Matthews International Reports Results for Fourth Quarter and Fiscal Year Ended September 30, 2024
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Matthews International Corporation reported its financial results for the fourth quarter and fiscal year ending September 30, 2024. The company achieved consolidated sales of $446.7 million for the quarter and $1.80 billion for the fiscal year. Additionally, Matthews International reduced its outstanding debt by $53.8 million during the quarter and is progressing well with cost reduction actions. The company has set its adjusted EBITDA guidance for fiscal 2025.
November 21, 2024 | 9:30 pm
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Matthews International reported strong financial results for Q4 and FY2024, with significant sales figures and a reduction in outstanding debt. The company is also making progress in cost reduction efforts.
The positive financial results, including strong sales and debt reduction, are likely to boost investor confidence and positively impact the stock price in the short term. The company's progress in cost reduction and setting of EBITDA guidance for fiscal 2025 further supports a positive outlook.
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