Matthews International Corporation Q2 Fiscal 2026 Earnings Release

Matthews International Corporation reported its financial results for the second fiscal quarter of 2026. The company experienced higher sales and adjusted EBITDA in its Memorialization segment, driven by the acquisition of The Dodge Company. The Product Identification business also saw increased sales. However, the Industrial Technologies segment reported a sales decline, mainly due to the divestiture of its warehouse automation business and challenges in the engineering sector, including the ongoing Tesla dispute. Matthews International received a favorable arbitrator ruling in the Tesla dispute, which confirmed its right to develop and sell proprietary dry battery electrode solutions, with a narrow injunction not expected to materially impact operations. The company also completed a bond refinancing, reducing interest expense. Matthews International maintained its fiscal 2026 outlook, expecting adjusted EBITDA of $180 million.