Matthews International Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2016. For the quarter, the company reported sales of $382,061,000 compared with $364,752,000 for the same period a year ago. Operating profit was $40,670,000 compared with $27,405,000 for the same period a year ago. Income before income taxes was $35,397,000 compared with $32,459,000 for the same period a year ago. Net Income attributable to company was $23,915,000 or $0.73 per diluted share compared with $23,140,000 or $0.70 per diluted share for the same period a year ago. Adjusted EBITDA was $66,987,000 compared with $58,964,000 for the same period a year ago. Adjusted earnings per share was $0.97 compared with $0.88 for the same period a year ago. Higher sales for the current period resulted principally from the acquisition of Aurora and an increase in sales in international markets for the SGK Brand Solutions segment. The net amount of the non-GAAP adjustments for the fiscal 2016 third quarter was $0.24 per share compared to $0.18 for the same quarter a year ago.

For the nine months, the company reported sales of $1,103,469,000 compared with $1,057,730,000 for the same period a year ago. Operating profit was $79,143,000 compared with $72,265,000 for the same period a year ago. Income before income taxes was $61,851,000 compared with $64,600,000 for the same period a year ago. Net Income attributable to company was $42,886,000 or $1.30 per diluted share compared with $46,475,000 or $1.40 per diluted share for the same period a year ago. Adjusted EBITDA was $170,064,000 compared with $154,292,000 for the same period a year ago. Adjusted earnings per share was $2.31 compared with $2.10 for the same period a year ago.

The company is currently estimating an effective tax rate for fiscal 2016 of 31.5%, excluding the benefits.