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 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

Earnings data Q1 2025

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.

Matthews International reports mixed Q4 results, focuses on cost control

Matthews International's Q4 2024 performance saw a decline in sales but met EBITDA expectations.
The company demonstrated strengths in debt reduction and dividend growth.
Challenges were evident in the Industrial Technologies and Energy Solutions segments.
Opportunities lie in cost control, innovation, and continued debt reduction efforts.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Matthews International Corp. engages in the provision of brand solutions, memorialization products, and industrial technologies. It operates through the following segments: Memorialization, Industrial Technologies, SGK Brand Solutions, and Corporate and Non-Operating. 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 focuses on 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 Corporate and Non-Operating segment refers to cash and cash equivalents, investments, deferred income taxes, and corporate headquarters' assets. The company was founded by John Dixon Matthews in 1850 and is headquartered in Pittsburgh, PA.

Fiscal 2024 Third Quarter Financial Highlights: Outstanding debt reduced by $12.6 million during the quarter 3 rd Quarter GAAP EPS of $0.06; non-GAAP adjusted EPS of $0.56 SGK Brand Solutions segment reports sales growth for the quarter Energy storage sales impacted by customer delays Company announces cost reduction initiatives Webcast: Friday, August 2, 2024, 9:00 a.m., (201) 689-8471 PITTSBURGH, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for its third quarter of fiscal 2024.

Matthews International Reports Results for Fiscal 2024 Third Quarter

PITTSBURGH, July 24, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) announced that its Board of Directors declared, at its regularly scheduled meeting today, a dividend of $0.24 per share on the Company's common stock.

Matthews International Declares Quarterly Dividend

PITTSBURGH, July 12, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its third quarter fiscal year 2024 earnings results after the market closes on Thursday, August 1, 2024.

Matthews International Announces Third Quarter Fiscal 2024 Earnings Release and Conference Call

Albemarle

Artesian Resources

When most investors think of dividend stocks, they think of stability and steady income—not about tripling their money over the next few years. However, there are exceptional opportunities where dividend stocks can offer both reliable income and substantial capital appreciation.

3 Dividend Dynamos Set to Triple Your Money by 2027

Adams Resources & Energy

Arrowhead Pharmaceuticals

AtriCure

CervoMed Inc

Forward Air

Medifast

Low-priced stocks to buy with the potential to double within the next year or so have inherent appeal for investors. Individual shares are affordable making it relatively easy to establish a stake.

Have 20 Bucks? 7 Low-Priced Stocks That Could Double by 2025

PITTSBURGH, June 17, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW). On Friday evening, June 14, 2024, Tesla filed a complaint in Federal District Court in the Northern District of California. The claims stated in this threadbare complaint are utterly without merit and we intend to vigorously defend the matter. Notably, the complaint vaguely references trade secrets, but fails to identify even one trade secret that Tesla purportedly disclosed to Matthews. We are continuing to evaluate this complaint and may pursue legal remedies.

Matthews International Refutes Tesla Allegations

PITTSBURGH, May 15, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced that the company is scheduled to participate in B. Riley Securities 24th Annual Institutional Investor Conference to be held at the Beverly Hilton Hotel in Beverly Hills, CA, on Wednesday, May 22, 2024. The presentation materials utilized during the conference will be available on the investor relations website of Matthews' website at www.matw.com.

Matthews International to Participate in B. Riley Securities 24th Annual Institutional Investor Conference

Joby Aviation

Novocure

Navitas Semiconductor Corp

Viking Therapeutics

YETI

If you're wondering what stocks to buy this month, look no further. Every investor wants their stock picks to double in price.

Double-Up Delights: 7 Stocks Poised to Soar 100% by 2025

Matthews International Corporation (NASDAQ:MATW ) Q2 2024 Earnings Conference Call May 3, 2024 9:00 AM ET Company Participants Bill Wilson – Senior Director-Corporate Development Joe Bartolacci – President and Chief Executive Officer Steve Nicola – Chief Financial Officer Conference Call Participants Daniel Moore – CJS Securities Liam Burke – B. Riley Securities Justin Bergner – Gabelli Nick Ripostella – NR Management Operator Greetings, and welcome to the Matthews International Second Quarter Fiscal 2024 Financial Results Conference Call.

Matthews International Corporation (MATW) Q2 2024 Earnings Call Transcript

Fiscal 2024 Second Quarter Financial Highlights: Outstanding debt reduced by $19.6 million; net debt lower by $27.2 million GAAP earnings per share of $0.29, consistent with a year ago Non-GAAP EPS increased to $0.69, compared to $0.65 a year ago SGK reports current quarter sales and adjusted EBITDA higher than a year ago Energy storage sales also higher than last year; reflects orders from multiple customers PITTSBURGH, May 02, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for its second quarter of fiscal 2024. In discussing the results for the Company's fiscal 2024 second quarter, Joseph C.

Matthews International Reports Results for Fiscal 2024 Second Quarter

PITTSBURGH, April 26, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) (“Matthews” or the “Company”) today announced that Francis Wlodarczyk has been appointed to the Company's Board of Directors.

