Q2 2025 Matthews International Corp Earnings Call Transcript

May 1, 2025 / 01:00 PM GMT

Release Date Price: $19.82 (-3.08%)

Transcript 8-K10-Q

Key Points

Positve

Matthews International Corp (MATW) has re-engaged with multiple battery manufacturers and auto OEMs, issuing quotes in excess of $100 million for their dry battery electrode technology solutions.
The company expects to receive $350 million in consideration from the SGK transaction, which will be used primarily to reduce debt.
Matthews International Corp (MATW) has entered into a partnership with Terradyne Incorporated to market autonomous robotic solutions, enhancing their warehouse automation offerings.
The SGK brand solution segment reported its best sales quarter since the fourth quarter of fiscal 2022, driven by new account growth in the Americas.
Cost reduction initiatives are on track to generate savings in excess of the initial $50 million projection, with $20 million expected this year and $30 million next year.

Negative

Consolidated sales for the fiscal 2025 second quarter were $427.6 million, down from $471.2 million a year ago, primarily due to lower sales in the industrial technology segment.
The company reported a net loss of $8.9 million for the quarter, compared to a net income of $9 million in the same period last year.
Memorialization revenues declined by 7% in the second quarter compared to the prior year, mainly due to volume declines in bronze and granite businesses.
Warehouse automation sales were lower year over year, reflecting a slow market recovery.
Outstanding debt increased modestly during the quarter, with net debt at $782 million at the end of the current quarter.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MATW.OQ - Matthews International Corp
Q2 2025 Matthews International Corp Earnings Call
May 01, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to the Matthews International 2nd quarter fiscal 2025 financial results. At this time, all participants are in a listen-only mode. The question and answer session will follow the formal presentation. If anyone should require operator assistance, please press 0 on your telephone keypad.

As a reminder, this conference is being recorded. It is now my pleasure to introduce Stephen Nicola, Chief Financial Officer. Please go ahead.

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Unidentified_2 [2]
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All right, good morning.

Thank you, Paul. I'm Steve

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