Recent Insider Transactions • Aug 11
Independent Director recently bought €102k worth of stock On the 10th of August, David Schawk bought around 5k shares on-market at roughly €20.43 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Aug 07
Third quarter 2026 earnings released: US$0.75 loss per share (vs US$0.49 profit in 3Q 2025) Third quarter 2026 results: US$0.75 loss per share (down from US$0.49 profit in 3Q 2025). Revenue: US$246.0m (down 30% from 3Q 2025). Net loss: US$23.7m (down 254% from profit in 3Q 2025). Revenue is expected to decline by 3.3% p.a. on average during the next 3 years, while revenues in the Consumer Services industry in Europe are expected to grow by 4.8%. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 17% per year. Declared Dividend • Aug 04
Second quarter dividend of US$0.26 announced Shareholders will receive a dividend of US$0.26. Ex-date: 10th August 2026 Payment date: 24th August 2026 Dividend yield will be 3.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (326% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 263% to bring the payout ratio under control. EPS is expected to grow by 91% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Tillkännagivande • Jul 18
Matthews International Corporation to Report Q3, 2026 Results on Aug 06, 2026 Matthews International Corporation announced that they will report Q3, 2026 results After-Market on Aug 06, 2026 Tillkännagivande • May 02
Matthews International Declares Quarterly Dividend, Payable on May 25, 2026 Matthews International Corporation announced that its Board of Directors declared, at its regularly scheduled meeting, a dividend of $0.255 per share on the Company's common stock. The dividend is payable May 25, 2026 to stockholders of record May 11, 2026. Tillkännagivande • Apr 11
Matthews International Corporation to Report Q2, 2026 Results on Apr 30, 2026 Matthews International Corporation announced that they will report Q2, 2026 results at 4:00 PM, US Eastern Standard Time on Apr 30, 2026 Tillkännagivande • Feb 20
Matthews International Corporation Announces Management Changes Matthews International Corporation at its Annual Meeting of Shareholders held on February 19, 2026 selected J. Michael Nauman to replace Alvaro Garcia-Tunon as Chairman of the Board. Mr. Nauman was first appointed to Matthews' Board of Directors in February 2025. Retired as President, Chief Executive Officer, and Director of Brady Corporation, and previously of Molex Incorporated, Ohio Associate Enterprises, and Arthur Andersen and Co., Mr. Nauman is a highly experienced executive with over 35 years of commercial, strategic, and financial expertise. Tillkännagivande • Jan 29
Matthews International Corporation Declares Quarterly Dividend, Payable on February 23, 2026 Matthews International Corporation announced that its Board of Directors declared, at its regularly scheduled meeting on January 28, 2026, a dividend of $0.255 per share on the Company's common stock. The dividend is payable February 23, 2026 to stockholders of record February 9, 2026. Tillkännagivande • Jan 21
Matthews International Corporation, Annual General Meeting, Feb 19, 2026 Matthews International Corporation, Annual General Meeting, Feb 19, 2026. Tillkännagivande • Jan 10
Matthews International Corporation to Report Q1, 2026 Results on Feb 03, 2026 Matthews International Corporation announced that they will report Q1, 2026 results After-Market on Feb 03, 2026 Tillkännagivande • Jan 02
Duravant LLC completed the acquisition of Warehouse Automation Business of Matthews International Corporation (NasdaqGS:MATW) for $232.1 million. Duravant LLC signed a definitive agreement to acquire Warehouse Automation Business of Matthews International Corporation (NasdaqGS:MATW) for $230 million on November 13, 2025. The consideration comprises $223.3 million in cash and the assumption of certain liabilities. The cash proceeds from the sale will be used to reduce debt and strengthen balance sheet. The Warehouse Automation business will become part of Duravant’s Material Handling operating group.
The Warehouse Automation business generated $72 million in sales for fiscal 2025.
The transaction is subject to customary regulatory approvals and is expected to close before the end of Matthews' fiscal 2026 second quarter. The total purchase price represents a compelling valuation multiple that is significantly accretive to Matthews' current trading range.
J.P. Morgan Securities LLC acted as financial advisor for Matthews International Corporation. K&L Gates LLP acted as legal advisor for Matthews International Corporation.
