Matthews International Corporation announced its first quarter fiscal 2025 results on February 6, 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 Q1 FY24.
Adjusted EBITDA for the quarter was $51.4 million, down from $56.8 million a year ago, primarily due to lower sales in the Industrial Technologies and Memorialization segments. However, the company noted that customer quotes for its energy storage solutions have exceeded $100 million since early February 2025, indicating regaining strength in demand.
Matthews updated its adjusted EBITDA guidance for fiscal 2025 to 'at least $190 million,' reflecting the expected closing of the SGK transaction in early May 2025. The company stated that this updated projection maintains the original guidance of $205 million when adjusted for the pro forma impact of the SGK divestiture. Proceeds from the SGK sale, including $250 million in cash, are primarily earmarked for debt reduction, with a portion also expected to be used for stock repurchases.
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