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Matthews International Corporation - MATW STOCK NEWS

Welcome to our dedicated page for Matthews International Corporation news (Ticker: MATW), a resource for investors and traders seeking the latest updates and insights on Matthews International Corporation 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.

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Matthews International (Nasdaq GSM: MATW) has announced the release of its third quarter fiscal year 2024 earnings results on August 1, 2024, after market close. The company will hold a conference call and webcast on August 2, 2024, at 9:00 a.m. Eastern Time to review their financial and operating performance and discuss future outlooks. Key participants will include CEO Joseph C. Bartolacci, CFO Steven F. Nicola, and Senior Director of Corporate Development William D. Wilson. A Q&A session will follow the presentations, and a transcript will be made available on the Investor Relations section of the company's website after the call.

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Matthews International refutes Tesla's recent allegations, claiming the lawsuit is unfounded and part of an effort to improperly acquire Matthews' intellectual property.

Tesla filed a complaint on June 14, 2024, alleging undisclosed trade secrets. Matthews asserts the claims lack specifics and intends to defend itself vigorously.

Matthews highlights its long history in developing DBE technology that reduces EV production costs, stating Tesla has been a client for years. The company believes the lawsuit won't materially impact its business.

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Matthews International (NASDAQ GSM: MATW) announced its participation in the B. Riley Securities 24th Annual Institutional Investor Conference at the Beverly Hilton Hotel, Beverly Hills, CA, on May 22, 2024.

President and CEO Joe Bartolacci, along with CFO Steve Nicola, will present and host one-on-one meetings with investors. Presentation materials will be available on the investor relations section of its website.

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Matthews International (NASDAQ: MATW) reported financial results for its second quarter of fiscal 2024. The company saw outstanding debt reduced by $19.6 million with net debt lower by $27.2 million. GAAP earnings per share remained consistent at $0.29, while non-GAAP EPS increased to $0.69. SGK reported higher sales and adjusted EBITDA compared to a year ago. Energy storage sales also saw growth. Despite challenges, the company remains confident in its long-term strategies and outlook.

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Matthews International announced the appointment of Francis Wlodarczyk to the Company's Board of Directors. With 35 years of experience in industrial automation, Mr. Wlodarczyk's background in global business leadership will enhance Matthews' strategic growth and profitability.

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Matthews International (NASDAQ GSM: MATW) declared a quarterly dividend of $0.24 per share on its common stock, payable on May 20, 2024, to stockholders of record on May 6, 2024.
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Matthews International (MATW) is set to release its second quarter fiscal year 2024 earnings results on May 2, 2024. The company will host a conference call with key executives to discuss financial and operating results, including President and CEO Joseph C. Bartolacci. Investors can participate in the call and access the webcast for further insights.
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Matthews International Corporation relocates bipolar plate manufacturing to North Carolina, supported by grant from North Carolina Rural Infrastructure Authority.
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Matthews International Corporation (MATW) reported a consolidated sales increase of $450.0 million in the first quarter of fiscal 2024, compared to $449.2 million a year ago. The company's Industrial Technologies and Memorialization segments reported sales growth, with adjusted EBITDA for SGK Brand Solutions higher than the previous year. The company also renewed its $750 million revolving credit facility in January 2024. Despite challenges in the energy business, the fiscal 2024 outlook remains unchanged.
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Matthews International Corporation (MATW) declared a dividend of $0.24 per share on its common stock, payable on February 19, 2024, to stockholders of record on February 5, 2024.
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FAQ

What are the main business segments of Matthews International Corp?

Matthews International Corp operates in three main business segments: Brand Solutions, Memorialization, and Industrial.

What is the primary source of revenue for Matthews International?

The primary source of revenue for Matthews International is its SGK Brand Solutions business.

What services does the Memorialization segment provide?

The Memorialization segment provides products and services to cemeteries and funeral homes, including bronze and granite memorials, caskets, and cremation equipment.

How many employees does Matthews International have?

Matthews International employs more than 10,000 people across six continents.

In how many locations does Matthews International operate?

Matthews International operates in more than 100 locations worldwide.

Which company did Matthews International recently acquire to enhance its Brand Solutions segment?

Matthews International recently acquired SGK, a leading brand development, activation, and deployment company.

Where does most of Matthews International's revenue come from?

Most of Matthews International's revenue is generated from sales in the United States.

What types of products does the Industrial segment of Matthews International provide?

The Industrial segment provides a range of high-quality products and services to various markets.

How long has Matthews International been a leader in the Memorialization industry?

Matthews International has been a leader in the Memorialization industry for more than 150 years.

What kind of services does the SGK Brand Solutions business offer?

SGK Brand Solutions offers brand development services, creative design, printing equipment, and embossing tools to the consumer packaged goods and packaging industries.

Matthews International Corporation

Nasdaq:MATW

MATW Rankings

MATW Stock Data

862.03M
30.71M
4.07%
83.9%
1.87%
Funeral Homes and Funeral Services
Other Services (except Public Administration)
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United States of America
PITTSBURGH