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 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.
Matthews International Corporation (MATW) plans to release its first quarter fiscal year 2021 earnings results on January 28, 2021, after market close. A conference call to review these results will be held on January 29, 2021, at 9:00 a.m. ET, featuring President and CEO Joseph C. Bartolacci and CFO Steven F. Nicola. The company offers brand solutions, memorialization products, and industrial technologies across 25 countries, employing around 11,000 people. Investors can access a replay of the call via phone or webcast after the event.
Matthews International Corporation (NASDAQ: MATW) reported strong financial results for the fourth quarter and fiscal year ended September 30, 2020. Consolidated sales for Q4 reached $399.1 million, a 1.7% increase from the previous year, driven by growth in the Memorialization segment. The company's operating cash flow hit a record $180.4 million for the year and net debt was reduced by $112.2 million. However, the full year saw a net loss of $87.2 million, primarily due to pandemic impacts. EPS for Q4 was $0.24, improving significantly from the prior year.
Matthews International Corporation (MATW) has announced a dividend increase to $0.215 per share, reflecting its commitment to cash management and strong operating cash flow. This marks the 27th consecutive annual dividend increase since becoming publicly traded. The dividend will be payable on December 14, 2020, to stockholders recorded by November 30, 2020. Despite challenging economic conditions, the Board of Directors remains confident in the Company’s cash generation capabilities.
Matthews International Corporation (MATW) announced that it will release its fourth quarter and fiscal year 2020 earnings results on November 19, 2020, after market close. A conference call will follow on November 20, 2020, at 9:00 a.m. ET to discuss these results. The call will be led by President and CEO Joseph C. Bartolacci and CFO Steven F. Nicola, with a question-and-answer session afterward. Investors can access the call via phone or webcast. Matthews International offers solutions in branding, memorialization, and industrial technology, employing approximately 11,000 people worldwide.
On October 28, 2020, SGK, a division of Matthews International Corporation (NASDAQ: MATW), announced a comprehensive rebranding to emphasize its role as a global packaging and brand experience provider. The rebranding integrates its previous brands—Anthem, Brandimage, IDL, Marque, and Schawk—under one unified identity set to launch in early 2021. The initiative accompanies an organizational redesign aimed at enhancing creativity and efficiency. SGK's president highlighted their longstanding commitment to innovation in packaging production while reflecting on their evolving market strategy.
Matthews International Corporation (NASDAQ: MATW) has appointed Lillian Etzkorn to its Board of Directors, effective October 1, 2020. Ms. Etzkorn, currently the CFO of Shiloh Industries, has extensive experience in financial leadership, having served as CFO at CPI Card Group and held senior roles at Dana Inc. and Ford Motor Company. Her expertise is expected to enhance Matthews’ financial strategy. Etzkorn will initially join the Audit Committee.
Matthews International Corporation (NASDAQ: MATW) reported its financial results for Q3 FY2020, showing a decrease in consolidated sales to $359.4 million, down 5.2% year-over-year. The net income dropped significantly to $2.3 million ($0.07 per share), an 84.5% decline compared to $14.6 million in Q3 FY2019. Noteworthy was a substantial debt reduction of $104.9 million and strong operating cash flow exceeding $57 million. The Memorialization segment saw revenue growth, while the SGK Brand Solutions and Industrial Technologies segments experienced declines due to COVID-19 impacts. Adjusted EBITDA fell to $49.4 million.
Matthews International Corporation (NASDAQ: MATW) has declared a dividend of $0.21 per share, payable on August 17, 2020, to stockholders of record by August 3, 2020. The company operates across three segments: SGK Brand Solutions, Memorialization, and Industrial Technologies, employing approximately 11,000 people worldwide. The dividend declaration reflects the company's commitment to returning value to shareholders amidst ongoing economic uncertainties and operational challenges.
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