Duravant LLC completed the acquisition of Warehouse Automation Business of Matthews International Corporation (NasdaqGS:MATW) for $232.1 million on December 31, 2025. Tillkännagivande • Nov 08
Matthews International Corporation to Report Q4, 2025 Results on Nov 20, 2025 Matthews International Corporation announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Nov 20, 2025 Tillkännagivande • Sep 25
Matthews International Corporation Unveils Its Proprietary Axian Inkjet (Xij) Printing Technology Matthews International Corporation announced that its business, Matthews Marking Systems, is unveiling its proprietary Axian Inkjet (XIJ) printing technology, a breakthrough innovation redefining high-speed, high-resolution product marking for consumer-packaged goods (CPG) and fast-moving consumer goods (FMCG) industries. Utilizing XIJ, the new MPERIA®? Axian XIJ AX1000 Series printer (scheduled to launch next week at the 2025 Pack Expo in Las Vegas) merges the best attributes of Continuous Inkjet (CIJ) and Thermal Inkjet (TIJ) into a single, high-performance platform. Developed by Matthews Marking Systems engineers, XIJ leverages proprietary micro-electromechanical systems (MEMS) technology to deliver a column of ink droplets simultaneously--unlike traditional CIJ systems that eject droplets sequentially. This enables crisp, consistent, high-resolution marks at unprecedented speeds. Key Advantages of XIJ Technology: Simultaneously prints 2D codes and multi-line text without reducing line speed; Lowered total cost of ownership (TCO) by eliminating make up fluids and reducing maintenance costs; Full print resolution at faster speeds compared to CIJ; User adjustable ink controls for clear, high-quality marks. XIJ vs. Traditional Inkjet: Feature Traditional Inkjet (CIJ/TIJ) MEMS-Based (Axian XIJ) Valve Control Mechanical/Electromagnetic Micro-valve MEMS Resolution at 8mm Up to 70 DPI 100 DPI; The Maintenance Complex, frequent Simple, infrequent; Make Up Fluids As needed; Environmental Impact Solvent fumes (CIJ only) Closed system, eco-friendly; Speed & Flexibility Limited for 2D codes (CIJ only) Full speed, 2D/linear codes; Closed Ink System for Eco-Friendly Operation: The MPERIA®? Axians XIJ features a closed ink system that eliminates the need for solvent additives, reducing emissions and supporting sustainable operations. The system draws less than 25 watts of power and is housed in a stainless-steel enclosure for nearly maintenance-free use. Performance Highlights: Speed: Up to 200 ft/min (60 m/min); Resolution: Up to 100 DPI; Print Height: Up to 0.50" (13 mm); Lines of Text: Up to five; throw Distance: 8 mm (optimal); Startup Time: Under one minute; Ink System: Single 800 ml cartridge, no make-up solvent required. Versatile Substrate Compatibility:XIJ technology enables confident marking on a wide range of materials, including: Flexible films (PET, OPP); Coated cardboard and chipboard; Plastics (PVC, HDPE, LDPE); Environmental & Operational Benefits; Closed system: No solvent fumes or emissions; Lower power consumption: Reduced carbon footprint; Compact design: Easy to install and position on manufacturing lines. Tillkännagivande • Jul 31
Matthews International Corporation Declares a Dividend, Payable on August 25, 2025 Matthews International Corporation announced that its Board of Directors declared a dividend of $0.25 per share on the Company’s common stock. The dividend is payable August 25, 2025 to stockholders of record August 11, 2025. Tillkännagivande • Jul 11
Matthews International Corporation to Report Q3, 2025 Results on Aug 05, 2025 Matthews International Corporation announced that they will report Q3, 2025 results After-Market on Aug 05, 2025 Tillkännagivande • May 01
Matthews International Declares Quarterly Dividend, Payable on May 26, 2025 Matthews International Corporation announced that its Board of Directors declared, at its regularly scheduled meeting a dividend of $0.25 per share on the Company’s common stock. The dividend is payable May 26, 2025 to stockholders of record May 12, 2025. Tillkännagivande • Apr 12
Matthews International Corporation to Report Q2, 2025 Results on Apr 30, 2025 Matthews International Corporation announced that they will report Q2, 2025 results After-Market on Apr 30, 2025 Tillkännagivande • Mar 13
Matthews International Corporation has filed a Follow-on Equity Offering. Matthews International Corporation has filed a Follow-on Equity Offering.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 1,250,000
Transaction Features: At the Market Offering Tillkännagivande • Feb 22
