Financial Data and Key Metrics Changes - For the fiscal 2025 Fourth Quarter, the company reported a net loss of $27.5 million, or $0.88 per share, compared to a net loss of $68.2 million, or $2.21 per share, a year ago, primarily due to significant restructuring charges last year [22] - Consolidated sales for the fiscal 2025 Fourth Quarter were $319 million, down from $447 million a year ago, mainly due to the divestiture of the SGK business [22] - Consolidated adjusted EBITDA for the fiscal 2025 Fourth Quarter was $51.5 million, compared to $58.1 million a year ago, reflecting the impact of the SGK divestiture [22][23] Business Line Data and Key Metrics Changes - Memorialization segment sales for the fiscal 2025 Fourth Quarter were $209.7 million, up from $196.8 million a year ago, with acquisitions contributing approximately $11 million [24] - Industrial technology segment sales for the fiscal 2025 Fourth Quarter were $93 million, down from $113.9 million a year ago, primarily due to lower sales in the engineering business [26] - Brand solution segment sales were $16.2 million for the quarter, down from $135.9 million a year ago, due to the divestiture of the SGK business [27] Market Data and Key Metrics Changes - The warehouse automation business experienced strong order rates, contributing to improved revenues and adjusted EBITDA in Q4 [11] - The market response to Propelus, the new company formed from the SGK divestiture, has been favorable, with an EBITDA run rate significantly higher than the $100 million initially assumed [5] Company Strategy and Development Direction - The company aims to simplify its corporate structure, expand in higher growth and higher margin businesses, and reduce costs [4] - Recent divestitures, including the sale of SGK and warehouse automation, are part of a strategy to reduce debt and enhance shareholder value [6][9] - The company is actively evaluating other strategic portfolio opportunities with the assistance of JP Morgan [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term value creation for shareholders, emphasizing the importance of reducing debt and pursuing strategic initiatives [37][17] - The company expects adjusted EBITDA guidance of at least $180 million for fiscal 2026, factoring in the 40% interest in Propelus [17] Other Important Information - The company announced an increase in the quarterly dividend to $0.2505 per share, marking the 32nd consecutive annual dividend increase since becoming publicly traded [30] - The company is undergoing a leadership transition, with Steve Nicola retiring as CFO effective December 1, 2025 [65] Q&A Session Summary Question: Can you talk about the opportunity set regarding solid state and ultra capacitors? - Management noted increased interest in dry battery electrode technology for energy storage applications beyond automotive, including data centers [33] Question: How should we think about M&A and augmenting the technology portfolio? - The focus is currently on reducing debt, with no immediate M&A plans as the company manages ongoing divestitures and restructuring [36] Question: How is the memorialization business performing? - The business is operating well, with improvements noted after the sale of the underperforming European business [43] Question: Can you provide an update on beta testing for the new printhead solution? - The new printhead solution is set to begin deliveries in December, with significant market interest noted at trade shows [45] Question: What is the significance of the GS1 certification for the new chip product ID solution? - GS1 certification standardizes the reading of 2D codes, allowing for faster and more efficient scanning, which is critical for retailers [58]

