Profile
Sector:
IndustrialsIndustry:
ConglomeratesCountry:
United StatesIPO:
20 July 1994Website:
http://www.matw.comNext earnings report:
15 November 2024Last dividends:
05 August 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 20:20:00 GMTAnalysts recommendations
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MATW Latest News
Matthews International faces challenges due to an outstanding Tesla lawsuit casting a pall, but historically low stock levels present a potential buying opportunity as operating metrics may improve. The company's memorialization business shows promise with expected Q4 improvements, lapping declining death rates and tough comparisons. Industrial technology struggles with stalled EV battery equipment orders, but new product launches and backlog liquidation could drive consolidation in results.
Matthews International Corporation (NASDAQ:MATW ) Q3 2024 Earnings Conference Call August 2, 2024 9:00 AM ET Company Participants Bill Wilson - Senior Director-Corporate Development Joe Bartolacci - President and CEO Steve Nicola - CFO Conference Call Participants Daniel Moore - CJS Securities Justin Bergner - Gabelli Operator Greetings, and welcome to Matthews International Third Quarter Fiscal 2024 Financial Results Conference Call. At this time all participants are in a listen-only mode.
Matthews International (MATW) came out with quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.74 per share a year ago.
PITTSBURGH, July 24, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) announced that its Board of Directors declared, at its regularly scheduled meeting today, a dividend of $0.24 per share on the Company's common stock.
PITTSBURGH, July 12, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its third quarter fiscal year 2024 earnings results after the market closes on Thursday, August 1, 2024.
PITTSBURGH, June 17, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW). On Friday evening, June 14, 2024, Tesla filed a complaint in Federal District Court in the Northern District of California. The claims stated in this threadbare complaint are utterly without merit and we intend to vigorously defend the matter. Notably, the complaint vaguely references trade secrets, but fails to identify even one trade secret that Tesla purportedly disclosed to Matthews. We are continuing to evaluate this complaint and may pursue legal remedies.
MATW is facing challenges in improving unit economics despite major order wins in its EV-exposed businesses. New order generation is inconsistent in the energy segment, and economics are getting a bit lumpy. Memorialization is experiencing declines in casket sales, but new business in cremation systems may offset the decline if it comes to pass.
Matthews International Corporation (MATW) Q1 2024 Earnings Call Transcript
PITTSBURGH, Jan. 05, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its first quarter fiscal year 2024 earnings results after the market closes on Thursday, February 1, 2024.
Matthews International reported earnings with promising organic sales growth but limited profit growth in the energy businesses. The company is looking forward to the release of the printhead and potential scaling through M&A on its more attractive platforms. Industrial technologies and memorialization businesses are expected to see sales growth and potential acquisitions to improve profitability in 2024.
What type of business is Matthews International?
Matthews International Corporation is a company that provides personal services, mainly offering brand development services, products for memorials, and industrial products in the USA and Europe. The majority of Matthews' revenue comes from the SGK Brand Solutions business, which provides brand development services, printing equipment, creative design services, and embossing tools for the consumer goods and packaging industry. The company's Memorialization segment, which sells bronze and granite memorials, caskets, and cremation equipment to cemetery and funeral businesses, also makes a significant contribution. Most of Matthews' revenue comes from sales in the USA, while European clients also contribute a significant percentage. Matthews International Corporation was founded in 1850 and is headquartered in Pittsburgh, Pennsylvania.
What sector is Matthews International in?
Matthews International is in the Industrials sector
What industry is Matthews International in?
Matthews International is in the Conglomerates industry
What country is Matthews International from?
Matthews International is headquartered in United States
When did Matthews International go public?
Matthews International initial public offering (IPO) was on 20 July 1994
What is Matthews International website?
https://www.matw.com
Is Matthews International in the S&P 500?
No, Matthews International is not included in the S&P 500 index
Is Matthews International in the NASDAQ 100?
No, Matthews International is not included in the NASDAQ 100 index
Is Matthews International in the Dow Jones?
No, Matthews International is not included in the Dow Jones index
When was Matthews International the previous earnings report?
No data
When does Matthews International earnings report?
The next expected earnings date for Matthews International is 15 November 2024