PITTSBURGH, PA, NOVEMBER 13, 2008 – Matthews International Corporation (NASDAQ NNM: MATW) today announced financial results for the fourth quarter and fiscal year ended September 30, 2008. For the fiscal 2008 fourth quarter, net income was $20,392,000, or $0.66 per share, compared to $20,225,000, or $0.64 per share for the fourth quarter a year ago. Sales in the fiscal 2008 fourth quarter were $219,178,000, compared to $185,472,000 in the fiscal 2007 fourth quarter. Operating profit for the quarter ended September 30, 2008 was $35,048,000, compared to $34,866,000 in the same quarter last year. Operating profit for the fiscal 2007 fourth quarter was favorably impacted by unusual items of approximately $4.1 million ($0.08 per share net of tax), representing the benefit of favorable litigation settlements (net of legal costs incurred) in the casket segment and again on the sale of the Company’s marketing consultancy business.
4Q 2008 & Fiscal 2008 Results