Matthews International Corp. reported fourth‑quarter 2025 results on November 21, 2025, with total revenue of $318.8 million, a 10.5% increase from the $289.0 million reported a year earlier. Adjusted earnings per share rose to $0.50, beating the consensus estimate of $0.23 by $0.27, while GAAP earnings reflected a loss of $0.88 per share, a $27.5 million net loss for the quarter. The adjusted EPS beat was driven by disciplined cost management and a favorable mix of high‑margin products, offsetting the impact of a modest revenue decline in the Industrial Technologies segment.
The Memorialization segment delivered the strongest growth, with sales climbing to $209.7 million—up 3.0% from $203.7 million a year ago—and adjusted EBITDA expanding to $45.1 million, a 21.0% margin. The increase was largely due to the acquisition of The Dodge Company, which added new product lines and geographic reach. In contrast, Industrial Technologies saw sales fall 4.2% to $93.0 million and adjusted EBITDA drop to $11.0 million, a 12.0% margin, as the segment continued to wrestle with the Tesla litigation and lower demand for its dry‑battery electrode line.
Matthews’ divestiture of the SGK business was a key contributor to the quarter’s earnings. While the exact gain figure was not disclosed, the transaction generated $250 million in cash proceeds and a $228 million net gain after accounting for retained receivables and preferred equity. The proceeds helped reduce net debt by $120 million, underscoring the company’s focus on deleveraging and improving financial flexibility.
Management reiterated its fiscal 2026 outlook, guiding for adjusted EBITDA of at least $180 million, a slight downward revision from the $190 million target previously set for fiscal 2025. The company also confirmed that its quarterly dividend will remain at $0.25 per share, with no change announced for the upcoming payment.
President and CEO Joseph C. Bartolacci said the results reflected “strong execution on cost controls and a favorable product mix.” He added that the company is “building a solid foundation for long‑term growth” by concentrating on Memorialization and high‑margin Industrial Technologies, while continuing to reduce debt and pursue strategic divestitures.
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