Matthews International Corporation Elects J. Michael Nauman as Director Matthews International Corporation at its Annual Meeting of Shareholders held on February 20, 2025 elected J. Michael Nauman as director for a term of three years. He was elected to serve until the Company’s 2028 Annual Meeting of Shareholders and until his successor is elected and qualified or until his earlier death, resignation or removal. Tillkännagivande • Feb 17
Matthews International Corporation Appoints Thomas Gebhardt to the Board of Directors Matthews International Corporation announced that Thomas Gebhardt has been appointed to the company’s board of directors, effective immediately. As previously announced on January 24, 2025, Gregory S. Babe informed Matthews that he would not stand for re-election to the Company’s Board at the 2026 Annual Meeting of Shareholders. As a result of the addition of Mr. Gebhardt to the Matthews Board, Mr. Babe has resigned from the Board, effective immediately. Mr. Gebhardt brings deep industrial automation and battery expertise to Matthews, including over 30 years of experience at Panasonic where he most recently served as Chairman and Chief Executive Officer of Panasonic’s North American business. Under his leadership at Panasonic, the company transitioned from a consumer electronics firm to a successful provider of devices and systems solutions in the industrial and technology sectors. Mr. Gebhardt is recognized for having significantly expanded the company’s presence in Automotive, growing the business to more than $2.8 billion in revenue over a five-year period. In batteries specifically, he grew the business from multi millions to billions of dollars in revenue. Notably, Mr. Gebhardt led Panasonic’s partnership with Toyota and was intimately involved with the development of the exclusive supply relationship between Panasonic and Tesla, including leading Tesla’s Reno based Gigafactory project, which produces the majority of lithium batteries for Tesla’s electric vehicles. Most recently, Mr. Gebhardt served as Interim CEO of Imprint Energy, a printable battery printing company that was acquired by CCL Industries in 2023. Tillkännagivande • Feb 13
Barington Capital Sends Letter to Shareholders of Matthews International On February 12, 2025, Barington Capital Group, L.P. sent a letter to Matthews International Corporation’s shareholders highlighting unanimous support for the election of its director nominees – Ana B. Amicarella, Chan W. Galbato, and James Mitarotonda – to the Company’s Board of Directors by all 3 independent proxy advisory firms, ISS, Glass Lewis and Egan-Jones, as well as the Company’s dismal fiscal 2025 first quarter earnings results. Barington Capital also stated that it has uploaded material to https://barington.com/matthews. Tillkännagivande • Feb 06
Matthews International Announces Positive Ruling in Arbitration with Tesla Matthews International Corporation provided an update on the ongoing business dispute involving Tesla. On February 5, 2025, an arbitrator issued a decision on an arbitration demand filed by Matthews against Tesla in January 2024. This ruling acknowledged Matthews’ extensive, pre-Tesla background in manufacturing advanced Dry Battery Electrode (“DBE”) technology and affirmed that the Company has the right to sell its solutions to customers other than Tesla. Matthews intends to immediately resume marketing, selling and delivering its DBE products to other customers in the growing electric vehicle market, where battery and automobile equipment manufacturers from around the world seek to adopt Matthews’ innovative solutions. On November 5, 2024, Matthews was awarded U.S. Patent No. 12,136,727 B2 entitled Systems for Manufacturing a Dry Electrode, and Matthews expects this foundational work to lead to further innovations and developments to support the expanding DBE industry. After exhausting efforts to negotiate a resolution to a dispute with its DBE customer Tesla that arose over a year ago, Matthews was forced to seek a declaratory judgment in a binding arbitration regarding Matthews’ rights to continue selling its innovative DBE solutions to others. While this arbitration was ongoing, Tesla initiated duplicative litigation in federal court, vaguely alleging that Matthews had stolen Tesla’s trade secrets, notwithstanding its agreement to arbitrate all such disputes. Given Tesla’s decision to file a public action against Matthews in June of 2024 and in light of the importance of the arbitrator’s ruling, Matthews is compelled to update the market on this matter. Tillkännagivande • Jan 30
