Matthews International (MATW) 10-Q 7 Feb 25 2025 Q1 Quarterly report Financial data

Cover Page

Cover Page	3 Months Ended
	Dec. 31, 2024 shares
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2024
Document Transition Report	false
Entity File Number	0-09115
Entity Registrant Name	MATTHEWS INTERNATIONAL CORP
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	25-0644320
Entity Address, Address Line One	Two Northshore Center
Entity Address, City or Town	Pittsburgh
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	15212-5851
City Area Code	412
Local Phone Number	442-8200
Title of 12(b) Security	Class A Common Stock, $1.00 par value
Trading Symbol	MATW
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)	30,968,686
Entity Central Index Key	0000063296
Current Fiscal Year End Date	--09-30
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS (Un

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

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Gross Profit
Sales	$ 401,842	$ 449,986
Cost of sales	(276,150)	(317,633)
Gross profit	125,692	132,353
Operating Profit
Selling expense	(34,857)	(34,444)
Administrative expense	(76,553)	(78,687)
Intangible amortization	(8,608)	(9,795)
Operating profit	5,674	9,427
Nonoperating Income (Expense)
Interest expense	(15,682)	(11,576)
Other income (deductions), net	4,178	(880)
Loss before income taxes	(5,830)	(3,029)
Income tax benefit	2,358	726
Net loss	(3,472)	(2,303)
Net loss attributable to noncontrolling interests	0	0
Net loss attributable to Matthews shareholders	$ (3,472)	$ (2,303)
Loss per share attributable to Matthews shareholders:
Basic (in dollars per share)	$ (0.11)	$ (0.07)
Diluted (in dollars per share)	$ (0.11)	$ (0.07)

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Net loss attributable to Matthews shareholders	$ (3,472)	$ (2,303)
Net loss attributable to noncontrolling interests	0	0
Net loss	(3,472)	(2,303)
Unrecognized gain (loss) on cash flow hedges:
Net change in other comprehensive income (loss), net of tax, attributable to Matthews shareholders	(12,749)	6,724
Net change in other comprehensive income (loss), net of tax, attributable to noncontrolling interest	0	22
Net current-period OCI	(12,749)	6,746
Comprehensive income (loss) income attributable to Matthews shareholders	(16,221)	4,421
Comprehensive income (loss) income attributable to noncontrolling interest	0	22
Comprehensive (loss) income	(16,221)	4,443
Foreign Currency Translation Adjustment
Unrecognized gain (loss) on cash flow hedges:
Net current-period OCI	(14,611)	11,707
Foreign Currency Translation Adjustment, Matthews
Unrecognized gain (loss) on cash flow hedges:
Net change in other comprehensive income (loss), net of tax, attributable to Matthews shareholders	(14,611)	11,685
Net change from periodic revaluation	(21,187)	11,881
Net amount reclassified to earnings	6,576	(196)
Net current-period OCI	(14,611)	11,685
Foreign Currency Translation Adjustment, Noncontrolling Interest
Unrecognized gain (loss) on cash flow hedges:
Net change in other comprehensive income (loss), net of tax, attributable to noncontrolling interest	0	22
Net change from periodic revaluation	0	22
Net current-period OCI	0	22
Pension Plans and Other Postretirement Benefits
Unrecognized gain (loss) on cash flow hedges:
Net current-period OCI	(353)	(80)
Pension Plans and Other Postretirement Benefits, Matthews
Unrecognized gain (loss) on cash flow hedges:
Net change in other comprehensive income (loss), net of tax, attributable to Matthews shareholders	(353)	(80)
Pension Plans and Other Postretirement Benefits, Noncontrolling Interest
Unrecognized gain (loss) on cash flow hedges:
Net change in other comprehensive income (loss), net of tax, attributable to noncontrolling interest	0	0
Net Investment Gain, Including Noncontrolling Interest
Unrecognized gain (loss) on cash flow hedges:
Net change from periodic revaluation	2,565	(4,389)
Net amount reclassified to earnings	(350)	(492)
Net Investment Gain, Matthews
Unrecognized gain (loss) on cash flow hedges:
Net change from periodic revaluation	2,565	(4,389)
Net amount reclassified to earnings	(350)	(492)
Net Investment Gain, Noncontrolling Interest
Unrecognized gain (loss) on cash flow hedges:
Net change from periodic revaluation	0	0
Net amount reclassified to earnings	0	0
Gain, Net, Derivatives
Unrecognized gain (loss) on cash flow hedges:
Net current-period OCI	2,215	(4,881)
Accumulated Gain, Net, Derivatives, Matthews
Unrecognized gain (loss) on cash flow hedges:
Net change in other comprehensive income (loss), net of tax, attributable to Matthews shareholders	2,215	(4,881)
Net change from periodic revaluation	2,565	(4,389)
Net amount reclassified to earnings	(350)	(492)
Net current-period OCI	2,215	(4,881)
Accumulated Gain, Net, Derivatives, Noncontrolling Interest
Unrecognized gain (loss) on cash flow hedges:
Net change in other comprehensive income (loss), net of tax, attributable to noncontrolling interest	0	0
Net change from periodic revaluation	0	0
Net current-period OCI	$ 0	$ 0

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Treasury Stock	Non- controlling Interests
Beginning balance at Sep. 30, 2023	$ 525,281	$ 36,334	$ 168,211	$ 714,727	$ (174,404)	$ (219,200)	$ (387)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(2,303)			(2,303)
Minimum pension liability	(80)				(80)
Translation adjustment	11,707				11,685		22
Fair value of cash flow hedges	(4,881)				(4,881)
Total Comprehensive (loss) income	4,443
Stock-based compensation	4,651		4,651
Purchase of stock of treasury stock	(17,185)					(17,185)
Issuance of shares of treasury stock	0		(25,356)			25,356
Dividends	(8,381)			(8,381)
Transactions with noncontrolling interests	0		(412)				412
Ending balance at Dec. 31, 2023	508,809	36,334	147,094	704,043	(167,680)	(211,029)	47
Beginning balance at Sep. 30, 2024	437,206	36,334	159,497	623,063	(168,742)	(212,994)	48
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(3,472)			(3,472)
Minimum pension liability	(353)				(353)
Translation adjustment	(14,611)				(14,611)
Fair value of cash flow hedges	2,215				2,215
Total Comprehensive (loss) income	(16,221)
Stock-based compensation	4,979		4,979
Purchase of stock of treasury stock	(4,275)					(4,275)
Issuance of shares of treasury stock	0		(19,888)			19,888
Dividends	(8,233)			(8,233)
Ending balance at Dec. 31, 2024	$ 413,456	$ 36,334	$ 144,588	$ 611,358	$ (181,491)	$ (197,381)	$ 48

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - shares	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Statement of Stockholders' Equity [Abstract]
Purchase of treasury stock (in shares)	171,101	465,953
Issuance of treasury stock (in shares)	537,295	678,750

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net loss	$ (3,472)	$ (2,303)
Adjustments to reconcile net loss to net cash flows from operating activities:
Depreciation and amortization	22,504	23,523
Stock-based compensation expense	4,979	4,651
Deferred tax benefit	0	(1)
Gain on sale of assets, net	(9,572)	(87)
Changes in working capital items	(39,170)	(51,640)
Decrease in other assets	6,996	5,888
Decrease in other liabilities	(8,814)	(4,068)
Other operating activities, net	1,540	(3,229)
Net cash used in operating activities	(25,009)	(27,266)
Cash flows from investing activities:
Capital expenditures	(9,532)	(14,073)
Acquisitions, net of cash acquired	(2,218)	0
Proceeds from sale of assets	13,249	124
Other investing activities, net	(63)	(237)
Net cash provided by (used in) investing activities	1,436	(14,186)
Cash flows from financing activities:
Proceeds from long-term debt	250,996	274,275
Payments on long-term debt	(219,047)	(211,696)
Purchases of treasury stock	(4,275)	(17,185)
Dividends	(9,237)	(9,280)
Net cash provided by financing activities	18,437	36,114
Effect of exchange rate changes on cash	(2,167)	1,158
Net change in cash and cash equivalents	(7,303)	(4,180)
Cash and cash equivalents at beginning of year	40,816	42,101
Cash and cash equivalents at end of period	$ 33,513	$ 37,921

Nature of Operations

Nature of Operations	3 Months Ended
	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	Nature of Operations Matthews International Corporation ("Matthews" or the "Company"), founded in 1850 and incorporated in Pennsylvania in 1902, is a global provider of memorialization products, industrial technologies and brand solutions. The Company manages its businesses under three segments: Memorialization, Industrial Technologies and SGK Brand Solutions. Memorialization products consist 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. Industrial Technologies 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, décor and tissue industries. SGK Brand Solutions 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. See Note 17, "Subsequent Event" for a description of proposed transactions with respect to the SGK Brand Solutions business. The Company has facilities in North America, Europe, Asia, Australia, and Central and South America.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles ("GAAP") for interim financial information for commercial and industrial companies and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The year-end consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for fair presentation have been included. Operating results for the three months ended December 31, 2024 are not necessarily indicative of the results that may be expected for the fiscal year ending September 30, 2025. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2024. 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 exerts significant influence, but does not control the financial and operating decisions, are accounted for as equity method investments. 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. The Company applies highly inflationary accounting for subsidiaries when the cumulative inflation rate for a three-year period meets or exceeds 100 percent. Effective April 1, 2022, the Company has applied highly inflationary accounting to its Turkish subsidiaries. Under highly inflationary accounting, the financial statements of these subsidiaries are remeasured into the Company's reporting currency (U.S. dollar) and exchange gains and losses from the remeasurement of monetary assets and liabilities are reflected in current earnings, rather than accumulated other comprehensive loss on the Consolidated Balance Sheets , until such time as the applicable economy is no longer considered highly inflationary. As of December 31, 2024 and September 30, 2024, the Company had net monetary assets related to its Turkish subsidiaries of $5,621 and $5,327, respectively. Exchange losses related to highly inflationary accounting totaled $191 and $320 for the three months ended December 31, 2024 and December 31, 2023, respectively. Such amounts were included in the Consolidated Statements of Income within other income (deductions), net. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Note 2. Basis of Presentation (continued) New Accounting Pronouncements: Issued In November 2024, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") No. 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40) which improves financial reporting by requiring disclosure of specified information about certain costs and expenses on an annual and interim basis for all public entities, including enhanced disaggregation disclosures. The ASU is effective for annual periods for the Company beginning in fiscal year 2028, 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 December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740) which enhances the transparency and decision usefulness of income tax disclosures including rate reconciliations and income taxes paid among other tax disclosures. The ASU is effective for annual periods for the Company beginning in fiscal year 2026. The Company is in the process of assessing the impact this ASU will have on its consolidated financial statements. In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280) which improves financial reporting by requiring disclosure of incremental segment information on an annual and interim basis for all public entities, including enhanced disclosures about significant segment expenses. The amendments in this ASU do not affect the recognition, measurement, or financial statement presentation of expenses, but will require increased disclosures in annual and interim financial statements. The ASU is effective for annual periods for the Company beginning in fiscal year 2025, and interim periods beginning in fiscal year 2026. The Company is in the process of assessing the impact this ASU will have on its consolidated financial statements. In October 2023, the FASB issued ASU No. 2023-06, Disclosure Improvements. The amendments in this update affect the presentation and disclosure of a variety of topics in the Accounting Standards Codification, and align them with the Securities and Exchange Commission ("SEC") regulations. The effective date of the amendments of this ASU will be determined for each individual disclosure based on the effective date of the SEC’s removal of the related disclosure from Regulation S-X or Regulation S-K. If the SEC has not removed the applicable requirements from Regulation S-X or Regulation S-K by June 30, 2027, then this ASU will not become effective. The adoption of this ASU is not expected to have a material impact on the Company's consolidated financial statements.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Memorialization Industrial Technologies SGK Brand Solutions Consolidated Three Months Ended December 31, Three Months Ended December 31, Three Months Ended December 31, Three Months Ended December 31, 2024 2023 2024 2023 2024 2023 2024 2023 North America $ 181,389 $ 197,165 $ 31,452 $ 33,139 $ 61,802 $ 62,720 $ 274,643 $ 293,024 Central and South America — — — — 1,122 1,254 1,122 1,254 Europe 5,866 7,971 47,669 76,776 49,487 50,132 103,022 134,879 Australia 3,231 2,935 — — 2,367 2,171 5,598 5,106 Asia — — 1,412 1,459 16,045 14,264 17,457 15,723 Total Sales $ 190,486 $ 208,071 $ 80,533 $ 111,374 $ 130,823 $ 130,541 $ 401,842 $ 449,986 Note 3. Revenue Recognition (continued) Revenue from products or services provided to customers over time accounted for approximately 12% and 19% of revenue for the three months ended December 31, 2024 and 2023, respectively. As of December 31, 2024 and September 30, 2024, the Company had net contract assets for projects recognized using the over time method totaling $60,229 and $64,246, respectively, which primarily represent unbilled revenues, net of deferred revenues related to customer deposits and progress billings. Net contract assets at December 31, 2024 and September 30, 2024 predominantly related to ongoing projects with the Company's largest energy storage customer.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	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, 2024 September 30, 2024 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Derivatives (1) $ — $ 1,475 $ — $ 1,475 $ — $ — $ — $ — Equity and fixed income mutual funds — 843 — 843 — 839 — 839 Life insurance policies — 5,385 — 5,385 — 5,493 — 5,493 Total assets at fair value $ — $ 7,703 $ — $ 7,703 $ — $ 6,332 $ — $ 6,332 Liabilities: Derivatives (1) (2) $ — $ 55,358 $ — $ 55,358 $ — $ 69,573 $ — $ 69,573 Total liabilities at fair value $ — $ 55,358 $ — $ 55,358 $ — $ 69,573 $ — $ 69,573 (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 December 31, 2024 and September 30, 2024 reflect $58,432 of partial advance payments received from the counterparties to certain cross-currency swaps. See Note 8, "Derivatives and Hedging Activities" for further details. The carrying values for other financial assets and liabilities approximated fair value at December 31, 2024 and September 30, 2024.

