Matthews International Corporation reported its financial results for the third quarter of fiscal 2025, revealing a significant decline in both revenue and profitability compared to the same period last year. For the three months ended June 30, 2025, the company generated sales of $349.4 million, down from $427.8 million in the prior year, marking a decrease of approximately 18.3%. The net income attributable to Matthews shareholders was $15.4 million, a substantial increase from $1.8 million in the same quarter of 2024, largely due to a $57.1 million gain from the sale of its SGK Business.
The decline in revenue was attributed to the divestiture of the SGK Business, which accounted for a loss of $80.2 million in sales. Additionally, the Memorialization and Industrial Technologies segments experienced lower sales, with Memorialization segment sales decreasing to $203.7 million from $202.7 million, and Industrial Technologies sales falling to $87.9 million from $91.7 million. The Brand Solutions segment also saw a drop in sales, from $133.4 million to $57.7 million, primarily due to the divestiture.
Operationally, Matthews International made strategic moves, including the contribution of its SGK Business to a newly formed entity, Propelis Group, in exchange for a 40% ownership interest and cash proceeds. This transaction is expected to position Propelis as a leading global provider of brand solutions. The company also acquired The Dodge Company for $55.6 million, enhancing its Memorialization segment. As of June 30, 2025, Matthews had 30,790,906 shares of Class A common stock outstanding.
The company’s total assets decreased to $1.71 billion from $1.83 billion year-over-year, with significant reductions in cash and cash equivalents, accounts receivable, and inventories. Current liabilities also saw a decrease, reflecting a reduction in accrued compensation and other liabilities. The company reported a current ratio of 1.7, indicating a stable liquidity position. Looking ahead, Matthews International anticipates that its strategic initiatives, including cost-reduction programs and the integration of recent acquisitions, will drive future growth and improve operational efficiency.
About MATTHEWS INTERNATIONAL CORP
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