Matthews International Declares Quarterly Dividend, Payable on February 24, 2025 Matthews International Corporation announced that its Board of Directors declared, at its regularly scheduled meeting on January 29, 2025, a dividend of $0.25 per share on the Company’s common stock. The dividend is payable February 24, 2025 to stockholders of record February 10, 2025. Tillkännagivande • Jan 27
Matthews International Corporation Announces Gregory S. Babe Will Not Stand for Re-Election as Board of Directors On January 24, 2025, Gregory S. Babe informed Matthews International Corporation that he will not stand for re-election to the Company’s Board of Directors at the Company’s 2026 Annual Meeting of Shareholders. Tillkännagivande • Jan 11
Matthews International Corporation to Report Q1, 2025 Results on Feb 06, 2025 Matthews International Corporation announced that they will report Q1, 2025 results After-Market on Feb 06, 2025 Tillkännagivande • Jan 08
Matthews International Corporation, Annual General Meeting, Feb 20, 2025 Matthews International Corporation, Annual General Meeting, Feb 20, 2025. Tillkännagivande • Dec 11
Barington Capital Sends Letter to Matthews International On December 10, 2024, Barington Capital Group, L.P. announced that it has sent a letter to the Chairman of Matthews International Corporation stating that highlighting it's belief regarding the immediate need for new leadership at the Company and the steps the Company must take to improve long-term value for shareholders, called for the prompt replacement of CEO Joseph C. Bartolacci following 18 years of unacceptable capital allocation, dismal share price performance, poor execution and excessive spending. In addition, Barington Capital stated that it believes Company must also reduce indebtedness, explore options to divest underperforming businesses and improve corporate governance to unlock trapped value. Further, Barington Capital stated that it nominated 3 directors with strong boardroom skills and experience as well as proven track records of creating long-term value for shareholders in connection with the 2025 annual meeting of shareholders. Tillkännagivande • Nov 21
Matthews International Increases Quarterly Dividend, Payable on December 16, 2024 Matthews International Corporation announced that its Board of Directors declared, at its regularly scheduled meeting on November 20, 2024, a dividend of $0.25 per share on the Company’s common stock, representing an increase to the Company’s quarterly dividend rate. The dividend is payable December 16, 2024 to stockholders of record December 2, 2024. Tillkännagivande • Nov 09
Matthews International Corporation to Report Q4, 2024 Results on Nov 21, 2024 Matthews International Corporation announced that they will report Q4, 2024 results After-Market on Nov 21, 2024 Reported Earnings • Aug 02
Third quarter 2024 earnings released: EPS: US$0.057 (vs US$0.28 in 3Q 2023) Third quarter 2024 results: EPS: US$0.057 (down from US$0.28 in 3Q 2023). Revenue: US$427.8m (down 9.3% from 3Q 2023). Net income: US$1.78m (down 80% from 3Q 2023). Profit margin: 0.4% (down from 1.9% in 3Q 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 29
Second quarter dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 5th August 2024 Payment date: 19th August 2024 Dividend yield will be 3.5%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (88% earnings payout ratio) but not covered by cash flows (214% cash payout ratio). The dividend has increased by an average of 8.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 130% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Jul 25
Matthews International Corporation Declares Quarterly Dividend, Payable on August 19, 2024 Matthews International Corporation announced that its Board of Directors declared, at its regularly scheduled meeting held on July 24, 2024, a dividend of $0.24 per share on the Company’s common stock. The dividend is payable on August 19, 2024 to stockholders of record August 5, 2024. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €24.68, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 13x in the Commercial Services industry in Germany. Total loss to shareholders of 7.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.45 per share. Tillkännagivande • Jul 13
Matthews International Corporation to Report Q3, 2024 Results on Aug 01, 2024 Matthews International Corporation announced that they will report Q3, 2024 results After-Market on Aug 01, 2024 Tillkännagivande • Jun 19
