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 (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.
PITTSBURGH, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) will release its first quarter fiscal year 2023 earnings on January 26, 2023, after market close. A conference call, scheduled for January 27 at 9:00 a.m. ET, will discuss financial results and outlook, featuring CEO Joseph C. Bartolacci and CFO Steven F. Nicola. A transcript will be available on their website post-call. Matthews provides industrial technologies, memorialization products, and brand solutions globally, employing approximately 12,000 staff across 30+ countries.
Matthews International (NASDAQ: MATW) announced over $200 million in orders for its energy storage solutions business in Q1 of fiscal 2023, surpassing its entire fiscal year 2022 revenues. This surge in orders positions the company as a leader in the electric vehicle energy storage sector, reflecting heightened industry interest. With the business having tripled over the past two years, Matthews is potentially on track for another year of significant growth, according to CEO Joseph Bartolacci.
Matthews International Corporation (NASDAQ: MATW) has engaged Barington Capital Group as a consultant to support its strategic growth. This partnership involves Barington voting its shares in favor of Matthews' nominees at the upcoming 2023 Annual Shareholders’ Meeting. Joseph C. Bartolacci, CEO of Matthews, expressed appreciation for Barington's insights, while Barington's CEO, James A. Mitarotonda, aims to enhance shareholder value through collaborative efforts. Matthews operates in various sectors, including memorialization and industrial technologies, with a global workforce of about 12,000 employees.
Matthews International Corporation (NASDAQ: MATW) reported 4th quarter sales of $457.1 million, a 4.2% increase from last year. Adjusted EBITDA rose by 7.5% to $55.9 million. For fiscal 2022, total sales were $1.76 billion, up 5.5%. Key growth drivers included the Industrial Technologies and Memorialization segments, with energy storage solutions leading the way. However, a $82.5 million goodwill impairment affected net loss, resulting in a loss of $81 million for the quarter. Looking forward, the company anticipates consolidated EBITDA between $215 million to $235 million for fiscal 2023.
Matthews International Corporation (MATW) announced a quarterly dividend increase to $0.23 per share, showcasing its strong cash flow position. This marks the 29th consecutive annual dividend increase since becoming publicly traded. The dividend is payable on December 12, 2022, to stockholders of record by November 28, 2022. CEO Joseph C. Bartolacci reaffirmed the company’s commitment to funding strategic investments and acquisitions, reflecting confidence in its financial stability for fiscal 2023.
Matthews International Corporation (Nasdaq: MATW) announced it will release its fourth quarter and fiscal year 2022 earnings after the market closes on November 17, 2022. A conference call will be held on November 18, 2022, at 9:00 a.m. ET to discuss financial results and outlook. The company specializes in industrial technologies, memorialization products, and brand solutions, employing around 11,000 people across 26 countries.
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