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Overview of Matthews International Corporation
Matthews International Corporation (NASDAQ: MATW) is a globally diversified company operating across three primary business segments: Brand Solutions, Memorialization, and Industrial Technologies. With a history spanning over 175 years, the company has built a robust reputation for delivering innovative, high-quality products and services to a wide range of industries. Headquartered in Pittsburgh, Pennsylvania, Matthews maintains a significant global presence, with operations in more than 30 countries and a workforce of over 11,000 employees.
Brand Solutions Segment
Matthews’ Brand Solutions segment specializes in providing comprehensive packaging and brand management services. Through its acquisition of SGK, a globally recognized brand activation and deployment company, Matthews supports consumer packaged goods (CPG) companies by ensuring consistency in brand standards across packaging components. This segment offers services such as creative design, printing equipment, and embossing tools, helping businesses amplify their brand presence and streamline marketing efforts. By leveraging its expertise in packaging solutions, Matthews plays a critical role in enhancing the market performance of its clients.
Memorialization Segment
A cornerstone of Matthews’ operations, the Memorialization segment serves the funeral and cemetery industries with a comprehensive range of products and services. These include bronze and granite memorials, caskets, cremation equipment, and related products designed to help families honor and remember their loved ones. With over a century and a half of experience, Matthews has become a trusted partner for funeral homes and cemeteries worldwide. This segment’s consistent cash flow underscores its importance to the company’s overall financial stability.
Industrial Technologies Segment
The Industrial Technologies segment represents Matthews’ commitment to innovation and technological advancement. This division focuses on the design, manufacturing, and distribution of cutting-edge solutions, including high-tech energy storage systems, product identification technologies, and warehouse automation solutions. Notably, Matthews has made significant strides in the development of dry battery electrode (DBE) technology, which supports the growing electric vehicle (EV) market. By addressing critical industrial needs, this segment positions Matthews as a forward-thinking leader in industrial technology.
Global Reach and Market Significance
Matthews International’s operations span six continents, enabling the company to serve diverse markets and industries effectively. Its global footprint and diversified business model provide resilience against economic fluctuations and industry-specific challenges. The company’s ability to integrate traditional craftsmanship with modern technological solutions sets it apart in competitive landscapes.
Competitive Landscape
In the Brand Solutions segment, Matthews competes with other packaging and branding firms, differentiating itself through its global capabilities and comprehensive service offerings. The Memorialization segment faces competition from regional and global providers of memorial products, while the Industrial Technologies segment contends with other innovators in energy storage and automation technologies. Matthews’ strategic focus on innovation, quality, and customer-centric solutions enables it to maintain a competitive edge.
Commitment to Quality and Innovation
Matthews International’s long-standing commitment to quality and innovation is evident across all its business segments. By continuously investing in research and development, the company ensures its offerings remain relevant and impactful. This dedication to improvement not only enhances customer satisfaction but also solidifies Matthews’ position as a trusted partner in its industries.
Matthews International Corporation (NASDAQ GSM: MATW) has declared a $0.22 per share dividend on its common stock, set to be paid on February 21, 2022 to shareholders of record as of February 7, 2022. The company operates globally with approximately 11,000 employees across 26 countries, providing brand solutions, memorialization products, and industrial technologies. The dividend reflects the company’s commitment to returning value to its shareholders amidst its diverse operations and market presence.
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.
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