Matthews International Corporation Announces Appointment of New Director

PITTSBURGH, April 08, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its second quarter fiscal year 2024 earnings results after the market closes on Thursday, May 2, 2024.

Matthews International Announces Second Quarter Fiscal 2024 Earnings Release and Conference Call

PITTSBURGH, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) (“Matthews”), a global provider of industrial technologies and renewable energy equipment, today announced the relocation of its bipolar plate manufacturing and prototyping operations (under the brand name Terrella Energy) to its site in Burlington, North Carolina. The new site is strategically located within the Southern Automotive Corridor with close proximity to several electric vehicle automakers and battery manufacturers.

Matthews International's Engineering Business Establishes Hydrogen Fuel Cell (HFC) Development Center in Burlington, NC

MATW is facing challenges in improving unit economics despite major order wins in its EV-exposed businesses. New order generation is inconsistent in the energy segment, and economics are getting a bit lumpy. Memorialization is experiencing declines in casket sales, but new business in cremation systems may offset the decline if it comes to pass.

Matthews International: Slow Orderbook Build And Not Great Delivery Rates

Matthews International Corporation (MATW) Q1 2024 Earnings Call Transcript

Fiscal 2024 First Quarter Financial Highlights: Consolidated sales of $450.0 million, compared to $449.2 million a year ago Industrial Technologies and Memorialization report another quarter of sales growth Adjusted EBITDA for SGK Brand Solutions higher than a year ago Company renews $750 million revolving credit facility in January 2024 Fiscal 2024 outlook remains unchanged PITTSBURGH, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for its first quarter of fiscal 2024. In discussing the results for the Company's fiscal 2024 first quarter, Joseph C.

Matthews International Reports Results for Fiscal 2024 First Quarter

Matthews International (MATW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Matthews International (MATW) Q1 Earnings Expected to Decline

Applied Blockchain Inc

Werner Enterprises

APLD, MATW and WERN have been added to the Zacks Rank #5 (Strong Sell) List on January 17, 2024.

New Strong Sell Stocks for January 17th

PITTSBURGH, Jan. 05, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its first quarter fiscal year 2024 earnings results after the market closes on Thursday, February 1, 2024.

Matthews International Announces First Quarter Fiscal 2024 Earnings Release and Conference Call

Matthews International reported earnings with promising organic sales growth but limited profit growth in the energy businesses. The company is looking forward to the release of the printhead and potential scaling through M&A on its more attractive platforms. Industrial technologies and memorialization businesses are expected to see sales growth and potential acquisitions to improve profitability in 2024.

Matthews International: Lots Of M&A Discussion At The Q4 Call

Matthews International Corporation (NASDAQ:MATW ) Q4 2023 Earnings Conference Call November 17, 2023 9:00 AM ET Company Participants Steven Nicola - CFO Joseph Bartolacci - President & CEO Conference Call Participants Daniel Moore - CJS Securities Liam Burke - B. Riley Securities Justin Bergner - Gabelli Funds, LLC Operator Greetings.

Matthews International Corporation (MATW) Q4 2023 Earnings Call Transcript

Financial Highlights : Consolidated sales in fourth quarter increased $23.1 million, or 5.0% Industrial Technologies sales 34% higher for the quarter; FY2023 sales exceed $500 million, compared to $335.5 million for FY2022 All three business segments reported higher adjusted EBITDA for the quarter Company expects continued earnings growth and strong cash flow in fiscal 2024 Webcast: Friday, November 17, 2023, 9:00 a.m., (201) 689-8471 PITTSBURGH, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for the quarter and fiscal year ended September 30, 2023.

Matthews International Reports Results for Fourth Quarter and Fiscal Year Ended September 30, 2023

Merck

NIKE

Agilent Technologies

Automatic Data Processing

American Equity Investment Life

Assurant

Atmos Energy

Becton, Dickinson and Co.

Cencora Inc

CubeSmart

Emerson Electric

Evergy Inc

Huntington Ingalls Industries

Hormel Foods

Lancaster Colony

McCormick

Motorola Solutions

Nelnet

Royal Gold

Roper Technologies

Snap-on

Spire

York Water

Investors were rewarded with 10%+ dividend increases from Snap-on Tools and ADP in the first half of November. Other companies that rewarded investors in the first two weeks of the month were Emerson, which extended its dividend growth streak to 67 years, and utilities Atmos and Evergy. The second half of the month will bring dividend increases from Nike, Merck, Hormel and Agilent, among others.

Nike, Merck Among 13 Companies To Announce Annual Dividend Increases In Second Half Of November

PITTSBURGH, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its fourth quarter and fiscal year 2023 earnings results after the market closes on Thursday, November 16, 2023. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its outlook.

Matthews International Announces Fourth Quarter and Fiscal Year 2023 Earnings Release and Conference Call

Matthews International has benefited from business development in the energy solutions sector. The energy solutions business has seen strong order book growth and is expected to achieve around 40% sales growth for the fiscal year as they liquidate backlog. Cost actions are now possible to improve the performance of acquisitions and contribute to the bottom line, leading to a potential earnings bump in that segment.

News for Matthews International Stock (MATW)