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Matthews International Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

Matthews International (NASDAQ:MATW) Full Year 2022 Results

Key Financial Results

  • Revenue: US$1.76b (up 5.5% from FY 2021).

  • Net loss: US$99.8m (down from US$2.91m profit in FY 2021).

  • US$3.18 loss per share (down from US$0.092 profit in FY 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Matthews International Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Commercial Services industry in the US.

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Performance of the American Commercial Services industry.

The company's shares are up 13% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Matthews International (1 makes us a bit uncomfortable) you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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