Worldwide conglomerate Matthews International posted expected in-line earnings of $1.05/share as compared to $0.97/share for the same quarter a year ago.  Quarterly revenues were $389.6 million as compared to $382.1 million last year and quarterly profits were $29.5 million as compared to $23.9 million.  You can see their Press Release here.

Management reflected that higher sales and profits were a result of growth in sales of cemetery memorials and cremation equipment among other factors.  For the 3rd quarter of Matthew’s fiscal year sales in the Memorialization segment were $155.8 million as compared to $152.8 for the previous year.  While it was mentioned that the acquisition of Aurora Casket continues on trend, it was noted that casket sales were lower for the quarter reflecting a decline in U.S. casketed deaths.

Matthews International is a global provider of many products including memorialization products.  They emphasize that the memorial Products Division is a leading provider of memorialization products, including memorials, caskets and cremation equipment to cemetery and funeral home providers.[wpforms id=”436″ title=”true” description=”true”]