Matthews International: Fiscal 4Q Earnings Snapshot
PITTSBURGH (AP) _ Matthews International Corp. (MATW) on Thursday reported fiscal fourth-quarter earnings of $29.6 million.
The Pittsburgh-based company said it had profit of 93 cents per share. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were $1.23 per share.
The casket and memorial manufacturer posted revenue of $407.4 million in the period.
For the year, the company reported profit of $107.4 million, or $3.37 per share. Revenue was reported as $1.6 billion.
Matthews International shares have declined 24 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $40.23, a decrease of 30 percent in the last 12 months.