Matthews International Corporation (MATW)

MATTHEWS INTERNATIONAL ANNOUNCES PARTIAL REDEMPTION OF PREFERRED EQUITY INTEREST IN PROPELISMay 19, 2026 4:15 PM
PR Newswire (US) PITTSBURGH, May 19, 2026 /PRNewswire/ -- Matthews International Corporation (NASDAQ GSM: MATW) today announced receipt of $28 million of proceeds for the partial redemption of its preferred equity interest in Propelis. In discussing this redemption, Joseph C. Bartolacci, President and Chief Executive Officer, stated: "The Propelis joint venture has continued to perform in line with our expectations since the merger of our SGK Brand Solutions business with SGS & Co. one year ago.  This redemption is further evidence of the business' ability to continue to grow adjusted EBITDA, capture synergies, and ultimately return value to its shareholders."About Matthews International CorporationMatthews International Corporation operates through two core global businesses – Industrial Technologies and Memorialization. Both are focused on driving operational efficiency and long-term growth through continuous innovation and strategic expansion. The Industrial Technologies segment evolved from our original marking business, which today is a leading global innovator committed to empowering visionaries to transform industries through the application of precision technologies and intelligent processes. The Memorialization segment is a leading provider of memorialization products, including memorials, caskets and cremation and incineration equipment, primarily to cemetery and funeral home customers that help families move from grief to remembrance. In addition, the Company also has a significant investment in Propelis, a brand solutions business formed through the merger of SGK and SGS & Co. Propelis delivers integrated solutions including brand creative, packaging, print solutions, branded environments, and content production. Matthews International has over 4,300 employees in 15 countries on four continents that are committed to delivering the highest quality products and services.Forward-looking InformationAny forward-looking statements contained in this release 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 Company regarding the future, and may be identified by the use of words such as "expects," "believes," "intends," "projects," "anticipates," "estimates," "plans," "seeks," "forecasts," "predicts," "objective," "targets," "potential," "outlook," "may," "will," "could" or the negative of these terms, other comparable terminology and variations thereof.  Such forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to be materially different from management's expectations, and no assurance can be given that such expectations will prove correct.  Factors that could cause the Company's results to differ materially from the results discussed in such forward-looking statements principally include risks to our ability to achieve the anticipated benefits of the joint venture transaction with Peninsula Parent LLC, d.b.a. Propelis Group ("Propelis"), changes in domestic or international economic conditions, changes in foreign currency exchange rates, changes in interest rates, changes in the cost of materials used in the manufacture of the Company's products, including changes in costs due to adjustments to tariffs or supply chain disruptions, any impairment of goodwill or intangible assets, environmental liability and limitations on the Company's operations due to environmental laws and regulations, disruptions to certain services, such as telecommunications, network server maintenance, cloud computing or transaction processing services, provided to the Company by third-parties, changes in mortality and cremation rates, changes in product demand or pricing as a result of consolidation in the industries in which the Company operates, or other factors such as labor shortages or labor cost increases, changes in product demand or pricing as a result of domestic or international competitive pressures, ability to achieve cost-reduction objectives, unknown risks in connection with the Company's acquisitions, divestitures, and business combinations, cybersecurity concerns and costs arising with management of cybersecurity threats, effectiveness of the Company's internal controls, compliance with domestic and foreign laws and regulations, technological factors beyond the Company's control, impact of pandemics or similar outbreaks, or other disruptions to our industries, customers, or supply chains, the impact of global conflicts, such as the current war between Russia and Ukraine and hostilities in the Middle East, and conflicts and related sanctions or trade restrictions involving Venezuela, the Company's plans and expectations with respect to its exploration, and contemplated execution, of various strategies with respect to its portfolio of businesses, the Company's plans and expectations with respect to its Board of Directors, and other factors described in the Company's Annual Report on Form 10-K and other periodic filings with the U.S. Securities and Exchange Commission.Matthews International Corporation
Corporate Office
Two NorthShore Center
Pittsburgh, PA  15212-5851
Phone: (412) 442-8200Contact:Daniel E. Stopar
Chief Financial Officer and Treasurer View original content to download multimedia:https://www.prnewswire.com/news-releases/matthews-international-announces-partial-redemption-of-preferred-equity-interest-in-propelis-302776779.htmlSOURCE Matthews International Corporation Original: MATTHEWS INTERNATIONAL ANNOUNCES PARTIAL REDEMPTION OF PREFERRED EQUITY INTEREST IN PROPELIS

MATTHEWS INTERNATIONAL REPORTS RESULTS FOR FISCAL 2026 SECOND QUARTERApril 30, 2026 4:15 PM
PR Newswire (US)

Fiscal 2026 Second Quarter Financial Highlights:Memorialization reports higher sales and adjusted EBITDAArbitrator reaffirms Matthews' right to develop, produce, market and sell proprietary dry battery electrode solutions to third partiesPropelis JV achieves key milestone toward executing on synergy targets Bond refinancing and reduced debt drive lower recurring interest expenseCompany maintains outlook for fiscal 2026 Webcast: Friday, May 1, 2026, 9:00 a.m., 203-518-9843PITTSBURGH, April 30, 2026 /PRNewswire/ -- Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for its second quarter of fiscal 2026.







