Matthews swings to FY26 Q3 net loss of $23.69 million; net sales drop 29.6% to $246.02 million year over year - MATW News | RalliesMatthews swings to FY26 Q3 net loss of $23.69 million; net sales drop 29.6% to $246.02 million year over year
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MATW• Outlook
- Adjusted EBITDA outlook was cut to $158 million-$162 million, citing energy storage delays and a $5 million Propelis timing shortfall.
Quarterly results
- Matthews posted a GAAP net loss of $23.69 million, swinging from profit; diluted EPS turned to a loss of $0.75.
- Net sales fell 29.6% to $246.02 million; GAAP operating results swung to a loss of $13.22 million.
- Non-GAAP adjusted EBITDA declined to $34.97 million from $44.55 million; non-GAAP EPS dropped 78.6% to $0.06.
Segment performance
- Industrial Technologies sales slid to $37.96 million from $87.9 million, reflecting the warehouse automation divestiture and engineering challenges.
