Matthews International Q4 Earnings Beat Estimates, Revenues Down Y/Y
Matthews International(MATW) ZACKS·2024-11-23 01:31
Matthews International Corporation (MATW) reported the fourth-quarter 2024 result, wherein both top and bottom lines surpassed the Zacks Consensus Estimate. However, both metrics declined year over year.The performance was impacted by continued customer delays in MATW’s energy business. Nonetheless, the company’s cost-cutting program did provide some cushion.MATW’s Quarterly Performance: Key InsightsMatthews International posted adjusted quarterly earnings of 55 cents per share, which beat the Zacks Consens ...