Matthews International releases transcript of fiscal 2026 Q3 earnings call
Reuters2026/08/10 18:15- 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.
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