Matthews International Shows Q1 Profits
Casket 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.
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.
Latest posts by CDFuneralNews (see all)
- In 2018, What Are the Best Times to Post On Social Media? - February 12, 2018
- 49 Wilbert Licensees Earn Ultimate Service Provider for 2017 - February 7, 2018
- Learn and Connect at 2018 NFDA Professional Women’s Conference - February 7, 2018
You may be interested
In 2018, What Are the Best Times to Post On Social Media?CDFuneralNews - February 12, 2018
Social media is one of the best ways to amplify your brand and the great content you’re creating. But it…
Do You Have a Facebook Post for Valentine’s Day? Use This FREE Video DownloadJustin Crowe - February 9, 2018
Holidays are a great time to reach out to your local community on Facebook. They are a shared experience driven…
“Going Out In Style” will Plan Your Funeral in the Most Extravagant WayJustin Crowe - February 7, 2018
I've never desired to plan my funeral until seeing the events that are being designed by the women at Going Out…