Insurgents reach gates of Syria’s capital, threatening to upend decades of Assad ruleMaryland finds shooting touch, downs Maryland Eastern ShoreYou’ve got to be a pretty big deal to get an arena like SAP Center to blow up its entire concessions menu. Billie Eilish is that big of a deal. When the Grammy and Oscar-winning for two sold-out shows Tuesday and Wednesday, fans will find only vegan and vegetarian options, in line with Eilish’s advocacy for plant-based diets. So what does that mean? Vegan hot dogs, chicken tenders and pizza will be on the menus, along with popcorn, pretzels and chips and salsa. Vegan Mob will be offering vegan soul food options; Arteaga’s will be making its burritos and tacos with sofritas or veggies and serving them with vegan cheese and sour cream; and Sushi Confidential will be offering veggie rolls, teriyaki veggie bowls and fried tofu for at least Tuesday night. Even the soft serve ice cream at Sugar + Ice will be made out of oat milk. And, the suites will get in on the action, too, by serving a non-meat menu with vegan chicken tenders, Impossible sliders and a crudite with hummus offered along with vegan versions of ranch dip, aioli and ketchup. Vegetarian House, photographed Dec. 6, 2024, is a vegan restaurant in San Jose that originally opened in 1994. (Sal Pizarro/Bay Area News Group) Good Karma Fine Ales and Food, photographed Dec. 6, 2024, is a vegetarian restaurant in downtown San Jose. (Sal Pizarro/Bay Area News Group) Tofoo Com Chay, photographed Dec. 6, 2024, is a restaurant in San Jose that serves vegetarian Vietnamese dishes. (Sal Pizarro/Bay Area News Group) Vegan Bistro and Donuts, photographed Dec. 6, 2024, is a vegan cafe in downtown San Jose. (Sal Pizarro/Bay Area News Group) Vegetarian House, photographed Dec. 6, 2024, is a vegan restaurant in San Jose that originally opened in 1994. (Sal Pizarro/Bay Area News Group) SAP Center regularly has some vegetarian, vegan and gluten-free options, but this is believed to be the first time the arena has changed its entire menu for an artist. (The willingness to do this could even be a selling point for SAP Center should Paul McCartney, who is a vegetarian, decide to bring his “Got Back” tour to the Bay Area next year.) What if you’re not a vegetarian? Well, you could give it a try for the night or at least consider yourself forewarned and make plans to eat before the show. As part of the push, Eilish also has partnered with Google Maps to recommend vegetarian and vegan restaurants in the cities on her tour. For San Jose, her picks are (520 E. Santa Clara St.), (37 S. First St.), and (548 Lawrence Expy. in Sunnyvale). I’ll add to the list , a great Vietnamese vegetarian restaurant at 388 E. Santa Clara St., and , which also houses , on 10th and Santa Clara Streets (though it’s regularly closed Monday through Wednesday). Pizza My Heart at 117 E. San Carlos St. also offers lots of including a vegan version of its garlic-filled Big Sur pizza. If concertgoers want to make their trip even more sustainable, they should remember that both VTA and Caltrain are good, climate-friendlier ways to get to SAP Center. On the subject of Caltrain, state Sen. Dave Cortese can’t believe the transit agency has agreed to transfer its entire retired fleet — 90 gallery cars and 19 diesel locomotives — to Lima, Peru after finally getting its entire fleet electrified this fall. “This is no way to run a railroad by taking the diesel off California’s carbon footprint then putting it right back on in Peru. Are we not all fighting to decarbonize the same air?” Cortese, who chairs the state Senate Transportation committee, said in a release. that states the intent of the Legislature to restrict the resale of decommissioned diesel trains and rolling stock for continued use. I still like the idea of planting a locomotive and gallery car on permanent display at San Jose’s Diridon Station as part of a transit museum. San Jose musician Gus Kambeitz is being a tuneful Santa Claus this season, with his jazzy Nineteen Big Band performing benefit concerts for two downtown theater companies. On Dec. 10, Nineteen will provide the tunes at City Lights Theatre Company for seven actors who’ve performed in “The Rocky Horror Show,” “Kinky Boots” and other City Lights musicals. Go to for tickets. Then, a week later on Dec. 17, Nineteen will be at San Jose Stage Company for its “Sounds of the Season Holiday Bash,” performing jazzy versions of holiday favorites along with some familiar San Jose Stage voices: Adrienne Herro, Allison F. Rich, Will Springhorn Jr. and Jonathan Rhys Williams. Tickets are available at . And if that’s not enough, vocalist Ren Geisick has two chances to at City Lights this month, bringing a mix of classic holiday tunes and originals on Dec. 8 and 15. After the 49ers last couple of games, you might be looking for a less stressful way to spend your Sunday afternoon than seeing if they can beat the Chicago Bears. If so, there is a trio of musical options on Dec. 8 — but they’re all at 3 p.m. at different South Bay venues. Related Articles The San Jose Metropolitan Band will be playing its “Holiday Spectacular” concert at the Hammer Theatre, the San Jose Wind Symphony has “Hollywood Holidays” at the McAfee Performing Arts Center in Saratoga, and the First Congregational Church of San Jose, at 1980 Hamilton Ave., is welcoming chamber orchestra Harmonia California for its Concerts on the Corner series (which will include the world premiere of Bay Area composer Alan Hebert’s “The Orchestra and the Orchard.”) Take your pick. If you don’t get to the First Congregational Church, though, you can always stop by Dec. 13 when it has its holiday program, “Carols on the Corner,” with the church’s Bell Choir, Chancel Choir and Family Band joined by guest musicians. Donations of non-perishable food items will benefit the Campbell United Church of Christ Food Pantry.
