Matthews International releases transcript of fiscal 2026 Q3 earnings call

Reuters2026/08/10 18:15

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Matthews posted a transcript of its Q3 fiscal 2026 earnings call attended by CEO Joseph Bartolacci, CFO Daniel Stopar, analysts, investors.
Adjusted EBITDA guidance cut to $158 million-$162 million, including its 40% share of Propelis, citing Engineering delays, tariffs, input costs.
Q3 net loss $23.7 million; sales $246 million; Adjusted EBITDA $35 million, down from $44.6 million, hit by Engineering weakness.
Engineering cost base cut by $10 million annually; strategic alternatives for the Germany-based operation under review through Q4.
Propelis synergy timing slipped due to SAP work; $5 million full-year shortfall flagged; exit run-rate still targeted at about $130 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Matthews International Corporation published the original content used to generate this news brief on August 10, 2026, and is solely responsible for the information contained therein.

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Matthews International releases transcript of fiscal 2026 Q3 earnings call

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