v3.26.1
Segment Information (Tables)
 9 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Information About the Company's Segments
The following tables present sales and significant expense categories that align with the segment-level information that is regularly provided to the CODM. Information about the Company's reportable segments follows:
Note 15.   Segment Information (continued)
Three Months Ended June 30, 2026
MemorializationIndustrial Technologies
Brand Solutions (1)
Reportable Segments Total
Sales$208,060 $37,956 $— $246,016 
Cost of sales (2)
(116,739)(30,179)— (146,918)
Gross profit (2)
91,321 7,777 — 99,098 
Selling expense (2)
(21,725)(7,065)(609)(29,399)
Administrative expense (2)
(27,348)(6,146)(5,325)(38,819)
Other segment items (3)
— — 15,634 15,634 
Adjusted EBITDA$42,248 $(5,434)$9,700 $46,514 
Intersegment sales$— $(18)$— $(18)
Depreciation and amortization7,985 3,105 — 11,090 
Total assets (4)
921,711 305,554 228,884 1,456,149 
Capital expenditures3,293 773 — 4,066 
Nine Months Ended June 30, 2026
MemorializationIndustrial Technologies
Brand Solutions (1)
Reportable Segments Total
Sales$627,492 $150,333 $11,573 $789,398 
Cost of sales (2)
(348,220)(117,331)(9,484)(475,035)
Gross profit (2)
279,272 33,002 2,089 314,363 
Selling expense (2)
(66,708)(18,854)(609)(86,171)
Administrative expense (2)
(82,536)(27,353)(19,084)(128,973)
Other segment items (3)
— — 49,613 49,613 
Adjusted EBITDA$130,028 $(13,205)$32,009 $148,832 
Intersegment sales$— $1,381 $3 $1,384 
Depreciation and amortization24,173 9,549 609 34,331 
Capital expenditures9,730 2,791 150 12,671 
Three Months Ended June 30, 2025
MemorializationIndustrial Technologies
Brand Solutions (1)
Reportable Segments Total
Sales$203,728 $87,901 $57,748 $349,377 
Cost of sales (2)
(113,785)(58,724)(42,451)(214,960)
Gross profit (2)
89,943 29,177 15,297 134,417 
Selling expense (2)
(21,570)(7,355)13,795 (15,130)
Administrative expense (2)
(25,572)(12,775)(24,088)(62,435)
Adjusted EBITDA$42,801 $9,047 $5,004 $56,852 
Intersegment sales$— $1,150 $311 $1,461 
Depreciation and amortization7,394 5,489 2,357 15,240 
Total assets (4)
863,151 450,163 349,369 1,662,683 
Capital expenditures4,662 2,729 616 8,007 
Note 15.   Segment Information (continued)
Nine Months Ended June 30, 2025
MemorializationIndustrial Technologies
Brand Solutions (1)
Reportable Segments Total
Sales$599,834 $249,269 $329,745 $1,178,848 
Cost of sales (2)
(338,017)(170,070)(245,217)(753,304)
Gross profit (2)
261,817 79,199 84,528 425,544 
Selling expense (2)
(61,024)(22,824)(2,117)(85,965)
Administrative expense (2)
(76,342)(39,454)(49,519)(165,315)
Adjusted EBITDA$124,451 $16,921 $32,892 $174,264 
Intersegment sales$— $1,524 $1,027 $2,551 
Depreciation and amortization21,766 16,807 15,935 54,508 
Capital expenditures13,418 5,938 6,770 26,126 

(1) Amounts do not include revenue recognized by, costs and expenses attributable to, or assets owned by Propelis, since Propelis is a non-consolidated subsidiary accounted for under the equity-method. (see Note 7, "Investments" for further information).
(2) Amounts do not include certain non-cash and/or non-recurring items that do not contribute directly to management's evaluation of its operating results (as described further in the reconciliation of adjusted EBITDA in the table below) and also exclude depreciation, amortization and stock-based compensation expense.
(3) The three and nine months ended June 30, 2026 includes the Company's portion of depreciation, intangible amortization, interest expense, and other items incurred by Propelis (see Note 7, "Investments" for further information with respect to the equity-method investment in Propelis).
(4) Total assets represent amounts at June 30, 2026 and 2025, respectively.
