Filing Flows › Matthews International (MATW) › Q4 FY24
Matthews International (MATW) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 22, 2024
Matthews International (MATW) reported revenue of $447M for the fourth quarter fiscal 2024 (Q4 FY24), -7% from a year earlier and +4% from the quarter before. Operating margin was -11.1%, net loss $68.2M (15.3% of revenue).
Matthews International, Q4 FY24: revenue $447M (-7% year over year), operating margin -11.1%, net loss $68.2M, operating cash flow $35.9M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $447M | +4% | -7% |
| Operating profit | −$49.8M | — | — |
| Net earnings | −$68.2M | — | — |
| Operating cash flow | $35.9M | +166% | 14× |
| Free cash flow | $23.9M | +450% | — |
What changed
Revenue was $446.7M in Q4 FY24, down 7% year over year and up 4% from the previous quarter.
Gross margin was 26.3%, down 5.1 points from a year earlier. Operating costs exceeded revenue by $49.8M, an operating margin of -11.1%. Operating expenses grew 34% against a revenue fall of 7%. The fastest-growing cost line was Other operating costs (+146%). The quarter ended with a net loss of $68.2M, after a profit of $1.8M the previous quarter.
Operating cash flow was $35.9M (up 1273% year over year). Non-cash charges added back $24.3M of depreciation and amortization and $4.2M of share-based compensation. Working capital and other items added $75.6M. Capital expenditures of $12.0M left free cash flow of $23.9M.
Questions
What was Matthews International's revenue in the fourth quarter fiscal 2024?
Matthews International (MATW) reported revenue of $447M for the fourth quarter fiscal 2024 (Q4 FY24), -7% from a year earlier and +4% from the quarter before.
Was Matthews International profitable in the fourth quarter fiscal 2024?
Operating loss was $49.8M (-11.1% of revenue) and net loss $68.2M.