Filing Flows › Matthews International (MATW) › Q2 FY25
Matthews International (MATW) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Apr 30, 2025
Matthews International (MATW) reported revenue of $428M for the second quarter fiscal 2025 (Q2 FY25), -9% from a year earlier and +6% from the quarter before. Operating margin was 1.4%, net loss $8.9M (2.1% of revenue).
Matthews International, Q2 FY25: revenue $428M (-9% year over year), operating margin 1.4%, net loss $8.9M, operating cash flow $6.3M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $428M | +6% | -9% |
| Operating profit | $5.9M | — | — |
| Net earnings | −$8.9M | — | — |
| Operating cash flow | $6.3M | — | -89% |
What changed
Revenue was $427.6M in Q2 FY25, down 9% year over year and up 6% from the previous quarter. Memorialization was the largest line at 48% of revenue. Industrial Technologies lost $35.3M year over year (down 30%), 81% of the total change.
Gross margin was 33.7%, up 2.3 points from a year earlier. Operating profit was $5.9M, a 1.4% margin (down 3.1 points year over year). Operating expenses grew 9% against a revenue fall of 9%. The fastest-growing cost line was General & admin (+16%). The quarter ended with a net loss of $8.9M, wider than the previous quarter's $3.5M loss. Net interest and other expense of $17.6M was the main reason.
Operating cash flow was $6.3M (down 89% year over year). Non-cash charges added back $18.2M of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items used $9.0M. Capital expenditures of $8.7M exceeded it, leaving free cash flow of −$2.4M.
Questions
What was Matthews International's revenue in the second quarter fiscal 2025?
Matthews International (MATW) reported revenue of $428M for the second quarter fiscal 2025 (Q2 FY25), -9% from a year earlier and +6% from the quarter before.
Was Matthews International profitable in the second quarter fiscal 2025?
Operating profit was $5.9M (1.4% of revenue) and net loss $8.9M.