Welcome to our dedicated page for Matthews International news (Ticker: MATW), a resource for investors and traders seeking the latest updates and insights on Matthews International stock.
Matthews International Corporation (MATW) is a leading provider of brand solution services, memorialization products, and industrial products. Established over a century ago, the company has grown and diversified, now operating through three main business segments: Brand Solutions, Memorialization, and Industrial. These segments collectively generate over $1.4 billion in sales annually and boast a workforce of more than 10,000 employees spanning six continents.
Brand Solutions focuses on managing brand standards across all packaging components. The acquisition of SGK, a prominent brand development, activation, and deployment company, has further strengthened Matthews' capabilities in this sector. SGK operates in over 20 countries, driving brand performance for consumer packaged goods and packaging industries. The services offered include brand development, creative design, printing equipment, and embossing tools.
Memorialization is another cornerstone of Matthews' operations, with a legacy of over 150 years in the industry. The company provides a comprehensive range of products and services to cemeteries and funeral homes, including bronze and granite memorials, caskets, and cremation equipment. This segment is built on a foundation of quality and customer service, key aspects that have sustained its leadership position over the decades.
The Industrial segment caters to various markets with high-quality products and services. Although this segment is less highlighted compared to Brand Solutions and Memorialization, its contribution remains significant.
Financially, Matthews International is strong, with a significant portion of its revenue generated from the U.S. market, supported by a notable European customer base. The company's continuous focus on quality improvement in every business facet ensures sustained growth and market leadership.
For more detailed and up-to-date information, including the latest news and financial results, visit Matthews International Corporation's official website or contact their corporate office.
Matthews International Corporation (NASDAQ GSM: MATW) has declared a $0.23 per share dividend on its common stock, to be paid on May 22, 2023. Stockholders of record as of May 8, 2023 will receive this dividend. The announcement reflects the company's ongoing commitment to returning value to its shareholders.
Matthews operates through three segments: Memorialization, Industrial Technologies, and SGK Brand Solutions, employing around 12,000 people across more than 30 countries. The Memorialization segment provides essential products and services to cemetery and funeral home customers, while the other segments focus on high-tech energy solutions and brand experiences.
Matthews International Corporation (MATW) will release its second quarter fiscal year 2023 earnings on April 27, 2023, after market close. A conference call will be conducted on April 28, 2023, at 9:00 a.m. ET, featuring key executives including President and CEO Joseph C. Bartolacci and CFO Steven F. Nicola. The call will review financial results and provide an outlook for the company. Interested stakeholders can access the call via phone or webcast. A transcript will be available on the company's investor relations website following the call. Matthews is a global leader in industrial technologies, memorialization products, and brand solutions, employing around 12,000 individuals across 30 countries.
Matthews International Corporation (NASDAQ: MATW) reported its first quarter fiscal 2023 results, showing a 2.4% increase in sales to $449.2 million year-over-year, attributed mainly to a 47% surge in Industrial Technologies. Net income rose to $3.7 million from a loss of $19.8 million, translating to $0.12 per share. However, non-GAAP adjusted EPS fell by 28.4% to $0.53. The company continues to expect strong performance in its Industrial Technologies segment, while challenges remain in SGK Brand Solutions due to currency impacts. The fiscal 2023 adjusted EBITDA guidance is reaffirmed at $215 million to $235 million.
Matthews International Corporation (NASDAQ: MATW) declared a dividend of $0.23 per share on January 25, 2023. This dividend is payable on February 20, 2023, to stockholders of record as of February 6, 2023. Matthews operates in memorialization products, industrial technologies, and brand solutions, employing approximately 12,000 personnel globally.
On January 17, 2023, Matthews International Corporation (NASDAQ GSM: MATW) announced the nomination of Aleta Richards for election to its Board of Directors, to be voted on at the annual shareholders meeting on February 16, 2023. Dr. Richards currently serves as Executive Vice President of Specialty Films at Covestro Deutschland AG and has extensive experience in senior leadership roles across global markets, including sales, marketing, and human resources. The Board believes her international expertise and strong background will significantly benefit Matthews, enhancing its strategic direction and leadership.
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