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

WHY DO WE GIVE ALL OUR CONTENT AWAY FOR FREE? | DISRUPT60 007
DISRUPT60
182 views
DISRUPT60
182 views

WHY DO WE GIVE ALL OUR CONTENT AWAY FOR FREE? | DISRUPT60 007

CDFuneralNews - July 18, 2018

This question gets asked on the daily, "Why do you give so much away for free?". It's a pretty simple…

ASD’s Spanish Translation Services and Web Form Watch Dog™ Features Selected As Finalists for 2018 NFDA Members’ Choice Award
Answering Service for Directors
14 views
Answering Service for Directors
14 views

ASD’s Spanish Translation Services and Web Form Watch Dog™ Features Selected As Finalists for 2018 NFDA Members’ Choice Award

CDFuneralNews - July 18, 2018

Media, PA—ASD–Answering Service for Directors is pleased to announce two of the company’s features have been recognized as finalists for…

WISCONSON VERDICT HAS HHUUGGEE IMPLICATIONS ON THE FUNERAL PROFESSION | FUNERAL nation 117
Funeral Industry News
1151 views
Funeral Industry News
1151 views

WISCONSON VERDICT HAS HHUUGGEE IMPLICATIONS ON THE FUNERAL PROFESSION | FUNERAL nation 117

CDFuneralNews - July 16, 2018

The divide continues in the land of cheese. Wisconsin Supreme Court delivered the final verdict saying Funeral Homes and cemeteries…

Comments