Inventories

Inventories	3 Months Ended
	Dec. 31, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consisted of the following: December 31, 2024 September 30, 2024 Raw materials $ 62,048 $ 61,333 Work in process 102,179 96,488 Finished goods 77,358 80,067 $ 241,585 $ 237,888

Investments

Investments	3 Months Ended
	Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Investments	Investments Non-current investments consisted of the following: December 31, 2024 September 30, 2024 Equity and fixed income mutual funds $ 843 $ 839 Life insurance policies 5,385 5,493 Equity-method investments — 349 Other (primarily cost-method) investments 16,387 16,395 $ 22,615 $ 23,076

Debt and Financing Arrangements

Debt and Financing Arrangements	3 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Debt and Financing Arrangements	Debt and Financing Arrangements Long-term debt at December 31, 2024 and September 30, 2024 consisted of the following: December 31, 2024 September 30, 2024 Revolving credit facilities $ 484,083 $ 444,011 2027 Senior Secured Notes 294,799 294,751 Other borrowings 7,869 15,602 Finance lease obligations 22,460 22,103 Total debt 809,211 776,467 Less current maturities (7,260) (6,853) Long-term debt $ 801,951 $ 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 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% (1.50% at December 31, 2024) 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 commitment fee ranging from 0.15% to 0.30% (based on the Company's leverage ratio) of the unused portion of the revolving credit facility. The Company incurred debt issuance costs in connection with the amended and restated agreement. Unamortized costs were $4,713 and $4,961 at December 31, 2024 and September 30, 2024, respectively. The domestic credit facility requires the Company to maintain certain leverage and interest coverage ratios. A portion of the facility (not to exceed $75,000) is available for the issuance of trade and standby letters of credit. Outstanding U.S. dollar denominated borrowings on the revolving credit facility at December 31, 2024 and September 30, 2024 were $480,969 and $410,527, respectively. There were no outstanding Euro denominated borrowings on the revolving credit facility at December 31, 2024. Outstanding Euro denominated borrowings on the revolving credit facility at September 30, 2024 were €30.0 million ($33,485). The weighted-average interest rate on outstanding borrowings for the domestic credit facility (including the effects of interest rate swaps and Euro denominated borrowings) at December 31, 2024 and 2023 was 5.17% and 5.32%, respectively. Note 7. Debt and Financing Arrangements (continued) The Company has $300,000 aggregate principal amount of 8.625% senior secured second lien notes due October 1, 2027 (the "2027 Senior Secured Notes"). The 2027 Senior Secured Notes bear interest at a rate of 8.625% per annum with interest payable semi-annually in arrears on April 1 and October 1 of each year beginning on April 1, 2025. The Company's obligations under the 2027 Senior Secured Notes are secured by a second priority lien on substantially all of the assets of the Company and certain of its domestic subsidiaries. The Company is subject to certain covenants and other restrictions in connection with the 2027 Senior Secured Notes. The Company incurred direct financing fees and costs in connection with 2027 Senior Secured Notes. Unamortized costs related to the Company’s notes were $5,201 and $5,249 at December 31, 2024 and September 30, 2024, respectively. The Company and certain of its domestic subsidiaries sell, on a continuous basis without recourse, their trade receivables to Matthews Receivables Funding Corporation, LLC (“Matthews RFC”), a wholly-owned bankruptcy-remote subsidiary of the Company. Matthews RFC has a receivables purchase agreement (“RPA”) to sell up to $125,000 of receivables to certain purchasers (the “Purchasers”) on a recurring basis in exchange for cash (referred to as “capital” within the RPA) equal to the gross receivables transferred. The parties intend that the transfers of receivables to the Purchasers constitute purchases and sales of receivables. Matthews RFC has guaranteed to each Purchaser the prompt payment of sold receivables, and has granted a security interest in its assets for the benefit of the Purchasers. Under the RPA, each Purchaser’s share of capital accrues yield at a floating rate plus an applicable margin. The Company is the master servicer under the RPA, and is responsible for administering and collecting receivables. The RPA matures in March 2026. The proceeds of the RPA are classified as operating activities in the Company’s Consolidated Statements of Cash Flows. Cash received from collections of sold receivables may be used to fund additional purchases of receivables on a revolving basis, or to reduce all or any portion of the outstanding capital of the Purchasers. The fair value of the sold receivables approximated book value due to their credit quality and short-term nature, and as a result, no gain or loss on sale of receivables was recorded. As of December 31, 2024 and September 30, 2024, the amount sold to the Purchasers was $100,700 and $96,300, respectively, which was derecognized from the Consolidated Balance Sheets. As collateral against sold receivables, Matthews RFC maintains a certain level of unsold receivables, which was $66,272 and $58,183 as of December 31, 2024 and September 30, 2024, respectively. The following table sets forth a summary of receivables sold as part of the RPA: Three Months Ended Three Months Ended Gross receivables sold $ 89,486 $ 92,809 Cash collections reinvested (85,086) (92,709) Net cash proceeds received $ 4,400 $ 100 The Company, through its U.K. subsidiary, participates in a non-recourse factoring arrangement. In connection with this arrangement, the Company periodically sells trade receivables to a third-party purchaser in exchange for cash. These transfers of financial assets are recorded at the time the Company surrenders control of the assets. As these transfers qualify as true sales under the applicable accounting guidance, the receivables are de-recognized from the Company's Consolidated Balance Sheets upon transfer. The principal amount of receivables sold under this arrangement was $21,449 and $17,118 during the three months ended December 31, 2024 and 2023, respectively. The discounts on the trade receivables sold are included within administrative expense in the Consolidated Statements of Income. The proceeds from the sale of receivables are classified as operating activities in the Company's Consolidated Statements of Cash Flows. As of December 31, 2024 and September 30, 2024, the amount of factored receivables that remained outstanding was $17,126 and $15,665, respectively. Note 7. Debt and Financing Arrangements (continued) The Company facilitates a voluntary supply chain finance program (the "Program") to provide certain suppliers with the opportunity to sell receivables due from the Company to participating financial institutions at the sole discretion of both the suppliers and the financial institutions. The Company is not a party to the agreements between the suppliers and the financial institutions and has no economic interest in a supplier's decision to sell a receivable. The range of payment terms negotiated with a supplier is consistent, irrespective of whether a supplier participates in the Program. All outstanding payments owed under the Program are recorded within trade accounts payable in the Consolidated Balance Sheets. The Company accounts for all payments made under the Program as a reduction to operating cash flows in changes in working capital within the Consolidated Statements of Cash Flows. The amounts owed to a participating financial institution under the Program and included in trade accounts payable were $3,012 and $3,014 at December 31, 2024 and September 30, 2024, respectively. The Company, through certain of its European subsidiaries, has a credit facility with a European bank, which is guaranteed by Matthews. The maximum amount of borrowing available under this facility is €8.0 million ($8,310). The facility also provides €18.5 million ($19,218) for bank guarantees. This facility has no stated maturity date and is available until terminated. Outstanding borrowings under the credit facility totaled €3.0 million ($3,114) at December 31, 2024. There were no outstanding borrowings under the credit facility at September 30, 2024. The weighted-average interest rate on outstanding borrowings under this facility was 5.10% and 6.11% at December 31, 2024 and 2023, respectively. Other borrowings totaled $7,869 and $15,602 at December 31, 2024 and September 30, 2024, respectively. The weighted-average interest rate on all other borrowings was 2.33% and 4.20% at December 31, 2024 and 2023, respectively.

