Matthews International Corp (NAS:MATW)

Q2 2026 Matthews International Corp Earnings Call Transcript

May 1, 2026 / 01:00 PM GMT

Release Date Price: $28.61 (+0.25%)

Transcript 10-Q8-K

Key Points

Positve

Matthews International Corp (MATW) successfully completed the early redemption of $300 million in high-cost senior secured notes, significantly improving their balance sheet and reducing long-term debt by over $240 million.
The memorialization business continues to perform strongly, delivering its fourth consecutive quarter of year-over-year EBITDA growth, with the Dodge acquisition contributing positively.
Propellus, in which MATW holds a 40% equity interest, is performing above expectations with an EBITDA run rate expected to reach $130 million by 2027, and the SAP migration is on track to unlock significant synergies.
The company reported a reduction in annual interest expense by approximately $10 million due to the redemption of high-cost notes, improving their cash profile.
MATW is actively pursuing strategic partnerships and white-label opportunities in their Industrial Technology segment, which could accelerate adoption and market reach for their new products.

Negative

Total revenues for the second quarter were $259 million, a significant decrease from $428 million a year ago, primarily due to divestitures.
The Industrial Technology segment remains challenged, with a reported adjusted EBITDA loss of $3.3 million for the quarter, compared to a profit of $6 million a year ago.
The company reported a net loss of $21.8 million for the fiscal 2026 second quarter, primarily due to a loss on the redemption of senior secured notes and lower operating performance in the Industrial Technology segment.
Cash flow used in operating activities for the six months ended March 31, 2026, was $67.4 million, significantly higher than $18.7 million a year ago, due to disbursements related to divestitures and other expenses.
The economic impact of geopolitical challenges, tariff discussions, and the timing of synergies at Propellus could impact MATW's full-year results, adding uncertainty to their financial outlook.

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

MATW.OQ - Matthews International Corp
Q2 2026 Matthews International Corp Earnings Call
May 01, 2026 / 01:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Please stand by. Your meeting is about to begin.

Hello and welcome everyone joining today's Matthews International Second Quarter Fiscal 2026 Financial Results.

At this time, all participants are in a listen-only mode.

Later, you will have the opportunity to ask questions during the question-and-answer session.

To register to ask a question at any time, please press *1 on your telephone keypad.

Please note this call is being recorded.

We are standing by if you should need any assistance.

It is now my pleasure to turn the meeting over to Daniel Stobart, Chief Financial Officer and Treasurer. Please go ahead.

-------------------------------------

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.