Financial Data and Key Metrics Changes - For the fiscal 2025 Fourth Quarter, the company reported a net loss of $27.5 million, or $0.88 per share, compared to a net loss of $68.2 million, or $2.21 per share, a year ago, primarily due to significant restructuring charges in the previous year [22] - Consolidated sales for the fiscal 2025 Fourth Quarter were $319 million, down from $447 million a year ago, mainly due to the divestiture of the SGK business [22] - Consolidated adjusted EBITDA for the fiscal 2025 Fourth Quarter was $51.5 million, compared to $58.1 million a year ago, reflecting the impact of the SGK divestiture [22][23] Business Line Data and Key Metrics Changes - Memorialization segment sales for the fiscal 2025 Fourth Quarter were $209.7 million, up from $196.8 million a year ago, with acquisitions contributing approximately $11 million [24] - Industrial technology segment sales for the fiscal 2025 Fourth Quarter were $93 million, down from $113.9 million a year ago, primarily due to lower sales in the engineering business [26] - Brand solution segment sales were $16.2 million for the quarter, down from $135.9 million a year ago, due to the divestiture of the SGK business [27] Market Data and Key Metrics Changes - The warehouse automation business experienced strong order rates, contributing to improved revenues and adjusted EBITDA in Q4 [11] - The market response to Propelus, the new company formed from the SGK divestiture, has been favorable, with an EBITDA run rate significantly higher than the $100 million initially assumed [5] Company Strategy and Development Direction - The company aims to simplify its corporate structure, expand in higher growth and margin businesses, and reduce costs, with significant actions taken throughout the year [4] - The divestiture of the warehouse automation unit is expected to significantly reduce total debt and strengthen the balance sheet [6] - The company is actively evaluating other strategic portfolio opportunities with the assistance of JPMorgan [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term value creation for shareholders, particularly with the expected benefits from the Propelus divestiture and warehouse automation sale [6][17] - The company anticipates adjusted EBITDA guidance of at least $180 million for fiscal 2026, factoring in the 40% interest in Propelus [17] Other Important Information - The company reduced its debt by $66 million and achieved a reduction in corporate costs of $8.5 million year-over-year [8] - The board declared an increase in the quarterly dividend to $0.2505 per share, marking the 32nd consecutive annual dividend increase [30] Q&A Session Summary Question: Can you talk about the opportunity set regarding solid state and ultra capacitors? - Management noted increased interest in dry battery electrode technology for energy storage applications beyond automotive, including data centers [33] Question: How should we think about M&A and augmenting the technology portfolio? - The focus is currently on reducing debt, with no immediate M&A plans as the company manages ongoing divestitures and restructuring [36] Question: Can you provide an update on beta testing for the new printhead solution? - The new printhead is set to begin deliveries in December, with significant market interest and a total addressable market exceeding $2 billion [46]

Financial Data and Key Metrics Changes - For Q4 2025, the company reported a net loss of $27.5 million, or $0.88 per share, compared to a net loss of $68.2 million, or $2.21 per share, a year ago, primarily due to significant restructuring charges in the previous year [20] - Consolidated sales for Q4 2025 were $319 million, down from $447 million a year ago, mainly due to the divestiture of the SGK business [20] - Consolidated adjusted EBITDA for Q4 2025 was $51.5 million, compared to $58.1 million a year ago, reflecting the impact of the SGK divestiture [21][22] Business Line Data and Key Metrics Changes - The memorialization segment reported revenues of $209.7 million for Q4 2025, up from $196.8 million a year ago, with acquisitions contributing approximately $11 million [23] - The industrial technology segment's revenues decreased to $93 million from $113.9 million a year ago, primarily due to lower sales in the engineering business [25] - The brand solution segment's sales were $16.2 million for Q4 2025, down from $135.9 million a year ago, due to the divestiture of the SGK business [26] Market Data and Key Metrics Changes - The company noted that tariffs have impacted all businesses, but they have successfully mitigated these costs by passing along higher prices [12] - The market response to Propelus, the new company formed from the SGK divestiture, has been favorable, with an EBITDA run rate significantly higher than the $100 million initially assumed [5] Company Strategy and Development Direction - The company aims to simplify its corporate structure, expand in higher growth and margin businesses, and reduce costs, with significant actions taken throughout the year [4] - The divestiture of the warehouse automation unit is expected to provide $230 million, significantly reducing total debt and enhancing the company's ability to pursue strategic initiatives [6][28] - The company is actively evaluating other strategic portfolio opportunities and plans to complete smaller transactions to further simplify its operating structure [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term value creation for shareholders, emphasizing the importance of reducing debt and enhancing the balance sheet [6][17] - The company expects adjusted EBITDA guidance of at least $180 million for fiscal 2026, factoring in the 40% interest in Propelus [17] - Management highlighted the ongoing interest in their proprietary dry battery electrode technology, particularly in the context of solid-state batteries and energy storage solutions [15][40] Other Important Information - The company announced an increase in the quarterly dividend to $0.2505 per share, marking the 32nd consecutive annual dividend increase since becoming publicly traded [29] - The company has appointed Michael Naumann as the new Chairman of the Board, succeeding Alvaro Garcia Tunon [9] Q&A Session Summary Question: Can you talk about the opportunity set regarding solid state and ultra capacitors? - Management confirmed that their dry battery electrode technology applies to various energy storage applications, including ultra capacitors and data center power needs [30] Question: How should we think about M&A and augmenting the technology portfolio? - Management stated that the focus is currently on reducing debt and that strategic initiatives will be evaluated once the debt is in line [31] Question: Are customers less reticent to work with you despite the Tesla lawsuit? - Management indicated that customers are more dependent on market environments rather than being less reticent, with significant opportunities in the European market [33] Question: Can you provide an update on beta testing for the new printhead solution? - Management confirmed that the new printhead solution is in the market, with deliveries starting in December, and highlighted the significant market potential [36] Question: What is the significance of the GS1 certification for the new chip product? - Management explained that GS1 certification standardizes the reading of 2D codes, allowing their technology to operate at speeds that meet retailer demands [41]

