Income Statement

v3.19.2
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Sales $ 379,294 $ 411,621 $ 1,144,871 $ 1,195,136
Cost of sales (242,116) (259,006) (745,001) (760,428)
Gross profit 137,178 152,615 399,870 434,708
Selling expense (32,857) (36,000) (102,238) (110,108)
Administrative expense (65,087) (68,961) (200,346) (211,451)
Intangible amortization (9,543) (8,334) (27,165) (23,264)
Operating profit 29,691 39,320 70,121 89,885
Investment income 655 538 1,394 931
Interest expense (10,508) (9,719) (31,068) (26,782)
Other income (deductions), net (1,425) (1,482) (3,416) (5,162)
Income before income taxes 18,413 28,657 37,031 58,872
Income tax (provision) benefit (3,989) (4,312) (4,429) 18,703
Net income 14,424 24,345 32,602 77,575
Net loss attributable to noncontrolling interests 205 69 541 201
Net income attributable to Matthews shareholders $ 14,629 $ 24,414 $ 33,143 $ 77,776
Earnings per share attributable to Matthews shareholders:        
Basic (in dollars per share) $ 0.47 $ 0.77 $ 1.05 $ 2.45
Diluted (in dollars per share) $ 0.46 $ 0.77 $ 1.05 $ 2.44

Source