In discussing the results for the Company's fiscal 2026 second quarter, Joseph C. Bartolacci, President and Chief Executive Officer, stated:"We are pleased with our operating results for the fiscal 2026 second quarter. While our GAAP earnings were unfavorably impacted by unusual charges and amortization, we are happy to report non-GAAP adjusted earnings per share growth this quarter compared to last year despite recent divestitures. The Memorialization segment reported higher sales and adjusted EBITDA, and the Product Identification business also delivered higher sales.  Although we continue to experience challenges in our energy storage solutions business, customer interest remains very strong.  Corporate and other non-operating costs also declined meaningfully compared to last year.  We continue to work on additional cost reduction plans to scale our structure as post-divestiture support obligations expire over the coming quarters.""Sales for the Memorialization segment for the fiscal 2026 second quarter were higher than a year ago primarily reflecting the recent acquisition of The Dodge Company.  This acquisition continues to be nicely accretive to earnings as we leverage the benefits of our Memorialization commercial platform and have already begun to realize cost synergies from integration.  Sales volumes of caskets and cemetery memorials declined in the quarter due to lower U.S. casketed deaths.  Inflationary price realization offset lower sales volumes of caskets and cemetery memorials in the quarter.  The earnings impact of these sales increases and benefits from the segment's ongoing productivity initiatives were significant factors in the segment's improved operating margins.""The Propelis Group ("Propelis") continues to report solid operating results since formation of the joint venture between our SGK business and SGS in May of 2025.  During the quarter, Propelis successfully converted to a new business system platform that is expected to enable the integration of graphic production work across the global enterprise, activating a significant portion of the estimated $60 million of targeted cost synergies for realization in the second half of calendar 2026. Additionally, we expect Propelis to redeem a portion of preferred shareholders' interests in the second half of our fiscal year.""The Industrial Technologies segment reported a decline in sales for the fiscal 2026 second quarter.  The decrease mainly resulted from the divestiture of the warehouse automation business during the fiscal first quarter of 2026 and challenges in our engineering business, including the impacts of the ongoing Tesla dispute.  During the quarter, we received a favorable ruling from an arbitrator again confirming our right to develop, produce, market and sell our proprietary dry battery electrode ("DBE") solutions to third parties. Matthews successfully defeated Tesla's most meaningful claims as the arbitrator issued an interim decision denying the broad injunctive relief requested by Tesla and rejecting Tesla's attempts to prohibit us from selling Matthews' proprietary DBE technology and equipment. Instead, the interim decision includes a narrow injunction preventing Matthews from using certain parts in dry battery electrode machines. Matthews already has replacement parts, and thus the injunction is not expected to materially impede Matthews' operations or sales. Importantly, this most recent ruling provides further clarity for Matthews and its customers on a going forward basis.  Interest from other customers in our dry battery electrode solutions remains very strong, and we anticipate will start to convert to orders in the second half of fiscal 2026. The Product Identification business achieved a major milestone during the quarter by recording its first commercial sales of the MPERIA® Axian Inkjet (XIJ) systems.   We have received significant customer interest in the new product, and buildout of the supply chain to meet anticipated market demand is ongoing.""During the fiscal 2026 second quarter, we redeemed $300 million aggregate principal of 8.625% Senior Secured Second Lien Notes due 2027, which has reduced interest expense for the quarter. The refinancing was funded using the proceeds from the recent divestitures of the warehouse automation and European packaging businesses combined with additional borrowings from our existing revolving credit facility."  "The Board, with the support of J.P. Morgan, identified several alternatives for evaluation and consideration toward improving shareholder value and better alignment with the underlying value of the organization.  The divestitures of SGK in 2025, and the warehouse automation and European packaging businesses in the first quarter are all outcomes of this effort to simplify Matthews' business structure and enhance shareholder value. The Company's strategic alternatives review remains ongoing.""For the remainder of fiscal 2026, we expect the Memorialization segment to continue to deliver modest year-to-year sales growth. Additionally, we expect conditions for the engineering business to remain challenging and dependent upon winning substantial new orders. Lastly, our projected share of the Propelis' financial results includes the expectation for significant cost synergies to be executed and realized during the remainder of the year. Based on our results through March 31, 2026, and projections for the remainder of fiscal 2026, we are maintaining our previous earnings guidance of adjusted EBITDA of $180 million (which includes our estimated 40% share of Propelis adjusted EBITDA) for fiscal 2026."Divestiture of the SGK BusinessAs previously reported, on May 1, 2025, the Company contributed the SGK business to a newly formed entity, Propelis, in exchange for cash and other consideration. The fiscal 2025 consolidated financial information presented in this release reflects the financial results of the SGK business through the closing date.  As a result of the integration process of Propelis and transition to its stand-alone reporting systems, our 40% portion of the financial results of Propelis is reported on a one-quarter lag.  Consequently, for the three months ended March 31, 2026, the Company's portion of earnings (losses) for its equity-method investment in Propelis includes the months from October 2025 through December 2025. For the six months ended March 31, 2026, the Company's portion of earnings (losses) for its equity-method investment in Propelis includes the months from July 2025 through December 2025.The Company's consolidated adjusted EBITDA for the fiscal second quarter of 2026 includes approximately a $9.5 million adjusted EBITDA contribution from Propelis.  Based on preliminary financial projections provided by Propelis, their current estimate of adjusted EBITDA for the period January 1, 2026 through March 31, 2026 was $24.8 million. For comparison, our 40% portion of this amount would be $9.9 million. The Company's consolidated adjusted EBITDA for the fiscal six months ended March 31, 2026 includes a $22.4 million adjusted EBITDA contribution from Propelis.  Based on preliminary financial projections provided by Propelis, their current estimate of adjusted EBITDA for the period October 1, 2025 through March 31, 2026 was $48.5 million. For comparison, our 40% portion of this amount would be $19.4 million. Please note that these projections are unaudited and subject to review and, as a result, may change.WebcastThe Company will host a conference call and webcast on Friday, May 1, 2026 at 9:00 a.m. Eastern Time to review its financial and operating results and discuss its corporate strategies and outlook. A question-and-answer session will follow. The conference call can be accessed by dialing (203)-518-9843, Conference ID: Matthews. The audio webcast can be monitored at www.matw.com. As soon as available after the call, a transcript of the call will be posted on the Investor Relations section of the Company's website at www.matw.com. About Matthews International CorporationMatthews International Corporation operates through two core global businesses – Industrial Technologies and Memorialization. Both are focused on driving operational efficiency and long-term growth through continuous innovation and strategic expansion. The Industrial Technologies segment evolved from our original marking business, which today is a leading global innovator committed to empowering visionaries to transform industries through the application of precision technologies and intelligent processes. The Memorialization segment is a leading provider of memorialization products, including memorials, caskets and cremation and incineration equipment, primarily to cemetery and funeral home customers that help families move from grief to remembrance. In addition, the Company also has a significant investment in Propelis, a brand solutions business formed through the merger of SGK and SGS & Co. Propelis delivers integrated solutions including brand creative, packaging, print solutions, branded environments, and content production. Matthews International has over 4,300 employees in 15 countries on four continents that are committed to delivering the highest quality products and services.Forward-looking InformationAny forward-looking statements contained in this release 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 Company regarding the future, and may be identified by the use of words such as "expects," "believes," "intends," "projects," "anticipates," "estimates," "plans," "seeks," "forecasts," "predicts," "objective," "targets," "potential," "outlook," "may," "will," "could" or the negative of these terms, other comparable terminology and variations thereof.  Such forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to be materially different from management's expectations, and no assurance can be given that such expectations will prove correct.  Factors that could cause the Company's results to differ materially from the results discussed in such forward-looking statements principally include risks to our ability to achieve the anticipated benefits of the joint venture transaction with Peninsula Parent LLC, d.b.a. Propelis Group ("Propelis"), changes in domestic or international economic conditions, changes in foreign currency exchange rates, changes in interest rates, changes in the cost of materials used in the manufacture of the Company's products, including changes in costs due to adjustments to tariffs or supply chain disruptions, any impairment of goodwill or intangible assets, environmental liability and limitations on the Company's operations due to environmental laws and regulations, disruptions to certain services, such as telecommunications, network server maintenance, cloud computing or transaction processing services, provided to the Company by third-parties, changes in mortality and cremation rates, changes in product demand or pricing as a result of consolidation in the industries in which the Company operates, or other factors such as labor shortages or labor cost increases, changes in product demand or pricing as a result of domestic or international competitive pressures, ability to achieve cost-reduction objectives, unknown risks in connection with the Company's acquisitions, divestitures, and business combinations, cybersecurity concerns and costs arising with management of cybersecurity threats, effectiveness of the Company's internal controls, compliance with domestic and foreign laws and regulations, technological factors beyond the Company's control, impact of pandemics or similar outbreaks, or other disruptions to our industries, customers, or supply chains, the impact of global conflicts, such as the current war between Russia and Ukraine and hostilities in the Middle East, and conflicts and related sanctions or trade restrictions involving Venezuela, the Company's plans and expectations with respect to its exploration, and contemplated execution, of various strategies with respect to its portfolio of businesses, the Company's plans and expectations with respect to its Board of Directors, and other factors described in the Company's Annual Report on Form 10-K and other periodic filings with the U.S. Securities and Exchange Commission. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)(In thousands, except per share data) 

Three Months EndedMarch 31,


Six Months EndedMarch 31,


2026
2025
% Change
2026
2025
% ChangeSales$ 258,619
$ 427,629
(39.5) %
$ 543,382
$ 829,471
(34.5) %Cost of sales(156,635)
(283,517)
(44.8) %
(341,725)
(559,667)
(38.9) %Gross profit101,984
144,112
(29.2) %
201,657
269,804
(25.3) %Gross margin39.4 %
33.7 %


37.1 %
32.5 %













Selling and administrative expenses(98,540)
(131,812)
(25.2) %
(210,932)
(243,222)
(13.3) %Amortization of intangible assets(2,674)
(4,280)
(37.5) %
(5,640)
(12,888)
(56.2) %Gain (loss) on divestitures, net(3,945)
(2,072)
90.4 %
109,264
(2,072)
NMOperating (loss) profit(3,175)
5,948
(153.4) %
94,349
11,622
NMOperating margin(1.2) %
1.4 %


17.4 %
1.4 %













Interest and other deductions, net(8,533)
(17,592)
(51.5) %
(21,639)
(29,096)
(25.6) %Loss on debt extinguishment(16,343)
—
NM
(16,343)
—
NM(Loss) income before income taxes(28,051)
(11,644)
140.9 %
56,367
(17,474)
NMIncome taxes6,217
2,728
127.9 %
(34,572)
5,086
NM











Net (loss) income$  (21,834)
$   (8,916)
144.9 %
$   21,795
$  (12,388)
NM











(Loss) earnings per share -- diluted$    (0.69)
$    (0.29)
137.9 %
$      0.69
$    (0.40)
NM











Earnings per share -- non-GAAP (1)$      0.37
$      0.34
8.8 %
$      0.18
$      0.48
(62.5) %











Dividends declared per share$    0.255
$      0.25
2.0 %
$    0.510
$      0.50
2.0 %











Diluted Shares 31,487
31,192


31,730
31,113

(1) See reconciliation of non-GAAP financial information provided in tables at the end of this releaseNM: Not meaningful SEGMENT INFORMATION (Unaudited)(In thousands)

Three Months EndedMarch 31,
Six Months EndedMarch 31,
2026
2025
2026
2025Sales:






Memorialization$        215,257
$        205,620
$        419,432
$        396,106Industrial Technologies43,362
80,835
112,377
161,368Brand Solutions—
141,174
11,573
271,997
$        258,619
$        427,629
$        543,382
$        829,471Adjusted EBITDA:






Memorialization$          48,831
$          45,038
$          87,780
$         81,650Industrial Technologies(3,313)
6,042
(7,771)
7,874Brand Solutions9,615
15,596
22,309
27,888Corporate and Non-Operating(10,389)
(15,262)
(22,336)
(25,975)Total Adjusted EBITDA (1) $          44,744
$          51,414
$          79,982
$         91,437







(1) See reconciliation of non-GAAP financial information provided in tables at the end of this release CONDENSED CONSOLIDATED BALANCE SHEET INFORMATION (Unaudited)(In thousands)

March 31, 2026September 30, 2025ASSETS





Cash and cash equivalents

$                36,088

$                32,433Accounts receivable, net

100,734

132,940Inventories, net

195,893

202,827Other current assets

146,879

151,968Total current assets

479,594

520,168Investments

276,166

288,637Property, plant and equipment, net

185,594

224,575Goodwill

433,201

487,561Other intangible assets, net

91,985

105,958Other long-term assets

64,823

67,543Total assets

$            1,531,363

$            1,694,442






LIABILITIES





Long-term debt, current maturities

$                 7,298

$                 7,230Other current liabilities

285,870

343,250Total current liabilities

293,168

350,480Long-term debt

571,950

703,602Other long-term liabilities

154,026

159,418Total liabilities

1,019,144

1,213,500






SHAREHOLDERS' EQUITY





Total shareholders' equity

512,219

480,942Total liabilities and shareholders' equity

$            1,531,363

$            1,694,442 CONDENSED CONSOLIDATED CASH FLOWS INFORMATION (Unaudited)(In thousands)