Derivatives and Hedging Activit

Derivatives and Hedging Activities	3 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Derivatives and Hedging Activities The Company operates internationally and utilizes certain derivative financial instruments to manage its foreign currency, debt and interest rate exposures. At December 31, 2024 and September 30, 2024, derivative instruments were reflected on a gross-basis in the consolidated balance sheets as follows: Derivatives: December 31, 2024 September 30, 2024 Interest Rate Swaps Cross-Currency Swaps Interest Rate Swaps Cross-Currency Swaps Current assets: Other current assets $ 454 $ — $ — $ — Long-term assets: Other assets 1,021 — — — Current liabilities: Other current liabilities (133) (15,931) (863) (18,042) Long-term liabilities: Other liabilities (210) (39,084) (1,743) (48,925) Total derivatives (1) $ 1,132 $ (55,015) $ (2,606) $ (66,967) (1) Cross-currency swap amounts at December 31, 2024 and September 30, 2024 reflect $58,432 of partial advanced payments received from the counterparties to certain swap contracts (see below). The following table presents information related to interest rate swaps entered into by the Company and designated as cash flow hedges: December 31, 2024 September 30, 2024 Notional amount $ 175,000 $ 175,000 Weighted-average maturity period (years) 2.9 3.2 Weighted-average received rate 4.33 % 4.85 % Weighted-average pay rate 3.83 % 3.83 % Note 8. Derivatives and Hedging Activities (continued) The Company enters into interest rate swaps in order to achieve a mix of fixed and variable rate debt that it deems appropriate. The interest rate swaps have been designated as cash flow hedges of future variable interest payments which are considered probable of occurring. Based on the Company's assessment, all of the critical terms of each of the hedges matched the underlying terms of the hedged debt and related forecasted interest payments, and as such, these hedges were considered highly effective. The fair value of the interest rate swaps reflected a net unrealized gain of $1,132 ($844 after tax) at December 31, 2024 and a net unrealized loss of $2,606 ($1,948 after tax) at September 30, 2024, that is included in shareholders' equity as part of accumulated other comprehensive income (loss) ("AOCI"). Unrecognized gains of $3,076 ($2,297 after tax) and $3,848 ($2,874 after tax) related to previously terminated London Interbank Offered Rate ("LIBOR") based swaps were also included in AOCI as of December 31, 2024 and September 30, 2024, respectively. Assuming market rates remain constant with the rates at December 31, 2024, a gain (net of tax) of approximately $1,566 included in AOCI is expected to be recognized in earnings over the next twelve months. The Company utilizes certain cross currency swaps as net investment hedges of foreign operations and assesses effectiveness for these contracts based on changes in fair value attributable to changes in spot prices. The following table presents information related to cross currency swaps entered into by the Company and designated as net investment hedges: Notional Amount Unrealized Gains (Losses) Swap Currencies Maturity Date December 31, 2024 September 30, 2024 December 31, 2024 September 30, 2024 USD/EUR September 2027 $ 81,392 $ 81,392 $ (1,423) $ (5,440) USD/SEK June 2025 20,000 20,000 1,110 (468) USD/SGD August 2026 20,000 20,000 988 (441) USD/EUR August 2026 25,000 25,000 1,879 (30) $ 146,392 $ 146,392 $ 2,554 (1) $ (6,379) (1) (1) Total unrealized gains (losses) are presented net of tax of $863 and $2,156 as of December 31, 2024 and September 30, 2024, respectively. In connection with certain of these cross currency swaps, the Company received cash from the counterparties, representing partial advance payments of amounts due under the U.S. dollar leg of the swaps. Such amounts totaled $58,432, of which $17,416 and $41,016 were included in other current liabilities and other liabilities, respectively, on the Consolidated Balance Sheets at December 31, 2024 and September 30, 2024. The Company previously used certain foreign currency debt instruments as net investment hedges of foreign operations with a notional amount of €30.0 million ($33,485) as of September 30, 2024. Currency losses of $3,820 (net of income taxes of $1,113), which represent effective hedges of net investments, were reported as a component of AOCI within currency translation adjustment at September 30, 2024. Refer to Note 11, "Accumulated Other Comprehensive Income" for further details regarding amounts recorded in AOCI and the Consolidated Statements of Income (Loss) related to derivatives.

Share-Based Payments

Share-Based Payments	3 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Share-Based Payments	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 amendment and restatement of the 2017 Equity Incentive Plan, the maximum number of shares available for grants or awards is an aggregate of 3,450,000 (subject to adjustment upon certain events such as stock dividends or stock splits), following the amendment and restatement of the 2017 Equity Incentive Plan at the Company's 2022 Annual Shareholder Meeting. In November 2024, the Board of Directors approved the Second Amended and Restated 2017 Equity Incentive Plan (the "Second Amended 2017 Plan"), which increases the maximum number of shares available for grants or awards to an aggregate of 4,950,000. The Second Amended 2017 Plan is subject to shareholder approval at the February 2025 Annual Shareholder Meeting. At December 31, 2024, 1,720,138 shares have been issued under the 2017 Equity Incentive Plan. 1,459,643 time-based RSUs, 1,874,354 performance-based RSUs, and 75,000 stock options have been granted under the 2017 Equity Incentive Plan. 1,685,714 of these share-based awards are outstanding as of December 31, 2024. 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, 2024 and 2023, stock-based compensation cost totaled $4,979 and $4,651, respectively. The associated future income tax benefit recognized for stock-based compensation was $818 and $684 for the three-month periods ended December 31, 2024 and 2023, respectively. With respect to the grants of RSUs, awards generally vest on the third anniversary of the grant date. The number of units that vest depend on certain time and performance thresholds. Such performance thresholds include adjusted earnings per share, return on invested capital, appreciation in the market value of the Company's Class A Common Stock, or other targets established by the Compensation Committee of the Board of Directors. Approximately 40% of the outstanding share units vest based on time, while the remaining vest based on pre-defined performance thresholds. The Company issues common stock from treasury shares once the units become vested. The transactions for RSUs for the three months ended December 31, 2024 were as follows: RSUs Weighted- Non-vested at September 30, 2024 1,707,349 $ 33.59 Granted 520,900 25.52 Contingent grant * 145,800 25.45 Vested (423,295) 37.69 Expired or forfeited (119,240) 38.00 Non-vested at December 31, 2024 1,831,514 $ 27.38 * In connection with its annual grant of equity awards, the Compensation Committee of the Board of Directors granted the President and Chief Executive Officer an award contingent upon the approval by the Company's shareholders of the Second Amended 2017 Plan. Such award consists of (i) time-based restricted stock units, which may settle into a maximum of 58,320 shares of Common Stock, subject to continued service to the Company through November 18, 2027, (ii) performance units, which may settle into a maximum of 43,740 shares of Common Stock at target levels, upon the Company achieving certain metrics based on return on invested capital (“ROIC”); and (iii) performance units, which may settle into a maximum of 43,740 shares of Common Stock at target levels upon stock price appreciation for the Common Stock. As of December 31, 2024, the total unrecognized compensation cost related to all unvested stock-based awards was $30,002 and is expected to be recognized over a weighted average period of 2.3 years. The fair value of certain stock-based awards that are subject to performance conditions are estimated on the date of grant using a binomial lattice valuation model. The following table indicates the assumptions used in estimating the fair value of certain stock-based awards granted during the three-month period ended December 31, 2024. Note 9. Share-Based Payments (continued) Three Months Ended Expected volatility 31.8 % Dividend yield 3.4 % Average risk-free interest rate 4.2 % Average expected term (years) 3.0 The risk-free interest rate is based on United States Treasury yields at the date of grant. The dividend yield is based on the most recent dividend payment and average stock price over the 12 months prior to the grant date. Expected volatilities are based on the historical volatility of the Company's stock price. The expected term for grants in the three months ended December 31, 2024 represents an estimate of the average period of time for RSUs to vest. The Company maintains the Amended and Restated 2019 Director Fee Plan, the Amended and Restated 2014 Director Fee Plan and the 1994 Director Fee Plan (collectively, the "Director Fee Plans"). There will be no further fees or share-based awards granted under the Amended and Restated 2014 Director Fee Plan and the 1994 Director Fee Plan. Under the Amended and Restated 2019 Director Fee Plan, non-employee directors (except for the Chairman of the Board) each receive, as an annual retainer fee for fiscal 2025, either cash or shares of the Company's Class A Common Stock with a value equal to $90. The annual retainer fee for fiscal 2025 paid to the non-employee Chairman of the Board is $210. Where the annual retainer fee is provided in shares, each director may elect to be paid these shares on a current basis or have such shares credited to a deferred stock account as phantom stock, with such shares to be paid to the director subsequent to leaving the Board. The total number of shares of stock that have been authorized to be issued under the Amended and Restated 2019 Director Fee Plan or credited to a deferred stock compensation account for subsequent issuance is 300,000 shares of Class A Common Stock (subject to adjustment upon certain events such as stock dividends or stock splits), following the amendment and restatement of the 2019 Director Fee Plan at the Company's 2023 Annual Shareholder Meeting. The value of deferred shares is recorded in other liabilities. A total of 51,527 shares and share units had been deferred under the Director Fee Plans as of December 31, 2024. Additionally, non-employee directors each receive an annual stock-based grant (non-statutory stock options, stock appreciation rights and/or restricted shares or units) with a value of $140 for fiscal 2025. As of December 31, 2024, 377,460 restricted shares and RSUs have been granted under the Director Fee Plans, 204,231 of which were issued under the 2019 Director Fee Plan. 71,549 RSUs are unvested at December 31, 2024 under the Director Fee Plans.

Earnings Per Share Attributable

Earnings Per Share Attributable to Matthews' Shareholders	3 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Share Attributable to Matthews' Shareholders	Earnings Per Share Attributable to Matthews' Shareholders The information used to compute loss per share attributable to Matthews' common shareholders was as follows: Three Months Ended 2024 2023 Net loss attributable to Matthews shareholders $ (3,472) $ (2,303) Weighted-average shares outstanding (in thousands): Basic shares 31,110 30,915 Effect of dilutive securities — — Diluted shares 31,110 30,915 Dividends declared per common share $ 0.25 $ 0.24 During periods in which the Company incurs a net loss, diluted weighted-average shares outstanding are equal to basic weighted-average shares outstanding because the effect of all equity awards is anti-dilutive.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	3 Months Ended
	Dec. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income The changes in AOCI by component, net of tax, for the three-month periods ended December 31, 2024 and 2023 were as follows: Post-retirement benefit plans Currency translation adjustment Cash Flow Hedges Total Attributable to Matthews: Balance, September 30, 2024 $ 4,955 $ (174,623) $ 926 $ (168,742) OCI before reclassification (181) (21,187) 2,565 (18,803) Amounts reclassified from AOCI (172) (a) 6,576 (350) (b) 6,054 Net current-period OCI (353) (14,611) 2,215 (12,749) Balance, December 31, 2024 $ 4,602 $ (189,234) $ 3,141 $ (181,491) Attributable to noncontrolling interest: Balance, September 30, 2024 $ — $ 289 $ — $ 289 OCI before reclassification — — — — Net current-period OCI — — — — Balance, December 31, 2024 $ — $ 289 $ — $ 289 Post-retirement benefit plans Currency translation adjustment Cash Flow Hedges Total Attributable to Matthews: Balance, September 30, 2023 $ 6,760 $ (190,196) $ 9,032 $ (174,404) OCI before reclassification 131 11,881 (4,389) 7,623 Amounts reclassified from AOCI (211) (a) (196) (492) (b) (899) Net current-period OCI (80) 11,685 (4,881) 6,724 Balance, December 31, 2023 $ 6,680 $ (178,511) $ 4,151 $ (167,680) Attributable to noncontrolling interest: Balance, September 30, 2023 $ — $ 266 $ — $ 266 OCI before reclassification — 22 — 22 Net current-period OCI — 22 — 22 Balance, December 31, 2023 $ — $ 288 $ — $ 288 (a) Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans. (b) Amounts were included in interest expense in the periods the hedged item affected earnings (see Note 8). Note 11. Accumulated Other Comprehensive Income (continued) Reclassifications out of AOCI for the three-month periods ended December 31, 2024 and 2023 were as follows: Amount reclassified from AOCI Three Months Ended December 31, 2024 Three Months Ended December 31, 2023 Affected line item in the Postretirement benefit plans Prior service credit (a) $ 91 $ 91 Actuarial losses 139 191 Other income (deductions), net 230 282 Income before income tax (b) (58) (71) Income taxes $ 172 $ 211 Net income Derivatives Cash flow hedges $ 468 $ 659 Interest expense Net investment hedges 354 259 Interest expense 822 918 Income before income tax (b) (204) (230) Income taxes $ 618 $ 688 Net income Other Divestitures $ (6,844) $ — Other current liabilities (c) (a) Prior service cost amounts are included in the computation of pension and other postretirement benefit expense, which is reported in cost of goods sold and selling and administrative expenses. (b) For pre-tax items, positive amounts represent income and negative amounts represent expense. (c) Reflects the release of a reserve that was established for currency translation amounts related to certain net assets classified as held-for-sale as of September 30, 2024. See Note 14, "Acquisitions and Divestitures."

