Financial Analysis

"COMMITMENTS AND CONTINGENT LIABILITIES: In the normal course of business, the Company may provide certain customers with performance guarantees, and at times letters of credit or surety bonds. The terms of these agreements expire at various dates between fiscal 2025 and 2027. In general, the Company would only be liable for the amounts of these guarantees in the event that non-performance by the Company permits termination of the related contract by the Company's customer. The Company maintains it is in compliance with its performance obligations under all contracts for which there is a performance guarantee, and the ultimate liability, if any, incurred in connection with these guarantees will not have a material adverse effect on the Company's consolidated financial position, results of operations or cash flows. The Company has employment agreements with certain employees, the terms of which expire at various dates between fiscal 2026 and 2029. The agreements generally provide for base salary and bonus levels and include non-compete provisions. The aggregate commitment for salaries under these agreements at September 30, 2025 was $8,289. The Company is party to various legal proceedings and claims arising in the ordinary course of business, the eventual outcome of which are not predictable. Although the ultimate disposition of these ordinary course proceedings is not presently determinable, management is of the opinion that they should not result in liabilities in an amount …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

"DEBT AND FINANCING ARRANGEMENTS: Long-term debt at September 30, 2025 and 2024 consisted of the following: 2025 2024 Revolving credit facilities $ 385,007 $ 444,011 2027 Senior Secured Notes 296,110 294,751 Other borrowings 7,151 15,602 Finance lease obligations 22,564 22,103 Total debt 710,832 776,467 Less current maturities (7,230) (6,853) Long-term debt $ 703,602 $ 769,614 The Company has a domestic credit facility with a syndicate of financial institutions that was amended and restated in September 2024. The amended and restated loan agreement includes a $750,000 senior secured revolving credit facility, which matures in January 2029, subject to the terms and conditions of the amended facility. The obligations under the domestic credit facility are secured by a first priority lien on substantially all of the assets of the Company and certain of its domestic subsidiaries. A portion of the revolving credit facility (not to exceed $350,000) can be drawn in foreign currencies. Borrowings under the revolving credit facility bear interest at Secured Overnight Financing Rate (""SOFR""), plus a 0.10% per annum rate spread adjustment, plus a factor ranging from 1.00% to 2.00% (1.25% at September 30, 2025) based on the Company's leverage ratio. The leverage ratio is defined as total indebtedness divided by EBITDA (earnings before interest, income taxes, depreciation and amortization) as defined within the domestic credit facility agreement. The Company is required to pay an annual …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Disaggregated sales by segment and region for the years ended September 30, 2025, 2024 and 2023 were as follows: North America Central and South America (1) Europe Australia Asia Consolidated Memorialization: 2025 $ 774,246 $ $ 23,135 $ 12,133 $ $ 809,514 2024 788,918 30,446 10,367 829,731 2023 799,153 32,745 11,099 842,997 Industrial Technologies: 2025 $ 136,662 $ $ 199,254 $ $ 6,313 $ 342,229 2024 141,395 284,987 6,774 433,156 2023 164,334 333,759 7,658 505,751 Brand Solutions: 2025 $ 159,176 $ 3,089 $ 134,688 $ 5,318 $ 43,675 $ 345,946 2024 252,210 5,456 206,763 9,147 59,274 532,850 2023 255,751 5,260 206,232 8,814 56,091 532,148 Consolidated: 2025 $ 1,070,084 $ 3,089 $ 357,077 $ 17,451 $ 49,988 $ 1,497,689 2024 1,182,523 5,456 522,196 19,514 66,048 1,795,737 2023 1,219,238 5,260 572,736 19,913 63,749 1,880,896 (1) Following the contribution of the SGK Business to Propelis in the third quarter of fiscal 2025, the Company no longer had operations in South America. …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

"SHARE-BASED PAYMENTS The Company maintains an equity incentive plan (as amended and restated, the ""2017 Equity Incentive Plan"") that provides for grants of stock options, restricted shares, restricted share units (""RSUs""), stock-based performance units and certain other types of stock-based awards. Under the 2017 Equity Incentive Plan, which has a ten -year term from the date the Company's Board of Directors approved of the second amendment and restatement of the 2017 Equity Incentive Plan, the maximum number of shares available for grants or awards is an aggregate of 4,950,000 (subject to adjustment upon certain events such as stock dividends or stock splits), following the second amendment and restatement of the 2017 Equity Incentive Plan at the Company's 2025 Annual Shareholder Meeting. At September 30, 2025, 1,896,757 shares have been issued under the 2017 Equity Incentive Plan. 1,518,963 time-based RSUs, 1,963,334 performance-based RSUs, and 75,000 stock options have been granted under the 2017 Equity Incentive Plan. 1,648,145 of these share-based awards are outstanding as of September 30, 2025. The 2017 Equity Incentive Plan is administered by the Compensation Committee of the Board of Directors (the ""Committee""). The number of shares issued under performance-based RSUs may be up to 200% of the number of performance-based RSUs, based on the satisfaction of specific criteria established by the plan administrator. For the years ended September 30, 2025, 2024 and 20 …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

