Matthews (MATW) Misses Q4 EPS by 1c, Revenue Beats, Offers Outlook

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Go back to Matthews (MATW) Misses Q4 EPS by 1c, Revenue Beats, Offers Outlook

Matthews International Reports Results for Fourth Quarter and Fiscal Year Ended September 30, 2019

November 21, 2019 4:20 PM EST

Financial Highlights:

Fiscal 2019 consolidated sales of $1.54 billion; $392.4 million for 4th quarterCompany targets growth for fiscal 20204th quarter debt reduction of $39 millionEstimated annual savings from cost reduction project of at least $25 million4th quarter goodwill write-down of $78 million

PITTSBURGH, Nov. 21, 2019 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for its fiscal 2019 fourth quarter and fiscal year ended September... More