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![MATTHEWS INTERNATIONAL CORP [MATW] has reported $39136K profit for Q4 2023 ended Q3.](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FMATW.png&w=1200&q=75)
MATTHEWS INTERNATIONAL CORP [MATW] has reported $39136 profit for Q4 2023 ended Q3.
The PITTSBURGH, Pennsylvania based company recorded net profit of $88117K on operating income of 88117. Earnings per share rose to 1.26.
Based on the values in the Balance Sheet table, comparing the data from the current reporting period to the year over year values, we can observe the following:
In the current reporting period, revenue increased from $1,762,403,000 to $1,880,896,000 compared to the same period in the previous year. Cost of goods sold also increased from $1,240,125,000 to $1,303,224,000. Despite the increase in expenses, the company managed to achieve a net income of $39,136,000, a significant improvement from the net loss of $99,828,000 in the previous year. Earnings per share also improved from a loss of $3.18 per share to a positive $1.28 per share on a basic level, and from a loss of $3.18 per share to a positive $1.26 per share on a diluted level. These positive financial results indicate the company's improved performance compared to the same period in the previous year.
In the Cash Flow Statement table, comparing the data from the current reporting period to the year over year values, there are some notable changes. Net cash from investments decreased significantly from -$58,725 in the previous year to -$80,852 in the current year, indicating a decrease in investment activities. Net cash from financing also decreased from -$37,213 to -$50,195, suggesting a reduction in financing activities. However, net cash from operating activities remained relatively stable, with values of $126,860 in the previous year and $79,524 in the current year. Overall, there was a net decrease in cash and cash equivalents from $3,071 in the previous year to -$29,313 in the current year, highlighting a potential liquidity issue.