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) announced a quarterly dividend of $0.215 per share on April 28, 2021. This dividend will be payable on May 24, 2021 to stockholders of record by May 10, 2021. The company operates in brand solutions, memorialization products, and industrial technologies, with approximately 11,000 employees across over 25 countries. They emphasize delivering quality products and services to clients worldwide.
Matthews International Corporation (MATW) announces it will release its second quarter fiscal year 2021 earnings on April 29, 2021, following market close. A conference call is planned for April 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. Analysts and stakeholders can access the call via phone or webcast, with a replay available until May 14, 2021, along with a transcript later published on the company’s website.
Matthews International Corporation (NASDAQ GSM: MATW) reported a 5.9% increase in sales for Q1 FY2021, totaling $386.7 million. Adjusted net income rose to $21.6 million, with adjusted EBITDA at $54.8 million, reflecting strong performance in the Memorialization segment due to higher casket sales linked to COVID-19. The net loss decreased to $1.8 million, a significant improvement from the prior year's loss of $10.5 million. Cash flow from operations surged to $35.3 million, supporting a $9.9 million debt reduction.
Matthews International Corporation (NASDAQ: MATW) has declared a dividend of $0.215 per share on its common stock. This dividend is set to be paid on February 22, 2021, to shareholders of record as of February 8, 2021. The company operates through three segments: Brand Solutions, Memorialization, and Industrial Technologies, employing approximately 11,000 people across 25 countries. The release also includes a note on forward-looking statements and associated risks, emphasizing potential market fluctuations and changes in operational conditions.
Matthews International Corporation (MATW) plans to release its first quarter fiscal year 2021 earnings results on January 28, 2021, after market close. A conference call to review these results will be held on January 29, 2021, at 9:00 a.m. ET, featuring President and CEO Joseph C. Bartolacci and CFO Steven F. Nicola. The company offers brand solutions, memorialization products, and industrial technologies across 25 countries, employing around 11,000 people. Investors can access a replay of the call via phone or webcast after the event.
Matthews International Corporation (NASDAQ: MATW) reported strong financial results for the fourth quarter and fiscal year ended September 30, 2020. Consolidated sales for Q4 reached $399.1 million, a 1.7% increase from the previous year, driven by growth in the Memorialization segment. The company's operating cash flow hit a record $180.4 million for the year and net debt was reduced by $112.2 million. However, the full year saw a net loss of $87.2 million, primarily due to pandemic impacts. EPS for Q4 was $0.24, improving significantly from the prior year.
Matthews International Corporation (MATW) has announced a dividend increase to $0.215 per share, reflecting its commitment to cash management and strong operating cash flow. This marks the 27th consecutive annual dividend increase since becoming publicly traded. The dividend will be payable on December 14, 2020, to stockholders recorded by November 30, 2020. Despite challenging economic conditions, the Board of Directors remains confident in the Company’s cash generation capabilities.
Matthews International Corporation (MATW) announced that it will release its fourth quarter and fiscal year 2020 earnings results on November 19, 2020, after market close. A conference call will follow on November 20, 2020, at 9:00 a.m. ET to discuss these results. The call will be led by President and CEO Joseph C. Bartolacci and CFO Steven F. Nicola, with a question-and-answer session afterward. Investors can access the call via phone or webcast. Matthews International offers solutions in branding, memorialization, and industrial technology, employing approximately 11,000 people worldwide.
On October 28, 2020, SGK, a division of Matthews International Corporation (NASDAQ: MATW), announced a comprehensive rebranding to emphasize its role as a global packaging and brand experience provider. The rebranding integrates its previous brands—Anthem, Brandimage, IDL, Marque, and Schawk—under one unified identity set to launch in early 2021. The initiative accompanies an organizational redesign aimed at enhancing creativity and efficiency. SGK's president highlighted their longstanding commitment to innovation in packaging production while reflecting on their evolving market strategy.
Matthews International Corporation (NASDAQ: MATW) has appointed Lillian Etzkorn to its Board of Directors, effective October 1, 2020. Ms. Etzkorn, currently the CFO of Shiloh Industries, has extensive experience in financial leadership, having served as CFO at CPI Card Group and held senior roles at Dana Inc. and Ford Motor Company. Her expertise is expected to enhance Matthews’ financial strategy. Etzkorn will initially join the Audit Committee.
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