Matthews International Q1 fiscal 2026 sales fell 29% to $284.8 million; GAAP EPS $1.39
Matthews International reported first-quarter fiscal 2026 sales of $284.8 million, down 29.1% from $401.8 million a year earlier, and GAAP diluted EPS of $1.39 versus a loss of $0.11, helped by a $113.2 million gain on divestitures. Adjusted EBITDA fell to $35.2 million from $40.0 million, non-GAAP EPS was a loss of $0.19, and the company maintained its fiscal 2026 adjusted EBITDA outlook of at least $180 million.
Key points
- Sales fell to $284.8 million from $401.8 million, with Brand Solutions sales down to $11.6 million from $130.8 million after divestitures.
- GAAP diluted EPS was $1.39 versus a loss of $0.11, driven by a $113.2 million gain on divestitures; non-GAAP EPS was a loss of $0.19 versus $0.14 profit a year ago.
- Total debt was reduced by $174 million, and the company redeemed $300 million of 8.625% notes due 2027 in January.
- Fiscal 2026 adjusted EBITDA guidance of at least $180 million was maintained.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 04, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.