Matthews International Corporation · NASDAQ:MATW
Matthews International — Q2 2026 Earnings Presentation
17 slides from Matthews International's earnings presentation, May 1, 2026
Slide 1: Second Quarter Fiscal 2026 Earnings Review
Second Quarter Fiscal 2026 Earnings Review May 1, 2026 www.matw.com | Nasdaq: MATW Joseph C. Bartolacci President and Chief Executive Officer Daniel E. Stopar 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 cost reduction initiatives and inflationary price realization MEMORIALIZATION • Benefits from acquisition of The Dodge Company • Sales volumes of caskets and cemetery memorials declined due to lower estimated U.S. casketed death rate INDUSTRIAL • • Divestiture
Slide 5: Outlook for Fiscal 2026
OUTLOOK FOR FISCAL 2026 Key Drivers • Maintaining adjusted EBITDA guidance of $180 million (including our estimated 40% share of Propelis and income from preferred equity investment in Propelis) • Memorialization expected to continue delivering modest year to year sales growth • Conditions for engin
Slide 6: Financial Overview
Matthews Gaul OVERVIEW INTERNATIONAL
Slide 7: Q2 2026 Summary
Q2 2026 SUMMARY 2nd Quarter ("Q2") Highlights ($ in millions except per-share amounts) Sales • Acquisition of The Dodge Company Q2 Q2 2025 Q2 2026 • Lower energy storage sales Sales $ 427.6 $ 258.6 • Divestitures of SGK (May 2025), Warehouse Automation (December 2025), and European rotogravure packa
Slide 8: Memorialization
MEMORIALIZATION ($ in millions) Q2 Sales YTD Sales $205.6 $215.3 $419.4 $396.1 Sales • Acquisition of The Dodge Company • Lower unit sales of caskets and cemetery memorials • Lower sales of cremation equipment and mausoleums • Price realization to mitigate cost increases Q2 FY2025 Q2 FY2026 FY2025 F
Slide 9: Industrial Technologies
INDUSTRIAL TECHNOLOGIES ($ in millions) Q2 Sales YTD Sales $80.8 $161.4 Sales • Lower energy storage sales $112.4 • Divestitures of Warehouse Automation and $43.4 European tooling businesses (December 2025) • Engineering sales impacted by customer delays • Higher Product Identification sales Q2 FY20
Slide 10: Brand Solutions
BRAND SOLUTIONS ($ in millions) Q2 Sales YTD Sales $141.2 $272.0 Sales • Divestitures of SGK (May 2025) and European rotogravure packaging (December 2025) Adjusted EBITDA • Divestitures of SGK (May 2025) and $11.6 European rotogravure packaging $— (December 2025) Q2 FY2025 Q2 FY2026 FY2025 FY2026 •
Slide 11: Capitalization and Cash Flows
CAPITALIZATION AND CASH FLOWS ($ in millions) Total Debt and Net Debt* Operating Cash Flow $710.8 $678.4 $579.2 $543.2 $(18.7) 09/30/25 03/31/26 $(67.4) Note: Dark gray shades on the left represent Total Debt. YTD FY2025 YTD FY2026 Cash $36.1 $32.4 • YTD cash flows reflected costs related to divesti
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 March 31, Six Months Ended March 31, NON-GAAP RECONCILIATION (Unaudited) (In thousands) 2026 2025 2026 2025 Net (loss) income $ (21,834) $ (8,916) $ 21,795 $ (12,388) Income tax (benefit) provision (6,217) (2,728) 34,572 (5,086) (Loss) income before income taxes $
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 Six Months Ended March 31, March 31, 2026 2025 2026 2025 per share per share per share per share Net (loss) income attributable to Matthews $ (21,834) $ (0.69) $ (8
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 March 31, 2026 $ 215,257 $ 43,362 $ — $ — $ 258,619 Changes in foreign
Slide 17: Net Debt
NET DEBT NON-GAAP RECONCILIATION (Unaudited) (Dollars in thousands) March 31, 2026 December 31, 2025 September 30, 2025 Long-term debt, current maturities $ 7,298 $ 7,271 $ 7,230 Long-term debt 571,950 529,756 703,602 Total debt 579,248 537,027 710,832 Less: Cash and cash equivalents (36,088) (31,35
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