MATTHEWS INTERNATIONAL CORP (MATW) SEC Filings, May-Aug 2026

Matthews International reported a Q3 2026 net loss of $23.7M (–$0.75 per share) on sales of $246.0M, down from $349.4M a year earlier. For the first nine months, sales were $789.4M versus $1,178.8M and the company recorded a small net loss of $1.9M compared with $3.0M of net income.

Results reflect significant portfolio reshaping, including a $147.6M pre‑tax gain on the warehouse automation sale and a $38.1M loss on European print divestitures, plus $17.2M of equity‑method losses from its 40% Propelis stake and $9.0M of restructuring expense. Operating cash flow was an outflow of $69.5M while divestitures generated $243.6M, helping reduce total debt to $567.3M from $710.8M and redeem $300M of 8.625% senior notes. Memorialization remained the main profit contributor; Industrial Technologies posted a nine‑month adjusted EBITDA loss of $13.2M amid project delays in the energy storage business that affected billing timing.

Matthews International Corporation reported weaker results for the third quarter of fiscal 2026 as portfolio changes and Industrial Technologies challenges weighed on earnings. Sales were $246.0 million, down 29.6% from $349.4 million a year earlier. The company posted a net loss of $23.7 million, or -$0.75 per diluted share, versus net income of $15.4 million, or $0.49 per share. Non‑GAAP adjusted EPS was $0.06, down from $0.28, and adjusted EBITDA declined to $35.0 million from $44.6 million. For the first nine months, sales fell to $789.4 million from $1,178.8 million and adjusted EBITDA to $115.0 million from $136.0 million.

Memorialization grew sales modestly to $208.1 million with relatively stable adjusted EBITDA, helped by the Dodge acquisition but pressured by lower casket and memorial volumes and higher input costs. Industrial Technologies sales dropped to $38.0 million and adjusted EBITDA to -$5.4 million, reflecting divestitures, delays in energy storage projects and an engineering restructuring expected to deliver $10 million in annual savings at a similar total cost. Brand Solutions now contributes mainly through the Propelis equity‑method investment, with $9.7 million of adjusted EBITDA in the quarter.

Management reduced full‑year adjusted EBITDA guidance to $158–$162 million (including its estimated 40% share of Propelis adjusted EBITDA and preferred equity income), citing delayed energy‑storage revenue, litigation‑related impacts in engineering and slower‑than‑planned Propelis synergies. Debt reduction remains a focus: total debt has been cut by $144 million in fiscal 2026 to $567.3 million, supported by a $25 million Propelis preferred equity redemption. Net debt was $529.7 million at June 30, 2026; operating cash flow for the year to date was a use of $69.5 million, while investing activities provided $267.4 million, largely from divestitures.

Matthews International Corporation announced that President and Chief Executive Officer Joseph C. Bartolacci has decided to retire from his roles and resign from the Board. He will remain President, CEO and a director until a successor is duly appointed and begins service, and will support the transition at least through January 1, 2027. The Board has launched a succession process and affirmed there is no dispute or disagreement underlying his decision.

Bartolacci will receive his prorated annual salary and a prorated FY 2027 bonus at target level, and will continue to participate in employee benefit plans through the Retirement Date. He joined in 1997, became CEO in 2006, oversaw more than 60 acquisitions, and guided revenue from about $700 million to a business approaching $2 billion. The company operates through Industrial Technologies and Memorialization segments, with about 4,300 employees across 15 countries on four continents.

Vanguard Portfolio Management LLC, together with certain affiliates, reports beneficial ownership of 1,260,772 shares of Matthews International Corp common stock. This represents 4.04% of the outstanding class.

The group has sole voting power over 12,576 shares and sole dispositive power over 1,260,772 shares, with no shared voting or dispositive power. The position includes securities held by various Vanguard funds and managed accounts where these entities exercise voting and/or dispositive authority. No other single person has an interest in more than 5% of the class through these holdings.

Vanguard Capital Management filed a Schedule 13G reporting passive ownership of 1,561,455 shares of Matthews International Corp common stock, representing 5% of the class as of June 30, 2026. Vanguard has sole voting power over 232,444 shares and sole dispositive power over 1,561,455 shares, with no shared voting or dispositive power. The reporting covers securities beneficially owned or deemed beneficially owned by Vanguard Capital Management LLC and certain affiliated entities and funds.

Matthews International Corporation reported that its Board of Directors declared a quarterly cash dividend of $0.255 per share on its Class A common stock. The dividend is payable on August 24, 2026 to stockholders of record as of August 10, 2026.

The company operates through two core global businesses: Industrial Technologies, focused on precision technologies and intelligent processes, and Memorialization, which provides memorials, caskets, and cremation and incineration equipment. Matthews International also holds a significant investment in Propelis, a brand solutions business, and has over 4,300 employees across 15 countries.

Matthews International director David A. Schawk reported an indirect change in holdings related to trust arrangements rather than open‑market trading. The Form 4 shows a bona fide gift of 198,014 shares of Class A Common Stock held indirectly by a trust. A separate entry reflects 220,206 indirectly held shares as trustee. The footnotes explain the filing is made solely to reflect his appointment as trustee, and he disclaims beneficial ownership of the trust shares except for any pecuniary interest. Shares held by a separate charitable trust where he has no pecuniary interest are excluded.

MATTHEWS INTERNATIONAL CORP director Francis Wlodarczyk reported the vesting of time-based restricted share units that converted into common stock. On May 14, 2026, 3,989 restricted share units converted into an equal number of Class A common shares at no cash exercise price, leaving him with 3,989 shares held directly and no remaining units from this grant. This is a compensation-related equity delivery, not an open-market purchase or sale.

Matthews International Corp executive Babe G. Brandon, President, Engineering, reported his initial ownership of company equity. He directly holds 9,367 shares of Class A common stock. He also holds several restricted share unit (RSU) awards that may convert into common stock if vesting conditions are met.

One performance-based RSU grant can convert into up to 26,000 shares of common stock based on a division achieving adjusted EBITDA targets through November 17, 2026, with continued employment required. Additional awards cover 10,000 and 12,500 underlying shares, tied to time-based vesting, ROIC metrics, and stock price appreciation, with most units vesting by November 18, 2027 and another time-based grant vesting on November 17, 2028.