Six Months Ended March 31,
2026
2025Cash flows from operating activities:


Net income (loss)$               21,795
$              (12,388)Adjustments to reconcile net income (loss) to net cash flows from operating activities:

Depreciation and amortization24,204
40,735(Gain) loss on divestitures, net(109,264)
2,072Loss on debt extinguishment16,343
—Changes in working capital items(37,955)
(43,362)Other operating activities17,447
(5,738)Net cash used in operating activities(67,430)
(18,681)



Cash flows from investing activities:


Capital expenditures(9,300)
(18,271)Acquisitions, net of cash acquired(524)
(2,218)Proceeds from sale of assets3,506
14,608Proceeds from divestitures243,397
2,049Other investing activities2,580
(63)Net cash provided by (used in) investing activities239,659
(3,895)



Cash flows from financing activities:


Net (payments on) proceeds from long-term debt(130,426)
50,218Purchases of treasury stock(5,698)
(4,426)Dividends(17,535)
(17,047)Other financing activities(14,740)
4,806Net cash (used in) provided by financing activities(168,399)
33,551



Effect of exchange rate changes on cash(175)
(1,545)



Net change in cash and cash equivalents$                3,655
$                 (570)
Reconciliations of Non-GAAP Financial MeasuresIncluded in this report are measures of financial performance that are not defined by GAAP, including, without limitation, adjusted EBITDA, adjusted net income and EPS, constant currency sales, constant currency adjusted EBITDA, net debt and net debt leverage ratio. The Company defines net debt leverage ratio as outstanding debt (net of cash) relative to adjusted EBITDA. The Company uses non-GAAP financial measures to assist in comparing its performance on a consistent basis for purposes of business decision-making by removing the impact of certain items that management believes do not directly reflect the Company's core operations including acquisition and divestiture costs, ERP system integration costs, strategic initiative and other charges (which includes non-recurring charges related to certain commercial and operational initiatives and exit activities), stock-based compensation and the non-service portion of pension and postretirement expense.  Constant currency sales and constant currency adjusted EBITDA remove the impact of changes due to foreign exchange translation rates.  To calculate sales and adjusted EBITDA on a constant currency basis, amounts for periods in the current fiscal year are translated into U.S. dollars using exchange rates applicable to the comparable periods of the prior fiscal year.  Management believes that presenting non-GAAP financial measures is useful to investors because it (i) provides investors with meaningful supplemental information regarding financial performance by excluding certain items that management believes do not directly reflect the Company's core operations, (ii) permits investors to view performance using the same tools that management uses to budget, forecast, make operating and strategic decisions, and evaluate historical performance, and (iii) otherwise provides supplemental information that may be useful to investors in evaluating the Company's results. The Company's calculations of its non-GAAP financial measures, however, may not be comparable to similarly titled measures reported by other companies. The Company believes that the presentation of these non-GAAP financial measures, when considered together with the corresponding GAAP financial measures and the reconciliations to those measures, provided herein, provide investors with an additional understanding of the factors and trends affecting the Company's business that could not be obtained absent these disclosures.
ADJUSTED EBITDA RECONCILIATION (Unaudited)(In thousands)

Three Months EndedMarch 31,
Six Months EndedMarch 31,
2026
2025
2026
2025Net (loss) income$       (21,834)
$        (8,916)
$        21,795
$  (12,388)Income tax (benefit) provision(6,217)
(2,728)
34,572
(5,086)(Loss) income before income taxes$       (28,051)
$       (11,644)
$        56,367
$  (17,474)Propelis depreciation, amortization, interest and
other items (1)18,776
—
33,979
—Interest expense, including RPA and factoring
financing fees (2)10,424
17,010
25,725
33,864Loss on debt extinguishment16,343
—
16,343
—Depreciation and amortization *11,508
18,231
24,204
40,735Acquisition and divestiture related items (3)**194
13,701
1,312
14,278Strategic initiatives and other items (4)**†6,394
5,373
21,644
5,988(Gain) loss on divestitures, net3,945
2,072
(109,264)
2,072Highly inflationary accounting losses (primarily non-
cash) (5)—
520
16
711Stock-based compensation 5,136
6,018
9,543
10,997Non-service pension and postretirement expense (6)75
133
113
266Total Adjusted EBITDA$        44,744
$        51,414
$        79,982
$   91,437Adjusted EBITDA margin17.3 %
12.0 %
14.7 %
11.0 %(1) Represents the Company's portion of depreciation, intangible amortization, interest expense, and other items incurred by Propelis.(2) Includes fees for receivables sold under the RPA and factoring arrangements totaling $382 and $1,145 for the three months ended March 31, 2026 and 2025, respectively  and $1,050 and $2,317 for the six months ended March 31, 2026 and 2025, respectively.(3) Includes certain non-recurring items associated with recent acquisition and divestiture activities.(4) Includes certain non-recurring costs associated with commercial, operational and cost-reduction initiatives, and costs associated with global ERP system integration efforts.  Also includes legal costs related to an ongoing dispute with Tesla, Inc. ("Tesla"), which totaled $2,175 and $1,757 for the three months ended March 31, 2026 and 2025, respectively and $11,172 and $8,624 for the six months ended March 31, 2026 and 2025, respectively.  Fiscal 2025 includes costs related to the Company's 2025 contested proxy which totaled $4,538 for the three months ended March 31, 2025 and $4,902 for the six months ended March 31, 2025.  Fiscal 2025 includes net gains on the sales of certain significant property and other assets of $8,655 for the six months ended March 31, 2025.  Fiscal 2025 also includes loss recoveries totaling $1,170 for the six months ended March 31, 2025 which were related to a previously disclosed theft of funds by a former employee initially identified in fiscal 2015. 5) Represents exchange losses associated with highly inflationary accounting related to the Company's Turkish subsidiaries.(6) Non-service pension and postretirement expense includes interest cost, expected return on plan assets, amortization of actuarial gains and losses, curtailment gains and losses, and settlement gains and losses. These benefit cost components are excluded from adjusted EBITDA since they are primarily influenced by external market conditions that impact investment returns and interest (discount) rates. Curtailment gains and losses and settlement gains and losses are excluded from adjusted EBITDA since they generally result from certain non-recurring events, such as plan amendments to modify future benefits or settlements of plan obligations.  The service cost and prior service cost components of pension and postretirement expense are included in the calculation of adjusted EBITDA, since they are considered to be a better reflection of the ongoing service-related costs of providing these benefits. Please note that GAAP pension and postretirement expense or the adjustment above are not necessarily indicative of the current or future cash flow requirements related to these employee benefit plans.* Depreciation and amortization was $8,041 and $7,170 for the Memorialization segment, $2,966 and $5,644 for the Industrial Technologies segment, and $501 and $699 for Corporate and Non-Operating, for the three months ended March 31, 2026 and 2025, respectively. Depreciation and amortization was $16,188 and $14,372 for the Memorialization segment, $6,444 and $11,318 for the Industrial Technologies segment, $609 and $13,578 for the Brand Solutions segment, and $963 and $1,467 for Corporate and Non-Operating, for the six months ended March 31, 2026 and 2025, respectively.   Depreciation and amortization was $4,718 for the Brand Solutions segment for the three months ended March 31, 2026.
** Acquisition costs, ERP system integration costs, and strategic initiatives and other charges were $380 and $2,410 for the Memorialization segment, $2,739 and $192 for the Industrial Technologies segment, income of $91 and charges of $416 for the Brand Solutions segment, and $3,560 and $16,056 for Corporate and Non-Operating, for the three months ended March 31, 2026 and 2025, respectively. Acquisition costs, ERP system integration costs, and strategic initiatives and other charges were $449 and $3,713 for the Memorialization segment, $13,092 and $4,311 for the Industrial Technologies segment, $3,402 and $1,130 for the Brand Solutions segment, and $6,013 and $11,112 for Corporate and Non-Operating, for the six months ended March 31, 2026 and 2025, respectively.
† Strategic initiatives and other items includes charges for exit and disposal activities (including severance and other employee termination benefits) totaling expenses of $782 and income of $2,471 for the three months ended March 31, 2026 and 2025, respectively, and expenses of $2,305 and income of  $1,305 for the six months ended March 31, 2026 and 2025, respectively. ADJUSTED NET INCOME AND EPS RECONCILIATION (Unaudited)(In thousands, except per share data)

