Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2024
Sep. 30, 2024
Current assets:    
Cash and cash equivalents $ 33,513 $ 40,816
Accounts receivable, net 199,303 205,984
Inventories, net 241,585 237,888
Contract assets 88,617 92,969
Other current assets 60,181 54,886
Total current assets 623,199 632,543
Noncurrent Assets    
Investments 22,615 23,076
Property, plant and equipment, net 264,895 279,499
Operating lease right-of-use assets 62,063 60,499
Deferred income taxes 6,120 6,548
Goodwill 685,967 697,123
Other intangible assets, net 116,878 126,026
Other assets 9,982 9,576
Total assets 1,791,719 1,834,890
Current liabilities:    
Long-term debt, current maturities 7,260 6,853
Current portion of operating lease liabilities 22,365 22,617
Trade accounts payable 101,927 108,362
Accrued rebates 23,422 23,766
Accrued compensation 59,663 88,781
Accrued income taxes 7,872 7,522
Contract liabilities 28,388 28,723
Other current liabilities 144,684 148,151
Total current liabilities 395,581 434,775
Long-term debt 801,951 769,614
Operating lease liabilities 41,824 40,073
Deferred income taxes 46,674 45,688
Other liabilities 92,233 107,534
Total liabilities 1,378,263 1,397,684
Shareholders' equity-Matthews:    
Common stock 36,334 36,334
Additional paid-in capital 144,588 159,497
Retained earnings 611,358 623,063
Accumulated other comprehensive loss (181,491) (168,742)
Treasury stock, at cost (197,381) (212,994)
Total shareholders' equity-Matthews 413,408 437,158
Noncontrolling interests 48 48
Total shareholders' equity 413,456 437,206
Total liabilities and shareholders' equity $ 1,791,719 $ 1,834,890