Matthews International Corporation · NASDAQ:MATW
Matthews International — Q3 2026 Earnings Presentation
17 slides from Matthews International's earnings presentation, Aug 7, 2026
Slide 1: Third Quarter Fiscal 2026 Earnings Review
Third Quarter Fiscal 2026 Earnings Review August 7, 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 acquisition of The Dodge Company, including realization of targeted cost synergies MEMORIALIZATION • Sales volumes of caskets and cemetery memorials decline due to lower estimated U.S. casketed deaths • Escalating input costs, including tariffs, continue to be a headw
Slide 5: Outlook for Fiscal 2026
OUTLOOK FOR FISCAL 2026 Key Drivers • Revised adjusted EBITDA guidance to be in the range of $158 million to $162 million (including our estimated 40% share of Propelis and income from preferred equity investment in Propelis) • Conditions for engineering business remain challenging due to the ongoin
Slide 6: Financial Overview
Matthews Gaul OVERVIEW INTERNATIONAL
Slide 7: Q3 2026 Summary
Q3 2026 SUMMARY 3rd Quarter ("Q3") Highlights ($ in millions except per-share amounts) Sales • Acquisition of The Dodge Company Q3 Q3 2025 Q3 2026 • Lower Engineering sales Sales $ 349.4 $ 246.0 • Higher Product Identification sales • Divestitures of SGK (May 2025), Warehouse Automation Diluted Earn
Slide 8: Memorialization
MEMORIALIZATION ($ in millions) Q3 Sales YTD Sales $599.8 $627.5 $203.7 $208.1 Sales • Acquisition of The Dodge Company • Lower unit sales of caskets and cemetery memorials due to a decline in death rates • Lower sales of cremation equipment and mausoleums • Price realization to mitigate cost increa
Slide 9: Industrial Technologies
INDUSTRIAL TECHNOLOGIES ($ in millions) Q3 Sales YTD Sales $87.9 $249.3 Sales • Lower Engineering sales • Higher Product Identification sales $150.3 • Divestitures of Warehouse Automation and $38.0 European tooling businesses (December 2025) • Favorable currency impacts of $6.2 million YTD Q3 FY2025
Slide 10: Brand Solutions
BRAND SOLUTIONS ($ in millions) Q3 Sales YTD Sales Sales $329.7 • Divestitures of SGK (May 2025) and $57.7 European rotogravure packaging (December 2025) Adjusted EBITDA • Divestitures of SGK (May 2025) and $11.6 European rotogravure packaging $— (December 2025) Q3 FY2025 Q3 FY2026 FY2025 FY2026 • C
Slide 11: Capitalization and Cash Flows
CAPITALIZATION AND CASH FLOWS ($ in millions) Total Debt and Net Debt* Operating Cash Flow $710.8 $678.4 $567.3 $529.7 $(33.9) 09/30/25 06/30/26 $(69.5) Note: Dark gray shades on the left represent Total Debt. YTD FY2025 YTD FY2026 Cash $37.6 $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 June 30, Nine Months Ended June 30, NON-GAAP RECONCILIATION (Unaudited) (In thousands) 2026 2025 2026 2025 Net (loss) income $ (23,689) $ 15,387 $ (1,894) $ 2,999 Income tax provision 46 43,477 34,618 38,391 (Loss) income before income taxes $ (23,643) $ 58,864 $ 3
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, 2026 2025 2026 2025 per share per share per share per share Net (loss) income attributable to Matthews $ (23,689) $ (0.75) $ 15,
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, 2026 $ 208,060 $ 37,956 $ — $ — $ 246,016 Changes in foreign
Slide 17: Net Debt
NET DEBT NON-GAAP RECONCILIATION (Unaudited) (Dollars in thousands) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 Long-term debt, current maturities $ 7,812 $ 7,298 $ 7,271 $ 7,230 Long-term debt 559,451 571,950 529,756 703,602 Total debt 567,263 579,248 537,027 710,832 Less: Cas
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