Three Months EndedMarch 31,
Six Months EndedMarch 31,
2026
2025
2026
2025

per share

per share

per share

per shareNet (loss) income attributable to
Matthews$ (21,834)$  (0.69)
$   (8,916)$  (0.29)
$   21,795$   0.69
$ (12,388)$  (0.40)Acquisition and divestiture costs (1)1790.01
12,3530.40
9560.04
12,7080.41Strategic initiatives and other
charges (2)4,9450.15
3,1970.11
17,5140.55
3,9010.13(Gain) loss on divestitures, net3,8440.13
——
(68,451)(2.16)
——Highly inflationary accounting
losses (primarily non-cash) (3)——
5200.01
16—
7110.02Non-service pension and
postretirement expense (4)57—
990.01
85—
1990.01Amortization2,0060.06
3,2100.10
4,2300.13
9,6660.31Loss on debt extinguishment12,2420.39
——
12,2420.39
——Propelis amortization and other
unusual items (5)10,2090.32
——
17,2500.54
——Adjusted net income$   11,648$   0.37
$   10,463$   0.34
$    5,637$   0.18
$   14,797$   0.48











Note:  Adjustments to net income for non-GAAP reconciling items were calculated using an income tax rate of 21.1% and 50.6% for the three and six months ended March 31, 2026, respectively, and 25.7% and 24.9% for the three and six months ended March 31, 2025, respectively.(1) Includes certain non-recurring costs associated with recent acquisition and divestiture activities.(2) Includes certain non-recurring costs associated with commercial, operational and cost-reduction initiatives, and costs associated with global ERP system integration efforts.  Also includes legal costs related to an ongoing dispute with Tesla, Inc. ("Tesla"), which totaled $2,175 and $1,757 for the three months ended March 31, 2026 and 2025, respectively and $11,172 and $8,624 for the six months ended March 31, 2026 and 2025, respectively.  Fiscal 2025 includes costs related to the Company's 2025 contested proxy which totaled $4,538 for the three months ended March 31, 2025 and $4,902 for the six months ended March 31, 2025.  Fiscal 2025 includes net gains on the sales of certain significant property and other assets of $8,655 for the six months ended March 31, 2025.  Fiscal 2025 also includes loss recoveries totaling $1,170 for the six months ended March 31, 2025 which were related to a previously disclosed theft of funds by a former employee initially identified in fiscal 2015. (3) Represents exchange losses associated with highly inflationary accounting related to the Company's Turkish subsidiaries.(4) Non-service pension and postretirement expense includes interest cost, expected return on plan assets, amortization of actuarial gains and losses, curtailment gains and losses, and settlement gains and losses. These benefit cost components are excluded from adjusted EBITDA since they are primarily influenced by external market conditions that impact investment returns and interest (discount) rates. Curtailment gains and losses and settlement gains and losses are excluded from adjusted EBITDA since they generally result from certain non-recurring events, such as plan amendments to modify future benefits or settlements of plan obligations.  The service cost and prior service cost components of pension and postretirement expense are included in the calculation of adjusted EBITDA, since they are considered to be a better reflection of the ongoing service-related costs of providing these benefits. Please note that GAAP pension and postretirement expense or the adjustment above are not necessarily indicative of the current or future cash flow requirements related to these employee benefit plans.(5) Represents the Company's portion of amortization and other items incurred by Propelis. CONSTANT CURRENCY SALES AND ADJUSTED EBITDA RECONCILIATION (Unaudited)(In thousands)

Memorialization
Industrial
Technologies
Brand Solutions
Corporate and
Non-Operating
ConsolidatedReported sales for the quarter
ended March 31, 2026$         215,257
$          43,362
$               —
$               —
$         258,619Changes in foreign exchange
translation rates(1,031)
(3,104)
(804)
—
(4,939)Constant currency sales for the
quarter ended March 31, 2026$         214,226
$          40,258
$            (804)
$               —
$         253,680









Reported sales for the six months
ended March 31, 2026$         419,432
$         112,377
$          11,573
$               —
$         543,382Changes in foreign exchange
translation rates(1,515)
(5,978)
—
—
(7,493)Constant currency sales for the six
months ended March 31, 2026$         417,917
$         106,399
$          11,573
$               —
$         535,889









Reported adjusted EBITDA for the
quarter ended March 31, 2026$          48,831
$          (3,313)
$           9,615
$         (10,389)
$          44,744Changes in foreign exchange
translation rates(132)
145
118
(5)
126Constant currency adjusted
EBITDA for the quarter ended
March 31, 2026$          48,699
$          (3,168)
$           9,733
$         (10,394)
$          44,870









Reported adjusted EBITDA for the
six months ended March 31, 2026$          87,780
$          (7,771)
$          22,309
$         (22,336)
$          79,982Changes in foreign exchange
translation rates(167)
429
63
(70)
255Constant currency adjusted
EBITDA for the six months ended
March 31, 2026$          87,613
$          (7,342)
$          22,372
$         (22,406)
$          80,237 

Contact:Daniel E. Stopar
Chief Financial Officer and Treasurer
Phone: (412) 442-8200 



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Original: MATTHEWS INTERNATIONAL REPORTS RESULTS FOR FISCAL 2026 SECOND QUARTER

MATTHEWS INTERNATIONAL DECLARES QUARTERLY DIVIDENDApril 29, 2026 4:15 PM
PR Newswire (US)

PITTSBURGH, April 29, 2026 /PRNewswire/ -- Matthews International Corporation (NASDAQ GSM: MATW) announced that its Board of Directors declared, at its regularly scheduled meeting today, 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.About Matthews International Corporation
Matthews International Corporation operates through two core global businesses – Industrial Technologies and Memorialization. Both are focused on driving operational efficiency and long-term growth through continuous innovation and strategic expansion. The Industrial Technologies segment evolved from our original marking business, which today is a leading global innovator committed to empowering visionaries to transform industries through the application of precision technologies and intelligent processes. The Memorialization segment is a leading provider of memorialization products, including memorials, caskets and cremation and incineration equipment, primarily to cemetery and funeral home customers that help families move from grief to remembrance. In addition, the Company also has a significant investment in Propelis, a brand solutions business formed through the merger of SGK and SGS & Co. Propelis delivers integrated solutions including brand creative, packaging, print solutions, branded environments, and content production. Matthews International has over 4,300 employees in 15 countries on four continents that are committed to delivering the highest quality products and services.Forward-looking Information
Any forward-looking statements contained in this release 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 Company regarding the future, and may be identified by the use of words such as "expects," "believes," "intends," "projects," "anticipates," "estimates," "plans," "seeks," "forecasts," "predicts," "objective," "targets," "potential," "outlook," "may," "will," "could" or the negative of these terms, other comparable terminology and variations thereof. Such forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to be materially different from management's expectations, and no assurance can be given that such expectations will prove correct. Factors that could cause the Company's results to differ materially from the results discussed in such forward-looking statements principally include risks to our ability to achieve the anticipated benefits of the joint venture transaction with Peninsula Parent LLC, d.b.a. Propelis Group ("Propelis"), changes in domestic or  international economic conditions, changes in foreign currency exchange rates, changes in interest rates, changes in the cost of materials used in the manufacture of the Company's products, including changes in costs due to adjustments to tariffs or supply chain disruptions, any impairment of goodwill or intangible assets, environmental liability and limitations on the Company's operations due to environmental laws and regulations, disruptions to certain services, such as telecommunications, network server maintenance, cloud computing or transaction processing services, provided to the Company by third-parties, changes in mortality and cremation rates, changes in product demand or pricing as a result of consolidation in the industries in which the Company operates, or other factors such as labor shortages or labor cost increases, changes in product demand or pricing as a result of domestic or international competitive pressures, ability to achieve cost-reduction objectives, unknown risks in connection with the Company's acquisitions, divestitures, and business combinations, cybersecurity concerns and costs arising with management of cybersecurity threats, effectiveness of the Company's internal controls, compliance with domestic and foreign laws and regulations, technological factors beyond the Company's control, impact of pandemics or similar outbreaks, or other disruptions to our industries, customers, or supply chains, the impact of global conflicts, such as the current war between Russia and Ukraine and hostilities in the Middle East, and conflicts and related sanctions or trade restrictions involving Venezuela, the Company's plans and expectations with respect to its exploration, and contemplated execution, of various strategies with respect to its portfolio of businesses, the Company's plans and expectations with respect to its Board of Directors, and other factors described in the Company's Annual Report on Form 10-K and other periodic filings with the U.S. Securities and Exchange Commission.Matthews International Corporation
Corporate Office
Two NorthShore Center
Pittsburgh, PA  15212-5851
Phone: (412) 442-8200Contact:Daniel E. StoparChief Financial Officer and Treasurer



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Original: MATTHEWS INTERNATIONAL DECLARES QUARTERLY DIVIDEND

Matthews International Announces Second Quarter Fiscal 2026 Earnings Release and Conference CallApril 10, 2026 4:15 PM
PR Newswire (US)

PITTSBURGH, April 10, 2026 /PRNewswire/ -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its second quarter fiscal year 2026 earnings results after the market closes on Thursday, April 30, 2026







