Matthews International saw a Fourth quarter decline in Earnings

Matthews International has reported 23% loss in earnings for  the fourth quarter. This is another nail in the funeral Industrys coffin. The bottom line for Matthews and the entire industry is that people are buying less expensive on Funeral Goods.

According to Forbes:

“Matthews International Corp., which makes memorial plaques, caskets and other products for the funeral industry, said Thursday its fiscal fourth-quarter earnings fell 23 percent, mostly due to charges related to a consolidation of some production plants.

via www.forbes.com

But Matthews also said that sales were hurt as more customers continued to choose less-expensive products.”

Funeral Industry| Funeral Blog  by Your Guy

Matthews International makes high end funeral plaques and distributes York Caskets.

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Tags: blog, funeral, funeral goods, funeral industry, Mathhews International, Matthews International Corp, Matthews International Corporation, york caskets, your funeral guy

This entry was posted on Monday, November 16th, 2009 at 9:59 am and is filed under York Casket Company. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.