Income Taxes

Income Taxes	3 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	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 2025 represented a benefit of $2,358, compared to a benefit of $726 for the first three months of fiscal 2024. The difference between the Company’s consolidated income taxes for the first three months of fiscal 2025 compared to the same period for fiscal 2024 resulted from an increase in consolidated pre-tax loss in fiscal 2025 compared to fiscal 2024, as well as a discrete net tax benefit related to adjustments in tax reserves resulting from the progression of foreign tax audits . The Company’s 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’s fiscal 2024 three month effective tax rate varied from the U.S. statutory tax rate of 21.0% primarily due to state taxes, foreign statutory rate differentials, tax credits, and a net discrete tax benefit. The Company had unrecognized tax benefits (excluding penalties and interest) of $1,941 and $4,506 on December 31, 2024 and September 30, 2024, respectively, which would impact the annual effective rate at December 31, 2024 and September 30, 2024, respectively. It is reasonably possible that the amount of unrecognized tax benefits could decrease by approximately $281 in the next 12 months primarily due to the completion of audits and the expiration of the statute of limitations. The Company classifies interest and penalties on tax uncertainties as a component of the provision for income taxes. Total penalties and interest accrued were $229 and $588 at December 31, 2024 and September 30, 2024, respectively. These accruals may potentially be applicable in the event of an unfavorable outcome of uncertain tax positions. Note 12. Income Taxes (continued) The Company is currently under examination in several tax jurisdictions and remains subject to examination until the statute of limitations expires for those tax jurisdictions. As of December 31, 2024, the tax years that remain subject to examination by major jurisdictions generally are: United States – Federal 2019, 2022 and forward United States – State 2020 and forward Canada 2020 and forward Germany 2019 and forward United Kingdom 2023 and forward Singapore 2020 and forward Australia 2020 and forward

Segment Information

Segment Information	3 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Segment Information	Segment Information The Company manages its businesses under three segments: Memorialization, Industrial Technologies and SGK 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, décor and tissue industries. The SGK 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. See Note 17, "Subsequent Event" for a description of proposed transactions with respect to the SGK Brand Solutions business. Note 13. Segment Information (continued) Three Months Ended 2024 2023 Sales: Memorialization $ 190,486 $ 208,071 Industrial Technologies 80,533 111,374 SGK Brand Solutions 130,823 130,541 Consolidated Sales $ 401,842 $ 449,986 Adjusted EBITDA: Memorialization $ 36,612 $ 36,700 Industrial Technologies 1,832 9,622 SGK Brand Solutions 12,292 12,893 Corporate and Non-Operating (10,713) (13,733) Total Adjusted EBITDA $ 40,023 $ 45,482 Acquisition and divestiture related items (1)** (577) (1,237) Strategic initiatives and other items (2)**† (615) (5,920) Highly inflationary accounting losses (primarily non-cash) (3) (191) (320) Stock-based compensation (4,979) (4,651) Non-service pension and postretirement expense (4) (133) (109) Depreciation and amortization * (22,504) (23,523) Interest expense, including RPA and factoring financing fees (5) (16,854) (12,751) Loss before income taxes (5,830) (3,029) Income tax benefit 2,358 726 Net loss $ (3,472) $ (2,303) (1) Includes certain non-recurring items associated with recent acquisition and divestiture activities. (2) Includes certain non-recurring costs associated with commercial, operational and cost-reduction initiatives, and costs associated with global ERP system integration efforts. Also includes legal costs related to an ongoing dispute with Tesla, Inc. ("Tesla"), which totaled $6,867 and $2,370 for the three months ended December 31, 2024 and 2023, respectively (see Note 16, "Legal Matter"). Fiscal 2025 includes $8,702 of net gains on the sales of certain significant property and other assets. Fiscal 2025 also includes loss recoveries totaling $1,170 which were related to a previously disclosed theft of funds by a former employee initially identified in fiscal 2015. (3) Represents exchange losses associated with highly inflationary accounting related to the Company's Turkish subsidiaries (see Note 2, "Basis of Presentation"). (4) Non-service pension and postretirement expense includes interest cost, expected return on plan assets, amortization of actuarial gains and losses, curtailment gains and losses, and settlement gains and losses. These benefit cost components are excluded from adjusted EBITDA since they are primarily influenced by external market conditions that impact investment returns and interest (discount) rates. Curtailment gains and losses and settlement gains and losses are excluded from adjusted EBITDA since they generally result from certain non-recurring events, such as plan amendments to modify future benefits or settlements of plan obligations. The service cost and prior service cost components of pension and postretirement expense are included in the calculation of adjusted EBITDA, since they are considered to be a better reflection of the ongoing service-related costs of providing these benefits. Please note that GAAP pension and postretirement expense or the adjustment above are not necessarily indicative of the current or future cash flow requirements related to these employee benefit plans. (5) Includes fees for receivables sold under the RPA and factoring arrangements totaling $1,172 and $1,175 for the three months ended December 31, 2024 and 2023, respectively. * Depreciation and amortization was $7,202 and $6,413 for the Memorialization segment, $5,674 and $6,377 for the Industrial Technologies segment, $8,860 and $9,572 for the SGK Brand Solutions segment, and $768 and $1,161 for Corporate and Non-Operating, for the three months ended December 31, 2024 and December 31, 2023, respectively. ** Acquisition costs, ERP system integration costs, and strategic initiatives and other items were $1,303 and $60 for the Memorialization segment, $4,119 and $5,367 for the Industrial Technologies segment, $714 and $863 for the SGK Brand Solutions segment, and income of $4,944 and charges of $867 for Corporate and Non-Operating, for the three months ended December 31, 2024 and December 31, 2023, respectively. Note 13. Segment Information (continued) † Strategic initiatives and other items includes charges for exit and disposal activities (including severance and other employee terminations) totaling $313 and $1,961 for the three months ended December 31, 2024 and 2023, respectively. Fiscal 2025 amounts totaling charges of $601 and income of $288 for the three months ended December 31, 2024 were presented in cost of sales and administrative expense, respectively. Fiscal 2024 amounts totaling charges of $1,902, income of $256 and charges of $315 for the three months ended December 31, 2023 were presented in cost of sales, selling expense, and administrative expense, respectively. Accrued severance and other termination benefits totaled $23,637 and $42,245 as of December 31, 2024 and September 30, 2024, respectively.

Acquisitions and Divestitures

Acquisitions and Divestitures	3 Months Ended
	Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Acquisitions and Divestitures	Acquisitions and Divestitures Fiscal 2025: In October 2024, the Company completed a small acquisition within the Memorialization segment for a purchase price of $2,218. The preliminary purchase price allocation was not finalized as of December 31, 2024 and remains subject to change as the Company obtains additional information related to working capital. During the first quarter of fiscal 2025, the Company completed a small divestiture within the Memorialization segment. The net assets for this business were fully written-down in fiscal 2024 in anticipation of the disposal transaction. Fiscal 2024: In January 2024, the Company completed a small acquisition within the Memorialization segment for a purchase price of $5,825 (net of holdbacks and other adjustments, including working capital). The Company finalized the allocation of the purchase price in the fourth quarter of fiscal 2024, resulting in no significant adjustments.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	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 SGK Brand Consolidated Net goodwill at September 30, 2024 $ 373,144 $ 99,545 $ 224,434 $ 697,123 Additions during period 2,767 — — 2,767 Translation and other adjustments (2,744) (895) (10,284) (13,923) Net goodwill at December 31, 2024 $ 373,167 $ 98,650 $ 214,150 $ 685,967 The net goodwill balances at December 31, 2024 and September 30, 2024 included $277,913 of accumulated impairment losses. Accumulated impairment losses at December 31, 2024 and September 30, 2024 were $5,000, $40,673 and $232,240 for the Memorialization, Industrial Technologies and SGK Brand Solutions segments, respectively. The Company performed its annual impairment review of goodwill and indefinite-lived intangible assets in the second quarter of fiscal 2024 (January 1, 2024) 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 results of this review indicated that the estimated fair value of the Company's SGK Brand Solutions reporting unit exceeded the carrying value (expressed as a percentage of carrying value) by approximately 7%. The fair value for the reporting unit was determined using level 3 inputs (including estimates of revenue growth, EBITDA contribution and the discount rates) and a combination of the income approach using the estimated discounted cash flows and a market-based valuation methodology. If current projections are not achieved or specific valuation factors outside the Company's control (such as discount rates and continued economic and industry challenges) significantly change, additional goodwill write-downs may be necessary in future periods. Note 15. Goodwill and Other Intangible Assets (continued) The following tables summarize the carrying amounts and related accumulated amortization for intangible assets as of December 31, 2024 and September 30, 2024, respectively. Carrying Accumulated Net December 31, 2024 Indefinite-lived trade names $ 30,540 $ — $ 30,540 Definite-lived trade names 151,104 (128,854) 22,250 Customer relationships 375,040 (313,665) 61,375 Copyrights/patents/other 18,725 (16,012) 2,713 $ 575,409 $ (458,531) $ 116,878 September 30, 2024 : Indefinite-lived trade names $ 30,540 $ — $ 30,540 Definite-lived trade names 151,598 (127,829) 23,769 Customer relationships 380,387 (311,621) 68,766 Copyrights/patents/other 19,166 (16,215) 2,951 $ 581,691 $ (455,665) $ 126,026 The net change in intangible assets during the three months ended December 31, 2024 primarily included the impact of foreign currency fluctuations during the period and additional amortization.

Legal Matter

Legal Matter	3 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Legal Matter	Legal Matter On October 7, 2024, the United States District Court for the Northern District of California granted the Company’s 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 California's Uniform Trade Secrets Act (the "CUTSA"), breach of contract and unfair business practices. Given the Court’s favorable ruling, the matter filed by Tesla has been effectively stayed pending arbitration, which Tesla has initiated. The Company maintains the claims vaguely stated in the complaint are without merit and intends to vigorously defend itself against the allegations in the arbitration. In light of the substantial harm caused to the Company by Tesla's actions, the Company is now pursuing counterclaims against Tesla in that arbitration. On February 5, 2025, an arbitrator issued a decision on an arbitration demand filed by Matthews against Tesla in January 2024 seeking a declaratory ruling on certain contractual rights to Dry Battery Electrode (“DBE”) technology, know-how, and intellectual property under the terms and conditions of the agreement between Tesla and Matthews. This ruling acknowledged Matthews’ extensive background in advanced DBE manufacturing technology and affirmed that the Company has the right to sell its solutions to customers other than Tesla. The interim award issued by the arbitrator is subject to confirmation and a limited right of appeal.