The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its outlook. Participating in the call will be Joseph C. Bartolacci, President and CEO and Daniel E. Stopar, Chief Financial Officer and Treasurer. A question-and-answer session will follow.Second Quarter 2026 Conference CallFriday, May 1, 2026
9:00 a.m. Eastern Time
Phone: 203-518-9843
Conference ID: Matthews
Webcast and accompanying slide presentation: Webcast
Register and add to your calendar: RegisterAs 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.About Matthews International Corporation
Matthews International Corporation operates through two core global businesses – Industrial Technologies and Memorialization. Both are focused on driving operational efficiency and long-term growth through continuous innovation and strategic expansion. The Industrial Technologies segment evolved from our original marking business, which today is a leading global innovator committed to empowering visionaries to transform industries through the application of precision technologies and intelligent processes. The Memorialization segment is a leading provider of memorialization products, including memorials, caskets and cremation and incineration equipment, primarily to cemetery and funeral home customers that help families move from grief to remembrance. In addition, the Company also has a significant investment in Propelis, a brand solutions business formed through the merger of SGK and SGS & Co. Propelis delivers integrated solutions including brand creative, packaging, print solutions, branded environments, and content production. Matthews International has over 4,300 employees in 15 countries on four continents that are committed to delivering the highest quality products and services.Matthews International Corporation
Corporate Office
Two NorthShore Center
Pittsburgh, PA 15212-5851
Phone: (412) 442-8200Contact: Daniel E. Stopar
Chief Financial Officer and Treasurer



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Original: Matthews International Announces Second Quarter Fiscal 2026 Earnings Release and Conference Call

Matthews International Obtains Important Clarity On Matthews' Right to Sell DBE EquipmentMarch 10, 2026 9:15 AM
PR Newswire (US)

Arbitrator Reaffirms Matthews's Right to Develop, Produce, Market and Sell Proprietary Dry Battery Electrode Solutions to Third PartiesCompany Provides Clarity Regarding Recent Favorable Arbitration Decision in Its Litigation with TeslaPITTSBURGH, March 10, 2026 /PRNewswire/ -- For the second time in twelve months, an arbitrator has recognized Matthews International Corporation's (NASDAQ GSM: MATW) ("Matthews" or the "Company") right to develop, produce, market and sell its proprietary dry battery electrode ("DBE") solutions to third parties. Specifically, on February 13, 2026, an arbitrator entered an interim decision providing additional clarity regarding Matthews' ownership of and rights in "DBE" technology that Matthews has been developing over the past two decades. Matthews successfully defeated Tesla's most meaningful claims as the arbitrator issued an interim decision denying the broad injunctive relief requested by Tesla and rejecting Tesla's attempts to prohibit the Company from selling Matthews' proprietary DBE technology and equipment. 







Instead, the interim decision includes a narrow injunction preventing Matthews from using certain parts in dry battery electrode machines. Matthews already has replacement parts, and thus the injunction is not expected to materially impede Matthews' operations or sales. Importantly, this most recent ruling provides further clarity for Matthews and its customers on a going forward basis.With the support of these rulings, Matthews will continue to sell DBE equipment and provide state-of-the-art technology offerings to its customers. This includes Matthews' next generation multi-roll calendering machine. Further, the Company's intellectual property is protected by multiple foundational patents (including US Patent Nos. US12136727, US12237494, US12334534 and US12418017) that prevent other companies from improperly claiming for themselves DBE solutions developed by Matthews.Matthews looks forward to continuing to advance the battery manufacturing industry and supporting customers with their future roadmaps in support of the secular trend of electrification.About Matthews International CorporationMatthews International Corporation operates through two core global businesses – Industrial Technologies and Memorialization. Both are focused on driving operational efficiency and long-term growth through continuous innovation and strategic expansion. The Industrial Technologies segment evolved from our original marking business, which today is a leading global innovator committed to empowering visionaries to transform industries through the application of precision technologies and intelligent processes. The Memorialization segment is a leading provider of memorialization products, including memorials, caskets and cremation and incineration equipment, primarily to cemetery and funeral home customers that help families move from grief to remembrance. In addition, the Company also has a significant investment in Propelis, a brand solutions business formed through the merger of SGK and SGS & Co. Propelis delivers integrated solutions including brand creative, packaging, print solutions, branded environments, and content production. Matthews International has over 4,300 employees in 15 countries on four continents that are committed to delivering the highest quality products and services.Forward-looking InformationAny forward-looking statements contained in this release 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 Matthews International Corporation and its consolidated subsidiaries (collectively "Matthews" or the "Company") regarding the future, including statements regarding the anticipated benefits and risks associated with the joint venture transaction with Peninsula Parent LLC, d.b.a. Propelis Group ("Propelis") and the timing thereof, and may be identified by the use of words such as "expects," "believes," "intends," "projects," "anticipates," "estimates," "plans," "seeks," "forecasts," "predicts," "objective," "targets," "potential," "outlook," "may," "will," "could" or the negative of these terms, other comparable terminology and variations thereof. Such forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to be materially different from management's expectations, and no assurance can be given that such expectations will prove correct. Factors that could cause the Company's results to differ materially from the results discussed in such forward-looking statements principally include risks to our ability to achieve the anticipated benefits of the joint venture transaction with Propelis that closed in fiscal year 2025, changes in domestic or international economic conditions, changes in foreign currency exchange rates, changes in interest rates, changes in the cost of materials used in the manufacture of the Company's products, including changes in costs due to adjustments to tariffs, any impairment of goodwill or intangible assets, environmental liability and limitations on the Company's operations due to environmental laws and regulations, disruptions to certain services, such as telecommunications, network server maintenance, cloud computing or transaction processing services, provided to the Company by third-parties, changes in mortality and cremation rates, changes in product demand or pricing as a result of consolidation in the industries in which the Company operates, or other factors such as supply chain disruptions, labor shortages or labor cost increases, changes in product demand or pricing as a result of domestic or international competitive pressures, ability to achieve cost-reduction objectives, unknown risks in connection with the Company's acquisitions, divestitures, and business combinations, cybersecurity concerns and costs arising with management of cybersecurity threats, effectiveness of the Company's internal controls, compliance with domestic and foreign laws and regulations, technological factors beyond the Company's control, impact of pandemics or similar outbreaks, or other disruptions to our industries, customers, or supply chains, the impact of global conflicts, such as the current war between Russia and Ukraine, and conflicts and related sanctions or trade restrictions involving Venezuela, the Company's plans and expectations with respect to its exploration, and contemplated execution, of various strategies with respect to its portfolio of businesses, the Company's plans and expectations with respect to its Board of Directors, and other factors described in the Company's Annual Report on Form 10-K and other periodic filings with the U.S. Securities and Exchange Commission.Matthews International Corporation
Corporate Office
Two NorthShore Center
Pittsburgh, PA 15212-5851
Phone: (412) 442-8200Contact: Daniel E. Stopar
Chief Financial Officer and Treasurer



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Original: Matthews International Obtains Important Clarity On Matthews' Right to Sell DBE Equipment

Matthews International Provides Updates Following Its 2026 Annual Meeting of ShareholdersFebruary 19, 2026 12:00 PM
PR Newswire (US)

The Company re–elected Thomas A. Gebhardt, Aleta W. Richards, David A. Schawk, and Francis S. Wlodarczyk to its Board of DirectorsAmendments to Matthews' Articles of Incorporation were adopted, reflecting the Company's commitment to enhancing governance standards J. Michael Nauman was selected as the new Chairman of the BoardPITTSBURGH, Feb. 19, 2026 /PRNewswire/ -- Matthews International Corporation (NASDAQ GSM: MATW) ("Matthews" or the "Company"), today held its 2026 Annual Meeting of Shareholders.







