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Matthews International Corporation (MATW) delivers innovative solutions across brand development, memorialization products, and industrial technologies. This news hub provides investors and industry professionals with timely updates on the company’s strategic initiatives across its three core business segments.
Access official press releases, earnings announcements, and operational developments in one centralized location. Track updates on SGK Brand Solutions packaging innovations, Memorialization product advancements, and Industrial Technologies breakthroughs.
Our curated collection includes regulatory filings, leadership updates, and market expansion news. Stay informed about MATW’s global operations through verified updates on manufacturing advancements, sustainability efforts, and strategic partnerships.
Bookmark this page for streamlined access to Matthews International’s latest developments. Combine historical context with real-time updates to better understand this industrial leader’s evolving market position.
Matthews International (MATW) reported Q1 fiscal 2025 results with sales of $401.8 million, down 10.7% from $450.0 million in Q1 2024. The company posted a net loss of $3.5 million ($0.11 per share) compared to a $2.3 million loss ($0.07 per share) in the prior year. Adjusted EBITDA decreased to $40.0 million from $45.5 million.
The company maintains its fiscal 2025 adjusted EBITDA outlook of $205-215 million. A positive arbitration ruling affirmed Matthews' right to sell its DBE technology. The planned SGK Brand Solutions transaction, expected to complete by mid-2025, will yield $350 million upfront including $250 million cash plus a 40% interest in the new entity. The company expects to achieve cost reductions of at least $50 million through ongoing initiatives.
The Memorialization segment saw lower sales due to decreased U.S. deaths, while SGK Brand Solutions reported modest sales growth. Industrial Technologies experienced declining sales, primarily due to reduced Tesla project work and litigation impact.
Matthews International (MATW) received a favorable arbitration ruling against Tesla on February 5, 2025, confirming the company's right to sell its proprietary Dry Battery Electrode (DBE) technology to other customers in the electric vehicle market. The decision acknowledged Matthews' extensive pre-Tesla experience in manufacturing DBE technology.
The dispute began over a year ago when Matthews sought a declaratory judgment through arbitration regarding its rights to sell DBE solutions. Tesla subsequently filed federal court litigation alleging trade secret theft. Matthews was recently awarded U.S. Patent No. 12,136,727 B2 for DBE manufacturing systems on November 5, 2024.
CEO Joseph C. Bartolacci emphasized that this ruling validates their rights to the technology and their decade-long experience in the battery space. The company plans to immediately resume marketing and delivering DBE products to battery and automobile manufacturers globally.
Matthews International (MATW) issued a letter to shareholders highlighting support from GAMCO Asset Management, a top 5 shareholder with 4.38% stake, for the company's director nominees ahead of the Annual Meeting. The letter addresses the proxy contest with Barington, emphasizing Matthews' 175-year evolution from a hand stamp business to a diversified company with memorialization products, industrial technologies, and brand solutions.
The Board urges shareholders to vote for their nominees - Terry L. Dunlap, Alvaro Garcia-Tunon, and J. Michael Nauman - on the WHITE proxy card. The company criticizes Barington's nominees for their lack of understanding of Matthews' businesses and questions their track record in other companies. Matthews defends its strategic evolution, particularly highlighting the development of its energy storage business and the value generated through strategic acquisitions like Saueressig in 2008 and Schawk in 2014.
Barington Capital, owning 1.9% of Matthews International (NASDAQ: MATW), has sent a letter to shareholders criticizing the company's recent 68-page investor presentation and management's approach. The activist investor highlights what it describes as Matthews' 'longstanding culture of deceit' and argues that the status quo is unsustainable.
Barington claims Matthews has failed over the past 18 years to take meaningful action in simplifying its portfolio, conducting strategic reviews, reducing costs and debt, or addressing Board independence. The investor group is pushing for the election of Ana Amicarella, Chan Galbato and James Mitarotonda to Matthews' Board of Directors, arguing these changes are important for unlocking the company's full value potential.
