MATW - More on Matthews International's Q4 results
Matthews International ([[MATW]] -0.0%) reported FQ4 sales increased by 1.7% Y/Y to $399.1M, driven by strong sales of caskets, cemetery memorial products and cremation equipment.Sales by segments: SGK Brand Solutions $179.58M (-3.5% Y/Y); Memorialization $177.69M (+9.3% Y/Y); and Industrial Technologies $41.87M (-4.4% Y/Y).Gross margin declined by 218 bps to 34.2%; and operating margin recovered by 2,1041 bps to 5.2%.Q4 Adj. EBITDA increased by 8.3% Y/Y to $64.1M; and margin expanded by ~100 bps to 16.1%.Net cash provided by operating activities YTD $180.45M, compared to $131.08M a year ago.Company purchased ~174,000 shares under its repurchase program during FY20.Company expects FY21 to be relatively steady on a consolidated basis with FY20; and will continue to emphasize operating cash flow generation in FY21.Previously: Matthews EPS beats by $0.26, beats on revenue (Nov. 19)
For further details see:
More on Matthews International's Q4 results