Matthews International Corporation Refutes Tesla Allegations Matthews International Corporation announced on 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 it 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. The company is continuing to evaluate this complaint and may pursue legal remedies. Contrary to the allegations in the complaint, Tesla’s lawsuit is simply a new tactic in their ongoing efforts to bully Matthews and improperly take Matthews’ valuable intellectual property. Furthermore, Tesla’s complaint attempts to restrict the company from offering its innovative solutions to others, preventing the market from significantly benefiting from the savings associated with its dry battery electrode (DBE) solutions, and thus interfering with Matthews’ ability to realize the value of its intellectual property. Reported Earnings • May 03
Second quarter 2024 earnings released: EPS: US$0.29 (vs US$0.30 in 2Q 2023) Second quarter 2024 results: EPS: US$0.29 (down from US$0.30 in 2Q 2023). Revenue: US$471.2m (down 1.7% from 2Q 2023). Net income: US$9.03m (down 1.1% from 2Q 2023). Profit margin: 1.9% (in line with 2Q 2023). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 29
First quarter dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 3rd May 2024 Payment date: 20th May 2024 Dividend yield will be 3.5%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (87% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 106% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Apr 27
Matthews International Corporation Appoints Francis Wlodarczyk to Board of Directors Matthews International Corporation announced that Francis Wlodarczyk has been appointed to the Companys Board of Directors. Mr. Wlodarczyk brings 35 years of experience in industrial automation, working with global and regional manufacturers in many industries, including automotive, material handling, packaging and consumer products. Most recently, Mr. Wlodarczyk served as Senior Vice President, Intelligent Devices at Rockwell Automation located in Milwaukee, Wisconsin. In this role, he led a multi-billion-dollar global business, responsible for strategic direction, growth, and profitability. Throughout his tenure at Rockwell Automation, Mr. Wlodarczyk served in multiple senior leadership positions in the U.S. and Europe, including roles in general management, strategy development, sales, business development and engineering. Mr. Wlodarczyks appointment to the Board of Directors is the result of an extensive process conducted by the Company. Mr. Wlodarczyk has been appointed to the class of directors whose terms expire at the 2026 Annual Meeting of the Shareholders of the Company. Tillkännagivande • Apr 25
Matthews International Corporation Declares Quarterly Dividend, Payable on May 20, 2024 Matthews International Corporation announced that its board of directors declared, at its regularly scheduled meeting on April 24, 2024, a quarterly dividend of $0.24 per share on the company’s common stock. The dividend is payable May 20, 2024 to stockholders of record May 6, 2024. Tillkännagivande • Apr 09
Matthews International Corporation to Report Q2, 2024 Results on May 02, 2024 Matthews International Corporation announced that they will report Q2, 2024 results After-Market on May 02, 2024 Reported Earnings • Feb 02
First quarter 2024 earnings released: US$0.074 loss per share (vs US$0.12 profit in 1Q 2023) First quarter 2024 results: US$0.074 loss per share (down from US$0.12 profit in 1Q 2023). Revenue: US$450.0m (flat on 1Q 2023). Net loss: US$2.30m (down 162% from profit in 1Q 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year. Declared Dividend • Jan 29
Fourth quarter dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 2nd February 2024 Payment date: 19th February 2024 Dividend yield will be 2.8%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not covered by cash flows (102% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 58% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Jan 25
Matthews International Declares Quarterly Dividend, Payable February 19, 2024 Matthews International Corporation announced that its Board of Directors declared, at its regularly scheduled meeting on January 24, 2024, a dividend of $0.24 per share on the Company’s common stock. The dividend is payable February 19, 2024 to stockholders of record February 5, 2024. Tillkännagivande • Jan 06
Matthews International Corporation to Report Q1, 2024 Results on Feb 01, 2024 Matthews International Corporation announced that they will report Q1, 2024 results After-Market on Feb 01, 2024 Tillkännagivande • Jan 02