"FAIR VALUE MEASUREMENTS: Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three level fair value hierarchy is used to prioritize the inputs used in valuations, as defined below: Level 1: Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities in active markets. Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3: Unobservable inputs for the asset or liability. As of September 30, 2025 and 2024, the fair values of the Company's assets and liabilities measured on a recurring basis were categorized as follows: September 30, 2025 Level 1 Level 2 Level 3 Total Assets: Derivatives (1) $ $ 39 $ $ 39 Equity and fixed income mutual funds 859 859 Life insurance policies 5,239 5,239 Total assets at fair value $ $ 6,137 $ $ 6,137 Liabilities: Derivatives (1) (2) $ $ 60,918 $ $ 60,918 Total liabilities at fair value $ $ 60,918 $ $ 60,918 September 30, 2024 Level 1 Level 2 Level 3 Total Assets: Equity and fixed income mutual funds $ $ 839 $ $ 839 Life insurance policies 5,493 5,493 Total assets at fair value $ $ 6,332 $ $ 6,332 Liabilities: Derivatives (1) (2) $ $ 69,573 $ $ 69,573 Total liabilities at fair value $ $ 69,573 $ $ 69,573 (1) Interest rate swaps and cross currency swaps are valued based on observable marke …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

GOODWILL AND OTHER INTANGIBLE ASSETS: Changes to goodwill during the years ended September 30, 2025 and 2024, follow. Memorialization Industrial Technologies Brand Solutions Consolidated Net goodwill at September 30, 2023 $ 366,015 $ 115,073 $ 217,021 $ 698,109 Additions during period 2,551 2,551 Translation and other adjustments 4,578 1,199 7,413 13,190 Goodwill write-down (16,727) (16,727) Net goodwill at September 30, 2024 373,144 99,545 224,434 697,123 Additions during period 14,606 14,606 Translation and other adjustments (213) 479 (6,385) (6,119) Sale of SGK Business (218,049) (218,049) Net goodwill at September 30, 2025 $ 387,537 $ 100,024 $ $ 487,561 The net goodwill balances at September 30, 2025 and 2024 included $45,673 and $277,913 of accumulated impairment losses, respectively. Accumulated impairment losses at September 30, 2025 were $5,000 and $40,673 for the Memorialization and Industrial Technologies segments, respectively. Accumulated impairment losses at September 30, 2024 were $5,000, $40,673, and $232,240 for the Memorialization, Industrial Technologies and Brand Solutions segments, respectively. Fiscal 2025: In fiscal 2025, the additions reflect the acquisitions of The Dodge Company and another small business within the Memorialization segment. The Company performed its annual quantitative impairment review of goodwill and indefinite-lived intangible assets in the second quarter of fiscal 2025 (January 1, 2025) and determined that the estimated fair value …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

INCOME TAXES: The income tax provision (benefit) consisted of the following: 2025 2024 2023 Current: Federal $ 2,800 $ 2,897 $ 13,967 State 2,927 1,849 4,381 Foreign 11,813 10,480 5,052 17,540 15,226 23,400 Deferred: Federal 11,728 (15,507) (14,466) State 1,807 (2,372) (1,887) Foreign 9,605 (7,344) (5,273) 23,140 (25,223) (21,626) Total $ 40,680 $ (9,997) $ 1,774 The reconciliation of the federal statutory tax rate to the consolidated effective tax rate was as follows: 2025 2024 2023 Federal statutory tax rate 21.0 % 21.0 % 21.0 % Effect of state income taxes, net of federal deduction 25.4 % 1.3 % 3.8 % Foreign statutory taxes compared to federal statutory rate (23.6) % 19.6 % (0.7) % Share-based compensation 13.8 % (0.7) % 3.6 % Tax credits (net of withholding taxes) (8.5) % 3.6 % (7.0) % Goodwill write-down % (4.9) % % Nontaxable income (2.0) % 5.0 % (7.5) % Nondeductible held-for-sale asset write-downs 10.3 % (4.0) % % Change in realizability of foreign deferred tax assets 43.8 % (30.7) % (9.5) % Sale of SGK Business 157.5 % % % Pillar Two top-up tax 5.3 % % % Sale of foreign assets 8.6 % % % Other (0.8) % 4.2 % 0.6 % Effective tax rate 250.8 % 14.4 % 4.3 % The Company's consolidated income taxes for the year ended September 30, 2025 were an expense of $40,680, compared to a benefit of $9,997 for fiscal 2024, and an expense of $1,774 for fiscal 2023. The difference between the Company's consolidated income taxes for fiscal 2025 compared to fiscal 2024 partially resulted fr …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