Subsequent Events

Subsequent Events	3 Months Ended
	Dec. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On January 7, 2025, subsequent to the date of the balance sheet, the Company entered into a definitive contribution agreement (the "Contribution Agreement") under which it will sell its interest in the SGK Brand Solutions business to a newly formed entity created by affiliates of Southern Graphics, Inc., which will combine the SGK Brand Solutions business with the Southern Graphics, Inc. business. Under the terms of the Contribution Agreement, at the closing of the proposed transactions, the Company will receive $250,000 in cash and $50,000 of preferred equity in the new entity. In addition, at the closing of the proposed transactions, the Company will receive a 40% interest in the common equity of the new entity. Trade receivables under the Company's RPA will not be contributed to the new entity. The Company will also retain its European cylinders (packaging) business and other related investments following the closing of the proposed transactions. The proposed transactions are expected to be completed later this fiscal year, subject to customary closing conditions, including regulatory approvals. The foregoing summary of the Contribution Agreement and the transactions contemplated thereby is incomplete and is qualified in its entirety to the complete text of the Contribution Agreement, which was filed as Exhibit 2.1 to that Current Report on Form 8-K with the SEC on January 8, 2025. In January 2025, subsequent to the balance sheet date, the Company entered into an agreement for the acquisition of a Memorialization business for a purchase price of $57 million in cash. The purchase price is subject to customary post-closing adjustments. The acquisition, which is subject to certain closing conditions, is expected to be completed mid-2025.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (3,472)	$ (2,303)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements: Issued In November 2024, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") No. 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40) which improves financial reporting by requiring disclosure of specified information about certain costs and expenses on an annual and interim basis for all public entities, including enhanced disaggregation disclosures. The ASU is effective for annual periods for the Company beginning in fiscal year 2028, 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 December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740) which enhances the transparency and decision usefulness of income tax disclosures including rate reconciliations and income taxes paid among other tax disclosures. The ASU is effective for annual periods for the Company beginning in fiscal year 2026. The Company is in the process of assessing the impact this ASU will have on its consolidated financial statements. In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280) which improves financial reporting by requiring disclosure of incremental segment information on an annual and interim basis for all public entities, including enhanced disclosures about significant segment expenses. The amendments in this ASU do not affect the recognition, measurement, or financial statement presentation of expenses, but will require increased disclosures in annual and interim financial statements. The ASU is effective for annual periods for the Company beginning in fiscal year 2025, and interim periods beginning in fiscal year 2026. The Company is in the process of assessing the impact this ASU will have on its consolidated financial statements. In October 2023, the FASB issued ASU No. 2023-06, Disclosure Improvements. The amendments in this update affect the presentation and disclosure of a variety of topics in the Accounting Standards Codification, and align them with the Securities and Exchange Commission ("SEC") regulations. The effective date of the amendments of this ASU will be determined for each individual disclosure based on the effective date of the SEC’s removal of the related disclosure from Regulation S-X or Regulation S-K. If the SEC has not removed the applicable requirements from Regulation S-X or Regulation S-K by June 30, 2027, then this ASU will not become effective. The adoption of this ASU is not expected to have a material impact on the Company's consolidated financial statements.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Disaggregated sales by segment and region for the three months ended December 31, 2024 and 2023 were as follows: Memorialization Industrial Technologies SGK Brand Solutions Consolidated Three Months Ended December 31, Three Months Ended December 31, Three Months Ended December 31, Three Months Ended December 31, 2024 2023 2024 2023 2024 2023 2024 2023 North America $ 181,389 $ 197,165 $ 31,452 $ 33,139 $ 61,802 $ 62,720 $ 274,643 $ 293,024 Central and South America — — — — 1,122 1,254 1,122 1,254 Europe 5,866 7,971 47,669 76,776 49,487 50,132 103,022 134,879 Australia 3,231 2,935 — — 2,367 2,171 5,598 5,106 Asia — — 1,412 1,459 16,045 14,264 17,457 15,723 Total Sales $ 190,486 $ 208,071 $ 80,533 $ 111,374 $ 130,823 $ 130,541 $ 401,842 $ 449,986

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities Measured on a Recurring Basis	The fair values of the Company's assets and liabilities measured on a recurring basis are categorized as follows: December 31, 2024 September 30, 2024 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Derivatives (1) $ — $ 1,475 $ — $ 1,475 $ — $ — $ — $ — Equity and fixed income mutual funds — 843 — 843 — 839 — 839 Life insurance policies — 5,385 — 5,385 — 5,493 — 5,493 Total assets at fair value $ — $ 7,703 $ — $ 7,703 $ — $ 6,332 $ — $ 6,332 Liabilities: Derivatives (1) (2) $ — $ 55,358 $ — $ 55,358 $ — $ 69,573 $ — $ 69,573 Total liabilities at fair value $ — $ 55,358 $ — $ 55,358 $ — $ 69,573 $ — $ 69,573 (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 December 31, 2024 and September 30, 2024 reflect $58,432 of partial advance payments received from the counterparties to certain cross-currency swaps. See Note 8, "Derivatives and Hedging Activities" for further details.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Dec. 31, 2024
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consisted of the following: December 31, 2024 September 30, 2024 Raw materials $ 62,048 $ 61,333 Work in process 102,179 96,488 Finished goods 77,358 80,067 $ 241,585 $ 237,888

Investments (Tables)

Investments (Tables)	3 Months Ended
	Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Non-Current Investments	Non-current investments consisted of the following: December 31, 2024 September 30, 2024 Equity and fixed income mutual funds $ 843 $ 839 Life insurance policies 5,385 5,493 Equity-method investments — 349 Other (primarily cost-method) investments 16,387 16,395 $ 22,615 $ 23,076

Debt and Financing Arrangemen_2

Debt and Financing Arrangements (Tables)	3 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt at December 31, 2024 and September 30, 2024 consisted of the following: December 31, 2024 September 30, 2024 Revolving credit facilities $ 484,083 $ 444,011 2027 Senior Secured Notes 294,799 294,751 Other borrowings 7,869 15,602 Finance lease obligations 22,460 22,103 Total debt 809,211 776,467 Less current maturities (7,260) (6,853) Long-term debt $ 801,951 $ 769,614
Summary of Receivables Sold	The following table sets forth a summary of receivables sold as part of the RPA: Three Months Ended Three Months Ended Gross receivables sold $ 89,486 $ 92,809 Cash collections reinvested (85,086) (92,709) Net cash proceeds received $ 4,400 $ 100

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	3 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Interest Rate Swap Contracts Reflected in Consolidated Balance Sheets	At December 31, 2024 and September 30, 2024, derivative instruments were reflected on a gross-basis in the consolidated balance sheets as follows: Derivatives: December 31, 2024 September 30, 2024 Interest Rate Swaps Cross-Currency Swaps Interest Rate Swaps Cross-Currency Swaps Current assets: Other current assets $ 454 $ — $ — $ — Long-term assets: Other assets 1,021 — — — Current liabilities: Other current liabilities (133) (15,931) (863) (18,042) Long-term liabilities: Other liabilities (210) (39,084) (1,743) (48,925) Total derivatives (1) $ 1,132 $ (55,015) $ (2,606) $ (66,967) (1) Cross-currency swap amounts at December 31, 2024 and September 30, 2024 reflect $58,432 of partial advanced payments received from the counterparties to certain swap contracts (see below).
Schedule of Interest Rate Contracts	The following table presents information related to interest rate swaps entered into by the Company and designated as cash flow hedges: December 31, 2024 September 30, 2024 Notional amount $ 175,000 $ 175,000 Weighted-average maturity period (years) 2.9 3.2 Weighted-average received rate 4.33 % 4.85 % Weighted-average pay rate 3.83 % 3.83 % Notional Amount Unrealized Gains (Losses) Swap Currencies Maturity Date December 31, 2024 September 30, 2024 December 31, 2024 September 30, 2024 USD/EUR September 2027 $ 81,392 $ 81,392 $ (1,423) $ (5,440) USD/SEK June 2025 20,000 20,000 1,110 (468) USD/SGD August 2026 20,000 20,000 988 (441) USD/EUR August 2026 25,000 25,000 1,879 (30) $ 146,392 $ 146,392 $ 2,554 (1) $ (6,379) (1) (1) Total unrealized gains (losses) are presented net of tax of $863 and $2,156 as of December 31, 2024 and September 30, 2024, respectively.

Share-Based Payments (Tables)

Share-Based Payments (Tables)	3 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Restricted Stock Activity	The transactions for RSUs for the three months ended December 31, 2024 were as follows: RSUs Weighted- Non-vested at September 30, 2024 1,707,349 $ 33.59 Granted 520,900 25.52 Contingent grant * 145,800 25.45 Vested (423,295) 37.69 Expired or forfeited (119,240) 38.00 Non-vested at December 31, 2024 1,831,514 $ 27.38 *
Schedule of Assumptions Used in Estimating Fair Value	The following table indicates the assumptions used in estimating the fair value of certain stock-based awards granted during the three-month period ended December 31, 2024. Note 9. Share-Based Payments (continued) Three Months Ended Expected volatility 31.8 % Dividend yield 3.4 % Average risk-free interest rate 4.2 % Average expected term (years) 3.0

Earnings Per Share Attributab_2

Earnings Per Share Attributable to Matthews' Shareholders (Tables)	3 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Information Used to Compute Earnings (Loss) per Share Attributable to Matthews' Common Shareholders	The information used to compute loss per share attributable to Matthews' common shareholders was as follows: Three Months Ended 2024 2023 Net loss attributable to Matthews shareholders $ (3,472) $ (2,303) Weighted-average shares outstanding (in thousands): Basic shares 31,110 30,915 Effect of dilutive securities — — Diluted shares 31,110 30,915 Dividends declared per common share $ 0.25 $ 0.24

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Dec. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Changes in AOCI by Component	The changes in AOCI by component, net of tax, for the three-month periods ended December 31, 2024 and 2023 were as follows: Post-retirement benefit plans Currency translation adjustment Cash Flow Hedges Total Attributable to Matthews: Balance, September 30, 2024 $ 4,955 $ (174,623) $ 926 $ (168,742) OCI before reclassification (181) (21,187) 2,565 (18,803) Amounts reclassified from AOCI (172) (a) 6,576 (350) (b) 6,054 Net current-period OCI (353) (14,611) 2,215 (12,749) Balance, December 31, 2024 $ 4,602 $ (189,234) $ 3,141 $ (181,491) Attributable to noncontrolling interest: Balance, September 30, 2024 $ — $ 289 $ — $ 289 OCI before reclassification — — — — Net current-period OCI — — — — Balance, December 31, 2024 $ — $ 289 $ — $ 289 Post-retirement benefit plans Currency translation adjustment Cash Flow Hedges Total Attributable to Matthews: Balance, September 30, 2023 $ 6,760 $ (190,196) $ 9,032 $ (174,404) OCI before reclassification 131 11,881 (4,389) 7,623 Amounts reclassified from AOCI (211) (a) (196) (492) (b) (899) Net current-period OCI (80) 11,685 (4,881) 6,724 Balance, December 31, 2023 $ 6,680 $ (178,511) $ 4,151 $ (167,680) Attributable to noncontrolling interest: Balance, September 30, 2023 $ — $ 266 $ — $ 266 OCI before reclassification — 22 — 22 Net current-period OCI — 22 — 22 Balance, December 31, 2023 $ — $ 288 $ — $ 288 (a) Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans. (b) Amounts were included in interest expense in the periods the hedged item affected earnings (see Note 8).
Schedule of Reclassifications out of AOCI	Reclassifications out of AOCI for the three-month periods ended December 31, 2024 and 2023 were as follows: Amount reclassified from AOCI Three Months Ended December 31, 2024 Three Months Ended December 31, 2023 Affected line item in the Postretirement benefit plans Prior service credit (a) $ 91 $ 91 Actuarial losses 139 191 Other income (deductions), net 230 282 Income before income tax (b) (58) (71) Income taxes $ 172 $ 211 Net income Derivatives Cash flow hedges $ 468 $ 659 Interest expense Net investment hedges 354 259 Interest expense 822 918 Income before income tax (b) (204) (230) Income taxes $ 618 $ 688 Net income Other Divestitures $ (6,844) $ — Other current liabilities (c) (a) Prior service cost amounts are included in the computation of pension and other postretirement benefit expense, which is reported in cost of goods sold and selling and administrative expenses. (b) For pre-tax items, positive amounts represent income and negative amounts represent expense. (c) Reflects the release of a reserve that was established for currency translation amounts related to certain net assets classified as held-for-sale as of September 30, 2024. See Note 14, "Acquisitions and Divestitures."

