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. Third Quarter Fiscal Year 2024 Conference Call As soon as available after the call, a transcript of the call will be posted in the Investor Relations section of the Company's website: Investor Relations. Matthews International Corporation is a global provider of industrial ...

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 ...

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 us from offering our innovative solutions to others, preventing the market from significantly benefiting from the savings associated with our dry battery electrode ("DBE") solutions, and thus interfering with Matthews' ability to realize the value of our intellectual pr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 ____________________________________________________________ FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended March 31, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period from _____ to _____ Commission File No. 0-09115 ____________________________________________________________ MAT ...

© 2024 Matthews International Corporation. All Rights Reserved. 17 Matthews International www.matw.com | Nasdaq: MATW Joseph C. Bartolacci Steven F. Nicola Chief Financial Officer Any forward-looking statements contained in this presentation are included pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, beliefs, intentions or strategies of the Compan ...

NEWS RELEASE Matthews International Corporation Corporate Office Two NorthShore Center Pittsburgh, PA 15212-5851 Phone: (412) 442-8200 May 2, 2024 Contact: Steven F. Nicola William D. Wilson Chief Financial Officer and Secretary Senior Director, Corporate Development MATTHEWS INTERNATIONAL REPORTS RESULTS FOR FISCAL 2024 SECOND QUARTER Fiscal 2024 Second Quarter Financial Highlights: PITTSBURGH, PA, May 2, 2024 - Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for its ...

 Fiscal 2024 Second Quarter Financial Highlights: Outstanding debt reduced by $19.6 million; net debt lower by $27.2 millionGAAP earnings per share of $0.29, consistent with a year agoNon-GAAP EPS increased to $0.69, compared to $0.65 a year agoSGK reports current quarter sales and adjusted EBITDA higher than a year agoEnergy storage sales also higher than last year; reflects orders from multiple customers PITTSBURGH, May 02, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) tod ...

PITTSBURGH, April 26, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) ("Matthews" or the "Company") today announced that Francis Wlodarczyk has been appointed to the Company's 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, Intelligen ...

PITTSBURGH, April 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. The dividend is payable May 20, 2024 to stockholders of record May 6, 2024. About Matthews International Corporation Matthews International Corporation is a global provider of industrial technologies, memorialization products and brand solutions. The Industria ...

Financial Data and Key Metrics Changes - Consolidated sales increased modestly to $450 million in the first quarter of fiscal 2024 from $449 million in the same period last year, primarily driven by higher sales in the industrial technologies and memorialization segments [8][38] - Consolidated adjusted EBITDA decreased to $45.5 million from $49.3 million year-over-year, reflecting lower adjusted EBITDA in the industrial technologies and memorialization segments, partially offset by an increase in the SGK Brand Solutions segment [39][68] - The net loss attributable to the company for the quarter was $2.3 million or $0.07 per share, compared to income of $3.7 million or $0.12 per share in the prior period [79] Business Line Data and Key Metrics Changes - Memorialization sales were $208.1 million, up from $206.5 million a year ago, mainly due to higher granite sales and the acquisition of Eagle Granite, despite a decline in casket sales [13][41][75] - SGK Brand Solutions segment reported sales of $130.5 million, down from $133.6 million, primarily due to lower retail base sales and continued weakness in the European brand market [42] - Industrial Technology segment sales increased to $111.4 million from $109.1 million, driven by growth in energy storage solutions [80] Market Data and Key Metrics Changes - The company noted a favorable impact of currency changes, contributing $5.1 million to current quarter sales and $354,000 to adjusted EBITDA compared to the previous year [14][41] - The energy solutions segment is expected to see higher revenue in fiscal 2024 than the previous year, driven by strong interest in hydrogen fuel cell production [34][37] Company Strategy and Development Direction - The company aims to continue consolidating sales growth and EBITDA for the full year, despite current delays in energy solutions, with a backlog of over $100 million at the end of the first quarter [37][74] - The strategy to extend marketing execution services to eCommerce digital marketing is expected to generate over $40 million in sales this year [76] - The company has renewed its revolving credit facility, providing access to capital during uncertain economic conditions [12][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving growth despite challenges in energy sales, emphasizing ongoing discussions with major global OEMs and battery manufacturers [50][69] - The memorialization business is expected to continue performing well, with recent weeks showing higher-than-normal sales volumes [75] - Management anticipates stronger cash flow trends in the latter half of the fiscal year as orders from the previous year convert to cash [77] Other Important Information - The company declared a dividend of $0.24 per share, payable on February 19, 2024 [20] - Outstanding debt increased to $862 million at the end of the quarter, with a leverage ratio of 3.71 compared to 3.31 at the end of the previous quarter [44] Q&A Session Summary Question: What are the expectations for energy storage and overall revenue growth? - Management indicated that discussions with customers are ongoing, and while timing of order intake is uncertain, they remain confident in achieving positive growth year-over-year [50] Question: How is the memorialization segment performing, especially regarding casket sales? - Management noted that while casket sales have normalized, granite memorial sales have increased, and they expect overall performance to remain strong [51][60] Question: What is the status of profit initiatives at OLBRICH? - Management stated that they expect profit contributions from OLBRICH to improve as cost actions are implemented [28][62]