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Matthews International MATW SGK Brand Solutions — Non cash impairment charge
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Where this comes from
Reported directly by Matthews International in its filing.
Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.
The source filing: Matthews International’s 10-K, filed November 21, 2025.
- Filed
- Nov 21, 2025
- Fiscal year
- FY2025
- Accession
- 0000063296-25-000070
| (1) Includes certain non-recurring items associated with recent acquisition and divestiture activities, and also includes a loss of $2,072 for the fiscal year ended September 30, 2025 related to the divestiture of a business in the Industrial Technologies segment (See Note 23, "Acquisitions and Divestitures). Fiscal 2023 includes a gain of $1,827 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. Also includes legal costs related to an ongoing dispute with Tesla, which totaled $22,166 and $12,399 for the fiscal years ended September 30, 2025 and 2024, respectively (See Note 20, "Commitments and Contingent Liabilities"). Fiscal 2025 includes costs related to the Company's 2025 contested proxy which totaled $5,109. Fiscal 2025 includes $8,000 of expense related to the settlement of a contractual licensing matter within the Memorialization segment (See Note 20, "Commitments and Contingent Liabilities"). Fiscal 2025 includes net gains on the sales of certain significant property and other assets of $3,556. Fiscal 2025 and 2023 include loss recoveries totaling $1,708 and $2,154, respectively, 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. |
| (4) Fiscal 2025 includes asset write-downs within the Brand Solutions segment of $7,911 (see Note 25, "Asset Write-Downs"). Fiscal 2024 includes goodwill write-downs within the Industrial Technologies segment of $16,727 (see Note 24, "Goodwill and Other Intangible Assets"), asset write-downs within the Memorialization segment of $13,716 (see Note 25, "Asset Write-Downs"), and investment write-downs within Corporate and Non-operating of $3,131 (see Note 8, "Investments"). |
| (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) Includes fees for receivables sold under the RPA and factoring arrangements totaling $3,920, $4,830 and $4,042 for the fiscal years ended September 30, 2025, 2024 and 2023, respectively. |
| (7) Represents the Company's portion of depreciation, intangible amortization, interest expense, and other items incurred by Propelis (see Note 8, "Investments" for further information with respect to the equity-method investment in Propelis). |
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.
FAQ
- What is Matthews International's SGK brand solutions — non cash impairment charge?
- Matthews International (MATW) reported SGK brand solutions — non cash impairment charge of $7.91M in Q3 2025.
- What does SGK brand solutions — non cash impairment charge mean?
- Measures the reduction in the carrying value of assets within the brand solutions segment that are deemed to have lost value, without an immediate cash outflow. Frequent or large charges may indicate declining asset utility or overvaluation of previous investments.
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