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 (NASDAQ: MATW) has announced the continuation of its stock repurchase program, allowing for the purchase of an additional 2,500,000 shares. As of June 30, 2021, around 325,000 shares remain to be purchased under the current authorization. The Board's decision underscores confidence in the company's long-term value creation strategy and ability to generate strong cash flow. This buyback program aims to return capital to shareholders alongside quarterly cash dividends.
Matthews International Corporation (NASDAQ: MATW) reported record sales of $428.4 million in Q3 FY2021, a 19.2% increase from the previous year. The net income was $3.4 million ($0.10 per share) while the adjusted net income reached $29.3 million ($0.91 per share). Adjusted EBITDA rose to $60.0 million, a 21.5% increase year-over-year. The company raised its fiscal 2021 adjusted EBITDA outlook to at least $225 million. Despite rising commodity costs impacting margins, all segments reported sales growth, indicating a recovery from COVID-19 impacts.
Matthews International Corporation (NASDAQ: MATW) has declared a $0.215 dividend per share on its common stock, payable on August 23, 2021, to stockholders of record as of August 9, 2021. This announcement reflects the company's commitment to returning value to shareholders. Matthews International operates globally across three segments: Brand Solutions, Memorialization, and Industrial Technologies, employing around 11,000 people in over 25 countries. The company is positioned to navigate economic conditions while supporting its operational segments.
Matthews International Corporation (MATW) will release its third quarter fiscal 2021 earnings results on July 29, 2021, after market close. A conference call is scheduled for July 30, 2021, at 9:00 a.m. ET, featuring CEO Joseph C. Bartolacci and CFO Steven F. Nicola, to discuss financial results and future outlook. The call will include a Q&A session. A transcript will be available on their investor relations website shortly after the call.
Matthews International Corporation (NASDAQ GSM: MATW) has acquired the assets of Terrella Energy Systems, a Canadian supplier of hydrogen fuel cell technology solutions. This strategic move aims to enhance Matthews' capabilities in the renewable energy sector, specifically in lithium-ion batteries and hydrogen fuel cells. The acquisition includes Terrella's production facility in Phoenix, Arizona, further expanding Matthews' operational footprint. The integration is expected to position Matthews as a leader in the growing renewable energy market, addressing increasing demands in energy storage and automotive applications.
Matthews International Corporation (MATW) reported record quarterly sales of $417.2 million for Q2 FY2021, an 11.3% increase compared to last year. Net income reached $5.0 million ($0.16 per share), showing a turnaround from a $86.4 million loss a year ago. Adjusted EBITDA rose to $60.9 million from $49.4 million, driven by the Memorialization segment's sales growth of 27.0%. Year-to-date figures highlight a sales increase of 8.7% and a significant debt reduction of $183.3 million since March 2020.
Matthews International Corporation (NASDAQ: MATW) announced a quarterly dividend of $0.215 per share on April 28, 2021. This dividend will be payable on May 24, 2021 to stockholders of record by May 10, 2021. The company operates in brand solutions, memorialization products, and industrial technologies, with approximately 11,000 employees across over 25 countries. They emphasize delivering quality products and services to clients worldwide.
Matthews International Corporation (MATW) announces it will release its second quarter fiscal year 2021 earnings on April 29, 2021, following market close. A conference call is planned for April 30, 2021, at 9:00 a.m. ET, featuring CEO Joseph C. Bartolacci and CFO Steven F. Nicola, to discuss financial results and future outlook. The call will include a Q&A session. Analysts and stakeholders can access the call via phone or webcast, with a replay available until May 14, 2021, along with a transcript later published on the company’s website.
Matthews International Corporation (NASDAQ GSM: MATW) reported a 5.9% increase in sales for Q1 FY2021, totaling $386.7 million. Adjusted net income rose to $21.6 million, with adjusted EBITDA at $54.8 million, reflecting strong performance in the Memorialization segment due to higher casket sales linked to COVID-19. The net loss decreased to $1.8 million, a significant improvement from the prior year's loss of $10.5 million. Cash flow from operations surged to $35.3 million, supporting a $9.9 million debt reduction.
Matthews International Corporation (NASDAQ: MATW) has declared a dividend of $0.215 per share on its common stock. This dividend is set to be paid on February 22, 2021, to shareholders of record as of February 8, 2021. The company operates through three segments: Brand Solutions, Memorialization, and Industrial Technologies, employing approximately 11,000 people across 25 countries. The release also includes a note on forward-looking statements and associated risks, emphasizing potential market fluctuations and changes in operational conditions.