Matthews International Q1 Earnings Call Highlights: Strategic Pivot, Balance Sheet Repair, and Propelis Stake

Matthews International reported Q1 net income of $43.6 million, driven by divestiture gains, despite consolidated sales falling to $285 million due to asset sales. The company has executed several divestitures, early redeemed $300 million of 8.625% notes, and cut net debt to $506 million. Matthews reiterated fiscal 2026 adjusted EBITDA guidance of at least $180 million and declared a $0.255 quarterly dividend.