MATW
Matthews International Corporation27.00
+0.15+0.56%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Granular FY26 energy revenue guidance
Q&A delivered fresh FY26 granularity, pegging Energy Solutions revenue at $30-35M with H2 order cadence eyed amid pipeline clarity on a $50M U.S. battery line. Management flagged January weather hitting Memorialization but expects February-March rebound plus early Dodge cross-sell traction. CapEx stays tame at $25M, freeing cash for deleveraging post-Q1. Partnerships trump M&A in energy pursuits. No prepared remarks contradictions; just sharper execution signals. Q&A reaffirmed balance sheet strength. Watch Propelis cash flows.
Key Stats
Market Cap
831.49MP/E (TTM)
-Basic EPS (TTM)
-0.79Dividend Yield
0.04%Recent Filings
8-K
Arbitration victory over Tesla
Matthews International scored a key arbitration win against Tesla on February 13, 2026. The arbitrator affirmed Matthews' rights to develop, produce, market, and sell proprietary dry battery electrode solutions to third parties, denying Tesla's bid for broad injunctive relief. A narrow injunction on certain parts won't materially disrupt operations, thanks to replacements. Matthews presses ahead with DBE sales.
8-K
Governance upgrades approved
Matthews shareholders approved key governance upgrades at the February 19, 2026 annual meeting, declassifying the board over three years, adopting majority voting for uncontested director elections, and scrapping supermajority requirements. They also greenlit 250,000 more shares for the director fee plan, boosting its total to 550,000. Board got more accountable.
8-K
Credit facility amended, revolver cut
Matthews International entered its Eighth Amendment to the credit agreement on February 11, 2026, trimming the revolving facility to $700M from $750M while boosting the term loan to $150M with maturity extended to January 31, 2029. Lenders waived specified defaults from subsidiary name changes. Interest coverage covenants ease temporarily to 2.50:1 through Q1 2026 before rebounding. Tighter liquidity, yet breathing room.
10-Q
Q1 FY2026 results
Matthews posted Q1 FY2026 sales of $284.8M, down 29% y/y from $401.8M after divesting warehouse automation and European packaging units, yet Memorialization grew 7% y/y to $204.2M on pricing and Dodge acquisition. Operating profit exploded to $97.5M from $5.7M via $113.2M gain on divestitures, driving $1.39 diluted EPS versus $(0.11) loss (reconciles to 31.5M diluted shares). Gross margin held at 35.0% despite lower volume. Cash dipped to $31.4M q/q; total debt fell to $537.0M including $214.1M revolver draw. Divestitures delivered $240.2M proceeds. Operating cash used $52.0M. Tesla arbitration drags on.
8-K
Q1 profit on divestitures
Matthews swung to $1.39 diluted EPS on $113M divestiture gain from warehouse automation ($225M proceeds) and European packaging sales, slashing debt $174M; redeemed $300M 8.625% notes due 2027. Memorialization sales hit $204M with higher EBITDA, fueled by Dodge acquisition and volumes—yet Industrial Technologies lost steam amid Tesla dispute. Debt dropped fast. FY26 adjusted EBITDA guidance holds at $180M minimum.
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