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Matthews INTERNATIONAL Matthews International Corporation Corporate Office Two NorthShore Center Pittsburgh , PA 15212-5851 Phone : ( 412 ) 442-8200 July 29 , 2021 ● ● NEWS RELEASE ● Contact : Steven F. Nicola Chief Financial Officer and Secretary Financial Highlights : Record quarterly sales of $ 428.4 million ; 19.2 % increase over 3rd quarter last year All segments report higher sales ; businesses begin to see recovery from COVID impacts Net income of $ 3.4 million ( $ 0.10 per share ) ; adjusted net income of $ 29.3 million ( $ 0.91 per share ) William D. Wilson Senior Director , Corporate Development MATTHEWS INTERNATIONAL REPORTS RESULTS FOR FISCAL 2021 THIRD QUARTER Adjusted EBITDA of $ 60.0 million compared to $ 49.4 million a year ago ; increase of 21.5 % Company further reduces net debt leverage ratio Company raises fiscal 2021 outlook PITTSBURGH , PA , July 29 , 2021 - Matthews International Corporation ( NASDAQ GSM : MATW ) today announced financial results for its third quarter of fiscal 2021 and nine months ended June 30 , 2021 . In discussing the results for the Company's fiscal 2021 third quarter , Joseph C. Bartolacci , President and Chief Executive Officer , stated : " Our fiscal 2021 third quarter operating results again demonstrated the strength of our Company through the diversity of our businesses and the benefits of the investments that we have made over the last several years . I again want to recognize the tremendous efforts of our employees during this challenging pandemic . The Company's outstanding performance would not be possible without their hard work and commitment . The safety of our employees remains the top priority of our Board and leadership team . " All of our segments reported higher sales than a year ago resulting in a new quarterly consolidated sales record for our Company . This performance reflected a combination of growth from our core businesses and significant contributions from our more recent investments and opportunities . " Sales for the SGK Brand Solutions segment increased $ 33.9 million ( or 20.5 % ) to $ 199.7 million for the current quarter compared to $ 165.8 million for the same quarter a year ago . Sales for the energy solutions portion of this segment were significantly higher than a year ago and our order levels continue to grow . In addition , core brand packaging sales were higher for the current quarter , particularly in our European and Asia - Pacific markets . We were also encouraged by higher retail - based sales as these businesses started to show signs of recovery from the impacts of the pandemic .