LEASES: The Companys lease portfolio includes various contracts for real estate, vehicles, information technology and other equipment. The following table presents the balance sheet and lease classification for the Company's lease portfolio as of September 30, 2025 and 2024, respectively: Balance Sheet Classification Lease Classification 2025 2024 Non-current assets: Property, plant and equipment, net Finance $ 31,641 $ 26,428 Operating lease right-of-use-assets Operating 51,610 60,499 Total lease assets $ 83,251 $ 86,927 Current liabilities: Long-term debt, current maturities Finance $ 7,230 $ 5,820 Current portion of operating lease liabilities Operating 17,186 22,617 Non-current liabilities: Long-term debt Finance 15,334 16,283 Operating lease liabilities Operating 36,099 40,073 Total lease liabilities $ 75,849 $ 84,793 The following table presents the components of lease cost for the years ended September 30, 2025, 2024 and 2023, respectively: 2025 2024 2023 Finance lease cost: Amortization of ROU assets $ 7,035 $ 5,104 $ 2,791 Interest on lease liabilities 1,159 808 248 Operating lease cost 24,371 21,463 21,546 Variable lease cost 8,518 10,960 10,601 Sublease income (185) (273) (89) Total lease cost $ 40,898 $ 38,062 $ 35,097 Supplemental information regarding the Company's leases follows: For the Year Ended September 30, 2025 2024 2023 Cash paid for finance and operating lease liabilities: Operating cash flows from finance leases $ 1,159 $ 824 $ 259 Operating cash flows …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

"Issued In September 2025, the Financial Accounting Standards Board (the ""FASB"") issued Accounting Standards Update (""ASU"") No. 2025-06, IntangiblesGoodwill and OtherInternal-Use Software (Subtopic 350-40) . The amendments in this ASU remove all references to prescriptive and sequential software development stages and now require entities to begin capitalizing software costs once management has authorized and committed to funding the software project, and when it is probable that the project will be completed and the software will fulfill its intended purpose. The ASU is effective for annual and interim periods beginning in fiscal year 2029. The Company is in the process of assessing the impact this ASU will have on its consolidated financial statements. In July 2025, the FASB issued ASU No. 2025-05, Financial InstrumentsCredit Losses (Topic 326) which provides all entities with a practical expedient that assumes that current conditions as of the balance sheet date do not change for the remaining life of the asset when estimating expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under Topic 606. The ASU is effective for annual and interim periods beginning in fiscal year 2027. The Company is in the process of assessing the impact this ASU will have on its consolidated financial statements. In November 2024, the FASB issued ASU No. 2024-03, Income StatementReporting Comprehensive IncomeExpense Disaggr …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

"PENSION AND OTHER POSTRETIREMENT PLANS: The Company provides defined benefit pension and other postretirement plans to certain employees. During fiscal 2021, future benefit accruals were frozen for all participants in the Company's non-qualified Supplemental Retirement Plan (""SERP"") and the defined benefit portion of the Officers Retirement Restoration Plan (""ORRP""). Additionally, the Company notified plan participants of its intention to terminate and fully settle the obligations of these plans. In the first quarter of fiscal 2023, the Company made lump sum payments totaling $24,242 to fully settle the SERP and defined benefit portion of the ORRP obligations. The settlement of these plan obligations resulted in the recognition of a non-cash charge of $1,271, which has been presented as a component of other income (deductions), net for the year ended September 30, 2023. This amount represents the immediate recognition of the deferred AOCI balances related to the SERP and ORRP. As of September 30, 2025 and 2024, all of the Company's remaining defined benefit plans are unfunded. The following provides a reconciliation of benefit obligations, plan assets and funded status of the plans as of the Company's actuarial valuation as of September 30, 2025 and 2024: Pension Other Postretirement 2025 2024 2025 2024 Change in benefit obligation: Benefit obligation, beginning of year $ 14,712 $ 12,896 $ 13,378 $ 12,375 Service cost 142 125 52 55 Interest cost 493 530 608 684 Actuarial …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