Matthews International Corporation, Annual General Meeting, Feb 15, 2024 Matthews International Corporation, Annual General Meeting, Feb 15, 2024, at 09:00 US Eastern Standard Time. Agenda: To elect four directors of the Company for a term of three years; to approve an amendment to the Company's Amended and Restated By-laws to limit the personal liability of the Company's officers for monetary damages; to ratify the appointment of Ernst & Young LLP as the independent registered public accounting firm to audit the records of the Company for the fiscal year ending September 30, 2024; to provide an advisory (non-binding) vote on the executive compensation of the Company's named executive officers; and to transact such other business as may properly come before the meeting. Reported Earnings • Nov 19
Full year 2023 earnings released: EPS: US$1.28 (vs US$3.18 loss in FY 2022) Full year 2023 results: EPS: US$1.28 (up from US$3.18 loss in FY 2022). Revenue: US$1.88b (up 6.7% from FY 2022). Net income: US$39.3m (up US$139.1m from FY 2022). Profit margin: 2.1% (up from net loss in FY 2022). Revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Nov 18
Matthews International Corporation Provides Earnings Guidance for the Fiscal Year 2024 Matthews International Corporation provided earnings guidance for the fiscal year 2024. For the year, the company expects another year of consolidated growth in sales. New Risk • Nov 17
New major risk - Revenue and earnings growth Earnings have declined by 34% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 34% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making. Tillkännagivande • Nov 17
Matthews International Corporation Announces Quarterly Dividend on Common Stock, Payable on December 11, 2023 Matthews International Corporation announced that its Board of Directors declared, at its regularly scheduled meeting held on November 15, 2023, a dividend of $0.24 per share on the Company's common stock, representing an increase to the Company's quarterly dividend rate. The dividend is payable on December 11, 2023 to stockholders of record November 27, 2023. Tillkännagivande • Nov 04
Matthews International Corporation to Report Q4, 2023 Results on Nov 16, 2023 Matthews International Corporation announced that they will report Q4, 2023 results After-Market on Nov 16, 2023 Board Change • Nov 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 8 highly experienced directors. Director Aleta Richards was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 28
Third quarter 2023 earnings released: EPS: US$0.28 (vs US$0.093 in 3Q 2022) Third quarter 2023 results: EPS: US$0.28 (up from US$0.093 in 3Q 2022). Revenue: US$471.9m (up 12% from 3Q 2022). Net income: US$8.74m (up 202% from 3Q 2022). Profit margin: 1.9% (up from 0.7% in 3Q 2022). Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Jul 27
Matthews International Corporation Declares Quarterly Dividend, Payable on August 21, 2023 Matthews International Corporation announced that its Board of Directors declared, at its regularly scheduled meeting on July 26, 2023, a dividend of $0.23 per share on the Company’s common stock. The dividend is payable August 21, 2023 to stockholders of record August 7, 2023. Tillkännagivande • Jul 08
Matthews International Corporation to Report Q3, 2023 Results on Jul 27, 2023 Matthews International Corporation announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Jul 27, 2023 Reported Earnings • Apr 30
Second quarter 2023 earnings released: EPS: US$0.29 (vs US$0.06 loss in 2Q 2022) Second quarter 2023 results: EPS: US$0.29 (up from US$0.06 loss in 2Q 2022). Revenue: US$479.6m (up 7.8% from 2Q 2022). Net income: US$9.13m (up US$11.0m from 2Q 2022). Profit margin: 1.9% (up from net loss in 2Q 2022). Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jan 29
Matthews International Corporation Provides Consolidated Sales Guidance for the Reminder of Year 2023 Matthews International Corporation provided consolidated sales guidance for the reminder of year 2023. As look forward to the balance of 2023, the company is expecting continued consolidated sales growth. Reported Earnings • Jan 27
First quarter 2023 earnings released: EPS: US$0.12 (vs US$0.62 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.12 (up from US$0.62 loss in 1Q 2022). Revenue: US$449.2m (up 2.4% from 1Q 2022). Net income: US$3.70m (up US$23.5m from 1Q 2022). Profit margin: 0.8% (up from net loss in 1Q 2022). Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jan 27