Trump's Republican Party is increasingly winning union voters. It's a shift seen in his labor pick WASHINGTON (AP) — Working-class voters helped Republicans make steady election gains this year and expanded a coalition that increasingly includes rank-and-file union members. It's a political shift spotlighting one of President-elect Donald Trump’s latest Cabinet picks: a GOP congresswoman, who has drawn labor support, to be his labor secretary. Oregon Rep. Lori Chavez-DeRemer narrowly lost her bid for a second term this month, despite strong backing from union members. They're a key part of the Democratic base but are gravitating in the Trump era toward a Republican Party traditionally allied with business interests. Trump raced to pick many Cabinet posts. He took more time to settle on a treasury secretary WASHINGTON (AP) — President-elect Donald Trump launched a blitz of picks for his Cabinet, but he took his time settling on billionaire investor Scott Bessent as his choice for treasury secretary. The Republican not only wanted someone who jibes with him, but an official who can execute his economic vision and look straight out of central casting while doing so. With his Yale University education and pedigree trading for Soros Fund Management before establishing his own funds, Bessent will be tasked with a delicate balancing act. Trump expects him to help reset the global trade order, enable trillions of dollars in tax cuts, ensure inflation stays in check, manage a ballooning national debt and still keep the financial markets confident. Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor WASHINGTON (AP) — President-elect Donald Trump has chosen hedge fund manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary. Bessent, 62, is founder of hedge fund Key Square Capital Management. He previously had worked on and off for Soros Fund Management since 1991. Trump also said he would nominate Russell Vought, 48, to lead the Office of Management and Budget, a position he held during Trump's first term. And Trump chose Rep. Lori Chavez-DeRemer, an Oregon Republican, as his labor secretary, and Scott Turner, a former football player who worked in Trump’s first administration, as his housing secretary. Afraid of losing the US-Canada trade pact, Mexico alters its laws and removes Chinese parts MEXICO CITY (AP) — Mexico has been taking a bashing for allegedly serving as a conduit for Chinese parts and products into North America. Officials here are terrified that a re-elected Donald Trump or politically struggling Justin Trudeau could simply expel their country from the U.S.-Mexico-Canada free trade agreement. Mexico's ruling Morena party is so afraid its has gone on a campaign to get companies to replace Chinese parts with locally made ones. And its legislators are consciously tweaking the wording of major laws to try to make them compatible with the trade pact's language. Mexico hopes the rules of the trade pact would prevent the U.S. or Canada from simply walking away. US budget airlines are struggling. Will pursuing premium passengers solve their problems? DALLAS (AP) — Delta and United Airlines have become the most profitable U.S. airlines by targeting premium customers while also winning a significant share of budget travelers. That is squeezing smaller low-fare carriers like Spirit Airlines, which filed for bankruptcy protection on Monday. Some travel industry experts think Spirit’s troubles indicate less-wealthy passengers will have fewer choices and higher prices. Other discount airlines are on better financial footing but also are lagging far behind the full-service airlines when it comes to recovering from the COVID-19 pandemic. Most industry experts think Frontier and other so-called ultra-low-cost carriers will fill the vacuum if Spirit shrinks, and that there's still plenty of competition to prevent prices from spiking. What to know about Scott Bessent, Trump's pick for treasury secretary WASHINGTON (AP) — President-elect Donald Trump has chosen money manager Scott Bessent, an advocate for deficit reduction and deregulation, to serve as his next treasury secretary. Bessent is a past supporter of Democrats who has become an enthusiastic supporter of Trump. He’s an advocate of cutting spending while extending the tax cuts approved by Congress in Trump’s first term. He has said tariffs imposed during a second Trump administration would be directed primarily at China. What to know about Lori Chavez-DeRemer, Trump's pick for labor secretary WASHINGTON (AP) — President-elect Donald Trump has named Oregon Rep. Lori Chavez-DeRemer to lead the Department of Labor, elevating a Republican congresswoman who has strong support from unions in her district but lost reelection in November. Chavez-DeRemer has a legislative record that has drawn plaudits from unions, but organized labor leaders remain skeptical about Trump's agenda for workers. Trump, in general, has not supported policies that make it easier for workers to organize. Chavez-DeRemer is a one-term congresswoman, having lost reelection in her competitive Oregon district earlier this month. She joins Secretary of State-designate Marco Rubio, the Florida senator, as the second Latino pick for Trump’s second Cabinet. Trump taps a Fox News personality, a surgeon and a former Congressman to lead public health agencies WASHINGTON (AP) — President-elect Donald Trump has nominated a critic of COVID-19 health measures to lead the Food and Drug Administration. Dr. Marty Makary came to national attention for opposing mask mandates and other steps during the pandemic. He is a surgeon, author and professor at Johns Hopkins University. Makary is the latest of a string of Trump nominees who are deeply critical of government health regulators and experts. If confirmed, Makary would be expected to report to anti-vaccine activist Robert F. Kennedy Jr., Trump’s pick to oversee the nation’s health agencies. Bitcoin ticks closer to $100,000 in extended surge following US elections NEW YORK (AP) — Bitcoin is jumping again, setting another new high above $99,000. The cryptocurrency has been shattering records almost daily since the U.S. presidential election, and has rocketed more than 40% higher in just two weeks. It's now at the doorstep of $100,000. Cryptocurrencies and related investments like crypto exchange-traded funds have rallied because the incoming Trump administration is expected to be more “crypto-friendly.” Still, as with everything in the volatile cryptoverse, the future is hard to predict. And while some are bullish, other experts continue to warn of investment risks. Supreme Court steps into fight over FCC's $8 billion subsidies for internet and phone services WASHINGTON (AP) — The Supreme Court has stepped into a major legal fight over the $8 billion a year the federal government spends to subsidize phone and internet services in schools, libraries and rural areas, in a new test of federal regulatory power. The justices on Friday agreed to review an appellate ruling that struck down as unconstitutional the Universal Service Fund. The Federal Communications Commission collects money from telecommunications providers, who then pass the cost on to their customers. The Biden administration appealed the lower court ruling, but the case probably won’t be argued until late March. At that point, the Trump administration will be in place and it is not clear whether it will take a different view of the issue.The right book can inspire the young readers in your life, from picture books to YA novels