RELATED PARTY TRANSACTIONS: In connection with the sale of the Company's interest in the SGK Business, the Company has agreed to provide certain administrative services for Propelis under a Transitional Services Agreement (the TSA). The services provided under the TSA include ERP system access and related information technology support; tax, treasury and accounting support; transactional processing such as, invoicing, collections, cash application, purchasing, payroll and payment processing; and certain other services. The Company receives an administrative support fee from Propelis for providing these ongoing services. Such administrative support fees are intended to approximate the underlying cost of providing such services for Propelis. During fiscal 2025, the Company recognized $4,107 of administrative support fees under the TSA, which were included as a component of administrative expense. Sales to and purchases from Propelis were immaterial for the fiscal year ended September 30, 2025. As of September 30, 2025, amounts due to Matthews from Propelis totaled $3,971, which reflected outstanding administrative fees, and net transactional amounts pending settlement under the TSA. Such amounts were included as a component of accounts receivable. …

RelatedPartyTransactionsDisclosureTextBlock · excerpt; the full note is in the filing

RESTRUCTURING: During the fourth quarter of fiscal 2024, the Company initiated restructuring programs focused primarily on the Company's engineering and tooling operations in Europe, as well as the Company's general and administrative functions. Total estimated restructuring costs for these programs are currently expected to be approximately $42,000, of which $39,500 relates to severance and employee termination benefits, and $2,500 relates to other exit and disposal activities. These restructuring activities are expected to be completed by fiscal 2026. The following table sets forth amounts recognized by the Company in connection with its restructuring programs: Restructuring amounts by line item in the Statement of Income (a) September 30, 2025 2024 (b) Cost of sales $ 251 $ (32,526) Selling expense (57) (1,379) Administrative expense (1,352) (11,800) Income (loss) before income taxes $ (1,158) $ (45,705) (a) Positive amounts represent income and negative amounts represent expense. (b) Includes amounts related to the restructuring programs initiated during the fourth quarter of fiscal 2024, as well as amounts related to other small initiatives completed throughout fiscal 2024. The costs associated with the Company's restructuring programs principally relate to severance and employee termination benefits. The following table provides a summary of the severance and employee termination restructuring activities for the year ended September 30, 2025. Severance and Employee Term …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

"REVENUE RECOGNITION: The Company disaggregates revenue from contracts with customers by geography, as it believes geographic regions best depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. Disaggregated sales by segment and region for the years ended September 30, 2025, 2024 and 2023 were as follows: North America Central and South America (1) Europe Australia Asia Consolidated Memorialization: 2025 $ 774,246 $ $ 23,135 $ 12,133 $ $ 809,514 2024 788,918 30,446 10,367 829,731 2023 799,153 32,745 11,099 842,997 Industrial Technologies: 2025 $ 136,662 $ $ 199,254 $ $ 6,313 $ 342,229 2024 141,395 284,987 6,774 433,156 2023 164,334 333,759 7,658 505,751 Brand Solutions: 2025 $ 159,176 $ 3,089 $ 134,688 $ 5,318 $ 43,675 $ 345,946 2024 252,210 5,456 206,763 9,147 59,274 532,850 2023 255,751 5,260 206,232 8,814 56,091 532,148 Consolidated: 2025 $ 1,070,084 $ 3,089 $ 357,077 $ 17,451 $ 49,988 $ 1,497,689 2024 1,182,523 5,456 522,196 19,514 66,048 1,795,737 2023 1,219,238 5,260 572,736 19,913 63,749 1,880,896 (1) Following the contribution of the SGK Business to Propelis in the third quarter of fiscal 2025, the Company no longer had operations in South America. Revenue recognized using the over time method accounted for approximately 14%, 18%, and 15% of revenue for the years ended September 30, 2025, 2024, and 2023, respectively. As of September 30, 2025 and 2024, the Company had net contract assets for projects recognize …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