Matthews International Corporation Declares Quarterly Dividend, Payable on February 20, 2023 Matthews International Corporation announced that its Board of Directors declared, at its regularly scheduled meeting held on January 25, 2023, a dividend of $0.23 per share on the company’s common stock. The dividend is payable February 20, 2023 to stockholders of record February 6, 2023. Tillkännagivande • Jan 18
Matthews International Corporation, Annual General Meeting, Feb 16, 2023 Matthews International Corporation, Annual General Meeting, Feb 16, 2023, at 09:00 US Eastern Standard Time. Agenda: To elect three directors of the Company for a term of three years; to approve the adoption of the Amended and Restated 2019 Director Fee Plan; to ratify the appointment of Ernst & Young LLP as the independent registered public accounting firm to audit the records of the Company for the fiscal year ending September 30, 2023; to provide an advisory (non-binding) vote on the executive compensation of the Company’s named executive officers; to provide an advisory (non-binding) vote on the frequency of the advisory vote on the executive compensation of the Company’s named executive officers; and to transact such other business as may properly come before the meeting. Tillkännagivande • Jan 13
Matthews International Corporation to Report Q1, 2023 Results on Jan 26, 2023 Matthews International Corporation announced that they will report Q1, 2023 results After-Market on Jan 26, 2023 Tillkännagivande • Dec 16
Barington Capital Pushes for Board Changes at Matthews International On December 14, 2022, Barington Capital Group announced that it has built a stake in Matthews International Corp. and argues the Company needs to refresh its board, cut costs, and consider selling its packaging business once it can be fixed up. Barington Capital’s Chief Executive Officer James Mitarotonda stated that the Company is undervalued after years of mismanagement and underperformance relative to its peers. Reported Earnings • Nov 20
Full year 2022 earnings released: US$3.18 loss per share (vs US$0.092 profit in FY 2021) Full year 2022 results: US$3.18 loss per share (down from US$0.092 profit in FY 2021). Revenue: US$1.76b (up 5.5% from FY 2021). Net loss: US$99.8m (down US$102.7m from profit in FY 2021). Revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Tillkännagivande • Nov 18
Matthews International Corporation Provides Consolidated Earnings Guidance for the Fiscal Year 2023 Matthews International Corporation provided consolidated earnings guidance for the fiscal year 2023. For the fiscal year 2023, the company is currently projecting another year of consolidated sales growth. Tillkännagivande • Nov 17
Matthews International Corporation Increases Quarterly Dividend, Payable on December 12, 2022 Matthews International Corporation announced that its Board of Directors declared, at its regularly scheduled meeting on November 16, 2022, a dividend of $0.23 per share on the Company’s common stock, representing an increase to the Company’s quarterly dividend rate. The dividend is payable December 12, 2022 to stockholders of record November 28, 2022. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. Independent Director Lillian Etzkorn was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Oct 28
Matthews International Corporation to Report Q4, 2022 Results on Nov 17, 2022 Matthews International Corporation announced that they will report Q4, 2022 results After-Market on Nov 17, 2022 Tillkännagivande • Aug 18
Matthews International Corporation (NasdaqGS:MATW) completed the acquisition of OLBRICH GmbH and R+S Automotive GmbH. Matthews International Corporation (NasdaqGS:MATW) entered into an agreement to acquire OLBRICH GmbH and R+S Automotive GmbH for €43 million on June 21, 2022. OLBRICH and R+S Automotive have combined annual revenues in excess of €94.96 million. The closing of the transaction is subject to certain regulatory authority approvals, which is expected to be timely secured in July of 2022. The closing of the transaction is expected in the fourth quarter of fiscal year ending September 2022. Dr Thomas Kuhnle, Dr Axel Mühl, Carsten Andreas Senze, Gunnar Müller-Henneberg, Dr Marco Arteaga, Dr Sebastian Felix Janka, Dr Steffen Gaber, Christoph Schauenburg and Thomas Weidlich of Luther Rechtsanwaltsgesellschaft mbH acted as legal advisor to Matthews International. Dr Oliver Künzler of Wenger Plattner and Jan Kohout of PRK Partners s.r.o. advokátní kanceláø acted as legal advisors to Matthews International.