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Tax Years Subject to Examination	As of December 31, 2024, the tax years that remain subject to examination by major jurisdictions generally are: United States – Federal 2019, 2022 and forward United States – State 2020 and forward Canada 2020 and forward Germany 2019 and forward United Kingdom 2023 and forward Singapore 2020 and forward Australia 2020 and forward

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Schedule of Information About the Company's Segments	Three Months Ended 2024 2023 Sales: Memorialization $ 190,486 $ 208,071 Industrial Technologies 80,533 111,374 SGK Brand Solutions 130,823 130,541 Consolidated Sales $ 401,842 $ 449,986 Adjusted EBITDA: Memorialization $ 36,612 $ 36,700 Industrial Technologies 1,832 9,622 SGK Brand Solutions 12,292 12,893 Corporate and Non-Operating (10,713) (13,733) Total Adjusted EBITDA $ 40,023 $ 45,482 Acquisition and divestiture related items (1)** (577) (1,237) Strategic initiatives and other items (2)**† (615) (5,920) Highly inflationary accounting losses (primarily non-cash) (3) (191) (320) Stock-based compensation (4,979) (4,651) Non-service pension and postretirement expense (4) (133) (109) Depreciation and amortization * (22,504) (23,523) Interest expense, including RPA and factoring financing fees (5) (16,854) (12,751) Loss before income taxes (5,830) (3,029) Income tax benefit 2,358 726 Net loss $ (3,472) $ (2,303) (1) Includes certain non-recurring items associated with recent acquisition and divestiture activities. (2) Includes certain non-recurring costs associated with commercial, operational and cost-reduction initiatives, and costs associated with global ERP system integration efforts. Also includes legal costs related to an ongoing dispute with Tesla, Inc. ("Tesla"), which totaled $6,867 and $2,370 for the three months ended December 31, 2024 and 2023, respectively (see Note 16, "Legal Matter"). Fiscal 2025 includes $8,702 of net gains on the sales of certain significant property and other assets. Fiscal 2025 also includes loss recoveries totaling $1,170 which were related to a previously disclosed theft of funds by a former employee initially identified in fiscal 2015. (3) Represents exchange losses associated with highly inflationary accounting related to the Company's Turkish subsidiaries (see Note 2, "Basis of Presentation"). (4) Non-service pension and postretirement expense includes interest cost, expected return on plan assets, amortization of actuarial gains and losses, curtailment gains and losses, and settlement gains and losses. These benefit cost components are excluded from adjusted EBITDA since they are primarily influenced by external market conditions that impact investment returns and interest (discount) rates. Curtailment gains and losses and settlement gains and losses are excluded from adjusted EBITDA since they generally result from certain non-recurring events, such as plan amendments to modify future benefits or settlements of plan obligations. The service cost and prior service cost components of pension and postretirement expense are included in the calculation of adjusted EBITDA, since they are considered to be a better reflection of the ongoing service-related costs of providing these benefits. Please note that GAAP pension and postretirement expense or the adjustment above are not necessarily indicative of the current or future cash flow requirements related to these employee benefit plans. (5) Includes fees for receivables sold under the RPA and factoring arrangements totaling $1,172 and $1,175 for the three months ended December 31, 2024 and 2023, respectively. * Depreciation and amortization was $7,202 and $6,413 for the Memorialization segment, $5,674 and $6,377 for the Industrial Technologies segment, $8,860 and $9,572 for the SGK Brand Solutions segment, and $768 and $1,161 for Corporate and Non-Operating, for the three months ended December 31, 2024 and December 31, 2023, respectively. ** Acquisition costs, ERP system integration costs, and strategic initiatives and other items were $1,303 and $60 for the Memorialization segment, $4,119 and $5,367 for the Industrial Technologies segment, $714 and $863 for the SGK Brand Solutions segment, and income of $4,944 and charges of $867 for Corporate and Non-Operating, for the three months ended December 31, 2024 and December 31, 2023, respectively. Note 13. Segment Information (continued) † Strategic initiatives and other items includes charges for exit and disposal activities (including severance and other employee terminations) totaling $313 and $1,961 for the three months ended December 31, 2024 and 2023, respectively. Fiscal 2025 amounts totaling charges of $601 and income of $288 for the three months ended December 31, 2024 were presented in cost of sales and administrative expense, respectively. Fiscal 2024 amounts totaling charges of $1,902, income of $256 and charges of $315 for the three months ended December 31, 2023 were presented in cost of sales, selling expense, and administrative expense, respectively. Accrued severance and other termination benefits totaled $23,637 and $42,245 as of December 31, 2024 and September 30, 2024, respectively.

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill Attributable to Each Segment	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 SGK Brand Consolidated Net goodwill at September 30, 2024 $ 373,144 $ 99,545 $ 224,434 $ 697,123 Additions during period 2,767 — — 2,767 Translation and other adjustments (2,744) (895) (10,284) (13,923) Net goodwill at December 31, 2024 $ 373,167 $ 98,650 $ 214,150 $ 685,967
Schedule of Other Intangible Assets	The following tables summarize the carrying amounts and related accumulated amortization for intangible assets as of December 31, 2024 and September 30, 2024, respectively. Carrying Accumulated Net December 31, 2024 Indefinite-lived trade names $ 30,540 $ — $ 30,540 Definite-lived trade names 151,104 (128,854) 22,250 Customer relationships 375,040 (313,665) 61,375 Copyrights/patents/other 18,725 (16,012) 2,713 $ 575,409 $ (458,531) $ 116,878 September 30, 2024 : Indefinite-lived trade names $ 30,540 $ — $ 30,540 Definite-lived trade names 151,598 (127,829) 23,769 Customer relationships 380,387 (311,621) 68,766 Copyrights/patents/other 19,166 (16,215) 2,951 $ 581,691 $ (455,665) $ 126,026

Nature of Operations (Details)

Nature of Operations (Details)	3 Months Ended
	Dec. 31, 2024 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments	3

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2024
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net monetary assets	$ 5,621		$ 5,327
Highly inflationary accounting losses (primarily non-cash)	$ (191)	$ (320)
Other Nonoperating Income (Expense)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Exchange loss due to highly inflationary accounting		$ 320

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Disaggregation of Sales (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Sales	$ 401,842	$ 449,986
North America
Disaggregation of Revenue [Line Items]
Sales	274,643	293,024
Central and South America
Disaggregation of Revenue [Line Items]
Sales	1,122	1,254
Europe
Disaggregation of Revenue [Line Items]
Sales	103,022	134,879
Australia
Disaggregation of Revenue [Line Items]
Sales	5,598	5,106
Asia
Disaggregation of Revenue [Line Items]
Sales	17,457	15,723
Memorialization
Disaggregation of Revenue [Line Items]
Sales	190,486	208,071
Memorialization | North America
Disaggregation of Revenue [Line Items]
Sales	181,389	197,165
Memorialization | Central and South America
Disaggregation of Revenue [Line Items]
Sales	0	0
Memorialization | Europe
Disaggregation of Revenue [Line Items]
Sales	5,866	7,971
Memorialization | Australia
Disaggregation of Revenue [Line Items]
Sales	3,231	2,935
Memorialization | Asia
Disaggregation of Revenue [Line Items]
Sales	0	0
Industrial Technologies
Disaggregation of Revenue [Line Items]
Sales	80,533	111,374
Industrial Technologies | North America
Disaggregation of Revenue [Line Items]
Sales	31,452	33,139
Industrial Technologies | Central and South America
Disaggregation of Revenue [Line Items]
Sales	0	0
Industrial Technologies | Europe
Disaggregation of Revenue [Line Items]
Sales	47,669	76,776
Industrial Technologies | Australia
Disaggregation of Revenue [Line Items]
Sales	0	0
Industrial Technologies | Asia
Disaggregation of Revenue [Line Items]
Sales	1,412	1,459
SGK Brand Solutions
Disaggregation of Revenue [Line Items]
Sales	130,823	130,541
SGK Brand Solutions | North America
Disaggregation of Revenue [Line Items]
Sales	61,802	62,720
SGK Brand Solutions | Central and South America
Disaggregation of Revenue [Line Items]
Sales	1,122	1,254
SGK Brand Solutions | Europe
Disaggregation of Revenue [Line Items]
Sales	49,487	50,132
SGK Brand Solutions | Australia
Disaggregation of Revenue [Line Items]
Sales	2,367	2,171
SGK Brand Solutions | Asia
Disaggregation of Revenue [Line Items]
Sales	$ 16,045	$ 14,264

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2024
Disaggregation of Revenue [Line Items]
Contract assets	$ 88,617		$ 92,969
Transferred over Time
Disaggregation of Revenue [Line Items]
Contract assets	$ 60,229		$ 64,246
Revenue Benchmark | Product Concentration Risk | Transferred over Time
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	12%	19%

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024
Assets:
Life insurance policies	$ 16,387	$ 16,395
Cross-Currency Swaps
Liabilities:
Advance payments received from counterparties	58,432	58,432
Recurring
Assets:
Derivatives	1,475	0
Equity and fixed income mutual funds	843	839
Life insurance policies	5,385	5,493
Total assets at fair value	7,703	6,332
Liabilities:
Derivatives	55,358	69,573
Total liabilities at fair value	55,358	69,573
Recurring | Level 1
Assets:
Derivatives	0	0
Equity and fixed income mutual funds	0	0
Life insurance policies	0	0
Total assets at fair value	0	0
Liabilities:
Derivatives	0	0
Total liabilities at fair value	0	0
Recurring | Level 2
Assets:
Derivatives	1,475	0
Equity and fixed income mutual funds	843	839
Life insurance policies	5,385	5,493
Total assets at fair value	7,703	6,332
Liabilities:
Derivatives	55,358	69,573
Total liabilities at fair value	55,358	69,573
Recurring | Level 3
Assets:
Derivatives	0	0
Equity and fixed income mutual funds	0	0
Life insurance policies	0	0
Total assets at fair value	0	0
Liabilities:
Derivatives	0	0
Total liabilities at fair value	$ 0	$ 0

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Sep. 30, 2024
Inventories, net [Abstract]
Raw materials	$ 62,048	$ 61,333
Work in process	102,179	96,488
Finished goods	77,358	80,067
Inventories	$ 241,585	$ 237,888

Investments (Details)

Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Sep. 30, 2024
Non-current investments [Abstract]
Equity and fixed income mutual funds	$ 843	$ 839
Life insurance policies	5,385	5,493
Equity-method investments	0	349
Other (primarily cost-method) investments	16,387	16,395
Total non-current investments	$ 22,615	$ 23,076

Debt and Financing Arrangemen_3

Debt and Financing Arrangements - Long-Term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Sep. 30, 2024
Debt Instrument [Line Items]
Total debt	$ 809,211	$ 776,467
Finance lease obligations	$ 22,460	$ 22,103
Finance lease, liability, statement of financial position [extensible enumeration]	Long-term debt	Long-term debt
Less current maturities	$ (7,260)	$ (6,853)
Long-term debt	801,951	769,614
2027 Senior Secured Notes
Debt Instrument [Line Items]
Total debt	294,799	294,751
Other borrowings
Debt Instrument [Line Items]
Total debt	7,869	15,602
Revolving credit facilities | Line of Credit
Debt Instrument [Line Items]
Total debt	$ 484,083	$ 444,011

Debt and Financing Arrangemen_4

Debt and Financing Arrangements - Narrative (Details)	3 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2024 EUR (€)	Sep. 30, 2024 USD ($)	Sep. 30, 2024 EUR (€)
Line of Credit Facility [Line Items]
Accounts payable, trade	$ 3,012,000			$ 3,014,000
Other borrowings	809,211,000			776,467,000
2027 Senior Secured Notes
Line of Credit Facility [Line Items]
Debt issuance costs, gross	5,201,000			5,249,000
Other borrowings	$ 294,799,000			294,751,000
Other borrowings
Line of Credit Facility [Line Items]
Weighted-average interest rate on outstanding borrowings (as a percent)	2.33%	4.20%	2.33%
Other borrowings	$ 7,869,000			15,602,000
Senior Notes 2027 | 2027 Senior Notes
Line of Credit Facility [Line Items]
Debt issued amount	$ 300,000,000
Fixed interest rate (as a percent)	8.625%		8.625%
Receivables Purchase Agreement
Line of Credit Facility [Line Items]
Facility limit	$ 125,000,000
Receivables sold to purchasers	100,700,000			96,300,000
Unsold receivables	66,272,000			58,183,000
Principal amount of receivables sold	21,449,000	$ 17,118,000
Factored accounts receivable, outstanding	17,126,000			15,665,000
Revolving credit facilities | March 2020 Debt Amendment
Line of Credit Facility [Line Items]
Maximum amount of borrowings available	750,000,000
Maximum borrowing amount drawn In foreign currency	$ 350,000,000
Rate spread adjustment (as a percent)	0.10%
Interest rate during period (as a percent)	1.50%
Unamortized debt costs	$ 4,713,000			4,961,000
Revolving credit facilities | March 2020 Debt Amendment | Minimum
Line of Credit Facility [Line Items]
Interest rate on borrowings (as a percent)	1%
Line of credit facility, unused capacity, commitment fee percentage	0.15%
Revolving credit facilities | March 2020 Debt Amendment | Maximum
Line of Credit Facility [Line Items]
Interest rate on borrowings (as a percent)	2%
Line of credit facility, unused capacity, commitment fee percentage	0.30%
Domestic Revolving Credit Facility | March 2020 Debt Amendment
Line of Credit Facility [Line Items]
Maximum available for issuance of trade and standby letters of credit	$ 75,000,000
Outstanding borrowings	$ 480,969,000			410,527,000
Weighted-average interest rate on outstanding borrowings (as a percent)	5.17%	5.32%	5.17%
Foreign Line of Credit | Foreign currency debt instruments
Line of Credit Facility [Line Items]
Notional amount			€ 0	$ 33,485,000	€ 30,000,000
Foreign Line of Credit | Credit Facility With European Bank
Line of Credit Facility [Line Items]
Maximum amount of borrowings available	$ 8,310,000		8,000,000
Outstanding borrowings	$ 3,114,000		€ 3,000,000		€ 0
Weighted-average interest rate on outstanding borrowings (as a percent)	5.10%	6.11%	5.10%
Foreign Line of Credit | Bank Guarantees | Credit Facility With European Bank
Line of Credit Facility [Line Items]
Maximum amount of borrowings available	$ 19,218,000		€ 18,500,000

Debt and Financing Arrangemen_5

Debt and Financing Arrangements - Summary of Receivables Sold (Details) - Receivables Purchase Agreement - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Transfer of Financial Assets Accounted for as Sales [Line Items]
Gross receivables sold	$ 89,486	$ 92,809
Cash collections reinvested	(85,086)	(92,709)
Net cash proceeds received	$ 4,400	$ 100

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities - Interest Rate Swap Contracts Reflected in Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024
Interest Rate Swaps | Cash flow hedges | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Total derivatives	$ 1,132	$ (2,606)
Cross-Currency Swaps
Derivatives, Fair Value [Line Items]
Advance payments received from counterparties	58,432	58,432
Cross-Currency Swaps | Net investment hedges | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Total derivatives	(55,015)	(66,967)
Other current assets | Interest Rate Swaps | Cash flow hedges | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Assets derivatives	454	0
Other current assets | Cross-Currency Swaps | Net investment hedges | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Assets derivatives	0	0
Other assets | Interest Rate Swaps | Cash flow hedges | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Assets derivatives	1,021	0
Other assets | Cross-Currency Swaps | Net investment hedges | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Assets derivatives	0	0
Other current liabilities | Interest Rate Swaps | Cash flow hedges | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Liability derivatives	(133)	(863)
Other current liabilities | Cross-Currency Swaps | Net investment hedges | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Liability derivatives	(15,931)	(18,042)
Other liabilities | Interest Rate Swaps | Cash flow hedges | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Liability derivatives	(210)	(1,743)
Other liabilities | Cross-Currency Swaps | Net investment hedges | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Liability derivatives	$ (39,084)	$ (48,925)

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Interest Rate Contracts (Details) - Interest Rate Swaps - Cash flow hedges - Designated as Hedging Instrument - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	$ 175,000	$ 175,000
Weighted-average maturity period (years)	2 years 10 months 24 days	3 years 2 months 12 days
Weighted-average received rate	4.33%	4.85%
Weighted-average pay rate	3.83%	3.83%

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Narrative (Details) $ in Thousands, € in Millions	3 Months Ended	6 Months Ended	12 Months Ended
	Dec. 31, 2024 USD ($)	Mar. 31, 2024 USD ($)	Sep. 30, 2024 USD ($)	Dec. 31, 2024 EUR (€)	Dec. 31, 2024 USD ($)	Sep. 30, 2024 EUR (€)	Sep. 30, 2024 USD ($)
Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Unrealized gain expected to be recognized over the next 12 months					$ 1,566
Net investment hedges | Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount					146,392		$ 146,392
Interest Rate Swaps | Cash flow hedges | Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Unrealized gain on fair value of interest rate swaps, before tax	$ 1,132	$ (2,606)
Unrealized gain on fair value of interest rate swaps, after tax	844	(1,948)
Derivative, notional amount					175,000		175,000
LIBOR-Based Swap | Cash flow hedges | Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Unrecognized gain on LIBOR-based swaps	3,076	3,848
Unrecognized gain on LIBOR-based swaps, after tax	2,297	$ 2,874
Cross-Currency Swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Advance payments received from counterparties	58,432		$ 58,432
Cross-Currency Swaps | Net investment hedges | Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net investment hedge, gain (loss), after reclassification, tax expense (benefit)	$ 863		2,156
Cross-Currency Swaps | Net investment hedges | Designated as Hedging Instrument | Other current liabilities
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative liability, current					17,416		17,416
Cross-Currency Swaps | Net investment hedges | Designated as Hedging Instrument | Other Liabilities
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative liability, current					$ 41,016		41,016
Foreign currency debt instruments | Foreign Line of Credit
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount				€ 0		€ 30	$ 33,485
Foreign currency debt instruments | Net investment hedges | Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Currency losses			3,820
Net investment hedge, gain (loss), after reclassification, tax expense (benefit)			$ (1,113)

Derivatives and Hedging Activ_6

Derivatives and Hedging Activities - Cross Currency Swaps (Details) - Net investment hedges - Designated as Hedging Instrument - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	$ 146,392	$ 146,392
Unrealized Gains (Losses) Recognized in AOCI	2,554	(6,379)
USD Euro Exchange Future
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	81,392	81,392
Unrealized Gains (Losses) Recognized in AOCI	(1,423)	(5,440)
USD Sweden Exchange Future
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	20,000	20,000
Unrealized Gains (Losses) Recognized in AOCI	1,110	(468)
USD Singapore Exchange Future
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	20,000	20,000
Unrealized Gains (Losses) Recognized in AOCI	988	(441)
USD Euro Exchange Future
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	25,000	25,000
Unrealized Gains (Losses) Recognized in AOCI	1,879	(30)
Cross-Currency Swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net investment hedge, gain (loss), after reclassification, tax	$ (863)	$ (2,156)

Share-Based Payments - Narrativ

Share-Based Payments - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Nov. 30, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation cost	$ 4,979	$ 4,651
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	520,900
Percent of shares vested on time	40%
Unrecognized compensation cost on non-vested awards	$ 30,002
Weighted average period of recognition of unrecognized compensation cost on non-vested awards	2 years 3 months 18 days
Restricted stock awards unvested (in shares)	71,549
2017 Equity Incentive Plan | Stock Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of plan	10 years
Amended 2017 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for future issuance under award plan (in shares)	3,450,000		4,950,000
Shares issuance under award plan (in shares)	1,720,138
Options granted (in shares)	75,000
Share-based awards outstanding (in shares)	1,685,714
Percentage of outstanding stock maximum	200%
Amended 2017 Plan | Time-Based Restricted Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	1,459,643
Amended 2017 Plan | Performance-Based Restricted Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	1,874,354
Retirement Eligible Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future income tax benefit from compensation expense recognized	$ 818	$ 684
Director Fee Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares deferred under stock based compensation plan (in shares)	51,527
Value of annual stock based grant	$ 140
Total restricted stock awards granted to date (in shares)	377,460
Restricted stock awards unvested (in shares)	204,231
2014 Director Fee Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual retainer fee paid to non-employee directors	$ 90
Annual retainer fee paid to non-employee Chairman of the Board	$ 210
2019 Director Fee Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grants or awards (in shares)	300,000

Share-Based Payments - Restrict

Share-Based Payments - Restricted Stock Activity (Details)	3 Months Ended
	Dec. 31, 2024 $ / shares shares
Restricted Stock
RSUs
Non-vested at beginning of period (in shares)	1,707,349
Granted (in shares)	520,900
Contingent grant (in shares)	145,800
Vested (in shares)	(423,295)
Expired or forfeited (in shares)	(119,240)
Non-vested at end of period (in shares)	1,831,514
Weighted- average Grant-date Fair Value
Non-vested weighted-average grant-date fair value, beginning of period (in dollars per share) | $ / shares	$ 33.59
Granted, weighted-average grant-date fair value (in dollars per share) | $ / shares	25.52
Vested, weighted-average grant-date fair value (in dollars per share) | $ / shares	37.69
Contingent grant (in dollars per share) | $ / shares	25.45
Expired or forfeited, weighted-average grant-date fair value (in dollars per share) | $ / shares	38
Non-vested weighted-average grant-date fair value, end of period (in dollars per share) | $ / shares	$ 27.38
Time-Based Restricted Share Units
RSUs
Contingent grant (in shares)	58,320
Performance-Based Restricted Share Units
RSUs
Contingent grant (in shares)	43,740
Stock Appreciation Rights (SARs)
RSUs
Contingent grant (in shares)	43,740

