Matthews International (MATW) Company Overview

Matthews International (MATW) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.37 per share a year ago.

GREENWICH, Conn.--(BUSINESS WIRE)--GAMCO Asset Management Inc. (“GAMCO”), an affiliate of GAMCO Investors, Inc. (OTCQX: GAMI), along with certain other affiliates, collectively owns approximately 4.39% of the outstanding common stock of Matthews International Corporation (NasdaqGS: MATW) (“Matthews” or the “Company”) on behalf of its clients. GAMCO understands that Barington Companies Equity Partners, L.P. (“Barington”) has notified Matthews of its intent to nominate three candidates for electi.

Highlights Matthews' Longstanding Culture of Deceit Most Recently Evidenced by its  Meandering and Misguided 68-page Presentation Believes Matthews' Status Quo is Untenable and the Election of Ana Amicarella, Chan Galbato and James Mitarotonda is Required to Drive Much-Needed Change and Long-Term Value Creation Urges Shareholders to Vote the GOLD  Proxy Card "FOR"  the Election of ALL of Barington Capital's Nominees NEW YORK , Jan. 30, 2025 /PRNewswire/ -- Barington Capital Group, L.P. ("Barington Capital"), a fundamental, value-oriented activist investor that, together with the other participants in its solicitation (collectively "Barington" or "we"), beneficially owns approximately 1.9% of the outstanding shares of common stock of Matthews International Corporation (NASDAQ: MATW) ("Matthews" or the "Company"), today sent a letter to the Company's shareholders highlighting the excuses, half-truths and lofty promises Matthews recently published in a meandering and blatantly misguided 68-page investor presentation.

PITTSBURGH, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) announced that its Board of Directors declared, at its regularly scheduled meeting today, a dividend of $0.25 per share on the Company's common stock.

Urges Shareholders to Vote “FOR” All Three of Matthews' Director Nominees on the WHITE Proxy Card and “WITHHOLD” on Barington's Director Nominees Urges Shareholders to Vote “FOR” All Three of Matthews' Director Nominees on the WHITE Proxy Card and “WITHHOLD” on Barington's Director Nominees

PITTSBURGH, Jan. 10, 2025 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its first quarter fiscal year 2025 earnings results after the market closes on Thursday, February 6, 2025.

Sends Letter to Shareholders Outlining Barington Capital's Four-Step Plan to Drive Long-Term Value Creation at Matthews Highlights Need for New Directors and a New CEO Following Years of Share Price Underperformance, Poor Operational Execution and Capital Allocation, Excessive Spending and Empty Promises Urges Shareholders to Vote the GOLD  Proxy Card "FOR"   ALL  Barington Capital Nominees NEW YORK , Jan. 10, 2025 /PRNewswire/ -- Barington Capital Group, L.P. ("Barington Capital"), a fundamental, value-oriented activist investor that, together with certain affiliates (collectively "Barington" or "we") beneficially owns approximately 1.9% of the outstanding common stock of Matthews International Corporation (NASDAQ: MATW) ("Matthews" or the "Company"), today announced that it has filed a definitive proxy statement in connection with its nomination of Ana B.

The sale of SGK Brands Solutions at a higher-than-expected valuation is a major win, boosting Matthews International Corporation's stock price and aiding deleveraging efforts. The $250 million cash consideration and additional receivables will significantly reduce MATW's net financial position and interest costs, possibly by around 33%. The focus now shifts to the stable and profitable memorialization business and the industrial tech segment, which has potential for a turnaround.

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