American Assets Trust (NYSE:AAT) shareholders have endured a 22% loss from investing in the stock five years agoBuy 3 December Barron's Better Bet 'Safer' Dividend Dogs Of 23
Pixelated 033: Deep Dive into Android 15 QPR1 and the December Feature DropReevaluating Blake Lively: 'It Ends With Us' actress's legal complaint against Justin Baldoni puts misogyny in the spotlightAP Trending SummaryBrief at 5:37 p.m. EST
Christopher Nolan’s next film will be a star-studded adaptation of Homer’s ‘The Odyssey’ | CNN
Skattebo and Arizona State to the playoff after 45-19 win over Iowa State in Big 12 title game ARLINGTON, Texas (AP) — Big 12 newcomer Arizona State will represent the conference in the 12-team College Football Playoff. Cam Skattebo ran for 170 yards and two scores while adding a touchdown catch the 12th-ranked Sun Devils beat No. 16 Iowa State 45-19 in the Big 12 championship game. The Sun Devils with 34-year-old head coach Kenny Dillingham are 11-2 after being the preseason pick to finish at the bottom of their new 16-team league. They have won six games in a row. Iowa State is 10-3, already the first 10-win season in the program's 133-year history. Boise State makes the College Football Playoff as Big 12's 1st-round bye chances dim INDIANAPOLIS (AP) — The first big win in college football’s postseason goes to Boise State. The have Broncos captured the Mountain West Conference title and earned their spot in the sport’s first 12-team playoff. As for the losers, there was UNLV, which fell 21-7 to Heisman hopeful Ashton Jeanty and the Broncos in the conference title game. But more than that, it was the Big 12, which saw one path to a first-round bye in those playoffs blocked off by Jeanty and Company. Lindsey Vonn competes in a pair of downhills, another step on her comeback trail at the age of 40 COPPER MOUNTAIN, Colo. (AP) — Lindsey Vonn finished in the middle of the pack in a pair of lower-level downhill events as she competed for the first time in nearly six years. The 40-year-old Vonn is on the comeback trail after stepping away from the sport because of injuries. Vonn wasn't concerned with times and places in the races so much as getting used to the speed again and gaining the necessary points to compete on the World Cup circuit. Vonn accomplished both, finishing 24th in the first downhill race of the day and 27th in the second. She posted on social media after the FIS races she had enough points to enter World Cup events. Man City drops more points after draw with Crystal Palace and Man United loses again Manchester City’s Premier League title defense has taken another blow after a 2-2 draw with Crystal Palace. Four-time defending champion City ended a seven-game winless run on Wednesday by beating Nottingham Forest. But City has dropped more points on Saturday after the draw at Selhurst Park. It could have been worse for City after Palace led twice. Pep Guardiola’s team is fourth in the standings and eight points behind leader Liverpool. Liverpool has a game in hand after its derby with Everton was postponed due to a storm. Amber Glenn becomes first US woman in 14 years to win figure skating Grand Prix Final GRENOBLE, France (AP) — Amber Glenn has become the first American to win the women’s Grand Prix Final competition since Alissa Czisny 14 years ago. Glenn landed a triple axel on her way to a total score of 212.07 points to beat Japan's Mone Chiba and triple world champion Kaori Sakamoto. That continues a stunning breakout season at the age of 25 for Glenn. The U.S. could win two more titles later Saturday. Ilia Malinin leads the men’s event ahead of the free skate and Madison Chock and Evan Bates lead the ice dance. Norris takes pole for season-ending Abu Dhabi GP and Hamilton 18th in Mercedes farewell ABU DHABI, United Arab Emirates (AP) — Lando Norris took pole position for the last Formula 1 race of the season alongside teammate Oscar Piastri to put McLaren on the verge of a first constructors’ title in 26 years. Norris’ last lap put him .209 of a second faster than Piastri, with Ferrari’s Carlos Sainz Jr. .020 further back. Seven-time F1 champion Hamilton qualified 18th for his last race with Mercedes after a bizarre incident wrecked his final qualifying lap. A plastic pole marking the inside of a corner was knocked loose by Kevin Magnussen’s Haas and Hamilton drove over it. Big 12's Yormark brings up hard choices for fans before sparsely attended title game ARLINGTON, Texas (AP) — College football fans are facing some hard choices in the expanded playoff system with some teams set to play away from home multiple times. Big 12 Commissioner Brett Yormark raised that point before the sparsely attended title game between No. 12 Arizona State and 16th-ranked Iowa State. There were thousands of empty seats at the home of the Dallas Cowboys. Yormark says he remains committed to having a Big 12 title game. Besides the issues of fans, there have been suggestions that some leagues might be better off without title games as it relates to playoff hopes. Everton vs. Liverpool postponed because of Storm Darragh. Other Premier League games remain on LIVERPOOL, England (AP) — The Merseyside derby between Everton and Liverpool has been postponed because of Storm Darragh's dangerous winds and heavy rain on the west coast. The Met office says parts of Wales have experienced wind gusts of over 90 mph. The four other Premier League games Saturday remained on as planned. Manchester United will host Nottingham Forest at 5:30 p.m. local time at Old Trafford. The remaining games start at 3 p.m. local time. Aston Villa hosts Southampton and urged fans to use extra time to get to Villa Park in Birmingham. In London, Brentford will host Newcastle, and Crystal Palace will host Manchester City. Ashton Jeanty lets his play do the talking for CFP-bound Boise State BOISE, Idaho (AP) — After Ashton Jeanty streaked through the middle of UNLV’s defense on his way to a 75-yard touchdown run Friday night in the Mountain West Conference title game, he didn’t strike the Heisman pose. He didn’t even lobby for it after the game, instead letting his play do the talking in No. 10 Boise State's 21-7 victory over No. 19 UNLV 21-7. Jeanty added another 209 yards — his sixth game over 200 yards this season — to push his total to 2,497 — just 132 yards short of passing Barry Sanders’ FBS season rushing record. The Broncos earned a spot in the College Football Playoff with the victory. No. 24 Army wins AAC championship in first attempt as Daily runs for 4 TDs in 35-14 win over Tulane WEST POINT, N.Y. (AP) — Bryson Daily rushed for four touchdowns to tie the American Athletic Conference championship game record, and No. 24 Army completed a perfect first season in the league by beating Tulane 35-14. Kanye Udoh rushed for 158 yards, including a 72-yarder to set up a Daily TD, and a score. Daily added 126 yards on the ground for the Black Knights, who overwhelmed AAC opponents with their bruising, clock-eating rushing attack during their first around the league, then ran it to perfection in the championship game. Army moved to 11-1. Daily had runs of 5, 3, 4 and 7 yards.COP29 deal clinched, what are countries saying?
