Matthews International

Matthews International Corp. engages in the provision of brand solutions, memorialization products, and industrial technologies. It operates through the following segments: Memorialization, Industrial Technologies, and SGK Brand Solutions. The Memorialization segment consists of bronze and granite memorials, and other memorialization products, caskets and cremation and incineration equipment for the cemetery and funeral home industries. The Industrial Technologies segment includes marking and coding equipment and consumables, industrial automation products and order fulfillment systems for identifying, tracking, picking, and conveying consumer, and industrial products. The SGK Brand Solutions segment consists of brand management, pre-media services, printing plates and cylinders, engineered products, imaging services, digital asset management, merchandising display systems, and marketing and design services for the consumer goods and retail industries. The company was founded by John Dixon Matthews in 1850 and is headquartered in Pittsburgh, PA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Matthews International (MATW) reports strong Q1 results and eyes growth opportunities

Matthews International (MATW) delivered a robust performance in Q1 2023, driven by the Industrial Technology segment and strong energy business growth.
While facing challenges in the European market, the company is focused on capitalizing on opportunities for growth and maintaining success in key segments.
With consolidated sales growth expected to continue and reaffirmed EBITDA projections, Matthews International remains optimistic about its performance in 2023.

Matthews International excels in Q2 2023 with strong sales growth

Matthews International delivered a robust performance in Q2 2023, driven by strong sales growth and operational improvements. Despite challenges in the SGK brand solution segment, the company remains optimistic about future prospects and is actively managing its debt levels.

Matthews International reports robust Q3 earnings amidst segment challenges

Matthews International delivered a strong Q3 performance with notable sales and EBITDA growth.
While facing challenges in certain segments, the company demonstrated financial stability and commitment to shareholders.
Opportunities exist for revenue growth, margin enhancement, and strategic realignment to drive future success.
Overall, a positive quarter with areas for improvement to sustain growth and profitability.

Matthews International (MATW) reports robust Q4 performance and growth strategies

Matthews International (MATW) delivered a strong performance in Q4 2023, marked by revenue growth, improved profitability, and enhanced financial stability.
The company's focus on debt reduction, cash flow generation, and strategic acquisitions positions it well for sustainable growth and value creation.
While facing challenges such as segment-specific sales fluctuations and market uncertainties, Matthews International remains resilient and adaptive.
Opportunities for expansion through acquisitions, innovation, and market diversification pave the way for future growth and competitive advantage.

Matthews International reports mixed Q1 results, eyes growth opportunities

Matthews International's Q1 2024 performance showed mixed results with sales growth in key segments but challenges in the Energy segment. The company is focusing on growth opportunities, including energy solutions and cremation business, while addressing financial performance concerns.

Matthews International reports mixed Q2 performance, focuses on debt reduction

Matthews International's Q2 2024 performance showcased strengths in Memorialization and SGK Brand Solutions, with challenges in Industrial Technologies.
The company aims to reduce debt, improve leverage ratio, and launch new products, presenting opportunities for growth and financial stability.
Despite facing some headwinds, Matthews International remains focused on operational improvements and strategic initiatives for future success.

Matthews International addresses challenges, focuses on cost reduction and growth

Matthews International navigated challenges in Q3 2024, focusing on cost reduction, debt reduction, and segment-specific strategies to address performance issues.
Despite headwinds in the Industrial Technologies segment, positive outcomes in Memorialization and SGK segments highlight the company's diversified portfolio strength.
Strategic financial management, confidence in legal matters, and a commitment to shareholder returns through dividends underscore Matthews International's resilience and long-term focus.

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Matthews International Corp. engages in the provision of brand solutions, memorialization products, and industrial technologies. It operates through the following segments: Memorialization, Industrial Technologies, and SGK Brand Solutions. The Memorialization segment consists of bronze and granite, and other memorialization products, caskets, cremation, and incineration equipment. The Industrial Technologies segment includes marking and coding equipment and consumables, industrial automation products, and order fulfillment systems for identifying, tracking, picking, and conveying consumer, and industrial products. The SGK Brand Solutions segment consists of brand management, pre-media services, printing plates and cylinders, engineered products, imaging services, digital asset management, merchandising display systems, and marketing and design services for the consumer goods and retail industries. The company was founded by John Dixon Matthews in 1850 and is headquartered in Pittsburgh, PA.

PITTSBURGH, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) (“Matthews” or the “Company”) today announced Aleta Richards has been nominated for election to serve as a new director on the Company's Board of Directors, to be voted on at its annual shareholders meeting on February 16, 2023. Dr. Richards currently serves as Executive Vice President of Specialty Films for Covestro Deutschland AG located in Dormagen, Germany. In this role, she leads the global specialty films business, directing all business functions and has responsibility for the full income statement of the business unit. Prior to her current role, Dr. Richards served in multiple senior leadership positions within the Americas and APAC regions, including roles in sales and marketing, product management, and strategic accounts. She also held executive positions in strategic marketing and human resources and services during her time with Bayer Corporation.

Matthews International Corporation Announces Nomination of New Director

PITTSBURGH, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its first quarter fiscal year 2023 earnings results after the market closes on Thursday, January 26, 2023.

Matthews International Announces First Quarter Fiscal 2023 Earnings Release and Conference Call

PITTSBURGH, Jan. 02, 2023 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) (“Matthews”), a global provider of industrial technologies and renewable energy equipment, today announced that total orders received by the Company during the fiscal 2023 first quarter for its energy storage solutions business exceeded $200 million. The orders have been received from multiple electric vehicle (“EV”), fuel cell, and battery manufacturers to provide equipment and services to the fast-growing business.