Among the meeting's key outcomes, the Company announced the re–election of Thomas A. Gebhardt, Aleta W. Richards, David A. Schawk, and Francis S. Wlodarczyk to its Board of Directors (the "Board"), reinforcing the Company's commitment to experienced and strategic leadership. Mr. Gebhardt, whose deep background in advanced battery technologies, will continue to strengthen the Company's momentum in emerging energy solutions. Ms. Richards, Mr. Schawk, and Mr. Wlodarczyk will each continue bringing sustained governance experience and broad strategic perspectives to the Matthews Board. All four have been instrumental over the past year as Matthews has continued reshaping its portfolio through its strategic review and value creation plan.In addition to the re-election of Board members, amendments to Matthews' Articles of Incorporation were adopted, reflecting the Company's ongoing commitment to enhance its governance practices.Following the Annual Shareholders Meeting, the Board of Directors formally 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."Michael brings incredible technical expertise, M&A experience, and leadership abilities that will benefit the Company as we continue repositioning Matthews," said Joe Bartolacci, President and CEO of Matthews. "I look forward to continuing to work alongside him and our fellow Board members as we guide Matthews for more sustainable growth and long-term value creation.""On behalf of Matthews International and its Board of Directors, we extend our sincere appreciation to Alvaro Garcia-Tunon for his exceptional leadership as both a Board member and as Chairman," said new Chairman of the Board, Michael Nauman. "Since joining the Board in 2009, Alvaro's strategic insight and steady guidance have played a vital role in navigating the Company through numerous pivotal milestones. Matthews is deeply grateful for his service and we wish him the very best in his retirement."About Matthews International CorporationMatthews International Corporation operates through two core global businesses – Industrial Technologies and Memorialization. Both are focused on driving operational efficiency and long-term growth through continuous innovation and strategic expansion. The Industrial Technologies segment evolved from our original marking business, which today is a leading global innovator committed to empowering visionaries to transform industries through the application of precision technologies and intelligent processes. The Memorialization segment is a leading provider of memorialization products, including memorials, caskets and cremation and incineration equipment, primarily to cemetery and funeral home customers that help families move from grief to remembrance. In addition, the Company also has a significant investment in Propelis, a brand solutions business formed through the merger of SGK and SGS & Co. Propelis delivers integrated solutions including brand creative, packaging, print solutions, branded environments, and content production. Matthews International has over 4,300 employees in 15 countries on four continents that are committed to delivering the highest quality products and services.Forward-looking InformationAny forward-looking statements contained in this release 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 Matthews International Corporation and its consolidated subsidiaries (collectively "Matthews" or the "Company") regarding the future, including statements regarding the anticipated benefits and risks associated with the joint venture transaction with Peninsula Parent LLC, d.b.a. Propelis Group ("Propelis") and the timing thereof, and may be identified by the use of words such as "expects," "believes," "intends," "projects," "anticipates," "estimates," "plans," "seeks," "forecasts," "predicts," "objective," "targets," "potential," "outlook," "may," "will," "could" or the negative of these terms, other comparable terminology and variations thereof. Such forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to be materially different from management's expectations, and no assurance can be given that such expectations will prove correct. Factors that could cause the Company's results to differ materially from the results discussed in such forward-looking statements principally include risks to our ability to achieve the anticipated benefits of the joint venture transaction with Propelis that closed in fiscal year 2025, changes in domestic or international economic conditions, changes in foreign currency exchange rates, changes in interest rates, changes in the cost of materials used in the manufacture of the Company's products, including changes in costs due to adjustments to tariffs, any impairment of goodwill or intangible assets, environmental liability and limitations on the Company's operations due to environmental laws and regulations, disruptions to certain services, such as telecommunications, network server maintenance, cloud computing or transaction processing services, provided to the Company by third-parties, changes in mortality and cremation rates, changes in product demand or pricing as a result of consolidation in the industries in which the Company operates, or other factors such as supply chain disruptions, labor shortages or labor cost increases, changes in product demand or pricing as a result of domestic or international competitive pressures, ability to achieve cost-reduction objectives, unknown risks in connection with the Company's acquisitions, divestitures, and business combinations, cybersecurity concerns and costs arising with management of cybersecurity threats, effectiveness of the Company's internal controls, compliance with domestic and foreign laws and regulations, technological factors beyond the Company's control, impact of pandemics or similar outbreaks, or other disruptions to our industries, customers, or supply chains, the impact of global conflicts, such as the current war between Russia and Ukraine, and conflicts and related sanctions or trade restrictions involving Venezuela, the Company's plans and expectations with respect to its exploration, and contemplated execution, of various strategies with respect to its portfolio of businesses, the Company's plans and expectations with respect to its Board of Directors, and other factors described in the Company's Annual Report on Form 10-K and other periodic filings with the U.S. Securities and Exchange Commission.Matthews International Corporation
Corporate Office
Two NorthShore Center
Pittsburgh, PA  15212-5851
Phone: (412) 442-8200Contact: Daniel E. Stopar
Matthews International
Chief Financial Officer and Treasurer



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Original: Matthews International Provides Updates Following Its 2026 Annual Meeting of Shareholders

MATTHEWS INTERNATIONAL REPORTS RESULTS FOR FISCAL 2026 FIRST QUARTERFebruary 3, 2026 4:15 PM
PR Newswire (US)

Fiscal 2026 First Quarter Financial Highlights:Memorialization reports higher sales and adjusted EBITDACommercialization of MPERIA® Axian Inkjet (XIJ) systems progressing wellProceeds from divestitures drive $174 million reduction in outstanding debtRedemption of $300 million of 8.625% Notes due 2027Company maintains outlook for fiscal 2026Webcast: Wednesday, February 4, 2026, 9:00 a.m., 203-518-9856PITTSBURGH, Feb. 3, 2026 /PRNewswire/ -- Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for its first quarter of fiscal 2026.







In discussing the results for the Company's fiscal 2026 first quarter, Joseph C. Bartolacci, President and Chief Executive Officer, stated:"We are very pleased with our operating results for the fiscal 2026 first quarter.  The Company reported earnings per share on a GAAP basis of $1.39 for the current quarter compared to a loss of $0.11 a year ago.  We executed the previously announced sale of the warehouse automation business, receiving   $225.4 million in cash proceeds and generating a gain on the divestiture.  We also finalized the sale of the European packaging business, marking the full disposition of any controlling interests in the Brand Solutions segment.  Additionally, the Memorialization segment reported higher sales and adjusted EBITDA compared to a year ago."Sales for the Memorialization segment for the fiscal 2026 first quarter were higher than a year ago primarily reflecting the recent acquisition of The Dodge Company.  We expect this acquisition to be nicely accretive to earnings as we leverage the benefits of our Memorialization commercial platform and have already begun to realize cost synergies from integration.  Inflationary price realization and higher sales volumes for caskets and cemetery memorials also contributed to sales growth in the quarter.  The earnings impact of these sales increases and benefits from the segment's ongoing productivity initiatives were significant factors in the segment's improved operating margins."The Industrial Technologies segment reported a decline in sales for the fiscal 2026 first quarter.  The decrease mainly resulted from challenges in our engineering business, including the impacts of the ongoing Tesla dispute.  However, interest from other customers in our dry battery electrode solutions remains very strong, which we anticipate will start to convert to orders in the second half of fiscal 2026. Initial beta installations of the MPERIA® Axian Inkjet (XIJ) systems are performing well and we've received significant customer interest in the new product."During the fiscal 2026 first quarter, we reduced consolidated outstanding debt by $174 million. The reduction primarily reflected the proceeds from the warehouse automation and European packaging divestitures, offset partly by unfavorable impacts from typical first quarter reductions in working capital, seasonally lower earnings and funding of expenditures associated with divestitures, strategic initiatives and other items.  In January, we redeemed $300 million aggregate principal of 8.625% Senior Secured Second Lien Notes due 2027, which is expected to significantly reduce interest expense and improve future cash flow. "Regarding the integration of the SGK business with SGS, the new company, Propelis Group ("Propelis"), has reported solid operating results since formation of the joint venture in May of 2025. The new management team has made good progress towards achieving its projected cost synergy estimate of approximately $60 million, much of which is expected to be realized in calendar 2026."The Board, with the support of J.P. Morgan, identified several alternatives for evaluation and consideration toward improving shareholder value and better alignment with the underlying value of the organization.  The divestitures of SGK in 2025, and the warehouse automation and European packaging businesses this quarter are all outcomes of this effort to simplify Matthews' business structure and enhance shareholder value. The Company's strategic alternatives review remains ongoing."Lastly based on our results through December 31, 2025, and projections for the remainder of fiscal 2026. we are maintaining our previous earnings guidance of adjusted EBITDA of at least $180 million (which includes our estimated 40% share of Propelis adjusted EBITDA) for fiscal 2026."Divestiture of the SGK BusinessAs previously reported, on May 1, 2025, the Company contributed the SGK business to a newly formed entity, Propelis, in exchange for cash and other consideration. The fiscal 2025 consolidated financial information presented in this release reflects the financial results of the SGK business through the closing date.  As a result of the integration process of Propelis and transition to its stand-alone reporting systems, our 40% portion of the financial results of Propelis is reported on a one-quarter lag.  Accordingly, the consolidated financial information presented in this release includes our 40% interest in the financial results of Propelis for the quarter ended September 2025.WebcastThe Company will host a conference call and webcast on Wednesday, February 4, 2026 at 9:00 a.m. Eastern Time to review its financial and operating results and discuss its corporate strategies and outlook. A question-and-answer session will follow. The conference call can be accessed by dialing (203)-518-9856. The audio webcast can be monitored at www.matw.com. As soon as available after the call, a transcript of the call will be posted on the Investor Relations section of the Company's website at www.matw.com.About Matthews International CorporationMatthews International Corporation operates through two core global businesses – Industrial Technologies and Memorialization. Both are focused on driving operational efficiency and long-term growth through continuous innovation and strategic expansion. The Industrial Technologies segment evolved from our original marking business, which today is a leading global innovator committed to empowering visionaries to transform industries through the application of precision technologies and intelligent processes. The Memorialization segment is a leading provider of memorialization products, including memorials, caskets and cremation and incineration equipment, primarily to cemetery and funeral home customers that help families move from grief to remembrance. In addition, the Company also has a significant investment in Propelis, a brand solutions business formed through the merger of SGK and SGS & Co. Propelis delivers integrated solutions including brand creative, packaging, print solutions, branded environments, and content production. Matthews International has over 4,300 employees in 15 countries on four continents that are committed to delivering the highest quality products and services.Forward-looking InformationAny forward-looking statements contained in this release 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 Matthews International Corporation and its consolidated subsidiaries (collectively "Matthews" or the "Company") regarding the future, including statements regarding the anticipated benefits and risks associated with the joint venture transaction with Peninsula Parent LLC, d.b.a. Propelis Group ("Propelis") and the timing thereof, and may be identified by the use of words such as "expects," "believes," "intends," "projects," "anticipates," "estimates," "plans," "seeks," "forecasts," "predicts," "objective," "targets," "potential," "outlook," "may," "will," "could" or the negative of these terms, other comparable terminology and variations thereof. Such forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to be materially different from management's expectations, and no assurance can be given that such expectations will prove correct. Factors that could cause the Company's results to differ materially from the results discussed in such forward-looking statements principally include risks to our ability to achieve the anticipated benefits of the joint venture transaction with Propelis that closed in fiscal year 2025, changes in domestic or international economic conditions, changes in foreign currency exchange rates, changes in interest rates, changes in the cost of materials used in the manufacture of the Company's products, including changes in costs due to adjustments to tariffs, any impairment of goodwill or intangible assets, environmental liability and limitations on the Company's operations due to environmental laws and regulations, disruptions to certain services, such as telecommunications, network server maintenance, cloud computing or transaction processing services, provided to the Company by third-parties, changes in mortality and cremation rates, changes in product demand or pricing as a result of consolidation in the industries in which the Company operates, or other factors such as supply chain disruptions, labor shortages or labor cost increases, changes in product demand or pricing as a result of domestic or international competitive pressures, ability to achieve cost-reduction objectives, unknown risks in connection with the Company's acquisitions, divestitures, and business combinations, cybersecurity concerns and costs arising with management of cybersecurity threats, effectiveness of the Company's internal controls, compliance with domestic and foreign laws and regulations, technological factors beyond the Company's control, impact of pandemics or similar outbreaks, or other disruptions to our industries, customers, or supply chains, the impact of global conflicts, such as the current war between Russia and Ukraine, and conflicts and related sanctions or trade restrictions involving Venezuela, the Company's plans and expectations with respect to its exploration, and contemplated execution, of various strategies with respect to its portfolio of businesses, the Company's plans and expectations with respect to its Board of Directors, and other factors described in the Company's Annual Report on Form 10-K and other periodic filings with the U.S. Securities and Exchange Commission. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)(In thousands, except per share data)