Nelson Bay d'Albora Marina has been earmarked for a significant upgrade, less than 18 months after being acquired by a $9-billion investment firm. Login or signup to continue reading MA Financial, which bought the chain of marinas for $225 million in 2023, is reviewing options for the site, which could include the demolition of existing structures on site and the construction of a hotel, retail and hospitality establishments, a boat maintenance workshop, and an outdoor and rooftop terrace. D'Albora Marina told the Newcastle Herald the process was in its earlier days and no decisions had been made. The company has flagged its intentions with the state government, lodging an application for a state government significant project, which is mandatory for developments with a capital investment of at least $30 million. D'Albora head of marketing David Joyce said the organisation is doing feasibility studies to investigate "possibilities and scope". "Nothing has been locked in by any means, we're looking at all options and possibilities for what could work well on the site," Mr Joyce told the Newcastle Herald . "It has such great potential and the marina is located in such a pivotal location within the township itself. Nelson Bay is such a community-driven area, and the marina has been a big part of that." The marina, which is located in the heart of the Nelson Bay central business district, has 196 wet berths for boats up to 35 metres, a boatyard, and several retail and hospitality businesses. MA Financial acquired the chain of 10 d'Albora marinas from Sydney-based Balmain Corporation in April 2023. Balmain acquired the bulk of the d'Albora portfolio, the largest marina group in Australia, from Dreamworld owner Ardent Leisure Group in 2016 for $126 million. It's understood MA Financial is considering upgrades across its other d'Albora sites, which now number 13. Newcastle Herald news director and business reporter. Interested in any and all yarns.Whisper g'day mate to me at jamieson.murphy@austcommunitymedia.com.au Newcastle Herald news director and business reporter. Interested in any and all yarns.Whisper g'day mate to me at jamieson.murphy@austcommunitymedia.com.au DAILY Today's top stories curated by our news team. Also includes evening update. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Get the latest property and development news here. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. Digging deep. 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Fresh daily!Financial Highlights : 4 th Quarter consolidated sales of $446.7 million; $1.80 billion for fiscal 2024 Outstanding debt reduced by $53.8 million during the quarter Cost reduction actions progressing well Company sets adjusted EBITDA guidance for fiscal 2025 Webcast: Friday, November 22, 2024, 9:00 a.m., (201) 689-8471 PITTSBURGH, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for the quarter and fiscal year ended September 30, 2024. In discussing the Company's results, Joseph C. Bartolacci, President and Chief Executive Officer, stated: "Our consolidated operating results for the fiscal 2024 fourth quarter reflected another quarter of solid performance by our core businesses and, consistent with prior quarters, was impacted by continuing customer delays in our energy business. Our previously announced cost reduction program is now underway, as evidenced by the charges reflected in our GAAP results this quarter, and progressing well. Overall, we were pleased with the consolidated operating results as we again demonstrated the resilience of Matthews and our employees in mitigating the challenges faced by one of our segments. For the year ended September 30, 2024, consolidated adjusted EBITDA was $205.2 million. "The Memorialization segment reported higher adjusted EBITDA for the current quarter despite lower unit volumes, which were related to a decline in U.S. deaths compared to a year ago. Ongoing cost control efforts combined with improved price realization were the key drivers in the improvement in operating margins. This segment has done a tremendous job of maintaining its level of performance over the past several years despite the declines in unit volume following the pandemic. "We are also pleased to report that our SGK Brand Solutions segment reported another consecutive quarter of year-over-year sales growth. This segment has stabilized nicely over the last two years with modest improvements in margins and is continuing its recovery following the global impacts of the pandemic and the European impact of the Russia-Ukraine war. Sales for the segment increased compared to a year ago primarily reflecting improved pricing to mitigate inflationary cost increases, higher sales for the merchandising and private label businesses, and growth in the Asia-Pacific market. "Sales for the Industrial Technologies segment for the fiscal 2024 fourth quarter declined from a year ago primarily resulting from further customer delays in our energy business. The current quarter also reflected a continued soft warehouse automation market; however, order rates have been improving recently which could bode well for a good recovery next fiscal year. "With respect to our cost reduction program, current quarter charges include non-cash goodwill impairment and other asset write-downs primarily in connection with our European operations, in addition to severance and other costs. The program is also targeting general and administrative cost reductions. For our fiscal 2024 fourth quarter, we reported another quarter of lower corporate and non-operating costs compared to a year ago. For the year, corporate and non-operating costs were approximately 5% lower than last year. "During the fiscal 2024 fourth quarter, we reduced our outstanding debt by $53.8 million. In addition, we completed the refinancing of outstanding senior notes due December 1, 2025. Due to current interest rates and the ongoing strategic review of our business portfolio, we opted for a shorter-term bond (three-year maturity) with an ability to call in one year. We are projecting higher operating cash flow next year as our working capital investments in fiscal 2024 begin to convert to operating cash flow, which will be partially mitigated by costs in connection with our cost reduction program. "Looking forward to fiscal 2025, we continue to face the uncertainty of project timing in our Industrial Technologies segment, specifically relating to our energy business. While we currently expect deliveries to be substantially completed during the year, quarterly timing is still difficult to forecast. Our cost reduction programs should mitigate some of this impact. "We expect another solid performance for our Memorialization business in fiscal 2025 as U.S. deaths appear to have generally normalized following COVID and we are projecting continued growth in our cremation-related products sales. Continued growth is also projected for our SGK Brand Solutions segment reflecting ongoing improvement in U.S. market conditions, more stable conditions in Europe, and further growth in the Asia-Pacific region. In the Industrial Technologies segment, our product identification business is projecting growth next year and we should