Filing Flows › Matthews International (MATW) › Q3 FY25
Matthews International (MATW) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Aug 6, 2025
Matthews International (MATW) reported revenue of $349M for the third quarter fiscal 2025 (Q3 FY25), -18% from a year earlier and -18% from the quarter before. Operating margin was 21.5%, net earnings $15.4M (4.4% of revenue).
Matthews International, Q3 FY25: revenue $349M (-18% year over year), operating margin 21.5%, net earnings $15.4M, operating cash flow −$15.2M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $349M | -18% | -18% |
| Gross profit | $122M | -15% | -7% |
| Operating profit | $75.2M | 13× | 11× |
| Net earnings | $15.4M | — | +766% |
| Operating cash flow | −$15.2M | -340% | — |
What changed
Revenue was $349.4M in Q3 FY25, down 18% year over year and down 18% from the previous quarter. Memorialization was the largest line at 58% of revenue. SGK Brand Solutions lost $75.7M year over year (down 57%), 96% of the total change.
Gross margin was 34.9%, up 4.1 points from a year earlier. Operating profit was $75.2M, a 21.5% margin (up 20.0 points year over year). Operating expenses fell 63% while revenue fell 18%. Net earnings were $15.4M, up 766% year over year. The effective tax rate was 73.9%.
Operating cash flow was −$15.2M. Non-cash charges added back $15.8M of depreciation and amortization and $8.8M of share-based compensation. Working capital and other items used $55.3M. Capital expenditures of $8.1M exceeded it, leaving free cash flow of −$23.3M.
Questions
What was Matthews International's revenue in the third quarter fiscal 2025?
Matthews International (MATW) reported revenue of $349M for the third quarter fiscal 2025 (Q3 FY25), -18% from a year earlier and -18% from the quarter before.
Was Matthews International profitable in the third quarter fiscal 2025?
Operating profit was $75.2M (21.5% of revenue) and net earnings $15.4M.