Three Months EndedDecember 31,



2025
2024
% ChangeSales
$  284,763
$  401,842
(29.1) %Cost of sales
(185,090)
(276,150)
(33.0) %Gross profit
99,673
125,692
(20.7) %  Gross margin
35.0 %
31.3 %








Selling and administrative expenses
(112,392)
(111,410)
0.9 %Amortization of intangible assets
(2,966)
(8,608)
(65.5) %Gain on divestitures, net
113,209
—
NMOperating profit
97,524
5,674
1,618.8 %  Operating margin
34.2 %
1.4 %








Interest and other deductions, net
(13,106)
(11,504)
13.9 %Income (loss) before income taxes
84,418
(5,830)
NMIncome taxes
(40,789)
2,358
NM






Net income (loss)
$    43,629
$     (3,472)
NM






Earnings (loss) per share -- diluted
$         1.39
$       (0.11)
NM






(Loss) earnings per share -- non-GAAP (1)
$       (0.19)
$         0.14
NM






Dividends declared per share
$      0.255
$         0.25
2.0 %






Diluted Shares
31,464
31,110

(1) See reconciliation of non-GAAP financial information provided in tables at the end of this releaseNM: Not meaningful SEGMENT INFORMATION (Unaudited)(In thousands)

Three Months EndedDecember 31,
2025
2024Sales:


Memorialization$            204,175
$            190,486Industrial Technologies69,015
80,533Brand Solutions11,573
130,823
$            284,763
$            401,842



Adjusted EBITDA:


Memorialization$              38,949
$              36,612Industrial Technologies(4,458)
1,832Brand Solutions12,694
12,292Corporate and Non-Operating(11,947)
(10,713)Total Adjusted EBITDA (1) $              35,238
$              40,023



(1) See reconciliation of non-GAAP financial information provided in tables at the end of this release CONDENSED CONSOLIDATED BALANCE SHEET INFORMATION (Unaudited)(In thousands) 

December 31, 2025September 30, 2025ASSETS





Cash and cash equivalents

$                        31,357

$                        32,433Accounts receivable, net

115,476

132,940Inventories, net

192,378

202,827Other current assets

149,932

151,968Total current assets

489,143

520,168Investments

287,118

288,637Property, plant and equipment, net

191,255

224,575Goodwill

431,794

487,561Other intangible assets, net

93,762

105,958Other long-term assets

59,794

67,543Total assets

$                   1,552,866

$                   1,694,442






LIABILITIES





Long-term debt, current maturities

$                           7,271

$                           7,230Other current liabilities

317,582

343,250Total current liabilities

324,853

350,480Long-term debt

529,756

703,602Other long-term liabilities

155,041

159,418Total liabilities

1,009,650

1,213,500






SHAREHOLDERS' EQUITY





Total shareholders' equity

543,216

480,942Total liabilities and shareholders' equity

$                   1,552,866

$                   1,694,442 CONDENSED CONSOLIDATED CASH FLOWS INFORMATION (Unaudited)(In thousands)

Three Months Ended December 31,
2025
2024Cash flows from operating activities:


Net income (loss)$                       43,629
$                       (3,472)Adjustments to reconcile net income (loss) to net cash flows from operating activities:

Depreciation and amortization12,696
22,504Gain on divestitures, net(113,209)
—Changes in working capital items1,519
(39,170)Other operating activities3,373
(4,871)Net cash used in operating activities(51,992)
(25,009)



Cash flows from investing activities:


Capital expenditures(5,257)
(9,532)Acquisitions, net of cash acquired(524)
(2,218)Proceeds from sale of assets3,476
13,249Proceeds from divestitures240,168
—Other investing activities(420)
(63)Net cash provided by investing activities237,443
1,436



Cash flows from financing activities:


Net (payments on) proceeds from long-term debt(172,000)
31,949Purchases of treasury stock(5,163)
(4,275)Dividends(9,474)
(9,237)Net cash (used in) provided by financing activities(186,637)
18,437



Effect of exchange rate changes on cash110
(2,167)



Net change in cash and cash equivalents$                       (1,076)
$                       (7,303) Reconciliations of Non-GAAP Financial Measures Included in this report are measures of financial performance that are not defined by GAAP, including, without limitation, adjusted EBITDA, adjusted net income and EPS, constant currency sales, constant currency adjusted EBITDA, net debt and net debt leverage ratio. The Company defines net debt leverage ratio as outstanding debt (net of cash) relative to adjusted EBITDA. The Company uses non-GAAP financial measures to assist in comparing its performance on a consistent basis for purposes of business decision-making by removing the impact of certain items that management believes do not directly reflect the Company's core operations including acquisition and divestiture costs, ERP system integration costs, strategic initiative and other charges (which includes non-recurring charges related to certain commercial and operational initiatives and exit activities), stock-based compensation and the non-service portion of pension and postretirement expense.  Constant currency sales and constant currency adjusted EBITDA remove the impact of changes due to foreign exchange translation rates.  To calculate sales and adjusted EBITDA on a constant currency basis, amounts for periods in the current fiscal year are translated into U.S. dollars using exchange rates applicable to the comparable periods of the prior fiscal year.  Management believes that presenting non-GAAP financial measures is useful to investors because it (i) provides investors with meaningful supplemental information regarding financial performance by excluding certain items that management believes do not directly reflect the Company's core operations, (ii) permits investors to view performance using the same tools that management uses to budget, forecast, make operating and strategic decisions, and evaluate historical performance, and (iii) otherwise provides supplemental information that may be useful to investors in evaluating the Company's results. The Company's calculations of its non-GAAP financial measures, however, may not be comparable to similarly titled measures reported by other companies. The Company believes that the presentation of these non-GAAP financial measures, when considered together with the corresponding GAAP financial measures and the reconciliations to those measures, provided herein, provide investors with an additional understanding of the factors and trends affecting the Company's business that could not be obtained absent these disclosures.ADJUSTED EBITDA RECONCILIATION (Unaudited)(In thousands)

Three Months EndedDecember 31,
2025
2024Net income (loss)$     43,629
$     (3,472)Income tax provision (benefit)40,789
(2,358)Income (loss) before income taxes$     84,418
$     (5,830)Propelis depreciation, amortization, interest and other items (1)15,203
—Interest expense, including RPA and factoring financing fees (2)15,301
16,854Depreciation and amortization *12,696
22,504Acquisition and divestiture related items (3)**1,118
577Strategic initiatives and other items (4)**†15,250
615Gain on divestitures, net(113,209)
—Highly inflationary accounting losses (primarily non-cash) (5)16
191Stock-based compensation 4,407
4,979Non-service pension and postretirement expense (6)38
133Total Adjusted EBITDA$     35,238
$     40,023Adjusted EBITDA margin12.4 %
10.0 %



