Matthews International Corp
NASDAQ:MATW
Income Statement
Earnings Waterfall
Matthews International Corp
Revenue
|
1.9B
USD
|
Cost of Revenue
|
-1.3B
USD
|
Gross Profit
|
571.1m
USD
|
Operating Expenses
|
-490.6m
USD
|
Operating Income
|
80.4m
USD
|
Other Expenses
|
-47.2m
USD
|
Net Income
|
33.2m
USD
|
Income Statement
Matthews International Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
990
N/A
|
980
-1%
|
1 009
+3%
|
1 107
+10%
|
1 220
+10%
|
1 323
+8%
|
1 408
+6%
|
1 426
+1%
|
1 437
+1%
|
1 455
+1%
|
1 472
+1%
|
1 481
+1%
|
1 475
0%
|
1 489
+1%
|
1 497
+1%
|
1 516
+1%
|
1 536
+1%
|
1 569
+2%
|
1 591
+1%
|
1 603
+1%
|
1 607
+0%
|
1 585
-1%
|
1 552
-2%
|
1 537
-1%
|
1 528
-1%
|
1 511
-1%
|
1 492
-1%
|
1 498
+0%
|
1 520
+1%
|
1 562
+3%
|
1 631
+4%
|
1 671
+2%
|
1 723
+3%
|
1 751
+2%
|
1 744
0%
|
1 762
+1%
|
1 773
+1%
|
1 808
+2%
|
1 858
+3%
|
1 881
+1%
|
1 882
+0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(632)
|
(627)
|
(644)
|
(714)
|
(785)
|
(850)
|
(903)
|
(897)
|
(906)
|
(913)
|
(921)
|
(924)
|
(918)
|
(931)
|
(940)
|
(948)
|
(964)
|
(985)
|
(999)
|
(1 018)
|
(1 028)
|
(1 020)
|
(1 003)
|
(995)
|
(996)
|
(991)
|
(988)
|
(1 001)
|
(1 013)
|
(1 039)
|
(1 091)
|
(1 129)
|
(1 175)
|
(1 210)
|
(1 219)
|
(1 230)
|
(1 234)
|
(1 253)
|
(1 286)
|
(1 303)
|
(1 311)
|
|
Gross Profit |
358
N/A
|
353
-1%
|
366
+4%
|
393
+7%
|
436
+11%
|
473
+9%
|
505
+7%
|
529
+5%
|
531
+0%
|
541
+2%
|
551
+2%
|
557
+1%
|
557
+0%
|
558
+0%
|
557
0%
|
568
+2%
|
572
+1%
|
584
+2%
|
593
+1%
|
584
-1%
|
579
-1%
|
565
-2%
|
549
-3%
|
543
-1%
|
532
-2%
|
520
-2%
|
504
-3%
|
498
-1%
|
508
+2%
|
524
+3%
|
540
+3%
|
542
+0%
|
548
+1%
|
541
-1%
|
525
-3%
|
532
+1%
|
539
+1%
|
555
+3%
|
572
+3%
|
578
+1%
|
571
-1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(265)
|
(265)
|
(277)
|
(311)
|
(343)
|
(382)
|
(418)
|
(424)
|
(440)
|
(443)
|
(439)
|
(438)
|
(431)
|
(432)
|
(434)
|
(446)
|
(450)
|
(458)
|
(464)
|
(446)
|
(444)
|
(436)
|
(431)
|
(455)
|
(543)
|
(473)
|
(481)
|
(472)
|
(556)
|
(473)
|
(485)
|
(500)
|
(506)
|
(496)
|
(478)
|
(483)
|
(484)
|
(494)
|
(501)
|
(490)
|
(491)
|
|
Selling, General & Administrative |
(265)
|
(265)
|
(277)
|
(311)
|
(343)
|
(382)
|
(418)
|
(424)
|
(440)
|
(443)
|
(439)
|
(438)
|
(431)
|
(421)
|
(417)
|
(423)
|
(420)
|
(430)
|
(435)
|
(414)
|
(411)
|
(402)
|
(395)
|
(409)
|
(409)
|
(409)
|
(409)
|
(400)
|
(397)
|
(399)
|
(406)
|
(416)
|
(415)
|
(416)
|
(410)
|
(426)
|
(438)
|
(450)
|
(458)
|
(448)
|
(449)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
(23)
|
(20)
|
(28)
|
(30)
|
(32)
|
(33)
|
(34)
|
(35)
|
(46)
|
(56)
|
(64)
|
(72)
|
(72)
|
(69)
|
(74)
|
(79)
|
(84)
|
(90)
|
(80)
|
(68)
|
(57)
|
(46)
|
(44)
|
(43)
|
(42)
|
(41)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(11)
|
(11)
|
0
|
(11)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(78)
|
0
|
0
|
0
|
(90)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
93
N/A
|
88
-5%
|
89
+1%
|
82
-9%
|
92
+13%
|
91
-1%
|
87
-5%
|
105
+21%
|
92
-13%
|
99
+8%
|
112
+13%
|
119
+6%
|
126
+6%
|
126
+0%
|
