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Matthews International Corp. - MATW STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Matthews International's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Matthews International's position in the market.

Rhea-AI Summary
Matthews International Corporation relocates bipolar plate manufacturing to North Carolina, supported by grant from North Carolina Rural Infrastructure Authority.
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End-of-Day
1.45%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.2%
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
2.69%
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dividends
Rhea-AI Summary
Matthews International Corporation (MATW) to Release First Quarter Fiscal Year 2024 Earnings Results
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Rhea-AI Summary
Matthews International Corporation (NASDAQ GSM: MATW) announced a 5.0% increase in consolidated sales for the fourth quarter, with Industrial Technologies sales up by 34%. The company reported fiscal year 2023 sales exceeding $500 million, compared to $335.5 million for FY2022. All three business segments saw higher adjusted EBITDA for the quarter. The company expects continued earnings growth and strong cash flow in fiscal 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.85%
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earnings
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Rhea-AI Summary
Matthews International Corporation (NASDAQ GSM: MATW) announces a dividend increase, with a declared dividend of $0.24 per share on the Company’s common stock. This marks the 30th consecutive annual dividend increase since the company went public. The dividend is payable on December 11, 2023, to stockholders of record on November 27, 2023, reflecting the company's strong cash flow profile and long-term growth objectives.
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Rhea-AI Sentiment
End-of-Day
0.26%
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dividends
Rhea-AI Summary
Matthews International Corporation (MATW) will release its Q4 and FY 2023 earnings results on November 16, 2023. The company will host a conference call and webcast on November 17, 2023, to review the financial and operating results. Participating in the call will be Joseph C. Bartolacci, President and CEO, Steven F. Nicola, CFO, and William D. Wilson, Senior Director, Corporate Development.
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MATW: Matthews International Corporation announces fiscal 2023 third quarter financial highlights, with sales increasing $50.2 million from a year ago, net income of $8.7 million vs. $2.9 million last year, and adjusted EBITDA 22.1% higher. The company re-affirms guidance for fiscal 2023, with a webcast scheduled for Friday, July 28, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.29%
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earnings
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Rhea-AI Summary
MATW: Matthews International Corporation Declares $0.23 Dividend Per Share, Payable on August 21, 2023
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Rhea-AI Sentiment
End-of-Day
-1.34%
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dividends
Rhea-AI Summary
Matthews International Corporation (MATW) plans to release its Q3 FY2023 earnings results on July 27, 2023. The company will host a conference call and webcast to discuss the financial and operating results and provide an outlook for the future.
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Matthews International Corp.

Nasdaq:MATW

MATW Rankings

MATW Stock Data

953.60M
29.31M
4.07%
84.48%
2.2%
Funeral Homes and Funeral Services
Other Services (except Public Administration)
Link
US
Pittsburgh

About MATW

matthews international corporation has become a leader in the industries we serve by adhering to our belief that continuous quality improvement is paramount in every aspect of our business. in 2016, matthews achieved more than $1.4 billion in sales. today, the company is divided into three distinct business segments: brand solutions, memorialization and industrial. it boasts more than 10,000 employees on six continents in more than 100 locations. matthews brand solutions services consumer products by managing brand standards across all packaging components. most recently, matthews acquired sgk, a leading brand development, activation and deployment company that drives brand performance across 20+ countries. matthews has been a leader in the memorialization industry for more than a century and a half. we serve cemeteries and funeral homes with a full range of products and services. like all other businesses, our memorialization workforce takes great pride servicing our customers with un