Brand Solutions segment sales dropped to $57.7 million from $133.4 million due to the SGK divestiture, with adjusted EBITDA decreasing to $5 million from $16.1 million.
Consolidated adjusted EBITDA was $44.6 million, relatively flat compared to $44.7 million last year, despite the SGK divestiture.
Consolidated sales for Q3 fiscal 2025 were $349 million, down from $428 million a year ago, primarily due to the divestiture of SGK.
Debt was reduced by $120 million during the quarter to $702 million, aided by proceeds from the SGK sale.
Industrial Technologies segment sales declined to $87.9 million from $91.7 million, but adjusted EBITDA improved to $9 million from $4.2 million due to cost reductions and higher warehouse automation sales.
Memorialization segment sales increased slightly to $203.7 million with adjusted EBITDA rising to $42.8 million from $38.7 million last year.
Net income increased to $15.4 million or $0.49 per share from $1.8 million or $0.06 per share a year ago, driven by a gain on the SGK divestiture.