Matthews international reports q4 loss per share of $2.28

Matthews international reports results for fourth quarter and fiscal year ended september 30, 2019.q4 loss per share $2.28.q4 sales $392.4 million versus refinitiv ibes estimate of $385.2 million.q4 earnings per share estimate $1.02 -- refinitiv ibes data.q4 adjusted non-gaap earnings per share $1.01.matthews international - recorded goodwill write-down of $78 million in q4.matthews- delayed orders in industrial technologies unit, other factors, impacted current quarter relative co's expectations.matthews international - currently projecting fy 2020 non-gaap adjusted eps growth in mid-single digit percentage range over fiscal 2019.expect cost structure efforts to modestly contribute to fiscal 2020 results..matthews - sees modest revenue growth for the sgk brand solutions segment in fy 2020 due to improving u.s. market conditions, recent order.matthews- unfavorable currency rate changes & brand client account loss early in the year continued to unfavorably impact y-o-y comparability into q4.matthews- as a result of continued challenging market conditions, co initiated strategic evaluation during quarter.matthews - see annual cost savings of at least $25 million from cost structure improvements.
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