Matthews (MATW) Tops Q2 EPS by 2c, Reaffirms FY 2018 Guidance

Matthews (NASDAQ: MATW) reported Q2 EPS of $0.93, $0.02 better than the analyst estimate of $0.91. Revenue for the quarter came in at $414.1 million versus the consensus estimate of $396 million.

Guidance (emphasis StreetInsider):

Mr. Bartolacci further stated: “Order rates in our Industrial Technologies segment and for tobacco-related products and engineered solutions in our SGK Brand Solutions segment remain strong. In addition, recent new brand account wins are expected to contribute to our results beginning in our fiscal 2018 third quarter. As a result, based on our year-to-date results and projections for the remainder of the year, the Company is re-affirming its target for fiscal 2018 and expects to achieve growth in non-GAAP earnings per share of at least 10% over fiscal 2017.”

For earnings history and earnings-related data on Matthews (MATW) click here.

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