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Fourth Quarter Fiscal 2025 Earnings Teleconference November 21, 2025 Joseph C. Bartolacci President and Chief Executive Officer Steven F. Nicola Chief Financial Officer and Treasurer www.matw.com | Nasdaq: MATW 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. These forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, belie ...

Core Insights - J. Michael Nauman has been elected as the next Chairman of Matthews International Corporation, effective after the 2026 Annual Meeting of Shareholders, succeeding Alvaro Garcia-Tunon [1][2] - Nauman brings over 35 years of experience in commercial, strategic, and financial roles, previously serving as President and CEO of Brady Corporation and Executive Vice President at Molex [2][3] - The transition in leadership is seen as pivotal for Matthews, with Nauman's technical expertise and M&A experience expected to drive sustainable growth and long-term value creation for the company [3] Company Overview - Matthews International Corporation operates through two main segments: Industrial Technologies and Memorialization, focusing on operational efficiency and long-term growth through innovation and strategic expansion [4] - The Industrial Technologies segment is a global innovator in precision technologies, while the Memorialization segment provides products such as memorials and cremation equipment to cemetery and funeral home customers [4] - The company has over 5,400 employees across 19 countries, committed to delivering high-quality products and services [4]

Agreement Details - The equity purchase agreement between Matthews International Corporation and Duravant LLC is dated November 12, 2025[1]. - The agreement includes sections on purchase and sale, estimated purchase price, and purchase price adjustments[3]. - Financial statements and liabilities of the transferred entity are addressed in the representations and warranties section[5]. - The agreement outlines compliance with laws and permits necessary for the transaction[5]. - There are provisions regarding the sufficiency of assets and the solvency of the buyer[5]. - The agreement includes sections on brokers and investment decisions related to the purchase[5]. - The document specifies the need for consents and approvals, ensuring no violations occur[5]. - The agreement emphasizes the importance of intellectual property and environmental matters in the transaction[5]. - The closing of the transaction is detailed, including any withholding requirements[4]. - Additional agreements related to the transaction are mentioned, indicating further commitments[9]. Financial Performance - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q3 2023[10]. - The company reported a significant increase in revenue, achieving $1.5 billion in Q3 2023, representing a 25% year-over-year growth[110]. - The company reported a revenue of $1.5 billion for Q3 2023, representing a 15% year-over-year increase[1]. - The company reported a net income of $200 million, a 10% increase compared to the previous year[10]. - The company reported a net income of $300 million for the quarter, a 30% increase compared to the same period last year[110]. - The company reported a net income of $250 million, a 12% increase compared to the previous year[8]. - The company reported a 15% increase in gross margin, improving from 40% to 46% year-over-year[200]. User Engagement - User data showed a growth of 25% in active users, totaling 5 million by the end of the quarter[10]. - User growth reached 10 million new subscribers in the last quarter, bringing the total to 100 million active users[2]. - User data showed a total of 5 million active users, up from 4 million in the previous quarter, indicating a 25% increase in user engagement[110]. - User data showed an increase in active users to 10 million, up from 8 million last year, indicating a 25% growth in user base[200]. Future Guidance - The company provided guidance for Q4 2023, expecting revenue between $1.3 billion and $1.4 billion, representing a growth of 10% to 16%[10]. - The company provided guidance for Q4 2023, projecting revenue between $1.6 billion and $1.8 billion, which reflects a growth rate of 20% to 30% compared to Q4 2022[110]. - The company expects revenue guidance for Q4 2023 to be between $1.6 billion and $1.7 billion, indicating a potential growth of 12% to 14%[3]. - The company provided guidance for the next quarter, expecting revenue to be between $1.6 billion and $1.8 billion, reflecting a growth rate of 10% to 20%[200]. Product Development and Market Expansion - New product launches contributed to a 30% increase in sales, with the latest product line accounting for $300 million in revenue[10]. - New product launches are expected to contribute an additional $200 million in revenue over the next fiscal year, enhancing the product portfolio[110]. - New product launches included a state-of-the-art software platform, projected to generate an additional $200 million in revenue over the next year[4]. - The company is investing $50 million in R&D for new technologies aimed at improving operational efficiency and product innovation[110]. - The company is investing $50 million in R&D for new technology aimed at enhancing user experience[5]. - The company is expanding its market presence in Europe, targeting a 20% market share by the end of 2024[10]. - Market expansion efforts include entering three new international markets, projected to increase overall market share by 15%[110]. - The company is planning to enter the Asian market, targeting a revenue contribution of $100 million within the first year[9]. - The company is exploring potential acquisitions to enhance its product portfolio and market presence[200]. Customer Engagement and Satisfaction - Customer retention rates improved to 85%, reflecting the effectiveness of new customer engagement strategies[10]. - Customer satisfaction ratings improved to 90%, reflecting the effectiveness of recent service enhancements and product improvements[110]. - Customer satisfaction ratings improved to 90%, reflecting a 5% increase from the previous quarter[10]. Strategic Acquisitions - A strategic acquisition was completed, enhancing the company's technology capabilities and expected to generate an additional $50 million in annual revenue[10]. - The company has completed a strategic acquisition of a competitor for $300 million, expected to enhance market position and operational capabilities[110]. - A strategic acquisition was announced, with the company acquiring a competitor for $500 million, expected to enhance product offerings and customer base[6]. Cost Management - Cost reduction strategies implemented have resulted in a 10% decrease in operational expenses, improving overall profit margins[110]. - Cost reduction strategies implemented are expected to save approximately $30 million annually[8]. - Operating expenses were managed effectively, resulting in a 5% reduction compared to the previous quarter[200]. Research and Development - Research and development expenses increased by 12%, totaling $150 million, focusing on innovative technologies[10]. - Research and development expenses increased by 20%, totaling $150 million, focusing on innovative technologies[7].

