Matthews International(MATW) - 2023 Q2 - Earnings Call Presentation

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]