This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Matthews Int'l Fiscal 4Q Earnings Fall On Charges

PITTSBURGH (AP) ¿ Matthews International Corp., which makes memorial plaques, caskets and other products for the funeral industry, said Thursday its fiscal fourth-quarter earnings fell 23 percent, mostly due to charges related to a consolidation of some production plants.

But Matthews also said that sales were hurt as more customers continued to choose less-expensive products.

The company earned $15.6 million, or 52 cents per share, compared with $20.4 million, or 65 cents per share, in the fiscal fourth-quarter a year ago.

Earnings for the fourth quarter ended Sept. 30 included pretax charges of about $3.3 million, or 7 cents per share, mostly due to severance and other costs related to the consolidation of production plants within the company's bronze segment, costs related to operational improvements in several other units and some write-downs on the value of certain assets.

Revenue slid 8.7 percent to $200.2 million, from $219.2 million in the prior-year period.

Analysts polled by Thomson Reuters, who generally exclude one-time gains and losses in their estimates, forecast a profit of 58 cents per share on $192 million in sales.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
MATW $52.28 1.30%
AAPL $92.72 -0.56%
FB $119.49 1.43%
GOOG $711.12 1.38%
TSLA $214.93 1.61%


Chart of I:DJI
DOW 17,740.63 +79.92 0.45%
S&P 500 2,057.14 +6.51 0.32%
NASDAQ 4,736.1550 +19.0610 0.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs