$MATW

MATTHEWS INTERNATIONAL CORP

CIK:0000063296|SEC Filings

CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Gross Profit
Sales	$ 246,016	$ 349,377	$ 789,398	$ 1,178,848
Cost of sales	(157,824)	(227,421)	(499,549)	(787,088)
Gross profit	88,192	121,956	289,849	391,760
Operating Profit
Selling expense	(30,052)	(16,058)	(87,290)	(87,887)
Administrative expense	(69,092)	(84,336)	(222,786)	(255,729)
Intangible amortization	(2,503)	(3,474)	(8,143)	(16,362)
Gain on divestitures, net	234	57,103	109,498	55,031
Operating (loss) profit	(13,221)	75,191	81,128	86,813
Nonoperating Income (Expense)
Interest expense	(10,420)	(15,830)	(35,095)	(47,377)
Loss on debt extinguishment	0	0	(16,343)	0
Other income (deductions), net	(2)	(497)	3,034	1,954
(Loss) income before income taxes	(23,643)	58,864	32,724	41,390
Income tax provision	(46)	(43,477)	(34,618)	(38,391)
Net (loss) income	$ (23,689)	$ 15,387	$ (1,894)	$ 2,999
(Loss) earnings per share:
Basic (in dollars per share)	$ (0.75)	$ 0.50	$ (0.06)	$ 0.10
Diluted (in dollars per share)	$ (0.75)	$ 0.49	$ (0.06)	$ 0.10

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended		12 Months Ended
	Jun. 30, 2026	Dec. 31, 2025	Jun. 30, 2025	Dec. 31, 2024	Jun. 30, 2026	Jun. 30, 2025	Sep. 30, 2025
Cash flows from operating activities:
Net (loss) income	$ (23,689)	$ 43,629	$ 15,387	$ (3,472)	$ (1,894)	$ 2,999
Adjustments to reconcile net (loss) income to net cash flows from operating activities:
Depreciation and amortization	11,654		15,836		35,858	56,571
Stock-based compensation expense					14,597	19,838
Deferred tax expense					1,765	15,852
Gain on sale of assets, net					(883)	(10,062)
Gain on divestitures, net	(234)		(57,103)		(109,498)	(55,031)
Loss on debt extinguishment	0		0		16,343	0
Equity and other investment losses					13,597	0
Changes in working capital items					(46,142)	(50,559)
Decrease in other non-current assets					15,745	12,881
Decrease in other non-current liabilities					(12,568)	(15,512)
Other operating activities, net					3,533	(10,858)
Net cash used in operating activities					(69,547)	(33,881)
Cash flows from investing activities:
Capital expenditures					(13,323)	(26,390)
Acquisitions, net of cash acquired					(524)	(57,842)
Proceeds from sale of assets					10,061	14,927
Proceeds from sale of investments					28,000	0
Proceeds from divestitures					243,647	230,053
Investments and advances					0	(7,436)
Other investing activities, net					(420)	(63)
Net cash provided by investing activities					267,441	153,249
Cash flows from financing activities:
Proceeds from long-term debt					1,074,254	928,355
Payments on long-term debt					(1,220,679)	(998,647)
Purchases of treasury stock					(5,777)	(12,122)
Dividends					(25,561)	(24,740)
Proceeds from net investment hedges					0	14,990
Payments on net investment hedges					0	(37,092)
Acquisition holdback and deferred purchase price payments					(225)	(10,184)
Payment of debt redemption premium					(12,939)	0
Payment of debt issuance costs					(1,576)	0
Net cash used in financing activities					(192,503)	(139,440)
Effect of exchange rate changes on cash					(222)	(361)
Net change in cash and cash equivalents including balances classified as assets held-for-sale					5,169	(20,433)
Cash and cash equivalents at beginning of year		$ 32,433		$ 40,816	32,433	40,816	$ 40,816
Cash and cash equivalents at end of period	$ 37,602		$ 20,383		$ 37,602	$ 20,383	$ 32,433

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Sep. 30, 2025
Current assets:
Cash and cash equivalents	$ 37,602	$ 32,433
Accounts receivable, net	105,755	132,940
Inventories, net	203,430	202,827
Contract assets	101,134	107,147
Other current assets	36,554	44,821
Total current assets	484,475	520,168
Noncurrent Assets
Investments	246,500	288,637
Property, plant and equipment, net	176,221	224,575
Operating lease right-of-use assets	58,958	51,610
Deferred income taxes	6,624	6,435
Goodwill	438,824	487,561
Other intangible assets, net	89,476	105,958
Other non-current assets	4,438	9,498
Total assets	1,505,516	1,694,442
Current liabilities:
Long-term debt, current maturities	7,812	7,230
Current portion of operating lease liabilities	15,095	17,186
Trade accounts payable	91,692	98,462
Accrued rebates	15,823	18,185
Accrued compensation	33,050	36,408
Accrued income taxes	4,326	9,293
Contract liabilities	3,079	7,447
Other current liabilities	105,014	156,269
Total current liabilities	275,891	350,480
Long-term debt	559,451	703,602
Operating lease liabilities	45,795	36,099
Deferred income taxes	86,023	55,967
Other non-current liabilities	52,388	67,352
Total liabilities	1,019,548	1,213,500
Shareholders' equity-Matthews:
Common stock	36,334	36,334
Additional paid-in capital	146,998	154,617
Retained earnings	537,841	565,278
Accumulated other comprehensive loss	(55,082)	(78,010)
Treasury stock, at cost	(180,123)	(197,277)
Total shareholders' equity	485,968	480,942
Total liabilities and shareholders' equity	$ 1,505,516	$ 1,694,442