122
-3%
|
121
-1%
|
122
+0%
|
126
+4%
|
129
+2%
|
139
+8%
|
135
-2%
|
129
-5%
|
119
-7%
|
88
-26%
|
(11)
N/A
|
48
N/A
|
23
-51%
|
26
+12%
|
(49)
N/A
|
51
N/A
|
55
+8%
|
42
-24%
|
43
+1%
|
45
+7%
|
47
+3%
|
49
+4%
|
55
+13%
|
60
+9%
|
71
+18%
|
88
+24%
|
80
-9%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(10)
|
(9)
|
(9)
|
(11)
|
(14)
|
(16)
|
(18)
|
(20)
|
(21)
|
(22)
|
(23)
|
(22)
|
(23)
|
(23)
|
(24)
|
(24)
|
(25)
|
(29)
|
(32)
|
(36)
|
(40)
|
(39)
|
(40)
|
(40)
|
(36)
|
(38)
|
(35)
|
(33)
|
(32)
|
(27)
|
(26)
|
(26)
|
(25)
|
(25)
|
(26)
|
(27)
|
(31)
|
(37)
|
(41)
|
(45)
|
(46)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(78)
|
0
|
(168)
|
(168)
|
(90)
|
0
|
0
|
0
|
0
|
(31)
|
(41)
|
(41)
|
(123)
|
(94)
|
(83)
|
(86)
|
(3)
|
(2)
|
|
Total Other Income |
(3)
|
(4)
|
(3)
|
(5)
|
(6)
|
(6)
|
4
|
5
|
5
|
7
|
(2)
|
(1)
|
(1)
|
(1)
|
6
|
(1)
|
(3)
|
(4)
|
(14)
|
(5)
|
(4)
|
(3)
|
(3)
|
(9)
|
(11)
|
(12)
|
(13)
|
(9)
|
(8)
|
(9)
|
(9)
|
(7)
|
(6)
|
(3)
|
(1)
|
(3)
|
(3)
|
(2)
|
(2)
|
0
|
0
|
|
Pre-Tax Income |
80
N/A
|
75
-6%
|
77
+2%
|
66
-14%
|
73
+11%
|
69
-6%
|
73
+6%
|
90
+23%
|
77
-15%
|
84
+10%
|
87
+3%
|
95
+10%
|
102
+7%
|
102
+0%
|
105
+3%
|
96
-8%
|
94
-3%
|
93
-1%
|
84
-10%
|
98
+17%
|
92
-6%
|
86
-6%
|
76
-12%
|
(38)
N/A
|
(57)
-51%
|
(170)
-196%
|
(193)
-13%
|
(106)
+45%
|
(89)
+17%
|
15
N/A
|
21
+36%
|
9
-55%
|
(19)
N/A
|
(24)
-25%
|
(21)
+12%
|
(104)
-394%
|
(73)
+30%
|
(62)
+15%
|
(57)
+7%
|
41
N/A
|
33
-20%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(26)
|
(25)
|
(25)
|
(23)
|
(24)
|
(22)
|
(22)
|
(26)
|
(23)
|
(25)
|
(27)
|
(29)
|
(30)
|
(30)
|
(27)
|
(22)
|
(19)
|
(15)
|
(11)
|
9
|
(16)
|
(14)
|
(14)
|
(1)
|
5
|
16
|
26
|
19
|
9
|
(3)
|
(7)
|
(6)
|
4
|
2
|
(1)
|
4
|
(4)
|
(4)
|
(2)
|
(2)
|
0
|
|
Income from Continuing Operations |
54
|
51
|
52
|
43
|
50
|
48
|
51
|
63
|
54
|
59
|
60
|
66
|
72
|
73
|
78
|
74
|
74
|
78
|
73
|
107
|
75
|
72
|
62
|
(39)
|
(52)
|
(154)
|
(167)
|
(88)
|
(79)
|
12
|
14
|
3
|
(15)
|
(22)
|
(23)
|
(100)
|
(76)
|
(65)
|
(60)
|
39
|
33
|
|
Income to Minority Interest |
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
53
N/A
|
50
-6%
|
51
+2%
|
43
-17%
|
49
+15%
|
47
-4%
|
51
+9%
|
63
+24%
|
54
-15%
|
59
+10%
|
60
+1%
|
67
+11%
|
73
+9%
|
73
+1%
|
79
+8%
|
74
-5%
|
99
+33%
|
103
+3%
|
97
-5%
|
107
+10%
|
75
-30%
|
73
-4%
|
63
-14%
|
(38)
N/A
|
(52)
-36%
|
(153)
-197%
|
(166)
-8%
|
(87)
+47%
|
(79)
+10%
|
13
N/A
|
14
+9%
|
3
-79%
|
(15)
N/A
|
(22)
-46%
|
(23)
-2%
|
(100)
-344%
|
(76)
+24%
|
(65)
+14%
|
(60)
+9%
|
39
N/A
|
33
-16%
|
|
EPS (Diluted) |
1.94
N/A
|
1.79
-8%
|
1.86
+4%
|
1.49
-20%
|
1.47
-1%
|
1.42
-3%
|
1.56
+10%
|
1.91
+22%
|
1.62
-15%
|
1.78
+10%
|
1.83
+3%
|
2.03
+11%
|
2.23
+10%
|
2.2
-1%
|
2.41
+10%
|
2.28
-5%
|
3.1
+36%
|
3.21
+4%
|
3.06
-5%
|
3.37
+10%
|
2.38
-29%
|
2.3
-3%
|
1.99
-13%
|
-1.2
N/A
|
-1.67
-39%
|
-4.93
-195%
|
-5.32
-8%
|
-2.79
+48%
|
-2.47
+11%
|
0.41
N/A
|
0.44
+7%
|
0.09
-80%
|
-0.48
N/A
|
-0.7
-46%
|
-0.71
-1%
|
-3.18
-348%
|
-2.47
+22%
|
-2.09
+15%
|
-1.9
+9%
|
1.26
N/A
|
1.06
-16%
|