Share-Based Payments - Assumpti

Share-Based Payments - Assumptions Used in Estimating Fair Value (Details)	3 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Expected volatility	31.80%
Dividend yield	3.40%
Average risk-free interest rate	4.20%
Average expected term (years)	3 years

Earnings Per Share Attributab_3

Earnings Per Share Attributable to Matthews' Shareholders (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Earnings Per Share [Abstract]
Net loss attributable to Matthews shareholders	$ (3,472)	$ (2,303)
Weighted-average shares outstanding (in thousands):
Basic shares (in shares)	31,110	30,915
Effect of dilutive securities (in shares)	0	0
Diluted shares (in shares)	31,110	30,915
Dividends declared per common share (in dollars per share)	$ 0.25	$ 0.24

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income - Changes in AOCI by Component (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Attributable to Matthews:
Beginning balance	$ 437,206	$ 525,281
Net current-period OCI	(12,749)	6,746
Ending balance	413,456	508,809
AOCI Attributable to Parent
Attributable to Matthews:
Beginning balance	(168,742)	(174,404)
OCI before reclassification	(18,803)	7,623
Amounts reclassified from AOCI	6,054	(899)
Net current-period OCI	(12,749)	6,724
Ending balance	(181,491)	(167,680)
Post-retirement benefit plans
Attributable to Matthews:
Beginning balance	4,955	6,760
OCI before reclassification	(181)	131
Amounts reclassified from AOCI	(172)	(211)
Net current-period OCI	(353)	(80)
Ending balance	4,602	6,680
Currency translation adjustment
Attributable to Matthews:
Beginning balance	(174,623)	(190,196)
OCI before reclassification	(21,187)	11,881
Amounts reclassified from AOCI	6,576	(196)
Net current-period OCI	(14,611)	11,685
Ending balance	(189,234)	(178,511)
Cash Flow Hedges
Attributable to Matthews:
Beginning balance	926	9,032
OCI before reclassification	2,565	(4,389)
Amounts reclassified from AOCI	(350)	(492)
Net current-period OCI	2,215	(4,881)
Ending balance	3,141	4,151
AOCI Attributable to Noncontrolling Interest
Attributable to Matthews:
Beginning balance	289	266
OCI before reclassification	0	22
Net current-period OCI	0	22
Ending balance	289	288
Post-retirement benefit plans
Attributable to Matthews:
Beginning balance	0	0
OCI before reclassification	0	0
Net current-period OCI	0	0
Ending balance	0	0
Currency translation adjustment
Attributable to Matthews:
Beginning balance	289	266
OCI before reclassification	0	22
Net current-period OCI	0	22
Ending balance	289	288
Cash Flow Hedges
Attributable to Matthews:
Beginning balance	0	0
OCI before reclassification	0	0
Net current-period OCI	0	0
Ending balance	$ 0	$ 0

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income - Reclassifications out of AOCI (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2024
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Prior service credit	$ (276,150)	$ (317,633)
Other income (deductions), net	4,178	(880)
Loss before income taxes	(5,830)	(3,029)
Income taxes	2,358	726
Net loss	(3,472)	(2,303)
Other current liabilities	144,684		$ 148,151
Reclassification out of Accumulated Other Comprehensive Income | Net investment hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	354	259
Post-retirement benefit plans | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Loss before income taxes	230	282
Income taxes	(58)	(71)
Net loss	172	211
Prior service credit | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Prior service credit	91	91
Actuarial losses | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (deductions), net	139	191
Cash Flow Hedges | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Loss before income taxes	822	918
Income taxes	(204)	(230)
Net loss	618	688
Cash Flow Hedges | Reclassification out of Accumulated Other Comprehensive Income | Cash flow hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	468	659
Other | Reclassification out of Accumulated Other Comprehensive Income | Divestitures
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other current liabilities	$ (6,844)	$ 0

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income tax benefit	$ (2,358)	$ (726)
Unrecognized tax benefits	1,941		$ 4,506
Decrease reasonably possible in next 12 months	281
Total penalties and interest accrued	$ 229		$ 588

Segment Information (Details)

Segment Information (Details) $ in Thousands	3 Months Ended
	Dec. 31, 2024 USD ($) segment	Dec. 31, 2023 USD ($)	Sep. 30, 2024 USD ($)
Segment Reporting [Abstract]
Number of operating segments | segment	3
Segment Reporting Information [Line Items]
Consolidated Sales	$ 401,842	$ 449,986
Adjusted EBITDA:
Total Adjusted EBITDA	40,023	45,482
Non-Operating Income and Expenses [Abstract]
Acquisition and divestiture related items	(577)	(1,237)
Strategic initiatives and other items	(615)	(5,920)
Highly inflationary accounting losses (primarily non-cash)	(191)	(320)
Stock-based compensation	(4,979)	(4,651)
Non-service pension and postretirement expense	(133)	(109)
Depreciation and amortization	(22,504)	(23,523)
Interest expense, including RPA and factoring financing fees	(16,854)	(12,751)
Loss before income taxes	(5,830)	(3,029)
Income tax benefit	2,358	726
Net loss	(3,472)	(2,303)
Gain (loss) on dispute	6,867	2,370
Gain on sale of property and other assets	8,702
Loss recovery	1,170
RPA and factoring financing fees	1,172	1,175
Other cost reduction initiatives, severance and other employee termination benefits	313	1,961
Accrued severance and other employee termination benefits	23,637		$ 42,245
Cost of Sales
Non-Operating Income and Expenses [Abstract]
Other cost reduction initiatives	601	1,902
Selling and Marketing Expense
Non-Operating Income and Expenses [Abstract]
Other cost reduction initiatives		(256)
General and Administrative Expense
Non-Operating Income and Expenses [Abstract]
Other cost reduction initiatives	(288)	315
Memorialization
Segment Reporting Information [Line Items]
Consolidated Sales	190,486	208,071
Industrial Technologies
Segment Reporting Information [Line Items]
Consolidated Sales	80,533	111,374
SGK Brand Solutions
Segment Reporting Information [Line Items]
Consolidated Sales	130,823	130,541
Operating Segments | Memorialization
Adjusted EBITDA:
Total Adjusted EBITDA	36,612	36,700
Non-Operating Income and Expenses [Abstract]
Depreciation and amortization	(7,202)	(6,413)
Acquisition costs, ERP integration costs, and strategic initiatives and other charges	1,303	60
Operating Segments | Industrial Technologies
Adjusted EBITDA:
Total Adjusted EBITDA	1,832	9,622
Non-Operating Income and Expenses [Abstract]
Depreciation and amortization	(5,674)	(6,377)
Acquisition costs, ERP integration costs, and strategic initiatives and other charges	4,119	5,367
Operating Segments | SGK Brand Solutions
Adjusted EBITDA:
Total Adjusted EBITDA	12,292	12,893
Non-Operating Income and Expenses [Abstract]
Depreciation and amortization	(8,860)	(9,572)
Acquisition costs, ERP integration costs, and strategic initiatives and other charges	714	863
Corporate and Non-Operating
Adjusted EBITDA:
Total Adjusted EBITDA	(10,713)	(13,733)
Non-Operating Income and Expenses [Abstract]
Depreciation and amortization	(768)	(1,161)
Acquisition costs, ERP integration costs, and strategic initiatives and other charges	$ (4,944)	$ 867

Acquisitions and Divestitures (

Acquisitions and Divestitures (Details) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended
	Oct. 31, 2024	Jan. 31, 2024	Dec. 31, 2024	Dec. 31, 2023
Business Acquisition [Line Items]
Payment to acquire business, net of cash acquired			$ 2,218	$ 0
Memorialization
Business Acquisition [Line Items]
Payment to acquire business, net of cash acquired	$ 2,218	$ 5,825

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill Attributable to Each Segment (Details) $ in Thousands	3 Months Ended
	Dec. 31, 2024 USD ($)
Goodwill [Roll Forward]
Balance at beginning of period	$ 697,123
Additions during period	2,767
Translation and other adjustments	(13,923)
Balance at end of period	685,967
Memorialization
Goodwill [Roll Forward]
Balance at beginning of period	373,144
Additions during period	2,767
Translation and other adjustments	(2,744)
Balance at end of period	373,167
Industrial Technologies
Goodwill [Roll Forward]
Balance at beginning of period	99,545
Additions during period	0
Translation and other adjustments	(895)
Balance at end of period	98,650
SGK Brand Solutions
Goodwill [Roll Forward]
Balance at beginning of period	224,434
Additions during period	0
Translation and other adjustments	(10,284)
Balance at end of period	$ 214,150

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2024
Goodwill [Line Items]
Accumulated impairment charges	$ 277,913		$ 277,913
Percentage of fair value in excess of carrying amount	7%
Amortization expense on intangible assets	$ 8,608	$ 9,795
Future amortization expense [Abstract]
Future amortization expense for the remainder 2025	21,031
Future amortization expense 2026	14,171
Future amortization expense 2027	13,068
Future amortization expense 2028	10,995
Future amortization expense 2029	9,143
Memorialization
Goodwill [Line Items]
Accumulated impairment charges	5,000		5,000
Industrial Technologies
Goodwill [Line Items]
Accumulated impairment charges	40,673		40,673
SGK Brand Solutions
Goodwill [Line Items]
Accumulated impairment charges	$ 232,240		$ 232,240

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Sep. 30, 2024
Other Intangible Assets [Abstract]
Carrying Amount	$ 575,409	$ 581,691
Accumulated Amortization	(458,531)	(455,665)
Net	116,878	126,026
Definite-lived trade names
Other Intangible Assets [Abstract]
Carrying Amount	151,104	151,598
Accumulated Amortization	(128,854)	(127,829)
Net	22,250	23,769
Customer relationships
Other Intangible Assets [Abstract]
Carrying Amount	375,040	380,387
Accumulated Amortization	(313,665)	(311,621)
Net	61,375	68,766
Copyrights/patents/other
Other Intangible Assets [Abstract]
Carrying Amount	18,725	19,166
Accumulated Amortization	(16,012)	(16,215)
Net	2,713	2,951
Indefinite-lived trade names
Other Intangible Assets [Abstract]
Carrying Amount	30,540	30,540
Net	$ 30,540	$ 30,540

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Thousands		1 Months Ended			3 Months Ended
	Jan. 07, 2025	Jan. 31, 2025	Oct. 31, 2024	Jan. 31, 2024	Dec. 31, 2024	Dec. 31, 2023
Subsequent Event [Line Items]
Payment to acquire business, net of cash acquired					$ 2,218	$ 0
Memorialization
Subsequent Event [Line Items]
Payment to acquire business, net of cash acquired			$ 2,218	$ 5,825
Subsequent Event
Subsequent Event [Line Items]
Equity ownership percentage (as percent)	40%
Subsequent Event | Memorialization
Subsequent Event [Line Items]
Payment to acquire business, net of cash acquired		$ 57,000
Subsequent Event | SGK Brand Solutions | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Subsequent Event [Line Items]
Proceeds from divestiture of businesses	$ 250,000
Preferred equity consideration for disposal	$ 50,000