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 Corporation (NASDAQ: MATW) generates a steady flow of news tied to its role as a global provider of memorialization products and industrial technologies. Company releases frequently highlight developments in its two core global businesses – Industrial Technologies and Memorialization – along with updates on its significant investment in the Propelis brand solutions business.
Investors following MATW news will see announcements on earnings results, conference calls, and financial guidance, as reflected in releases covering quarterly and full-year performance. These updates often discuss trends in the Memorialization segment, activity in Industrial Technologies, and the contribution from the Propelis investment.
Another major theme in Matthews International’s news flow is its strategic portfolio review. The company has reported transactions such as the divestiture of the SGK Brand Solutions business into Propelis, the sale of its Warehouse Automation business to Duravant, and the closing of sales of European roto-gravure packaging and tooling businesses. News items describe how these actions simplify the business mix and support debt reduction.
MATW news also covers capital structure and shareholder actions, including dividend declarations and increases, a notice of redemption for 8.625% Senior Secured Second Lien Notes due 2027, and commentary on leverage targets. Governance and shareholder matters, such as board chair transitions, proxy-related communications, and planned changes to board structure and voting standards, are also addressed in company statements.
By monitoring this news stream, readers can track Matthews International’s financial performance, portfolio moves, capital allocation decisions, and governance developments as the company pursues its stated objectives in Memorialization, Industrial Technologies, and its Propelis investment.
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.
Matthews International Corporation (MATW) will open a new facility in San Antonio, Texas, in July 2022 for refurbishing calender rolls used in lithium-ion battery production. The facility supports the expanding renewable energy market, with patented technology aimed at reducing production costs and enhancing the adoption of fuel cells in various sectors, including electric vehicles. There are plans for further expansion to include a Technical Center for application testing, reinforcing Matthews' leadership in clean energy technologies.
Matthews International Corporation (NASDAQ: MATW) has elected Alvaro Garcia-Tunon as the new Chairman of the Board following the retirement of John D. Turner, who served since 2010. Garcia-Tunon, a board member since 2009 and former CFO of Wabtec Corporation, aims to uphold the company's legacy of growth and innovation. The company operates in three segments: Brand Solutions, Memorialization, and Industrial Technologies, employing around 11,000 individuals across 26 countries.
Matthews International Corporation (MATW) announced a Joint Development Agreement (JDA) with Illuming Power Inc. to develop a production line for expanded graphite bipolar plates, reducing production costs of hydrogen fuel cells. This two-year partnership aims to accelerate mass market adoption in transportation and stationary applications. The partnership leverages Matthews' capabilities in clean energy and builds on its acquisition of Terrella Energy Systems. This initiative aligns with Matthews' growth strategy in the fast-evolving energy market.