"SEGMENT INFORMATION: The Company manages its businesses under three reportable segments: Memorialization, Industrial Technologies and Brand Solutions. The Memorialization segment consists primarily of bronze and granite memorials and other memorialization products, caskets, cremation-related products, and cremation and incineration equipment primarily for the cemetery and funeral home industries. The Industrial Technologies segment includes the design, manufacturing, service and sales of high-tech custom energy storage solutions; product identification and warehouse automation technologies and solutions, including order fulfillment systems for identifying, tracking, picking and conveying consumer and industrial products; and coating and converting lines for the packaging, pharma, foil, decor and tissue industries. The Brand Solutions segment consists of brand management, pre-media services, printing plates and cylinders, imaging services, digital asset management, merchandising display systems, and marketing and design services primarily for the consumer goods and retail industries. On May 1, 2025, the Company contributed its SGK Business to a newly-formed entity, Propelis, in exchange for a 40% ownership interest in Propelis and other consideration. Propelis is a leading global provider of brand solutions. Following the completion of this transaction, the Company's Brand Solutions segment consists of its cylinders business, and its 40% ownership interest in Propelis. Activi …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Principles of Consolidation: The consolidated financial statements include all domestic and foreign subsidiaries in which the Company maintains an ownership interest and has operating control and any variable interest entities for which the Company is the primary beneficiary. Investments in certain companies over which the Company is able to exercise significant influence, but does not control the financial and operating decisions, are accounted for as equity-method investments. Such equity-method investments are periodically adjusted to reflect the Company's share of earnings and losses reported by investees, distributions received, and other-than-temporary impairments, if applicable. Investments in certain companies over which the Company does not exert significant influence are accounted for as cost-method investments. All intercompany accounts and transactions have been eliminated. Activity prior to May 1, 2025 for the SGK Business is included within the consolidated financial statements of the Company. As of May 1, 2025 the SGK Business has been deconsolidated from the financial statements and is now accounted for as part of the Company's equity-method investment in Propelis. The Company recognizes its portion of the earnings or losses for its equity-method investment in Propelis on a three-month lag to ensure consistency and timely filing of the Company's financial statements. Consequently, in fiscal 2025, the Company's porti …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

SHAREHOLDERS' EQUITY: The authorized common stock of the Company consists of 70,000,000 shares of Class A Common Stock, $1.00 par value. The Company has a stock repurchase program. The buy-back program is designed to increase shareholder value, enlarge the Company's holdings of its Class A Common Stock, and add to earnings per share. Repurchased shares may be retained in treasury, utilized for acquisitions, or reissued to employees or other purchasers, subject to the restrictions set forth in the Company's Restated Articles of Incorporation. On November 21, 2025, the Company announced that its Board of Directors approved the continuation of the stock repurchase program and increased the authorization for stock repurchases by an additional 5,000,000 shares during fiscal year 2025. Under the current authorization, 5,043,567 shares remain available for repurchase as of September 30, 2025.

StockholdersEquityNoteDisclosureTextBlock

SUBSEQUENT EVENT: On November 12, 2025, subsequent to the date of the balance sheet, the Company entered into an Equity Purchase Agreement (the Purchase Agreement) for the sale of its Warehouse Automation business to Duravant LLC, a global leader in engineered equipment and automation solutions. The Warehouse Automation business is part of the Companys Industrial Technologies segment. Under the terms of the Purchase Agreement, at the closing of the proposed transaction, the Company will receive total consideration of $230,000, representing cash consideration of $223,300 plus the assumption of certain liabilities related to the Warehouse Automation business, subject to adjustment based on a number of factors, including, but not limited to, indemnification obligations and the final determination (in accordance with the Purchase Agreement) of the total adjusted consideration (based on an agreed enterprise value of $230,000, plus cash, less debt and transaction expenses and subject to a customary net working capital adjustment measured against a target amount). The proposed transaction is expected to be completed in fiscal 2026, subject to customary closing conditions, including regulatory approvals. The foregoing summary of the Purchase Agreement is incomplete and is qualified in its entirety to the complete text of the Purchase Agreement, which was filed as Exhibit 2.1 to that Current Report on Form 8-K with the SEC on November 13, 2025. …

SubsequentEventsTextBlock · excerpt; the full note is in the filing

"Legal Matters On October 7, 2024, the United States District Court for the Northern District of California granted the Companys motion to compel arbitration in response to a complaint filed by Tesla on June 14, 2024 against the Company in the Northern District of California, Civil Action No. 5:24-cv-03615 (N.D. Cal.), which alleged trade secret misappropriation under the Defend Trade Secrets Act (the ""DTSA"") and the California Uniform Trade Secrets Act (the ""CUTSA""), breach of contract and unfair business practices. Given the Courts favorable ruling, the matter filed by Tesla has been effectively stayed pending arbitration, which Tesla has initiated. The Company maintains the claims alleged in the complaint are without merit and continues to vigorously defend itself against the allegations in confidential arbitration. In addition, on February 13, 2025, Tesla filed another additional complaint against the Company in the United States District Court for the Northern District of California alleging, in part, claims related to correction of inventorship, breach of contract, promissory estoppel and quasi-contract/restitution arising from and/or related to various U.S. patents and provisional patents, including but not limited to U.S. Patent No. 12,136,727. Similar to the prior matter, this case has also recently been compelled to confidential arbitration by the United States District Court for the Northern District of California. The Company maintains the claims are without m …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