Matthews International Corporation (NasdaqGS:MATW) completed the acquisition of OLBRICH GmbH and R+S Automotive GmbH on August 17, 2022. Reported Earnings • Jul 30
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: US$421.7m (down 1.6% from 3Q 2021). Net income: US$2.89m (down 14% from 3Q 2021). Profit margin: 0.7% (down from 0.8% in 3Q 2021). Over the next year, revenue is forecast to stay flat compared to a 5.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Tillkännagivande • Jul 28
Matthews International Corporation Declares Quarterly Dividend, Payable on August 22, 2022 Matthews International Corporation announced that its Board of Directors declared, at its regularly scheduled meeting, a dividend of $0.22 per share on the Company’s common stock. The dividend is payable August 22, 2022 to stockholders of record August 8, 2022. Tillkännagivande • Jul 07
Matthews International Corporation to Report Q3, 2022 Results on Jul 28, 2022 Matthews International Corporation announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Jul 28, 2022 Tillkännagivande • Jun 22
Matthews International Corporation (NasdaqGS:MATW) entered into an agreement to acquire OLBRICH GmbH / R+S Automotive GmbH for €43 million. Matthews International Corporation (NasdaqGS:MATW) entered into an agreement to acquire OLBRICH GmbH and R+S Automotive GmbH for €43 million on June 21, 2022. OLBRICH and R+S Automotive have combined annual revenues in excess of $100 million(€94.96 million).The closing of the transaction is subject to certain regulatory authority approvals, which is expected to be timely secured in July of 2022. Reported Earnings • Apr 30
Second quarter 2022 earnings released: US$0.06 loss per share (vs US$0.16 profit in 2Q 2021) Second quarter 2022 results: US$0.06 loss per share (down from US$0.16 profit in 2Q 2021). Revenue: US$445.0m (up 6.7% from 2Q 2021). Net loss: US$1.91m (down 138% from profit in 2Q 2021). Over the next year, revenue is forecast to stay flat compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 5% per year. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Independent Director Lillian Etzkorn was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 09
Matthews International Corporation to Report Q2, 2022 Results on Apr 28, 2022 Matthews International Corporation announced that they will report Q2, 2022 results After-Market on Apr 28, 2022 Buying Opportunity • Mar 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.2%. The fair value is estimated to be US$37.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. The company became loss making over the last 3 years. Buying Opportunity • Mar 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.1%. The fair value is estimated to be US$37.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. The company became loss making over the last 3 years. Tillkännagivande • Feb 25
Matthews International Corporation Appoints Board Changes Matthews International Corporation announced that, following the Company’s Annual Shareholders Meeting last week, its Board of Directors elected Alvaro Garcia-Tunon as the Company’s Chairman of the Board. Mr. Garcia-Tunon succeeds John D. Turner, a member of the Board since 1999 and Chairman of the Board since 2010. Mr. Turner retired from the Board upon the completion of his term. Alvaro Garcia-Tunon, who joined the Board in 2009, retired as the Chief Financial Officer of Wabtec Corporation, a provider of products and services for the global rail industry in 2014, while continuing to serve as a strategic advisor through 2017. Buying Opportunity • Feb 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be US$36.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. The company became loss making over the last 3 years. Reported Earnings • Jan 29
First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2022 results: US$0.62 loss per share (down from US$0.055 loss in 1Q 2021). Revenue: US$438.6m (up 13% from 1Q 2021). Net loss: US$19.8m (loss widened US$18.0m from 1Q 2021). Revenue exceeded analyst estimates by 12%. Over the next year, revenue is expected to shrink by 1.3% compared to a 23% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jan 28
Matthews International Corporation Declares Quarterly Dividend, Payable on February 21, 2022 Matthews International Corporation announced that its Board of Directors declared, at its regularly scheduled meeting held on January 27, 2022, a dividend of $0.22 per share on the company’s common stock. The dividend is payable February 21, 2022 to stockholders of record February 7, 2022. Reported Earnings • Nov 19
Full year 2021 earnings released: EPS US$0.09 (vs US$2.79 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: US$1.67b (up 12% from FY 2020). Net income: US$2.91m (up US$90.1m from FY 2020). Profit margin: 0.2% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. 