Core Viewpoint - Matthews International Corporation has signed a definitive agreement to sell its Warehouse Automation business to Duravant LLC for a total consideration of $230 million, which includes cash and the assumption of certain liabilities, aimed at reducing debt and enhancing shareholder value [1][2][3] Financial Details - The total consideration for the sale is $230 million, comprising cash of $223.3 million and the assumption of certain liabilities [2] - The Warehouse Automation business generated sales of $72 million for fiscal 2025 [2] - Proceeds from the transaction will be primarily used to significantly reduce outstanding debt, thereby strengthening the company's balance sheet [2][6] Strategic Implications - The transaction is part of the company's ongoing strategic alternatives review aimed at unlocking shareholder value and reducing debt towards a long-term net leverage ratio goal of 2.5x [3] - The sale is expected to close before the end of the second quarter of fiscal 2026, pending regulatory approval [3] Company Overview - Matthews International operates through two core global businesses: Industrial Technologies and Memorialization, focusing on operational efficiency and long-term growth [4] - The Industrial Technologies segment is a leading global innovator in precision technologies and intelligent processes [4] - The Memorialization segment provides memorialization products to cemetery and funeral home customers [4] About Duravant - Duravant is a global leader in advanced automation solutions, serving essential end markets including food processing, packaging, and material handling [5] - The company operates in over 190 countries and is committed to quality, innovation, and customer success [5]

Core Insights - Matthews International Corporation plans to release its fourth quarter and fiscal year 2025 earnings results on November 20, 2025, after market close [1] - A conference call and webcast will be held on November 21, 2025, at 9:00 a.m. Eastern Time to discuss financial and operational results, featuring CEO Joseph C. Bartolacci and CFO Steven F. Nicola [2][3] Company Overview - Matthews International operates through two main segments: Industrial Technologies and Memorialization, focusing on operational efficiency and long-term growth through innovation and strategic expansion [4] - The Industrial Technologies segment is a global innovator in precision technologies and intelligent processes, while the Memorialization segment provides products such as memorials, caskets, and cremation equipment to cemetery and funeral home customers [4] - The company also has a significant investment in Propelis, a brand solutions business that offers integrated solutions including brand creative and content production [4] - Matthews International employs over 5,400 people across 19 countries on four continents [4]

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