Matthews International (MATW) has announced its Board of Directors has declared a quarterly dividend of $0.25 per share on the Company's common stock. The dividend will be payable on February 24, 2025, to stockholders of record as of February 10, 2025. This declaration was made during the board's regularly scheduled meeting on January 29, 2025.
Matthews International (MATW) has filed an investor presentation ahead of its February 20, 2025 Annual Meeting, highlighting its strategic initiatives and urging shareholders to vote for its three director nominees. The company emphasizes several key achievements, including:
The company has returned approximately $490 million to shareholders through dividends and share repurchases since 2014, while implementing a cost reduction program targeting annual savings of up to $50 million. Matthews has agreed to sell SGK Brand Solutions for $350 million and expects to announce additional value-creation initiatives throughout fiscal 2025.
The Board, which collectively owns 3.3% of shares, has welcomed three new independent directors since 2020 and nominated a fourth for the 2025 annual meeting. The company opposes Barington's director nominees, citing their lack of relevant experience and understanding of Matthews' business operations.
Barington Capital Group, owning 1.9% of Matthews International (NASDAQ: MATW), has released a comprehensive presentation criticizing the company's performance and proposing changes to maximize shareholder value. The presentation highlights a prolonged period of shareholder value destruction under the current leadership.
The activist investor points to poor capital allocation, failed acquisitions, and ineffective capital expenditures under CEO Joseph Bartolacci's tenure since 2006. Barington estimates the company's businesses could have a combined value of $44-57 per share, excluding the Energy Storage business.
Barington recommends immediate actions including: board refresh, new CEO search, focus on value-creating businesses, and increased SG&A expense reduction. The firm has nominated three executives - Ana Amicarella, Chan Galbato, and James Mitarotonda - to the board and urges shareholders to vote the GOLD proxy card at the 2025 Annual Meeting.
Matthews International (MATW) has sent a letter to shareholders regarding the upcoming Annual Meeting on February 20, 2025, emphasizing their commitment to long-term value creation. The company recently announced the strategic sale of SGK Brand Solutions for $350 million in upfront consideration plus 40% equity in the combined business, valued at approximately $900 million.
The Board highlights that the SGK transaction, which began in 2019 and is expected to close by mid-2025, resulted in a 15% stock price increase upon announcement. The company plans to use the cash proceeds for debt reduction and is currently evaluating strategic alternatives for all businesses with J.P. Morgan's assistance.
The letter urges shareholders to vote for Matthews' three director nominees - Terry L. Dunlap, Alvaro Garcia-Tunon, and J. Michael Nauman - on the WHITE proxy card, opposing Barington Capital's nominees, whom they argue lack critical skills and focus on short-term gains.
Barington Capital, owning 1.9% of Matthews International (MATW), has sent a letter to shareholders promoting its three director nominees for the company's Board. The activist investor criticizes the current Board as entrenched and unable to hold management accountable for 18 years of value erosion under CEO Joseph Bartolacci.
The three nominees - Ana Amicarella, Chan Galbato, and James Mitarotonda - are presented as highly accomplished executives with relevant sector expertise and CEO experience. Barington argues these nominees will help enhance corporate governance, improve cash flow, focus business operations, and restore share price performance.
Barington is urging shareholders to vote using the GOLD proxy card in favor of all their nominees, emphasizing the need for change in leadership to unlock the company's embedded value.
Matthews International (MATW) has announced it will release its first quarter fiscal 2025 earnings results after market close on Thursday, February 6, 2025. The company will host a conference call and webcast on Friday, February 7, 2025, at 9:00 a.m. Eastern Time to discuss financial and operating results along with its outlook.
The conference call will feature President and CEO Joseph C. Bartolacci and CFO Steven F. Nicola, followed by a question-and-answer session. A transcript of the call will be made available in the Investor Relations section of the company's website after the event.
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