PITTSBURGH, PA, JANUARY 21, 2010 – Matthews International Corporation (NASDAQ GSM: MATW) today announced earnings for the fiscal quarter ended December 31, 2009. Net income attributable to the Company was $12,996,000 for the fiscal 2010 first quarter, compared to $11,289,000 for the first three months of fiscal 2009. Earnings per share for the fiscal 2010 first quarter were $0.43 per share, compared to $0.37 per share for the same quarter a year ago. The prior year first quarter results included unusual charges of approximately $6,600,000 (pre-tax), or $0.14 per share, which primarily consisted of costs related to the consolidation of certain production operations within the Company’s Bronze segment, cost structure initiatives in certain of the Company’s other businesses and certain asset adjustments. In addition, earnings for the first quarter a year ago included the favorable effect of a one-time adjustment of $0.03 per share to income tax expense related to the Company’s ability to utilize a European tax loss carryover generated in prior years.
1Q 2010 Earnings & Dividend