"Debt and Financing Arrangements Long-term debt at December 31, 2025 and September 30, 2025 consisted of the following: December 31, 2025 September 30, 2025 Revolving credit facilities $ 214,088 $ 385,007 2027 Senior Secured Notes 296,596 296,110 Other borrowings 5,385 7,151 Finance lease obligations 20,957 22,564 Total debt 537,027 710,832 Less current maturities (7,271) (7,230) Long-term debt $ 529,756 $ 703,602 Note 8. Debt and Financing Arrangements (continued) The Company has a domestic credit facility with a syndicate of financial institutions that was amended and restated in September 2024. The amended and restated loan agreement includes a $700,000 senior secured revolving credit facility, which matures in January 2029, subject to the terms and conditions of the amended facility. The obligations under the domestic credit facility are secured by a first priority lien on substantially all of the assets of the Company and certain of its domestic subsidiaries. A portion of the revolving credit facility (not to exceed $350,000) can be drawn in foreign currencies. Borrowings under the revolving credit facility bear interest at the Secured Overnight Financing Rate (""SOFR""), plus a 0.10% per annum rate spread adjustment, plus a factor ranging from 1.00% to 2.00% (1.25% at December 31, 2025) based on the Company's leverage ratio. The leverage ratio is defined as total indebtedness divided by EBITDA (earnings before interest, income taxes, depreciation and amortization) as de …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Disaggregated sales by segment and region for the three months ended December 31, 2025 and 2024 were as follows: Memorialization Industrial Technologies Brand Solutions Consolidated Three Months Ended December 31, Three Months Ended December 31, Three Months Ended December 31, Three Months Ended December 31, 2025 2024 2025 2024 2025 2024 2025 2024 North America $ 195,532 $ 181,389 $ 28,414 $ 31,452 $ $ 61,802 $ 223,946 $ 274,643 Central and South America (1) 1,122 1,122 Europe 5,495 5,866 39,248 47,669 6,904 49,487 51,647 103,022 Australia 3,148 3,231 2,367 3,148 5,598 Asia 1,353 1,412 4,669 16,045 6,022 17,457 Total Sales $ 204,175 $ 190,486 $ 69,015 $ 80,533 $ 11,573 $ 130,823 $ 284,763 $ 401,842 (1) Following the contribution of the SGK Business to Propelis in the third quarter of fiscal 2025, the Company no longer had operations in South America. …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

"Share-Based Payments The Company maintains an equity incentive plan (as amended and restated, the ""2017 Equity Incentive Plan"") that provides for grants of stock options, restricted shares, restricted share units (""RSUs""), stock-based performance units and certain other types of stock-based awards. Under the 2017 Equity Incentive Plan, which has a ten-year term from the date the Company's Board of Directors approved of the second amendment and restatement of the 2017 Equity Incentive Plan, the maximum number of shares available for grants or awards is an aggregate of 4,950,000 (subject to adjustment upon certain events such as stock dividends or stock splits), following the second amendment and restatement of the 2017 Equity Incentive Plan at the Company's 2025 Annual Shareholder Meeting. At December 31, 2025, 2,428,387 shares have been issued under the 2017 Equity Incentive Plan. 1,758,505 time-based RSUs, 2,241,872 performance-based RSUs, and 75,000 stock options have been granted under the 2017 Equity Incentive Plan. 1,657,675 of these share-based awards are outstanding as of December 31, 2025. The 2017 Equity Incentive Plan is administered by the Compensation Committee of the Board of Directors. The number of shares issued under performance-based RSUs may be up to 200% of the number of performance-based RSUs, based on the satisfaction of specific criteria established by the plan administrator. For the three-month periods ended December 31, 2025 and 2024, stock-based …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

"Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three level fair value hierarchy is used to prioritize the inputs used in valuations, as defined below: Level 1: Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities in active markets. Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3: Unobservable inputs for the asset or liability. The fair values of the Company's assets and liabilities measured on a recurring basis are categorized as follows: December 31, 2025 September 30, 2025 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Derivatives (1) $ $ $ $ $ $ 39 $ $ 39 Equity and fixed income mutual funds 570 570 859 859 Life insurance policies 4,057 4,057 5,239 5,239 Total assets at fair value $ $ 4,627 $ $ 4,627 $ $ 6,137 $ $ 6,137 Liabilities: Derivatives (1) (2) $ $ 59,726 $ $ 59,726 $ $ 60,918 $ $ 60,918 Total liabilities at fair value $ $ 59,726 $ $ 59,726 $ $ 60,918 $ $ 60,918 (1) Interest rate swaps and cross currency swaps are valued based on observable market swap rates and are classified within Level 2 of the fair value hierarchy. (2) Derivative amounts at both December 31, 2025 and September 30, 2025 reflect $40,186 of partial advance payments receive …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Goodwill and Other Intangible Assets A summary of the carrying amount of goodwill attributable to each segment as well as the changes in such amounts are as follows: Memorialization Industrial Technologies Brand Solutions Consolidated Net goodwill at September 30, 2025 $ 387,537 $ 100,024 $ $ 487,561 Additions 1,331 1,331 Divestitures (57,471) (57,471) Translation and other adjustments 63 310 373 Net goodwill at December 31, 2025 $ 387,600 $ 44,194 $ $ 431,794 The net goodwill balances at December 31, 2025 and September 30, 2025 included $45,673 of accumulated impairment losses. Accumulated impairment losses at December 31, 2025 and September 30, 2025 were $5,000 and $39,867 for the Memorialization and Industrial Technologies segments, respectively. In fiscal 2026, additions reflect a small acquisition in the Industrial Technologies segment, and divestitures reflect the sale of the warehouse automation business. The Company performed its annual impairment review of goodwill and indefinite-lived intangible assets in the second quarter of fiscal 2025 (January 1, 2025) and determined that the estimated fair values for all goodwill reporting units exceeded their carrying values, and, therefore, no impairment charges were necessary at such time. The following tables summarize the carrying amounts and related accumulated amortization for intangible assets as of December 31, 2025 and September 30, 2025, respectively. Carrying Amount Accumulated Amortization Net December 31, 2025 Ind …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Income Taxes Income tax provisions for the Company's interim periods are based on the effective income tax rate expected to be applicable for the full year. The Company's consolidated income taxes for the first three months of fiscal 2026 represented an expense of $40,789, compared to a benefit of $2,358 for the first three months of fiscal 2025. The difference between the Companys consolidated income taxes for the first three months of fiscal 2026 compared to the same period for fiscal 2025 resulted from consolidated pre-tax income in fiscal 2026 compared to a consolidated pre-tax loss in fiscal 2025, and net discrete tax expense related to the divestiture of the Company's warehouse automation and European roto-gravure packaging and tooling and flexographic print businesses. The Companys fiscal 2026 three month effective tax rate varied from the U.S. statutory tax rate of 21.0% primarily due to state taxes, tax credits, non-tax benefited foreign losses and discrete tax expense related to the divestiture of the Company's warehouse automation and European roto-gravure packaging and tooling and flexographic print businesses. The Companys fiscal 2025 three month effective tax rate varied from the U.S. statutory tax rate of 21.0% primarily due to state taxes, tax credits, non-tax benefited foreign losses, and other net discrete tax benefits. The Company had unrecognized tax benefits (excluding penalties and interest) of $2,860 and $2,972 on December 31, 2025 and September 30, 202 …

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"New Accounting Pronouncements: Issued In December 2025, the Financial Accounting Standards Board (the ""FASB"") issued Accounting Standards Update (""ASU"") No. 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements . The amendments in this ASU aim to clarify existing requirements, not to change interim disclosure obligations, and introduce a disclosure principle requiring entities to report material events occurring since the end of the last annual reporting period. The ASU is effective for annual and interim periods beginning in fiscal year 2029. The Company is in the process of assessing the impact this ASU will have on its consolidated financial statements. In November 2025, the FASB issued ASU No. 2025-09, Derivatives and Hedging (Topic 815): Hedge Accounting Improvements . Among other provisions, the amendments in this ASU expand the hedged risks permitted to be aggregated in a group of individual forecasted transactions in a cash flow hedge, and eliminate the recognition and presentation mismatch related to a dual hedge strategy. The ASU is effective for annual and interim periods beginning in fiscal year 2028. The Company is in the process of assessing the impact this ASU will have on its consolidated financial statements. In September 2025, the FASB issued ASU No. 2025-06, IntangiblesGoodwill and OtherInternal-Use Software (Subtopic 350-40) . The amendments in this ASU remove all references to prescriptive and sequential software development stages and no …

