Filing Flows › Matthews International (MATW) › Q1 FY26
Matthews International (MATW) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 4, 2026
Matthews International (MATW) reported revenue of $285M for the first quarter fiscal 2026 (Q1 FY26), -29% from a year earlier and -11% from the quarter before. Operating margin was 34.2%, net earnings $43.6M (15.3% of revenue).
Matthews International, Q1 FY26: revenue $285M (-29% year over year), operating margin 34.2%, net earnings $43.6M, operating cash flow −$52.0M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $285M | -11% | -29% |
| Gross profit | $99.7M | -14% | -21% |
| Operating profit | $97.5M | — | 17× |
| Net earnings | $43.6M | — | — |
| Operating cash flow | −$52.0M | -603% | — |
What changed
Revenue was $284.8M in Q1 FY26, down 29% year over year and down 11% from the previous quarter. Memorialization was the largest line at 72% of revenue. SGK Brand Solutions lost $119.2M year over year (down 91%), 102% of the total change.
Gross margin was 35.0%, up 3.7 points from a year earlier. Operating profit was $97.5M, a 34.2% margin (up 32.8 points year over year). Operating expenses fell 98% while revenue fell 29%. Net earnings were $43.6M. The effective tax rate was 48.3%.
Operating cash flow was −$52.0M. Non-cash charges added back $12.7M of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items used $112.7M. Capital expenditures of $5.3M exceeded it, leaving free cash flow of −$57.2M.
Questions
What was Matthews International's revenue in the first quarter fiscal 2026?
Matthews International (MATW) reported revenue of $285M for the first quarter fiscal 2026 (Q1 FY26), -29% from a year earlier and -11% from the quarter before.
Was Matthews International profitable in the first quarter fiscal 2026?
Operating profit was $97.5M (34.2% of revenue) and net earnings $43.6M.