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.
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.
Matthews International Corporation (Nasdaq: MATW) will release its third quarter fiscal year 2022 earnings results after the market closes on July 28, 2022. A conference call to discuss the results and outlook is scheduled for July 29, 2022, at 9:00 a.m. ET, featuring key executives including President and CEO Joseph C. Bartolacci. This call will be accessible via phone or webcast. A transcript will be posted on the company's website following the call.
The company, established as a global leader in industrial technologies and memorialization products, employs around 11,000 employees across 26 countries.
Matthews International Corporation (NASDAQ: MATW) announced plans to acquire the engineering firms OLBRICH GmbH and R+S Automotive GmbH for EUR €43 million (approx. $45 million). With combined revenues exceeding $100 million, OLBRICH specializes in rotary processing equipment crucial for lithium-ion battery production, while R+S Automotive provides automation services for the automotive sector. The acquisition, intended to enhance Matthews' capabilities in the electric vehicle industry, is pending regulatory approval expected to close by July 2022.
Matthews International Corporation (MATW) reported record quarterly consolidated sales of $445 million, up 6.7% year-over-year, with notable growth in all segments. The Industrial Technologies segment saw a 19.7% increase in sales, driven by energy solutions. However, the company faced a net loss of $1.9 million for Q2 FY2022, a significant drop from a $5.0 million profit last year, primarily due to asset write-downs linked to geopolitical events. Despite these challenges, MATW reaffirmed its fiscal 2022 outlook, projecting continued sales growth and adjusted EBITDA of at least $220 million.
Matthews International Corporation (NASDAQ: MATW) has declared a dividend of $0.22 per share on its common stock, payable on May 23, 2022, to shareholders of record on May 9, 2022. The company operates globally in three segments: SGK Brand Solutions, Memorialization, and Industrial Technologies, employing approximately 11,000 individuals across 26 countries. This announcement underscores the company's commitment to returning value to shareholders amidst its diverse business offerings.
Matthews International Corporation (NASDAQ: MATW) will release its second quarter fiscal year 2022 earnings results on April 28, 2022, after market close. A conference call will be held on April 29, 2022, at 9:00 a.m. ET, featuring senior executives including President and CEO Joseph C. Bartolacci and CFO Steven F. Nicola. The call will cover financial results, operational performance, and future outlook. Interested parties can access the call via phone or webcast, with a transcript available afterward on the company’s investor relations website.