Matthews cuts fiscal 2026 EBITDA outlook as Q3 sales fall 29.6% to $246 million
Matthews reported fiscal third-quarter 2026 sales of $246.0 million, down 29.6% from a year earlier, and a net loss of $23.7 million, or $0.75 per diluted share, compared with net income of $15.4 million a year earlier. The company lowered its fiscal 2026 adjusted EBITDA guidance to $158 million to $162 million, citing energy storage delays, weaker Memorialization volumes, and a shortfall in expected Propelis synergies. The guidance cut and the sharp drop in profit weigh on shareholders' outlook for the full year.
Key points
- Q3 sales were $246.0 million, down from $349.4 million; net loss was $23.7 million, or $0.75 per diluted share, versus net income of $15.4 million, or $0.49 per share
- Non-GAAP EPS was $0.06 versus $0.28 a year earlier; Q3 adjusted EBITDA was $35.0 million versus $44.6 million
- Fiscal 2026 adjusted EBITDA guidance was cut to $158 million to $162 million, including an estimated 40% share of Propelis adjusted EBITDA; the company cited a $5 million shortfall to its full-year forecast
- Engineering restructuring is expected to yield $10 million in annual savings, with about $10 million total cost to achieve; $25 million was received in Q3 from the Propelis preferred equity redemption, and debt was reduced by $144 million i
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 August 07, 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.