A reconciliation of adjusted EBITDA to income (loss) before income taxes and net income (loss) follows:
Three Months Ended June 30,Nine Months Ended June 30,
2026202520262025
Reportable Segments Adjusted EBITDA$46,514 $56,852 $148,832 $174,264 
Corporate and Non-Operating(11,541)(12,302)(33,877)(38,277)
Acquisition and divestiture related items (1)**
(337)9,473 (1,649)(4,805)
Strategic initiatives and other items (2)**†
(15,333)(10,315)(36,977)(16,303)
Gain on divestitures, net234 57,103 109,498 55,031 
Highly inflationary accounting losses (primarily non-cash) (3)
— (325)(16)(1,036)
Stock-based compensation (5,054)(8,841)(14,597)(19,838)
Non-service pension and postretirement expense (4)
(38)(141)(151)(407)
Depreciation and amortization *
(11,654)(15,836)(35,858)(56,571)
Interest expense, including RPA and factoring financing fees (5)
(10,800)(16,804)(36,525)(50,668)
Loss on debt extinguishment— — (16,343)— 
Propelis depreciation, amortization, interest and other items (6)
(15,634)— (49,613)— 
(Loss) income before income taxes(23,643)58,864 32,724 41,390 
Income tax provision(46)(43,477)(34,618)(38,391)
Net (loss) income$(23,689)$15,387 $(1,894)$2,999 
Note 15.   Segment Information (continued)

(1) Includes certain non-recurring items associated with recent acquisition and divestiture activities.
(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 litigation costs related to an ongoing dispute with Tesla, which totaled $7,772 and $5,795 for the three months ended June 30, 2026 and 2025, respectively, and $18,944 and $14,419 for the nine months ended June 30, 2026 and 2025, respectively (see Note 18, "Legal Matters"). Fiscal 2025 includes costs related to the Company's 2025 contested proxy which totaled $207 for the three months ended June 30, 2025 and $5,109 for the nine months ended June 30, 2025. Fiscal 2025 includes net gains on the sales of certain significant property and other assets of $8,655 for the nine months ended June 30, 2025. Fiscal 2025 also includes loss recoveries totaling $538 for the three months ended June 30, 2025 and $1,708 for the nine months ended June 30, 2025 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 certain Turkish subsidiaries which were recently divested (see Note 2, "Basis of Presentation").
(4) 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.
(5) Includes fees for receivables sold under the RPA and factoring arrangements totaling $380 and $974 for the three months ended June 30, 2026 and 2025, respectively, and $1,430 and $3,291 for the nine months ended June 30, 2026 and 2025, respectively.
(6) Represents the Company's portion of depreciation, intangible amortization, interest expense, and other items incurred by Propelis (see Note 7, "Investments" for further information with respect to the equity-method investment in Propelis).
* Depreciation and amortization was $7,985 and $7,394 for the Memorialization segment, $3,105 and $5,489 for the Industrial Technologies segment, and $564 and $596 for Corporate and Non-Operating, for the three months ended June 30, 2026 and 2025, respectively. Depreciation and amortization was $24,173 and $21,766 for the Memorialization segment, $9,549 and $16,807 for the Industrial Technologies segment, $609 and $15,935 for the Brand Solutions segment, and $1,527 and $2,063 for Corporate and Non-Operating, for the nine months ended June 30, 2026 and 2025, respectively. Depreciation and amortization was $2,357 for the Brand Solutions segment for the three months ended June 30, 2025.
** Acquisition costs, ERP system integration costs, and strategic initiatives and other charges were $1 and $552 for the Memorialization segment, $13,239 and $9,079 for the Industrial Technologies segment, $126 and $1,692 for the Brand Solutions segment, and $2,304 and income of $10,481 for Corporate and Non-Operating, for the three months ended June 30, 2026 and 2025, respectively. Acquisition costs, ERP system integration costs, and strategic initiatives and other charges were $450 and $4,265 for the Memorialization segment, $26,331 and $13,390 for the Industrial Technologies segment, $3,621 and $2,822 for the Brand Solutions segment, and $8,224 and $631 for Corporate and Non-Operating, for the nine months ended June 30, 2026 and 2025, respectively.
† Strategic initiatives and other items includes charges for exit and disposal activities (including severance and other employee termination benefits) totaling expenses of $6,722 and $2,438 for the three months ended June 30, 2026 and 2025, respectively, and expenses of $9,027 and $1,133 for the nine months ended June 30, 2026 and 2025, respectively. Refer to Note 10, "Restructuring" for further details.