Matthews International Full Year 2024 Earnings: EPS Misses Expectations

Matthews International (NASDAQ:MATW) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.80b (down 4.5% from FY 2023).
• Net loss: US$59.7m (down by 252% from US$39.3m profit in FY 2023).
• US$1.93 loss per share (down from US$1.28 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Matthews International EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 7.2% growth forecast for the Commercial Services industry in the US.

Performance of the American Commercial Services industry.

The company's shares are up 29% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Matthews International (1 shouldn't be ignored) you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.