PITTSBURGH, PA, JULY 23, 2009 – Matthews International Corporation (NASDAQ GSM: MATW) today announced earnings for the fiscal quarter ended June 30, 2009. Net income for the Company’s fiscal 2009 third quarter was $18,068,000, representing earnings per share of $0.60. The fiscal 2009 third quarter results included net unusual charges of approximately $1.3 million (pre-tax), or $0.03 per share. Unusual items for the current quarter primarily consisted of charges related to the consolidation of certain production operations within the Company’s Bronze segment and costs related to operational and systems improvements in certain of the Company’s other businesses, net of favorable changes in certain asset values resulting from current market conditions. Fiscal 2009 third quarter earnings also included the favorable effect of an adjustment of $0.01 per share, primarily related to changes in the estimated tax accruals for open tax periods. Net income for the quarter ended June 30, 2008 was $21,378,000, or $0.69 per share.
3Q 2009 Earnings & Dividend