Matthews International Shows Q1 Profits

January 22, 2010
Advertisement

imageCasket maker Matthews International Corp (MATW.O) posted a better-than-expected quarterly profit, helped by recent acquisitions and favorable foreign exchange impact and reaffirmed its outlook for 2010.

The company said net income for the first quarter ended Dec. 31 was $13.7 million, or 43 cents per share, compared with net income of $11.3 million, or 37 cents a share, a year ago.

Revenue rose marginally to $193 million.

Advertisement

Analysts on average were expecting earnings of 41 cents per share on revenue of $190.6 million, according to Thomson Reuters I/B/E/S.

In November, the company had said it expected its earnings for fiscal 2010 to be at a level relatively consistent with 2009 earnings, excluding unusual items.

“I believe the current market conditions will continue to be challenging for most of our businesses,” Chief Executive Joseph Bartolacci said in a statement.

Shares of the Pittsburgh, Pennsylvania-based company closed at $34.01 Thursday on Nasdaq.

Source: Reuters.com

CDFuneralNews

CDFuneralNews

ConnectingDirectors.com is the leading online daily publication for funeral professionals with a reader base of over 45,000 of the most elite and forward-thinking professionals in the profession. With ConnectingDirectors.com we have created a global community through an online platform allowing funeral professionals to Stay Current. Stay Informed and Stay Elite.
CDFuneralNews
Advertisement

You may be interested

2017 REFLECTION OF NFDA BOSTON AND A TRIBUTE TO THE VETERANS | FUNERAL nation 094
FUNERAL Nation
192 views
FUNERAL Nation
192 views

2017 REFLECTION OF NFDA BOSTON AND A TRIBUTE TO THE VETERANS | FUNERAL nation 094

CDFuneralNews - November 13, 2017

On this episode, we send a big "thank you" to our very own Funeral Commander, Jeff Harbeson in honor of…

Justin Baxley Joins Homesteaders Life Company
Funeral Industry Press Releases
32 views
Funeral Industry Press Releases
32 views

Justin Baxley Joins Homesteaders Life Company

CDFuneralNews - November 13, 2017

West Des Moines, Iowa — Homesteaders Life Company Vice President of Strategic Markets Will Bischoff announced today that Justin Baxley…

Carriage Funeral Services Busting into Colorado Market
News
130 views
News
130 views

Carriage Funeral Services Busting into Colorado Market

CDFuneralNews - November 13, 2017

Originally Published on Houston Business Journal A Houston-based funeral home company is entering the Colorado market by acquiring two northern…

Comments