Profile
Sector:
IndustrialsIndustry:
ConglomeratesCountry:
United StatesIPO:
20 July 1994Website:
http://www.matw.comNext earnings report:
26 July 2024Last dividends:
03 May 2024Next dividends:
N/APrice
after hours | Mon, 01 Jul 2024 20:09:07 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
MATW Latest News
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.
Matthews International Corporation (NASDAQ:MATW ) Q4 2023 Earnings Conference Call November 17, 2023 9:00 AM ET Company Participants Steven Nicola - CFO Joseph Bartolacci - President & CEO Conference Call Participants Daniel Moore - CJS Securities Liam Burke - B. Riley Securities Justin Bergner - Gabelli Funds, LLC Operator Greetings.
Matthews International (MATW) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Matthews International (MATW) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.58 per share a year ago.
Matthews International's stock has performed well despite mediocre financial performance in recent years. This year, the picture is looking up for the most part, driven by two of the firm's operating segments. The company isn't the most stable, but some additional upside likely exists from here.
Matthews International (MATW) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.91 per share a year ago.
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 does Matthews International report earnings?
The next expected earnings date for Matthews International is 26 July 2024