Matthews (NASDAQ: MATW) reported Q4 EPS of $1.01, $0.01 worse than the analyst estimate of $1.02. Revenue for the quarter came in at $392.4 million versus the consensus estimate of $385.17 million.

Outlook:

Mr. Bartolacci further stated: “As noted earlier, we have already started to receive several of the orders delayed from the fiscal 2019 fourth quarter, which will contribute favorably in fiscal 2020. As a result, we are currently targeting revenue growth in our Industrial Technologies and Memorialization segments. In addition, despite challenging conditions in its European markets, we also expect modest revenue growth for the SGK Brand Solutions segment due to improving U.S. market conditions and the recent energy storage order. Further, we expect our cost structure efforts to modestly contribute to fiscal 2020 results.

“Our strategic review has also resulted in improvements to the commercial structure within our SGK Brand Solutions segment, including the consolidation of several of the segment’s trade names. As a result, the amortization of these intangible assets will significantly increase for the next three years. Please note that, while this will unfavorably impact reported net income on a GAAP basis, this non-cash expense will not impact non-GAAP adjusted earnings per share.

“Based on these factors, we are currently projecting non-GAAP adjusted earnings per share and adjusted EBITDA growth in the mid-single digit percentage range over fiscal 2019.”

For earnings history and earnings-related data on Matthews (MATW) click here.