Matthews International Corporation announced its second quarter fiscal 2025 results on April 30, 2025, reporting consolidated sales of $427.6 million, a decrease from $471.2 million in the prior year. The company recorded a GAAP net loss of $8.9 million, or $0.29 per share, compared to net income of $9.0 million, or $0.29 per share, in Q2 FY24.
Adjusted EBITDA for the quarter was $51.4 million, compared to $56.8 million a year ago, but was ahead of expectations due to cost reduction actions and improved price realization. Customer quotes for energy storage solutions have exceeded $100 million since early February 2025, and the warehouse automation business partnered with Teradyne for autonomous robotic solutions.
The SGK transaction is expected to close in early May 2025, with $350 million upfront consideration primarily for debt reduction and potential stock repurchases. The company maintained its updated FY25 adjusted EBITDA guidance of 'at least $190 million' (pro forma for SGK divestiture), emphasizing its comprehensive evaluation of strategic alternatives to unlock shareholder value.
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