MATTHEWS INTERNATIONAL CORP

Listed Company

MATWCIK 0000063296NasdaqLarge AcceleratedNonferrous Foundries (Castings)PennsylvaniaFY ends Sep 30

Period

FY 2025

Revenue

—

Net Income

$-24.47M

Total Assets

$1.69B

Equity

$480.94M

Shares Out

31.13M

Op. Cash Flow

$-23.55M

Business

MATTHEWS INTERNATIONAL CORP is a global provider of memorialization products, industrial technologies and brand solutions for commercial and institutional customers. It manufactures and markets bronze and granite memorials, caskets, cremation and incineration equipment, high‑tech energy storage and coating/converting machinery, product identification and warehouse automation systems, and brand services including cylinders and an equity interest in Propelis. The company reports its operations in three segments: Memorialization, Industrial Technologies and Brand Solutions. Its products are sold worldwide, primarily through direct sales, subsidiaries and independent distributors across North America, Europe, Asia and other regions.

Summary from filing dated 2025-11-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Sales	1,498	1,796	1,881	—	—
Cost of sales	−990	−1,266	−1,303	−1,240	−1,129
Gross profit	508	530	578	522	542
Selling expense	−118	−142	−140	−128	−130
Administrative expense	−349	−346	−307	−298	−285
Intangible amortization	−20	−37	−42	−57	−84
Goodwill write-downs	0	−17	0	−82	0
Operating profit (loss)	75	−12	88	−44	42
Interest expense	−63	−51	−45	−28	—
Other income (deductions), net	4	−7	−3	−33	−4
Income (loss) before income taxes	16	−70	41	−104	9
Income tax (provision) benefit	−41	10	−2	4	−6
Net (loss) income	−24	−60	39	−100	3
Net loss attributable to noncontrolling interests	0	0	155,000	—	—
Net (loss) income attributable to Matthews shareholders	−24	−60	39	−100	3
Basic (in dollars per share)	−0.79	−1.93	1.28	−3.18	0.09
Diluted (in dollars per share)	−0.79	−1.93	1.26	−3.18	0.09

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	32	41	42	69	49
Accounts receivable, net of allowance for credit losses of $13,481 and $12,055, respectively	133	206	208	221	310
Inventories	203	238	260	225	189
Contract assets	107	93	—	—	—
Other current assets	45	55	64	63	76
Total current assets	520	633	648	629	624
Investments	289	23	25	26	30
Property, plant and equipment, net	225	279	270	256	224
Operating lease right-of-use-assets	52	60	72	72	80
Deferred income taxes	6	7	2	4	3
Goodwill	488	697	698	675	774
Other intangible assets, net	106	126	160	202	262
Other non-current assets	9	10	11	19	16
Total assets	1,694	1,835	1,887	1,883	2,032
Long-term debt, current maturities	7	7	4	3	5
Current portion of operating lease liabilities	17	23	24	23	25
Trade accounts payable	98	108	114	121	113
Accrued rebates	18	24	22	—	—
Accrued compensation	36	89	59	58	69
Accrued income taxes	9	8	13	9	4
Contract liabilities	7	29	37	32	—
Other current liabilities	156	148	122	164	139
Total current liabilities	350	435	395	411	354
Long-term debt	704	770	786	795	759
Operating lease liabilities	36	40	50	51	57
Deferred income taxes	56	46	71	93	97
Other non-current liabilities	67	108	60	45	25
Total liabilities	1,214	1,398	1,362	1,396	1,396
Class A common stock, $1.00 par value; authorized 70,000,000 shares; 36,333,992 shares issued	36	36	36	36	36
Preferred stock, $100 par value, authorized 10,000 shares, none issued	0	0	0	0	0
Additional paid-in capital	155	159	—	—	—
Retained earnings	565	623	715	707	834
Accumulated other comprehensive loss	−78	−169	−174	−190	−193
Treasury stock, 5,538,147 and 5,731,499 shares, respectively, at cost	−197	−213	−219	−226	−191
Total shareholders' equity-Matthews	481	437	526	487	637
Noncontrolling interests	0	48,000	−387,000	−276,000	−145,000
Total shareholders' equity	481	437	525	487	636
Total liabilities and shareholders' equity	1,694	1,835	1,887	1,883	2,032

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation and amortization	72	95	97	104	134
Stock-based compensation expense	23	18	17	17	16
Deferred tax expense (benefit)	23	−25	−22	−33	4
Equity and other investment (income) losses	−3	148,000	0	—	—
Asset write-downs	8	17	0	10	0
Defined benefit plan settlement losses	0	0	1	31	0
Defined benefit plan settlement payments	0	0	24	−36	0
Proceeds from the settlement of cash flow hedges	0	0	10	0	0
Payments of divestiture transaction costs	−9	0	0	—	—
Changes in working capital items	−45	15	−36	30	13
Decrease in other non-current assets	11	21	9	20	15
Decrease in other non-current liabilities	−11	−17	−9	−10	−16
Other operating activities, net	−10	510,000	−1	14	−5
Net cash (used in) provided by operating activities	−24	79	80	127	163
Capital expenditures	−36	−45	−51	−61	−34
Acquisitions, net of cash acquired	−56	−6	−15	−44	−16
Purchases of investments	−63,000	−825,000	−2	−2	0
Proceeds from sale of assets	21	4	2	5	3
Proceeds from sale of investments	0	200,000	0	9	34
Net cash provided by (used in) investing activities	160	−47	−59	−81	−13
Proceeds from long-term debt	1,361	1,245	866	778	626
Payments on long-term debt	−1,428	−1,276	−884	−742	−702
Purchases of treasury stock	−12	−21	−3	−42	−12
Dividends	−33	−31	−28	−28	−28
Acquisition holdback and contingent consideration payments	−10	0	0	−725,000	−2
Payments of debt issuance costs	0	−10	0	0	—
Proceeds from net investment hedges	15	58	0	0	—
Payments on net investment hedges	−37	0	0	—	—
Other financing activities	0	0	−912,000	−3	−3
Net cash used in financing activities	−144	−35	−50	−37	−123
Effect of exchange rate changes on cash	−152,000	1	83,000	−6	43,000
Net change in cash and cash equivalents	−8	−1	−29	3	27
Interest	51	50	44	27	29
Income taxes	17	19	18	14	9

Filings

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