start to realize benefits from the launch of a new printhead product, which is currently scheduled for the latter half of the fiscal year. Also, as noted earlier, recent improving order rates for warehouse automation solutions should support recovery in this business. With these considerations in mind, we remain cautious and are projecting adjusted EBITDA in the range of $205 million to $215 million for fiscal 2025. "Lastly, as growth opportunities for the Industrial Technologies segment continue to emerge, the Company has been exploring strategies with respect to its portfolio of businesses. Accordingly, we have retained J.P. Morgan to support the evaluation of potential strategic alternatives." Fourth Quarter Fiscal 2024 Consolidated Results (Unaudited) ($ in millions, except per share data) Q4 FY2024 Q4 FY2023 Change % Change Sales $ 446.7 $ 480.2 $ (33.5 ) (7.0)% Net (loss) income attributable to Matthews $ (68.2 ) $ 17.7 $ (85.9 ) NM Diluted (loss) earnings per share $ (2.21 ) $ 0.56 $ (2.77 ) NM Non-GAAP adjusted net income $ 16.6 $ 30.3 $ (13.7 ) (45.2)% Non-GAAP adjusted EPS $ 0.55 $ 0.96 $ (0.41 ) NM Adjusted EBITDA $ 58.1 $ 61.9 $ (3.8 ) (6.1)% Note: See the attached tables for additional important disclosures regarding Matthews' use of non-GAAP measures as well as reconciliations of non-GAAP measures to corresponding GAAP measures. Consolidated sales for the fiscal 2024 fourth quarter were $446.7 million, compared to $480.2 million for the fiscal 2023 fourth quarter, representing a decrease of $33.5 million. Net loss attributable to the Company for the quarter ended September 30, 2024 was $68.2 million, or $2.21 per share, compared to net income of $17.7 million, or $0.56 per share, for the same quarter last year. On a non-GAAP adjusted basis, earnings for the fiscal 2024 fourth quarter were $0.55 per share, compared to $0.96 per share a year ago. The net loss on a GAAP basis in the current fiscal quarter primarily reflected asset write-downs, including a goodwill impairment charge, and charges in connection with cost reduction programs. Adjusted EBITDA (net income before interest expense, income taxes, depreciation and amortization, and other adjustments) for the fiscal 2024 fourth quarter was $58.1 million, compared to $61.9 million a year ago, primarily reflecting lower adjusted EBITDA in the Industrial Technologies segment. Fiscal 2024 Consolidated Results (Unaudited) ($ in millions, except per share data) YTD FY2024 YTD FY2023 Change % Change Sales $ 1,795.7 $ 1,880.9 $ (85.2 ) (4.5)% Net (loss) income attributable to Matthews $ (59.7 ) $ 39.3 $ (99.0 ) NM Diluted (loss) earnings per share $ (1.93 ) $ 1.26 $ (3.19 ) NM Non-GAAP adjusted net income $ 67.0 $ 90.1 $ (23.1 ) (25.6)% Non-GAAP adjusted EPS $ 2.17 $ 2.88 $ (0.71 ) (24.7)% Adjusted EBITDA $ 205.2 $ 225.8 $ (20.6 ) (9.1)% Note: See the attached tables for additional important disclosures regarding Matthews' use of non-GAAP measures as well as reconciliations of non-GAAP measures to corresponding GAAP measures. Consolidated sales for the year ended September 30, 2024 were $1.80 billion, compared to $1.88 billion a year ago, representing a decrease of $85.2 million, or 4.5%, from the prior year. Net loss attributable to the Company for the year ended September 30, 2024 was $59.7 million ($1.93 per share), compared to net income of $39.3 million ($1.26 per share) for fiscal 2023. On a non-GAAP adjusted basis, earnings for the year ended September 30, 2024 were $2.17 per share, compared to $2.88 per share last year. The net loss on a GAAP basis for the current fiscal year primarily resulted from asset write-downs, including a goodwill impairment charge, and charges in connection with cost reduction programs. Adjusted EBITDA for the year ended September 30, 2024, was $205.2 million, compared to $225.8 million a year ago. The decrease reflected lower adjusted EBITDA for the Industrial Technologies and Memorialization segments, offset partially by higher adjusted EBITDA for SGK Brand Solutions and lower corporate and other non-operating costs. Webcast The Company will host a conference call and webcast on Friday, November 22, 2024, at 9:00 a.m. Eastern Time to review its financial and operating results and discuss its corporate strategies and outlook. A question-and-answer session will follow. The conference call can be accessed by dialing (201) 689-8471. The audio webcast can be monitored at www.matw.com . As soon as available after the call, a transcript of the call will be posted on the Investor Relations section of the Company's website at www.matw.com . About Matthews International Corporation Matthews International Corporation is a global provider of memorialization products, industrial technologies, and brand solutions. The Memorialization segment is a leading provider of memorialization products, including memorials, caskets, cremation-related products, and cremation and incineration equipment, primarily to cemetery and funeral home customers that help families move from grief to remembrance. 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 is a leading provider of packaging solutions and brand experiences, helping companies simplify their marketing, amplify their brands and provide value. The Company has over 11,000 employees in more than 30 countries on six continents that are committed to delivering the highest quality products and services. Forward-looking Information Any forward-looking statements contained in this release are included pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, beliefs, intentions or strategies of the Company regarding the future, and may be identified by the use of words such as "expects," "believes," "intends," "projects," "anticipates," "estimates," "plans," "seeks," "forecasts," "predicts," "objective," "targets," "potential," "outlook," "may," "will," "could" or the negative of these terms, other comparable terminology and variations thereof. Such forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to be materially different from management's expectations, and no assurance can be given that such expectations will prove correct. Factors that could cause the Company's results to differ materially from the results discussed in such forward-looking statements principally include changes in domestic or international economic conditions, changes in foreign currency exchange rates, changes in interest rates, changes in the cost of materials used in the manufacture of the Company's products, any impairment of goodwill or intangible assets, environmental liability and limitations on the Company's operations due to environmental laws and regulations, disruptions to certain services, such as telecommunications, network server maintenance, cloud computing or transaction processing services, provided to the Company by third-parties, changes in mortality and cremation rates, changes in product demand or pricing as a result of consolidation in the industries in which the Company operates, or other factors such as supply chain disruptions, labor shortages or labor cost increases, changes in product demand or pricing as a result of domestic or international competitive pressures, ability to achieve cost-reduction objectives, unknown risks in connection with the Company's acquisitions and divestitures, cybersecurity concerns and costs arising with management of cybersecurity threats, effectiveness of the Company's internal controls, compliance with domestic and foreign laws and regulations, technological factors beyond the Company's control, impact of pandemics or similar outbreaks, or other disruptions to our industries, customers, or supply chains, the impact of global conflicts, such as the current war between Russia and Ukraine, the outcome of the Company's dispute with Tesla, Inc. ("Tesla"), and other factors described in the Company's Annual Report on Form 10-K and other periodic filings with the U.S. Securities and Exchange Commission. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (In thousands, except per share data) Three Months Ended September 30, Year Ended September 30, 2024 2023 % Change 2024 2023 % Change Sales $ 446,695 $ 480,168 (7.0 )% $ 1,795,737 $ 1,880,896 (4.5 )% Cost of sales (329,360 ) (329,354 ) — % (1,266,030 ) (1,303,224 ) (2.9 )% Gross profit 117,335 150,814 (22.2 )% 529,707 577,672 (8.3 )% Gross margin 26.3 % 31.4 % 29.5 % 30.7 % Selling and administrative expenses (141,156 ) (113,931 ) 23.9 % (488,280 ) (447,487 ) 9.1 % Intangible amortization (9,232 ) (10,569 ) (12.7 )% (37,023 ) (42,068 ) (12.0 )% Goodwill write-downs (16,727 ) — 100.0 % (16,727 ) — 100.0 % Operating (loss) profit (49,780 ) 26,314 NM (12,323 ) 88,117 (114.0 )% Operating margin (11.1) % 5.5 % (0.7) % 4.7 % Interest and other, net (17,701 ) (10,983 ) 61.2 % (57,334 ) (47,207 ) 21.5 % (Loss) income before income taxes (67,481 ) 15,331 NM (69,657 ) 40,910 NM Income taxes (680 ) 2,362 (128.8 )% 9,997 (1,774 ) NM Net (loss) income (68,161 ) 17,693 NM (59,660 ) 39,136 NM Non-controlling interests — 30 (100.0 )% — 155 (100.0 )% Net (loss) income attributable to Matthews $ (68,161 ) $ 17,723 NM $ (59,660 ) $ 39,291 NM (Loss) earnings per share -- diluted $ (2.21 ) $ 0.56 NM $ (1.93 ) $ 1.26 NM Earnings per share -- non-GAAP (1) $ 0.55 $ 0.96 NM $ 2.17 $ 2.88 (24.7 )% Dividends declared per share $ 0.24 $ 0.23 4.3 % $ 0.96 $ 0.92 4.3 % Diluted shares 30,910 31,517 30,913 31,289 (1) See reconciliation of non-GAAP financial information provided in tables at the end of this release NM: Not meaningful SEGMENT INFORMATION (Unaudited) (In thousands) Three Months Ended September 30, Year Ended September 30, 2024 2023 2024 2023 Sales: Memorialization $ 196,840 $ 204,878 $ 829,731 $ 842,997 Industrial Technologies 113,915 140,561 433,156 505,751 SGK Brand Solutions 135,940 134,729 532,850 532,148 $ 446,695 $ 480,168 $ 1,795,737 $ 1,880,896 Adjusted EBITDA: Memorialization $ 40,535 $ 36,890 $ 162,586 $ 163,986 Industrial Technologies 15,870 23,470 39,716 66,278 SGK Brand Solutions 17,303 17,512 61,620 57,128 Corporate and Non-Operating (15,579 ) (15,989 ) (58,765 ) (61,583 ) Total Adjusted EBITDA (1) $ 58,129 $ 61,883 $ 205,157 $ 225,809 (1) See reconciliation of non-GAAP financial information provided in tables at the end of this release CONDENSED CONSOLIDATED BALANCE SHEET INFORMATION (Unaudited) (In thousands) September 30, 2024 September 30, 2023 ASSETS Cash and cash equivalents $ 40,816 $ 42,101 Accounts receivable, net 205,984 207,526 Inventories, net 237,888 260,409 Other current assets 147,855 138,221 Total current assets 632,543 648,257 Property, plant and equipment, net 279,499 270,326 Goodwill 697,123 698,109 Other intangible assets, net 126,026 160,478 Other long-term assets 99,699 110,211 Total assets $ 1,834,890 $ 1,887,381 LIABILITIES Long-term debt, current maturities $ 6,853 $ 3,696 Other current liabilities 427,922 390,904 Total current liabilities 434,775 394,600 Long-term debt 769,614 786,484 Other long-term liabilities 193,295 181,016 Total liabilities 1,397,684 1,362,100 SHAREHOLDERS' EQUITY Total shareholders' equity 437,206 525,281 Total liabilities and shareholders' equity $ 1,834,890 $ 1,887,381 CONDENSED CONSOLIDATED CASH FLOWS INFORMATION (Unaudited) (In thousands) Year Ended September 30, 2024 2023 Cash flows from operating activities: Net (loss) income $ (59,660 ) $ 39,136 Adjustments to reconcile net (loss) income to net cash provided by operating activities: Depreciation and amortization 94,770 96,530 Changes in working capital items 14,696 (35,503 ) Goodwill write-downs 16,727 — Other operating activities 12,749 (20,639 ) Net cash provided by operating activities 79,282 79,524 Cash flows from investing activities: Capital expenditures (45,218 ) (50,598 ) Acquisitions, net of cash acquired (5,825 ) (15,341 ) Other investing activities 4,075 7,214 Net cash used in investing activities (46,968 ) (58,725 ) Cash flows from financing activities: Net (payments) proceeds from long-term debt (31,338 ) (18,224 ) Purchases of treasury stock (20,574 ) (2,857 ) Dividends (31,409 ) (28,202 ) Other financing activities 48,278 (912 ) Net cash used in financing activities (35,043 ) (50,195 ) Effect of exchange rate changes on cash 1,444 83 Net change in cash, cash equivalents and restricted cash $ (1,285 ) $ (29,313 ) Reconciliations of Non-GAAP Financial Measures Included in this report are measures of financial performance that are not defined by GAAP, including, without limitation, adjusted EBITDA, adjusted net income and EPS, constant currency sales, constant currency adjusted EBITDA, net debt and net debt leverage ratio. The Company defines net debt leverage ratio as outstanding debt (net of cash) relative to adjusted EBITDA. The Company uses non-GAAP financial measures to assist in comparing its performance on a consistent basis for purposes of business decision-making by removing the impact of certain items that management believes do not directly reflect the Company's core operations including acquisition and divestiture costs, ERP integration costs, strategic initiative and other charges (which includes non-recurring charges related to certain commercial and operational initiatives and exit activities), stock-based compensation and the non-service portion of pension and postretirement expense. Constant currency sales and constant currency adjusted EBITDA remove the impact of changes due to foreign exchange translation rates. To calculate sales and adjusted EBITDA on a constant currency basis, amounts for periods in the current fiscal year are translated into U.S. dollars using exchange rates applicable to the comparable periods of the prior fiscal year. Management believes that presenting non-GAAP financial measures is useful to investors because it (i) provides investors with meaningful supplemental information regarding financial performance by excluding certain items that management believes do not directly reflect the Company's core operations, (ii) permits investors to view performance using the same tools that management uses to budget, forecast, make operating and strategic decisions, and evaluate historical performance, and (iii) otherwise provides supplemental information that may be useful to investors in evaluating the Company's results. The Company's calculations of its non-GAAP financial measures, however, may not be comparable to similarly titled measures reported by other companies. The Company believes that the presentation of these