Matthews swings to FY26 Q3 net loss of $23.69 million; net sales drop 29.6% to $246.02 million year over year

Reuters2026/08/06 21:15

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Matthews posted a GAAP net loss of USD 23.69 million, swinging from profit; diluted EPS turned to a loss of USD 0.75.
Net sales fell 29.6% to USD 246.02 million; GAAP operating results swung to a loss of USD 13.22 million.
Non-GAAP adjusted EBITDA declined to USD 34.97 million from USD 44.55 million; non-GAAP EPS dropped 78.6% to USD 0.06.
Industrial Technologies sales slid to USD 37.96 million from USD 87.9 million, reflecting the warehouse automation divestiture and engineering challenges.
Adjusted EBITDA outlook was cut to USD 158 million-USD 162 million, citing energy storage delays and a USD 5 million Propelis timing shortfall.

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 via PR Newswire (Ref. ID: 202608061615PR_NEWS_USPR_____NE21193) on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Matthews swings to FY26 Q3 net loss of $23.69 million; net sales drop 29.6% to $246.02 million year over year

You may also like

Crypto prices