Financial Performance - Q2 2023 sales increased to $479.6 million from $445 million in Q2 2022[56] - Year-to-date sales increased by 5.1% to $928.8 million[58] - The company reaffirms fiscal 2023 adjusted EBITDA in the range of $215 million to $235 million[17] - Net Debt Leverage Ratio was 3.5 as of March 31, 2023[34] Segment Performance - Industrial Technologies Q2 sales increased over 60% year-over-year[19] - Memorialization Q2 sales increased to $222.9 million from $220 million in Q2 2022[25] - SGK Brand Solutions Q2 sales decreased to $131.2 million from $146.8 million in Q2 2022, impacted by unfavorable currency[28, 29] Factors Affecting Performance - Unfavorable currency impacts affected SGK Brand Solutions sales by $5.9 million for Q2 and $16.7 million year-to-date[29] - U.S death rates have substantially normalized from higher pandemic levels, impacting unit volumes for caskets[13, 24] - Global economic conditions remain uncertain, including impact of currency rate changes, higher interest rates, labor costs and inflationary pressures[17]

Financial Data and Key Metrics Changes - For the fiscal 2023 first quarter, consolidated sales were $449.2 million, an increase of $10.6 million or 2.4% compared to $438.6 million in the same quarter last year [43] - The company's net income was $3.7 million, or $0.12 per share, compared to a loss of $19.8 million, or $0.62 per share, for the same quarter last year [44] - Adjusted EBITDA for the fiscal 2023 first quarter was $49.3 million, down from $53.3 million a year ago, with changes in currency rates negatively impacting adjusted EBITDA by $1.6 million [17][45] Business Line Data and Key Metrics Changes - The Industrial Technology segment reported sales of $109.1 million, a 47% increase from $74.3 million a year ago, driven by acquisitions [19] - Memorialization sales were $206.5 million, down from $210.7 million a year ago, with a constant currency decline of only 1.3% despite lower death rates [48] - SGK Brand Solutions segment sales were $133.6 million, down from $153.5 million a year ago, with currency rate changes negatively impacting sales by $10.7 million [22] Market Data and Key Metrics Changes - The company experienced strong order intake in the Industrial Technology segment, with total order intake during the first quarter reaching almost $270 million [40] - The European market conditions remain challenging, with SGK facing a $11 million revenue decline due to negative currency translation [13] Company Strategy and Development Direction - The company is focusing on growth in the energy storage business, with significant orders received from leading battery customers, indicating a strong market demand [5][11] - The company plans to continue its cost actions in SGK to improve comparables starting in the third quarter, while also managing economic uncertainties [7] Management's Comments on Operating Environment and Future Outlook - Management reaffirmed fiscal 2023 EBITDA expectations to be between $215 million and $235 million, despite economic uncertainties [7] - The company expects continued consolidated sales growth, driven by high order rates in its fastest-growing businesses and subsiding commodity costs benefiting future margins [42] Other Important Information - Outstanding debt increased to $837 million as of December 31, 2022, with a leverage ratio based on net debt of 3.8 [24] - The company declared a quarterly dividend of $0.23 per share, payable on February 20, 2023 [25] Q&A Session Summary Question: Can you provide more detail regarding the increased order intake in energy storage? - Management indicated that approximately 90% of the $200 million in orders relates to lithium-ion battery production, with the remainder for emerging technologies like hydrogen fuel cells [30] Question: What is the expectation for profitability in the memorialization segment? - Management expects profitability to remain relatively flat, with pricing expected to remain sticky despite declining input costs [32] Question: How is the backlog for factory warehouse automation? - Management reported a strong backlog, with almost a full year booked out with orders, contributing to the $70 million in additional orders [59] Question: Are there signs of stabilization in the European market for SGK? - Management noted some relief in the U.K. market, but challenges persist in the German and Polish markets, with cost actions expected to yield benefits in the coming quarters [60] Question: How did the first quarter revenue compare to management expectations? - Management indicated that the memorialization business came in slightly higher than expected, while other segments were in line with guidance [62]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 ____________________________________________________________ FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended December 31, 2022 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period from _____ to _____ Commission File No. 0-09115 ____________________________________________________________ ...

| --- | --- | --- | --- | --- | |--------------------------------------------|-------|-----------------------------|-------|---------| | Sales | | Q1 2022 \n$ 438.6 $ 449.2 | | Q1 2023 | | Diluted earnings (loss) per share | | $ (0.62) $ 0.12 | | | | Non-GAAP Adjusted EPS* | | $ 0.74 $ 0.53 | | | | Net income (loss) attributable to Matthews | | $ (19.8) $ 3.7 | | | | Adjusted EBITDA* | | $ 53.3 $ 49.3 | | | Highlights MEMORIALIZATION ($ in millions)Q1 Sales * See supplemental slide for Adjusted EBITDA recon ...

Matthews International www.matw.com | Nasdaq: MATW | --- | --- | |--------------------------------------------------------|-------| | | | | INVESTOR PRESENTATION FOURTH QUARTER FISCAL YEAR 2022 | | DISCLAIMER Any forward-looking statements contained in this presentation are included pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in f ...

Matthews International Fourth Quarter Fiscal 2022 Earnings Teleconference November 18, 2022 www.matw.com | Nasdaq: MATW Joseph C. Bartolacci President and Chief Executive Officer Steven F. Nicola Chief Financial Officer DISCLAIMER Any forward-looking statements contained in this presentation are included pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks and uncertainties that may cause the Company ...

Matthews International Corporation (NASDAQ:MATW) Q4 2022 Earnings Conference Call November 18, 2022 9:00 AM ET Company Participants Bill Wilson - Senior Director of Finance & Corporate Development Joe Bartolacci - President & CEO Steven Nicola - CFO Conference Call Participants Daniel Moore - CJS Securities Liam Burke - B. Riley Justin Bergner - Gabelli Funds Operator Greetings, and welcome to the Matthews International Corporation Fourth Quarter and Fiscal Year 2022 Financial Results. At this time, all par ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 __________________________________________________________________________________________________________________________ FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended September 30, 2022 or ☐ Transition Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period from _____ to _____ Commission File No. 0-09115 ______ ...

Matthews International www.matw.com | Nasdaq: MATW | --- | --- | --- | |--------------|-------|-------| | | | | | | | | | INVESTOR | | | | | | | | PRESENTATION | | | DISCLAIMER Any forward-looking statements contained in this presentation are included pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to be materially d ...

Matthews International Corporation (NASDAQ:MATW) Q3 2022 Results Conference Call July 29, 2022 9:00 AM ET Company Participants Bill Wilson - Senior Director, Corporate Development Joe Bartolacci - President, CEO Steve Nicola - CFO Conference Call Participants Daniel Moore - CJS Securities Justin Bergner - Gabelli Funds Liam Burke - B. Riley Operator Greetings, and welcome to Matthews International Third Quarter Fiscal 2022 Financial Results Conference Call. [Operator Instructions] As a reminder, this conf ...