non-GAAP financial measures, when considered together with the corresponding GAAP financial measures and the reconciliations to those measures, provided herein, provide investors with an additional understanding of the factors and trends affecting the Company's business that could not be obtained absent these disclosures. ADJUSTED EBITDA RECONCILIATION (Unaudited) (In thousands) Three Months Ended September 30, Year Ended September 30, 2024 2023 2024 2023 Net (loss) income $ (68,161 ) $ 17,693 $ (59,660 ) $ 39,136 Income tax provision (benefit) 680 (2,362 ) (9,997 ) 1,774 (Loss) income before income taxes $ (67,481 ) $ 15,331 $ (69,657 ) $ 40,910 Net loss attributable to noncontrolling interests — 30 — 155 Interest expense, including RPA and factory financing fees (1) 14,825 12,746 55,364 48,690 Depreciation and amortization * 24,329 24,717 94,770 96,530 Acquisition and divestiture related items (2) ** 11 848 5,576 5,293 Strategic initiatives and other charges (3) ** † 48,458 6,168 65,586 13,923 Highly inflationary accounting impacts (primarily non-cash) (4) 132 (1,714 ) 1,027 1,360 Goodwill and asset write-downs (5) 33,574 — 33,574 — Stock-based compensation 4,169 3,673 18,478 17,308 Non-service pension and postretirement expense (6) 112 84 439 1,640 Total Adjusted EBITDA $ 58,129 $ 61,883 $ 205,157 $ 225,809 Adjusted EBITDA margin 13.0 % 12.9 % 11.4 % 12.0 % (1) Includes fees for receivables sold under the RPA and factoring arrangements totaling $1,192 and $1,284 for the three months ended September 30, 2024 and 2023 , respectively, and $4,830 and $4,042 for the fiscal years ended September 30, 2024 and 2023 , respectively. (2) Includes certain non-recurring costs associated with recent acquisition and divestiture activities, and also includes a gain of $1,827 for the three months and fiscal year ended September 30, 2023 related to the divestiture of a business in the Industrial Technologies segment. (3) Includes certain non-recurring costs associated with commercial, operational and cost-reduction initiatives and costs associated with global ERP system integration efforts. Fiscal 2024 also includes legal costs related to an ongoing dispute with Tesla, which totaled $4,261 and $12,399 for the three months and fiscal year ended September 30, 2024, respectively. Fiscal 2023 includes loss recoveries totaling $2,154 for the fiscal year ended September 30, 2023, which were related to a previously disclosed theft of funds by a former employee initially identified in fiscal 2015. (4) Represents exchange gains and losses associated with highly inflationary accounting related to the Company's Turkish subsidiaries. (5) Fiscal 2024 includes goodwill write-downs within the Industrial Technologies segment of $16,727 , asset write-downs within the Memorialization segment of $13,716 , and investment write-downs within Corporate and Non-operating of $3,131 . (6) 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. * Depreciation and amortization was $7,368 and $6,646 for the Memorialization segment, $6,028 and $5,600 for the Industrial Technologies segment, $9,724 and $11,299 for the SGK Brand Solutions segment, and $1,209 and $1,172 for Corporate and Non-Operating, for the three months ended September 30, 2024 and 2023, respectively. Depreciation and amortization was $27,768 and $23,738 for the Memorialization segment, $23,772 and $23,184 for the Industrial Technologies segment, $38,667 and $44,842 for the SGK Brand Solutions segment, and $4,563 and $4,766 for Corporate and Non-Operating, for the fiscal years ended September 30, 2024 and 2023, respectively. ** Acquisition costs, ERP integration costs, non-recurring/incremental COVID-19 costs, and strategic initiatives and other charges were $1,309 and $22 for the Memorialization segment, $40,069 and $614 for the Industrial Technologies segment, $307 and $3,878 for the SGK Brand Solutions segment, and $6,784 and $2,502 for Corporate and Non-Operating, for the three months ended September 30, 2024 and 2023, respectively. Acquisition costs, ERP integration costs, non-recurring/incremental COVID-19 costs, and strategic initiatives and other charges were $3,514 and $1,002 for the Memorialization segment, $54,357 and $4,108 for the Industrial Technologies segment, $3,001 and $10,905 for the SGK Brand Solutions segment, and $10,290 and $3,201 for Corporate and Non-Operating, for the fiscal years ended September 30, 2024 and 2023, respectively. † Strategic initiatives and other charges includes charges for exit and disposal activities (including severance and other employee termination benefits) totaling $41,353 and $6,003 for the three months ended September 30, 2024 and 2023, respectively. $29,283, $1,492, and $10,578 were presented in cost of sales, selling expense, and administrative expense for the three months ended September 30, 2024, respectively. Charges of $4,925 and $1,429, and a credit of $351 were presented in cost of sales, selling expense, and administrative expense for the three months ended September 30, 2023, respectively. Strategic initiatives and other charges includes charges for exit and disposal activities (including severance and other employee termination benefits) totaling $45,705 and $13,210 for the fiscal years ended September 30, 2024 and 2023, respectively. $32,526, $1,379 and $11,800 were presented in cost of sales, selling expense, and administrative expense for the fiscal year ended September 30, 2024, respectively. $9,028, $1,925 and $2,257 were presented in cost of sales, selling expense, and administrative expense for the fiscal year ended September 30, 2023, respectively. Accrued severance and other employee termination benefits totaled $42,245 and $7,321 as of September 30, 2024 and 2023, respectively. ADJUSTED NET INCOME AND EPS RECONCILIATION (Unaudited) (In thousands, except per share data) Three Months Ended September 30, Year Ended September 30, 2024 2023 2024 2023 per share per share per share per share Net income (loss) attributable to Matthews $ (68,161 ) $ (2.21 ) $ 17,723 $ 0.56 $ (59,660 ) $ (1.93 ) $ 39,291 $ 1.26 Acquisition and divestiture items (1) 837 0.03 1,626 0.05 4,873 0.16 4,874 0.15 Strategic initiatives and other charges (2) 41,261 1.35 4,702 0.15 57,073 1.85 11,771 0.38 Highly inflationary accounting impacts (primarily non-cash) (3) 132 — (1,714 ) (0.05 ) 1,027 0.03 1,360 0.04 Goodwill and asset write-downs (4) 32,784 1.06 — — 32,784 1.06 — — Non-service pension and postretirement expense (5) 83 — 63 — 329 0.01 1,230 0.04 Intangible amortization expense 6,924 0.23 7,927 0.25 27,767 0.90 31,551 1.01 Tax-related (6) 2,703 0.09 — — 2,839 0.09 — — Adjusted net income $ 16,563 $ 0.55 $ 30,327 $ 0.96 $ 67,032 $ 2.17 $ 90,077 $ 2.88 Note: Adjustments to net income for non-GAAP reconciling items were calculated using an income tax rate of 7.4% and 26.9%, for the three months ended September 30, 2024 and 2023 , respectively, and 11.5% and 25.7% for the fiscal year ended September 30, 2024 and 2023 , respectively. The difference between the Company's income tax rates on adjusted net income for fiscal 2024 compared to fiscal 2023 was primarily caused by the foreign net operating losses with full valuation allowances and nondeductible goodwill