Matthews International releases transcript of fiscal 2026 Q3 earnings call
MATW•Propelis synergy timing delayed
Matthews said the timing of Propelis synergies slipped because of SAP work.
The company flagged a $5 million full-year shortfall and said the exit run-rate is still targeted at about $130 million.
Q3 results and call participants
Matthews International released a transcript of its fiscal 2026 third-quarter earnings call, attended by CEO Joseph Bartolacci, CFO Daniel Stopar, analysts and investors.
The company reported a Q3 net loss of $23.7 million on sales of $246 million. Adjusted EBITDA was $35 million, down from $44.6 million, and was hurt by weakness in the Engineering business.
Engineering cost actions and strategic review
The company said it has cut the Engineering cost base by $10 million annually.
Strategic alternatives for the Germany-based operation remain under review through the fourth quarter.
