Matthews International Corp. reports developments from two core global businesses: Memorialization and Industrial Technologies. Memorialization news centers on memorials, caskets, cremation and incineration equipment, cemetery and funeral home customers, pricing, volume trends, acquisitions and productivity initiatives. Industrial Technologies updates include marking technologies, MPERIA® Axian Inkjet systems and proprietary dry battery electrode solutions for battery manufacturing.
Company releases also cover quarterly results, dividends on Class A common stock, debt refinancing and debt reduction, the Propelis brand solutions investment, governance actions approved at shareholder meetings and arbitration-related disclosures tied to dry battery electrode equipment.
Matthews International (MATW) plans to release fourth-quarter and fiscal-year 2026 earnings after the market closes on November 19, 2026.
The company will host a conference call and webcast on November 20, 2026, at 9:00 a.m. Eastern Time to review financial and operating results and discuss its outlook. President and CEO Mike Whitehead and Chief Financial Officer and Treasurer Daniel E. Stopar will participate, followed by a question-and-answer session. A transcript will be posted in the website's Investor Relations section as soon as available after the call.
Matthews International (MATW) announced that two directors will not seek re-election at its 2027 Annual Meeting of Shareholders.
Katherine E. Dietze and Morgan K. O'Brien informed the Board of their decisions, supporting its planned reduction from ten to eight directors. The company said their decisions also reflect support for its strategic direction and leadership transition. Michael J. Whitehead became President and Chief Executive Officer on August 31, 2026, succeeding Joseph C. Bartolacci.
Matthews expects its European engineering restructuring, initiated in fiscal 2026, to generate approximately $10 million in annual cost savings beginning in fiscal 2027. It expects to provide further information on its strategic initiatives in the coming months.
S&P Dow Jones Indices will rebalance the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 before the market opens on September 21, 2026, to keep each index aligned with its target market-cap range.
Dell Technologies, Palo Alto Networks, Arista Networks, and Sandisk will join the S&P 100, while NIKE, Honeywell Aerospace, Simon Property Group, and Colgate-Palmolive exit. Bloom Energy, Everpure, and Illumina will enter the S&P 500, replacing Molson Coors Beverage, The Trade Desk, and Builders FirstSource, which move to the S&P SmallCap 600. Multiple constituents, including HubSpot, AGNC Investment, Corcept Therapeutics, Brinker International, Herc Holdings, Delek US Holdings, AXT, Arcutis Biotherapeutics, AtriCure, Capri Holdings, Boston Beer, and others shift among the S&P MidCap 400 and S&P SmallCap 600.
Matthews International (NASDAQ: MATW) appointed Michael J. Whitehead as President and Chief Executive Officer, succeeding long‑time leader Joseph C. Bartolacci, who plans to retire after more than 20 years with the Company. The Board cited a comprehensive succession process in selecting Whitehead.
Whitehead joins from Lincoln Electric Holdings (NASDAQ: LECO), where he most recently led the Americas Welding segment, described as Lincoln Electric's largest and most profitable business with over $2.5 billion in annual revenue. From 2019 to 2025, he served as President, Global Automation, Cutting & Additive Solutions and more than doubled that business to over $1 billion in revenue. An electrical engineer and patent attorney, he has held roles in strategy, M&A, R&D, and country leadership. Matthews highlights continued focus on its Industrial Technologies and Memorialization segments and its investment in Propelis, supported by a workforce of over 4,300 employees in 15 countries.
Matthews International (NASDAQ: MATW) reported fiscal 2026 third-quarter sales of $246.0 million, down 29.6% year over year, reflecting prior divestitures and weakness in Industrial Technologies, and a net loss of $23.7 million (diluted EPS −$0.75) versus earnings of $15.4 million last year.
Adjusted EBITDA was $35.0 million for Q3 and $115.0 million year-to-date, both below prior-year levels, leading the company to reduce its fiscal 2026 adjusted EBITDA outlook to $158–$162 million, including its estimated 40% share of Propelis.
Memorialization segment sales rose to $208.1 million, supported by the Dodge acquisition, while Industrial Technologies sales declined to $38.0 million and reported negative adjusted EBITDA amid energy storage delays, engineering challenges and the ongoing Tesla dispute. The company announced a European engineering restructuring expected to yield $10 million in annual savings at a similar estimated total cost.
According to Matthews International, Propelis contributed about $10.0 million to consolidated adjusted EBITDA in Q3, and a partial redemption of its preferred equity in Propelis generated $25 million of cash, helping reduce total debt by approximately $144 million during fiscal 2026. The company continues its strategic alternatives review, following divestitures of SGK, warehouse automation and European packaging businesses, and remains focused on cost reductions and strategic partnerships in Industrial Technologies.
Matthews International (NASDAQ: MATW) announced that President and CEO Joseph C. Bartolacci will retire after nearly 29 years with the company, including 20 years as CEO. The Board of Directors has begun a succession process and will share further details later.
Bartolacci joined Matthews as General Counsel in 1997 and became CEO in 2006. According to the company, during his tenure annual revenue expanded from about $700 million to a business approaching $2 billion, supported by more than 60 acquisitions, technology investments, and an expanded global footprint.
The Board and management stated they remain focused on executing strategic priorities and ensuring a smooth leadership transition. Bartolacci will continue to support the incoming President and CEO at least through January 1, 2027.
Matthews International (NASDAQ: MATW) announced that its Board of Directors has declared a quarterly cash dividend of $0.255 per share on its common stock. The dividend will be payable on August 24, 2026 to shareholders of record as of August 10, 2026.
Matthews International (NasdaqGSM: MATW) will release its third quarter fiscal 2026 earnings after the market closes on Thursday, August 6, 2026, and will review results on a conference call and webcast on Friday, August 7, 2026 at 9:00 a.m. Eastern Time.
The call will feature President and CEO Joseph C. Bartolacci and CFO and Treasurer Daniel E. Stopar, followed by a Q&A session. Dial-in is 785-838-9251 with Conference ID Matthews, and a webcast with slides will be available. A transcript will later be posted in the Investor Relations section of the company’s website. Matthews International operates through Industrial Technologies and Memorialization segments and holds a significant investment in Propelis, a brand solutions business formed from SGK and SGS & Co.
Matthews International (NASDAQ: MATW) reported receiving $28 million from a partial redemption of its preferred equity interest in Propelis, a joint venture formed after merging SGK Brand Solutions with SGS & Co.
Management indicates Propelis is meeting expectations and highlights its ability to grow adjusted EBITDA, capture synergies, and return value to shareholders.
Matthews International (NASDAQ: MATW) reported fiscal 2026 second-quarter results highlighting higher Memorialization and Product Identification sales, a favorable arbitrator interim ruling on dry battery electrode rights, Propelis JV progress toward $60M targeted synergies, and a $300M redemption of 2027 notes that lowered interest expense. The company maintained fiscal 2026 adjusted EBITDA guidance of $180 million and will webcast results on May 1, 2026.