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.
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
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From Matthews International Corporation's 10-Q and 10-K filings (SEC XBRL). YoY compares each quarter with the same quarter a year earlier; it is blank when the year-ago figure is missing or negative.
Annual results
Fiscal year
Revenue
Growth
EPS (diluted)
Growth
Net margin
FY2025
$1.50B
-16.6%
$-0.79
—
-1.6%
FY2024
$1.80B
-4.5%
$-1.93
-253.2%
-3.3%
FY2023
$1.88B
+6.7%
$1.26
—
2.1%
FY2022
$1.76B
+5.5%
$-3.18
-3633.3%
-5.7%
FY2021
$1.67B
+11.5%
$0.09
—
0.2%
Frequently asked questions
When is Matthews International's next earnings date?
Matthews International (MATW) is scheduled to report on Thursday, November 19, 2026 after the market closes. Analysts expect EPS of $0.28.
What did Matthews International earn last quarter?
For the quarter ended Jun 2026, Matthews International reported diluted EPS of $-0.75 (-253.1% year over year) on revenue of $246.02M (-29.6%).
Where do these numbers come from?
Reported revenue, net income and EPS come from the company's own 10-Q and 10-K filings with the SEC (XBRL data). The report date and consensus estimate come from the Nasdaq earnings calendar.
Not investment advice. Figures can be restated by the company in later filings.