impairment charges in the current fiscal year. (1) Includes certain non-recurring costs associated with recent acquisition and divestiture activities, and also includes a gain in fiscal year 2023 related to the divestiture of a business in the Industrial Technologies segment. (2) Includes certain non-recurring costs associated with commercial, operational and cost-reduction initiatives, and costs associated with global ERP system integration efforts. Fiscal 2024 also includes legal costs related to an ongoing dispute with Tesla, which totaled $4,261 and $12,399 for the three months and fiscal year ended September 30, 2024, respectively. Fiscal 2023 includes loss recoveries totaling $2,154 for the fiscal year ended September 30, 2023, which were related to a previously disclosed theft of funds by a former employee initially identified in fiscal 2015. (3) Represents exchange gains and losses associated with highly inflationary accounting related to the Company's Turkish subsidiaries (4) Fiscal 2024 includes goodwill write-downs within the Industrial Technologies segment, asset write-downs within the Memorialization segment , and investment write-downs within Corporate and Non-operating. (5) 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. (6) The three months and fiscal year ended September 30, 2024 includes $2,703 of tax-related items incurred in connection with restructuring that resulted in a deferred tax asset write-off. Fiscal 2024 includes $136 of tax-related items incurred in connection with the derecognition of deferred tax assets for a joint venture that is being terminated. CONSTANT CURRENCY SALES AND ADJUSTED EBITDA RECONCILIATION (Unaudited) (In thousands) Memorialization Industrial Technologies SGK Brand Solutions Corporate and Non-Operating Consolidated Reported sales for the quarter ended September 30, 2024 $ 196,840 $ 113,915 $ 135,940 $ — $ 446,695 Changes in foreign exchange translation rates (107 ) (783 ) 237 — (653 ) Constant currency sales for the quarter ended September 30, 2024 $ 196,733 $ 113,132 $ 136,177 $ — $ 446,042 Reported sales for the year ended September 30, 2024 $ 829,731 $ 433,156 $ 532,850 $ — $ 1,795,737 Changes in foreign exchange translation rates (362 ) (4,060 ) 3,110 — (1,312 ) Constant currency sales for the year ended September 30, 2024 $ 829,369 $ 429,096 $ 535,960 $ — $ 1,794,425 Reported adjusted EBITDA for the quarter ended September 30, 2024 $ 40,535 $ 15,870 $ 17,303 $ (15,579 ) $ 58,129 Changes in foreign exchange translation rates 17 (76 ) (187 ) 29 (217 ) Constant currency adjusted EBITDA for the quarter ended September 30, 2024 $ 40,552 $ 15,794 $ 17,116 $ (15,550 ) $ 57,912 Reported adjusted EBITDA for the year ended September 30, 2024 $ 162,586 $ 39,716 $ 61,620 $ (58,765 ) $ 205,157 Changes in foreign exchange translation rates 139 (367 ) 113 82 (33 ) Constant currency adjusted EBITDA for the year ended September 30, 2024 $ 162,725 $ 39,349 $ 61,733 $ (58,683 ) $ 205,124 NET DEBT RECONCILIATION (Unaudited) (In thousands) September 30, 2024 September 30, 2023 Long-term debt, current maturities $ 6,853 $ 3,696 Long-term debt 769,614 786,484 Total long-term debt 776,467 790,180 Less: Cash and cash equivalents (40,816 ) (42,101 ) Net Debt $ 735,651 $ 748,079 Adjusted EBITDA $ 205,157 $ 225,809 Net Debt Leverage Ratio 3.6 3.3 Matthews International Corporation Corporate Office Two NorthShore Center Pittsburgh, PA 15212-5851 Phone: (412) 442-8200 November 21, 2024 Contact: Steven F. Nicola Chief Financial Officer and Secretary © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
You Have Two More Days to Nab These Best Buy Flash Holiday Sale Deals Before They’re GoneThe Mumbai Police received death threats against Prime Minister Narendra Modi on Saturday while the Samajwadi Party announced that it was quitting the Maha Vikas Aghadi alliance in Maharashtra. An ISKCON temple was set ablaze in Dhaka amid continued communal unrest in Bangladesh. Meanwhile the stock market indices logged their best week in six months after RBI cuts CRR by 50 bps. PM Modi threatened The Mumbai Police received a threat message against Prime Minister Narendra Modi on Saturday via WhatsApp. The text was sent to the traffic police helpline and mentioned two ISI agents and a plot to carry out a bomb blast to target Modi. The development comes less than two weeks after the Mumbai Police received an anonymous call threatening to assassinate the senior politician. Bangladesh unrest An ISKCON temple in Dhaka district was set ‘ablaze’ early on Saturday. Officials based out of Kolkata indicated that deities of Sri Sri Laxmi Narayan and all items inside the ISKCON Namhatta Centre were 'burned down completely'. Samajwadi Party quits MVA The Samajwadi Party pulled out of the Maha Vikas Aghadi alliance in Maharashtra on Saturday over ‘communal’ jibes from the allied Shiv Sena (UBT). Controversy arose earlier this week after MLC Milind Narvekar — a close aide of Uddhav Thackeray — hailed the demolition of the Babri Masjid and a newspaper advert congratulating those behind the incident. The Shiv Sena (UBT) secretary also posted images of Uddhav Thackeray, Aaditya Thackeray and himself alongside the endorsement message. Syria crisis Syrian rebels entered the key city of Homs from the north and east on Saturday — days after capturing Hama. Insurgents — led by the jihadi Hayat Tahrir al-Sham group — said they had seized most of the south. Meanwhile government forces dug in to defend the key central city of Homs in a bid to try and save the 24-year rule of President Bashar al-Assad. The militants now plan to march towards Damascus — the seat of power for Assad. Sensex, Nifty soar Domestic equity benchmarks Sensex and Nifty 50 logged their best week since June in the previous session. The surge was mainly due to financials after the Reserve Bank of India boosted liquidity by cutting the cash reserve ratio by 50 basis points in its December monetary policy committee meeting. (With inputs from agencies)None
GREENSBORO, N.C. (AP) — Ryan Forrest's 30 points led N.C. A&T over North Carolina Central 85-72 on Saturday. Forrest shot 12 of 18 from the field, including 2 for 4 from 3-point range, and went 4 for 7 from the line for the Aggies (4-10). Landon Glasper scored 25 points while going 7 of 17 from the floor, including 5 for 12 from 3-point range, and 6 for 6 from the line. Jahnathan Lamothe went 3 of 7 from the field (1 for 4 from 3-point range) to finish with nine points, while adding eight rebounds. The Aggies stopped an eight-game skid with the win. Po'Boigh King finished with 21 points for the Eagles (6-10). Keishon Porter added 11 points and seven rebounds for North Carolina Central. Dionte Johnson also recorded 11 points. N.C. A&T took the lead with 1:28 remaining in the first half and never looked back. The score was 46-39 at halftime, with Glasper racking up 18 points. Forrest scored 18 points in the second half to help lead the way as N.C. A&T went on to secure a victory, outscoring North Carolina Central by six points in the second half. NEXT UP Up next for N.C. A&T is a matchup Thursday with Elon at home. North Carolina Central hosts Saint Andrews (NC) on Tuesday. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .