $190 million (including our estimated 40% share of Propelis) • Solid performance expected for the Memorialization segment • Demand and interest in our energy storage solutions are regaining strength as customer qu
Slide 6: Financial Overview
Matthews Gaul OVERVIEW INTERNATIONAL
Slide 7: Q3 2025 Summary
Q3 2025 SUMMARY 3rd Quarter ("Q3") Highlights ($ in millions except per-share amounts) Sales Q3 Q3 2024 Q3 2025 • Decrease primarily reflected the divestiture of SGK on May 1, 2025 Sales $ 427.8 $ 349.4 GAAP EPS Diluted EPS $ 0.06 $ 0.49 • Gain on the divestiture of SGK (net of transaction-related N
Slide 8: Memorialization
MEMORIALIZATION ($ in millions) Q3 Sales YTD Sales $632.9 $599.8 $202.7 $203.7 Sales • Lower unit sales of caskets, memorial products, and cremation equipment, offset partially by higher mausoleum sales • Price realization to mitigate cost increases • Favorable net impact of recently completed acqui
Slide 9: Industrial Technologies
INDUSTRIAL TECHNOLOGIES ($ in millions) $91.7 Q3 Sales YTD Sales $87.9 $319.2 Sales • Engineering sales continue to be impacted $249.3 by recent challenges offset partially by higher sales for the warehouse automation business • Favorable currency impacts of $2.9 million for Q3 and $1.0 million YTD
Slide 10: Brand Solutions
BRAND SOLUTIONS ($ in millions) Q3 Sales YTD Sales $133.4 Sales • Decrease primarily reflected the divestiture $396.9 of the SGK Business on May 1, 2025 $329.7 • Improved year over year sales for the $57.7 period prior to the divestiture Adjusted EBITDA Q3 FY2024 Q3 FY2025 FY2024 FY2025 • Divestitur
Slide 11: Capitalization and Cash Flows
CAPITALIZATION AND CASH FLOWS ($ in millions) Total Debt and Net Debt* Operating Cash Flow $43.3 $776.5 $735.7 $702.5 $682.1 09/30/24 06/30/25 $(33.9) Note: Dark gray shades on the left represent Total Debt. YTD FY2024 YTD FY2025 Cash • YTD cash flows reflected costs related to the SGK transaction,
Slide 12: Supplemental Information
Matthews Bug INFORMATION INTERNATIONAL
Slide 13: Reconciliations of Non-GAAP Financial Measures
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES Included in this report are measures of financial performance that are not defined by GAAP, including, without limitation, adjusted EBITDA, adjusted net income and EPS, constant currency sales, and constant currency adjusted EBITDA, and net debt. The Co
Slide 14: Adjusted EBITDA
ADJUSTED EBITDA Three Months Ended June 30, Nine Months Ended June 30, NON-GAAP RECONCILIATION (Unaudited) (In thousands) 2025 2024 2025 2024 Net income $ 15,387 $ 1,777 $ 2,999 $ 8,501 Income tax provision (benefit) 43,477 (8,829) 38,391 (10,677) Income (loss) before income taxes $ 58,864 $ (7,052)
Slide 15: Adjusted Net Income and Earnings Per Share
ADJUSTED NET INCOME AND EARNINGS PER SHARE NON-GAAP RECONCILIATION (Unaudited) (In thousands, except per share data) Three Months Ended Nine Months Ended June 30, June 30, 2025 2024 2025 2024 per share per share per share per share Net income attributable to Matthews $ 15,387 $ 0.49 $ 1,777 $ 0.06 $
Slide 16: Constant Currency Sales and Adjusted EBITDA
CONSTANT CURRENCY SALES AND ADJUSTED EBITDA NON-GAAP RECONCILIATION (Unaudited) (In thousands) Corporate and Non- Memorialization Industrial Technologies Brand Solutions Operating Consolidated Reported sales for the quarter ended June 30, 2025 $ 203,728 $ 87,901 $ 57,748 $ — $ 349,377 Changes in for
Slide 17: Net Debt
NET DEBT NON-GAAP RECONCILIATION (Unaudited) (Dollars in thousands) June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 Long-term debt, current maturities $ 6,379 $ 6,357 $ 7,260 $ 6,853 Long-term debt 696,120 815,823 801,951 769,614 Total debt 702,499 822,180 809,211 776,467 Less: Cas
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