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: MATW) has announced the release of its first quarter fiscal year 2022 earnings on January 27, 2022, after market close. A conference call will be hosted on January 28 at 9:00 a.m. ET, led by CEO Joseph C. Bartolacci and CFO Steven F. Nicola, with a follow-up Q&A session. The call will review financial results and future outlook. Investors can access transcripts post-call on the company's website.
Matthews International Corporation (MATW) reported record annual sales of $1.67 billion for fiscal 2021, a $172.7 million increase from the previous year. The fourth quarter sales reached a new high of $438.8 million, up 9.9%. Operating cash flow stood at $162.8 million, with debt reduced by $70.8 million. However, the company reported a net loss of $3.7 million in Q4 and a diluted loss per share of $0.12. Non-GAAP adjusted EPS for Q4 fell to $0.80, a 27.9% decrease year-over-year. Looking ahead, while sales growth is anticipated for fiscal 2022, adjusted EBITDA may decline due to rising commodity costs.
PITTSBURGH, Nov. 17, 2021 - Matthews International Corporation (NASDAQ: MATW) announced a $0.22 per share dividend, marking an increase in the quarterly rate. The dividend is payable on December 13, 2021 to stockholders of record as of November 29, 2021. President and CEO Joseph C. Bartolacci noted strong operating cash flow in fiscal 2021, contributing to significant debt reduction and reinforcing expectations for continued strong cash flow in fiscal 2022. This marks the company's 28th consecutive annual dividend increase since becoming publicly traded.
Matthews International Corporation (Nasdaq GSM: MATW) plans to release its fourth quarter and fiscal year 2021 earnings after market close on November 18, 2021. A conference call will follow on November 19, 2021, at 9:00 a.m. ET, to discuss financial results and outlook. The call will be led by Joseph C. Bartolacci, President and CEO, and Steven F. Nicola, CFO. Matthews International provides various brand solutions and technologies with approximately 11,000 employees across 25 countries.
Matthews International Corporation (NASDAQ: MATW) has announced the continuation of its stock repurchase program, allowing for the purchase of an additional 2,500,000 shares. As of June 30, 2021, around 325,000 shares remain to be purchased under the current authorization. The Board's decision underscores confidence in the company's long-term value creation strategy and ability to generate strong cash flow. This buyback program aims to return capital to shareholders alongside quarterly cash dividends.
Matthews International Corporation (NASDAQ: MATW) reported record sales of $428.4 million in Q3 FY2021, a 19.2% increase from the previous year. The net income was $3.4 million ($0.10 per share) while the adjusted net income reached $29.3 million ($0.91 per share). Adjusted EBITDA rose to $60.0 million, a 21.5% increase year-over-year. The company raised its fiscal 2021 adjusted EBITDA outlook to at least $225 million. Despite rising commodity costs impacting margins, all segments reported sales growth, indicating a recovery from COVID-19 impacts.
Matthews International Corporation (NASDAQ: MATW) has declared a $0.215 dividend per share on its common stock, payable on August 23, 2021, to stockholders of record as of August 9, 2021. This announcement reflects the company's commitment to returning value to shareholders. Matthews International operates globally across three segments: Brand Solutions, Memorialization, and Industrial Technologies, employing around 11,000 people in over 25 countries. The company is positioned to navigate economic conditions while supporting its operational segments.
Matthews International Corporation (MATW) will release its third quarter fiscal 2021 earnings results on July 29, 2021, after market close. A conference call is scheduled for July 30, 2021, at 9:00 a.m. ET, featuring CEO Joseph C. Bartolacci and CFO Steven F. Nicola, to discuss financial results and future outlook. The call will include a Q&A session. A transcript will be available on their investor relations website shortly after the call.
Matthews International Corporation (NASDAQ GSM: MATW) has acquired the assets of Terrella Energy Systems, a Canadian supplier of hydrogen fuel cell technology solutions. This strategic move aims to enhance Matthews' capabilities in the renewable energy sector, specifically in lithium-ion batteries and hydrogen fuel cells. The acquisition includes Terrella's production facility in Phoenix, Arizona, further expanding Matthews' operational footprint. The integration is expected to position Matthews as a leader in the growing renewable energy market, addressing increasing demands in energy storage and automotive applications.
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