Matthews International Earnings Reports

Matthews International Corporation reported a net loss of $8.916 million for the three months ended March 31, 2025, a significant decrease from the net income of $9.027 million in the same period last year. Total sales for the quarter were $427.629 million, down from $471.223 million in the prior year. The company's gross profit also decreased to $144.112 million from $148.182 million.

Matthews International announced a positive ruling in an arbitration with Tesla, confirming its right to sell its proprietary Dry Battery Electrode (DBE) technology to other customers. This decision allows Matthews to resume marketing and selling its DBE products in the electric vehicle market.