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Related Party Transactions In connection with the sale of the Company's interest in the SGK Business, the Company has agreed to provide certain administrative services for Propelis under a Transitional Services Agreement (the TSA). The services provided under the TSA include ERP system access and related information technology support; tax, treasury and accounting support; transactional processing such as, invoicing, collections, cash application, purchasing, payroll and payment processing; and certain other services. The Company receives an administrative support fee from Propelis for providing these ongoing services. Such administrative support fees are intended to approximate the underlying cost of providing such services for Propelis. During the first quarter of fiscal 2026, the Company recognized $2,495 of administrative support fees under the TSA, which were included as a component of administrative expense. Sales to and purchase from Propelis were immaterial for the three months ended December 31, 2025. Amounts due from Matthews to Propelis were insignificant as of December 31, 2025. Amounts due to Matthews from Propelis totaled $3,971 as of September 30, 2025, which reflected outstanding administrative fees, and net transactional amounts pending settlement under the TSA. Such amounts were included as a component of accounts receivable. …

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Restructuring During the fourth quarter of fiscal 2024, the Company initiated restructuring programs focused primarily on the Company's engineering and tooling operations in Europe, and certain of the Company's general and administrative functions. Total estimated restructuring costs for these programs are currently expected to be approximately $42,000, of which $39,500 relates to severance and employee termination benefits, and $2,500 relates to other exit and disposal activities. These restructuring activities are expected to be completed in fiscal 2026. The following table sets forth amounts recognized by the Company in connection with its restructuring programs: Restructuring amounts by line item in the Statement of Income (a) Three Months Ended December 31, 2025 2024 Cost of sales $ (1,519) $ (601) Administrative expense (4) 288 Income (loss) before income taxes $ (1,523) $ (313) (a) Positive amounts represent income and negative amounts represent expense. The costs associated with the Company's restructuring programs principally relate to severance and employee termination benefits. The following table provides a summary of the severance and employee termination restructuring activities for the three-month period ended December 31, 2025. Note 10. Restructuring (continued) Severance and Employee Termination Restructuring Activities Memorialization Industrial Technologies Brand Solutions Corporate/Non-Operating Consolidated Liability at September 30, 2025 $ 2 $ 942 $ $ 21 …

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"Revenue Recognition The Company disaggregates revenue from contracts with customers by geography, as it believes geographic regions best depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. Disaggregated sales by segment and region for the three months ended December 31, 2025 and 2024 were as follows: Memorialization Industrial Technologies Brand Solutions Consolidated Three Months Ended December 31, Three Months Ended December 31, Three Months Ended December 31, Three Months Ended December 31, 2025 2024 2025 2024 2025 2024 2025 2024 North America $ 195,532 $ 181,389 $ 28,414 $ 31,452 $ $ 61,802 $ 223,946 $ 274,643 Central and South America (1) 1,122 1,122 Europe 5,495 5,866 39,248 47,669 6,904 49,487 51,647 103,022 Australia 3,148 3,231 2,367 3,148 5,598 Asia 1,353 1,412 4,669 16,045 6,022 17,457 Total Sales $ 204,175 $ 190,486 $ 69,015 $ 80,533 $ 11,573 $ 130,823 $ 284,763 $ 401,842 (1) Following the contribution of the SGK Business to Propelis in the third quarter of fiscal 2025, the Company no longer had operations in South America. Revenue recognized using the over time method accounted for approximately 11% and 12% of revenue for the three months ended December 31, 2025 and 2024, respectively. As of December 31, 2025 and September 30, 2025, the Company had net contract assets for projects recognized using the over time method totaling $109,834 and $99,700, respectively, which primarily represent unbilled reve …

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"Segment Information The Company manages its businesses under three reportable segments: Memorialization, Industrial Technologies and Brand Solutions. The Memorialization segment consists primarily of bronze and granite memorials and other memorialization products, caskets, cremation-related products, and cremation and incineration equipment primarily for the cemetery and funeral home industries. The Industrial Technologies segment includes product identification, and the design, manufacturing, service and sales of high-tech custom energy storage solutions. The segment historically provided warehouse automation technologies and solutions, including order fulfillment systems for identifying, tracking, picking and conveying consumer and industrial products, and coating and converting lines for the packaging, pharma, foil, decor and tissue industries. The Brand Solutions segment historically provided brand management, pre-media services, printing plates and cylinders, imaging services, digital asset management, merchandising display systems, and marketing and design services primarily for the consumer goods and retail industries. On May 1, 2025, the Company contributed its SGK Business to a newly-formed entity, Propelis, in exchange for a 40% ownership interest in Propelis and other consideration. Propelis is a leading global provider of brand solutions. In December 2025, the Company sold its European roto-gravure packaging and tooling and flexographic print businesses to the lo …

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"Subsequent Event On January 22, 2026, subsequent to the date of the balance sheet, the Company redeemed all of its outstanding 2027 Senior Secured Notes. Refer to Note 8, ""Debt and Financing Arrangements"" for further information."

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