Matthews International Wins Over $200 Million in Orders in Fiscal 2023 First Quarter For the Energy Solutions Business

PITTSBURGH, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Matthews International Corporation (“Matthews”) (NASDAQ GSM: MATW) today announced that it has entered into an agreement with Barington Capital Group, L.P., Barington Companies Equity Partners, L.P., and Barington Companies Management, LLC (collectively, “Barington”), pursuant to which Barington Companies Management, LLC will serve as a consultant to Matthews. Under the agreement, Barington has also agreed to vote all of its shares in favor of Matthews' nominees at the 2023 Annual Shareholders' Meeting.

Matthews International Enters Into Agreement With Barington

The industrial tech segment is growing partially organically and partially through acquisitions, but the acquisitions look accretive to EBITDA and scale is helping too. Memorialization suffers from margin pressure, but this should reverse on the cost side. We think pricing can hold in this sector. Incremental benefits await investors here.

Matthews International Bursts On Headway In Industrial Tech

Matthews International Corporation (NASDAQ:MATW ) Q4 2022 Earnings Conference Call November 18, 2022 9:00 AM ET Company Participants Bill Wilson - Senior Director of Finance & Corporate Development Joe Bartolacci - President & CEO Steven Nicola - CFO Conference Call Participants Daniel Moore - CJS Securities Liam Burke - B. Riley Justin Bergner - Gabelli Funds Operator Greetings, and welcome to the Matthews International Corporation Fourth Quarter and Fiscal Year 2022 Financial Results.

Matthews International Corporation (MATW) Q4 2022 Earnings Call Transcript

Matthews International Reports Results for Fourth Quarter and Fiscal Year Ended September 30, 2022

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PITTSBURGH, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its fourth quarter and fiscal year 2022 earnings results after the market closes on Thursday, November 17, 2022.

Matthews International Announces Fourth Quarter and Fiscal Year 2022 Earnings Release and Conference Call

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Almost all the declines are coming from the gross profit line or due to FX effects on the topline with a strengthening dollar and weakening EU businesses. Emerging industrial technologies segment is becoming a more important profit contributor, and it is supported by megatrends around EV battery production, ecommerce and traceability.

Matthews International: Single-Digit Multiple Despite Ecommerce, EV And Traceability Catalysts

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Are Investors Undervaluing Matthews International (MATW) Right Now?

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Matthews International: Perennial Dividend Raiser To Benefit From EV And E-Commerce Growth

PITTSBURGH, Aug. 17, 2022 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) announced today that the Company has closed on the previously-announced acquisitions of German based engineering firms, OLBRICH GmbH (“OLBRICH”) and R+S Automotive GmbH (“R+S Automotive”), for EUR €43 million (approximately U.S. $45 million).

Matthews International Acquires OLBRICH GmbH and R+S Automotive GmbH, Extends Engineering Capabilities for Energy

Matthews International Corporation (NASDAQ:MATW ) Q3 2022 Results Conference Call July 29, 2022 9:00 AM ET Company Participants Bill Wilson - Senior Director, Corporate Development Joe Bartolacci - President, CEO Steve Nicola - CFO Conference Call Participants Daniel Moore - CJS Securities Justin Bergner - Gabelli Funds Liam Burke - B. Riley Operator Greetings, and welcome to Matthews International Third Quarter Fiscal 2022 Financial Results Conference Call.

Matthews International Corporation (MATW) CEO Joe Bartolacci on Q3 2022 Results - Earnings Call Transcript

Matthews International (MATW) delivered earnings and revenue surprises of 9.43% and 0.51%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Matthews International (MATW) Q3 Earnings and Revenues Surpass Estimates

Matthews International Reports Results for Fiscal 2022 Third Quarter

PITTSBURGH, July 06, 2022 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its third quarter fiscal year 2022 earnings results after the market closes on Thursday, July 28, 2022.

Matthews International Announces Third Quarter Fiscal 2022 Earnings Release and Conference Call

PITTSBURGH, June 21, 2022 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced that the Company signed an agreement to acquire German based engineering firms, OLBRICH GmbH (“OLBRICH”) and R+S Automotive GmbH (“R+S Automotive”), for EUR €43 million (approximately U.S. $45 million). OLBRICH and R+S Automotive have combined annual revenues in excess of $100 million. Headquartered in Bocholt, Germany, OLBRICH is a production and intelligent equipment manufacturer, specializing in purpose-built rotary processing equipment, including equipment used in the manufacturing of dry and wet electrodes for lithium-ion batteries and components for hydrogen fuel cells used in electric vehicles, with additional strong positions in Specialty & Pharma, Packaging and Home & Décor. R+S Automotive is a specialty engineering services provider of automation, plant and tooling concepts for automotive manufacturing companies around the world. The closing of the transaction is subject to certain regulatory authority approvals, which is expected to be timely secured in July of 2022.

Matthews International Acquires OLBRICH GmbH and R+S Automotive GmbH

Matthews International has experienced some pain as of late due to broader economic concerns and because of weak margins this year. Despite the pain, management does still see EBITDA falling only marginally this year.

Matthews International Corporation: Patience Should Pay Off

Matthews International Corporation (NASDAQ:MATW ) Q2 2022 Earnings Conference Call April 29, 2022 9:00 AM ET Company Participants William D. Wilson - Senior Director, Corporate Development Joseph C.

Matthews International Corporation (MATW) CEO Joseph Bartolacci on Q2 2022 Results - Earnings Call Transcript

Matthews International Reports Results for Fiscal 2022 Second Quarter

PITTSBURGH, April 08, 2022 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its second quarter fiscal year 2022 earnings results after the market closes on Thursday, April 28, 2022.

Matthews International Announces Second Quarter Fiscal 2022 Earnings Release and Conference Call

News for Matthews International Stock (MATW)