Matthews International Corporation (NASDAQ:MATW) Q2 2018 Earnings Conference Call - Preliminary Transcript

Apr 27, 2018 • 09:00 am ET


Matthews International Corporation (NASDAQ:MATW) Q2 2018 Earnings Conference Call - Preliminary Transcript


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Ladies and gentlemen, thank you for standing by, and welcome to the Matthews International Second Quarter Financial Results. At this time all the participant lines are in a listen-only mode. There'll be an opportunity for your questions; instructions will be given at that time. [Operator Instructions] As a reminder, today's call is being recorded.

I'll turn the conference now to Ms. Karen Hardt with Investor Relations for Matthews International. Please go ahead.

Karen Hardt

Thank you, John, and good morning, everyone. Thank you for joining us to discuss the results of Matthews International fiscal 2018 second quarter and first half year results. We certainly appreciate your time today. You should have a copy of the news release that crossed the wire yesterday afternoon detailing Matthews' result. We also have slides associated with the commentary that we're providing here today. If you don't have the release to the slides, you can find them on the company's website at

The release is on the Investor News page and the slides, along with additional preliminary financial information are on the Investor Financial Report page. On the call with me today are; Joe Bartolacci, our President and Chief Executive Officer; and Steve Nicola, our Chief Financial Officer. Steve will review the financial results for the quarter and first half of the fiscal year, and Joe will review the business progress as well as our outlook. We will then open the lines for Q&A. But before we do, I would like to highlight our safe harbor statements.

As you are aware, we may make some forward-looking statements during this discussion as well as during the Q&A. These statements apply to future events and are subject to risks and uncertainties as well as other factors, which could cause actual results to differ materially from what is stated on this call. These risks and uncertainties and other factors are provided in the earnings release and in the slide deck as well as with other documents filed by the company with the Securities and Exchange Commission. These documents can be found on our website or at

I also want to point out that during today's call, we will discuss some non-GAAP financial measures, which we believe are useful in evaluating our performance. You should not consider the presentation of this additional information in isolation or as a substitute for results prepared in accordance with GAAP. We have provided reconciliations of comparable GAAP to non-GAAP measures in the tables accompanying today's earnings release. And with that, it is my pleasure to turn the call over to Steve to begin.

Go ahead, Steve.

Steve Nicola

Thank you, Karen, and good morning. I'll start on Slide 4. For the quarter ended March 31, 2018, the company reported earnings of $0.57 per share compared to $0.46 per share a year ago. On a non-GAAP adjusted basis, earnings per share for the fiscal 2018 second quarter were $0.93 per share compared to $0.84 per share a year ago, representing an increase of 10.7%. The increases were