Welcome to our dedicated page for Matthews Intl news (Ticker: MATW), a resource for investors and traders seeking the latest updates and insights on Matthews Intl stock.
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.
On January 17, 2023, Matthews International Corporation (NASDAQ GSM: MATW) announced the nomination of Aleta Richards for election to its Board of Directors, to be voted on at the annual shareholders meeting on February 16, 2023. Dr. Richards currently serves as Executive Vice President of Specialty Films at Covestro Deutschland AG and has extensive experience in senior leadership roles across global markets, including sales, marketing, and human resources. The Board believes her international expertise and strong background will significantly benefit Matthews, enhancing its strategic direction and leadership.
PITTSBURGH, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) will release its first quarter fiscal year 2023 earnings on January 26, 2023, after market close. A conference call, scheduled for January 27 at 9:00 a.m. ET, will discuss financial results and outlook, featuring CEO Joseph C. Bartolacci and CFO Steven F. Nicola. A transcript will be available on their website post-call. Matthews provides industrial technologies, memorialization products, and brand solutions globally, employing approximately 12,000 staff across 30+ countries.
Matthews International (NASDAQ: MATW) announced over $200 million in orders for its energy storage solutions business in Q1 of fiscal 2023, surpassing its entire fiscal year 2022 revenues. This surge in orders positions the company as a leader in the electric vehicle energy storage sector, reflecting heightened industry interest. With the business having tripled over the past two years, Matthews is potentially on track for another year of significant growth, according to CEO Joseph Bartolacci.
Matthews International Corporation (NASDAQ: MATW) has engaged Barington Capital Group as a consultant to support its strategic growth. This partnership involves Barington voting its shares in favor of Matthews' nominees at the upcoming 2023 Annual Shareholders’ Meeting. Joseph C. Bartolacci, CEO of Matthews, expressed appreciation for Barington's insights, while Barington's CEO, James A. Mitarotonda, aims to enhance shareholder value through collaborative efforts. Matthews operates in various sectors, including memorialization and industrial technologies, with a global workforce of about 12,000 employees.
Matthews International Corporation (NASDAQ: MATW) reported 4th quarter sales of $457.1 million, a 4.2% increase from last year. Adjusted EBITDA rose by 7.5% to $55.9 million. For fiscal 2022, total sales were $1.76 billion, up 5.5%. Key growth drivers included the Industrial Technologies and Memorialization segments, with energy storage solutions leading the way. However, a $82.5 million goodwill impairment affected net loss, resulting in a loss of $81 million for the quarter. Looking forward, the company anticipates consolidated EBITDA between $215 million to $235 million for fiscal 2023.
Matthews International Corporation (MATW) announced a quarterly dividend increase to $0.23 per share, showcasing its strong cash flow position. This marks the 29th consecutive annual dividend increase since becoming publicly traded. The dividend is payable on December 12, 2022, to stockholders of record by November 28, 2022. CEO Joseph C. Bartolacci reaffirmed the company’s commitment to funding strategic investments and acquisitions, reflecting confidence in its financial stability for fiscal 2023.
Matthews International Corporation (Nasdaq: MATW) announced it will release its fourth quarter and fiscal year 2022 earnings after the market closes on November 17, 2022. A conference call will be held on November 18, 2022, at 9:00 a.m. ET to discuss financial results and outlook. The company specializes in industrial technologies, memorialization products, and brand solutions, employing around 11,000 people across 26 countries.
PITTSBURGH, Aug. 17, 2022 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ: MATW) has completed the acquisition of OLBRICH GmbH and R+S Automotive GmbH for €43 million (approximately $45 million). OLBRICH specializes in manufacturing equipment for lithium-ion battery components, while R+S Automotive provides engineering services for automotive manufacturing. The integration aims to enhance Matthews' capabilities in the electric vehicle and green energy sectors, positioning the company as a significant player in energy solutions with expanded global reach.
Matthews reported consolidated sales of $1.31 billion year-to-date, a 5.9% increase over the previous year. For Q3 FY2022, sales were $421.7 million, down 1.6% from Q3 FY2021. Currency impacts reduced year-to-date sales by $32.8 million and adjusted EBITDA by $6.2 million. Q3 GAAP EPS was $0.09, while non-GAAP adjusted EPS was $0.58, a 36.3% decline year-over-year. The company anticipates continued consolidated sales growth but is adjusting its earnings outlook due to foreign currency fluctuations and global market conditions.
Matthews International Corporation (NASDAQ: MATW) has declared a dividend of $0.22 per share, payable on August 22, 2022, to stockholders of record as of August 8, 2022. The company operates in three primary segments: Memorialization, Industrial Technologies, and SGK Brand Solutions, employing about 11,000 people across more than 26 countries. Their diverse offerings include memorial products, custom energy storage solutions, and packaging services, aimed at enhancing customer value and brand experiences.