(1) Represents the Company's portion of depreciation, intangible amortization, interest expense, and other items incurred by Propelis.(2) Includes fees for receivables sold under the RPA and factoring arrangements totaling $668 and $1,172 for the three months ended December 31, 2025 and 2024, respectively. (3) Includes certain non-recurring items associated with recent acquisition and divestiture activities.(4) )Includes certain non-recurring costs associated with commercial, operational and cost-reduction initiatives, and costs associated with global ERP system integration efforts.  Also includes legal costs related to an ongoing dispute with Tesla, Inc. ("Tesla"), which totaled $8,997 and $6,867 for the three months ended December 31, 2025 and 2024, respectively.  Fiscal 2025 includes net gains on the sales of certain significant property and other assets of $8,702.  Fiscal 2025 also includes loss recoveries totaling $1,170 for the three months ended December 31, 2024 which were related to a previously disclosed theft of funds by a former employee initially identified in fiscal 2015. 5) Represents exchange losses associated with highly inflationary accounting related to the Company's Turkish subsidiaries.(6) Non-service pension and postretirement expense includes interest cost, expected return on plan assets, amortization of actuarial gains and losses, curtailment gains and losses, and settlement gains and losses. These benefit cost components are excluded from adjusted EBITDA since they are primarily influenced by external market conditions that impact investment returns and interest (discount) rates. Curtailment gains and losses and settlement gains and losses are excluded from adjusted EBITDA since they generally result from certain non-recurring events, such as plan amendments to modify future benefits or settlements of plan obligations.  The service cost and prior service cost components of pension and postretirement expense are included in the calculation of adjusted EBITDA, since they are considered to be a better reflection of the ongoing service-related costs of providing these benefits. Please note that GAAP pension and postretirement expense or the adjustment above are not necessarily indicative of the current or future cash flow requirements related to these employee benefit plans.* Depreciation and amortization was $8,147 and $7,202 for the Memorialization segment, $3,478 and $5,674 for the Industrial Technologies segment, $609 and $8,860 for the Brand Solutions segment, and $462 and $768 for Corporate and Non-Operating, for the three months ended December 31, 2025 and 2024, respectively.** Acquisition and divestiture costs, ERP system integration costs, and strategic initiatives and other charges were $69 and $1,303 for the Memorialization segment, $10,353 and $4,119 for the Industrial Technologies segment, $3,493 and $714 for the Brand Solutions segment, and charges of $2,453 and income of $4,944 for Corporate and Non-Operating, for the three months ended December 31, 2025 and 2024, respectively.† Strategic initiatives and other items includes charges for exit and disposal activities (including severance and other employee termination benefits) totaling expenses of $1,523 and $313 for the three months ended December 31, 2025 and 2024, respectively.ADJUSTED NET INCOME AND EPS RECONCILIATION (Unaudited)(In thousands, except per share data)

Three Months EndedDecember 31,
2025
2024

per share

per shareNet income (loss) attributable to Matthews$    43,629$     1.39
$    (3,472)$   (0.11)Acquisition and divestiture costs (1)7770.03
3550.01Strategic initiatives and other charges (2)12,5690.40
7040.02Gain on divestitures, net(72,295)(2.30)
——Highly inflationary accounting losses (primarily non-cash) (3)16—
1910.01Non-service pension and postretirement expense (4)28—
100—Amortization2,2240.07
6,4560.21Propelis amortization and other unusual items (5)7,0410.22
——Adjusted net (loss) income$    (6,011)$   (0.19)
$      4,334$     0.14





Note:  Adjustments to net income for non-GAAP reconciling items were calculated using an income tax rate of 41.2% and 22.9% for the three months ended December 31, 2025 and December 31, 2024, respectively.(1) Includes certain non-recurring costs associated with recent acquisition and divestiture activities.(2) Includes certain non-recurring costs associated with commercial, operational and cost-reduction initiatives, and costs associated with global ERP system integration efforts.  Also includes legal costs related to an ongoing dispute with Tesla, Inc. ("Tesla"), which totaled $8,997 and $6,867 for the three months ended December 31, 2025 and 2024, respectively.  Fiscal 2025 includes net gains on the sales of certain significant property and other assets of $8,702.  Fiscal 2025 also includes loss recoveries totaling $1,170 for the three months ended December 31, 2024 which were related to a previously disclosed theft of funds by a former employee initially identified in fiscal 2015. (3) Represents exchange losses associated with highly inflationary accounting related to the Company's Turkish subsidiaries.(4) Non-service pension and postretirement expense includes interest cost, expected return on plan assets, amortization of actuarial gains and losses, curtailment gains and losses, and settlement gains and losses. These benefit cost components are excluded from adjusted EBITDA since they are primarily influenced by external market conditions that impact investment returns and interest (discount) rates. Curtailment gains and losses and settlement gains and losses are excluded from adjusted EBITDA since they generally result from certain non-recurring events, such as plan amendments to modify future benefits or settlements of plan obligations.  The service cost and prior service cost components of pension and postretirement expense are included in the calculation of adjusted EBITDA, since they are considered to be a better reflection of the ongoing service-related costs of providing these benefits. Please note that GAAP pension and postretirement expense or the adjustment above are not necessarily indicative of the current or future cash flow requirements related to these employee benefit plans.(5) Represents the Company's portion of amortization and other items incurred by Propelis. CONSTANT CURRENCY SALES AND ADJUSTED EBITDA RECONCILIATION (Unaudited)(In thousands) 
Memorialization
Industrial
Technologies
Brand Solutions
Corporate and
Non-Operating
ConsolidatedReported sales for the three months
ended December 31, 2025$              204,175
$                69,015
$                11,573
$                       —
$              284,763Changes in foreign exchange
translation rates(485)
(2,874)
804
—
(2,555)Constant currency sales for the
three months ended December 31,
2025$              203,690
$                66,141
$                12,377
$                       —
$              282,208









Reported adjusted EBITDA for the
three months ended December 31,
2025$                38,949
$                (4,458)
$                12,694
$              (11,947)
$                35,238Changes in foreign exchange
translation rates(35)
284
(55)
(65)
129Constant currency adjusted
EBITDA for the three months ended
December 31, 2025$                38,914
$                (4,174)
$                12,639
$              (12,012)
$                35,367 



Contact:Daniel E. Stopar

Chief Financial Officer and Treasurer


Phone: (412) 442-8200  



View original content to download multimedia:https://www.prnewswire.com/news-releases/matthews-international-reports-results-for-fiscal-2026-first-quarter-302677941.htmlSOURCE Matthews International Corporation

Original: MATTHEWS INTERNATIONAL REPORTS RESULTS FOR FISCAL 2026 FIRST QUARTER

MATTHEWS INTERNATIONAL DECLARES QUARTERLY DIVIDENDJanuary 28, 2026 4:15 PM
PR Newswire (US)

PITTSBURGH, Jan. 28, 2026 /PRNewswire/ -- Matthews International Corporation (NASDAQ GSM: MATW) announced that its Board of Directors declared, at its regularly scheduled meeting today, 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.About Matthews International Corporation
Matthews International Corporation operates through two core global businesses – Industrial Technologies and Memorialization. Both are focused on driving operational efficiency and long-term growth through continuous innovation and strategic expansion. The Industrial Technologies segment evolved from our original marking business, which today is a leading global innovator committed to empowering visionaries to transform industries through the application of precision technologies and intelligent processes. The Memorialization segment is a leading provider of memorialization products, including memorials, caskets and cremation and incineration equipment, primarily to cemetery and funeral home customers that help families move from grief to remembrance. In addition, the Company also has a significant investment in Propelis, a brand solutions business formed through the merger of SGK and SGS & Co. Propelis delivers integrated solutions including brand creative, packaging, print solutions, branded environments, and content production. Matthews International has over 4,300 employees in 15 countries on four continents that are committed to delivering the highest quality products and services.Forward-looking Information
Any forward-looking statements contained in this release 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 Matthews International Corporation and its consolidated subsidiaries (collectively "Matthews" or the "Company") regarding the future, including statements regarding the anticipated benefits and risks associated with the joint venture transaction with Peninsula Parent LLC, d.b.a. Propelis Group ("Propelis") and the timing thereof, and may be identified by the use of words such as "expects," "believes," "intends," "projects," "anticipates," "estimates," "plans," "seeks," "forecasts," "predicts," "objective," "targets," "potential," "outlook," "may," "will," "could" or the negative of these terms, other comparable terminology and variations thereof. Such forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to be materially different from management's expectations, and no assurance can be given that such expectations will prove correct. Factors that could cause the Company's results to differ materially from the results discussed in such forward-looking statements principally include risks to our ability to achieve the anticipated benefits of the joint venture transaction with Propelis that closed in fiscal year 2025, changes in domestic or international economic conditions, changes in foreign currency exchange rates, changes in interest rates, changes in the cost of materials used in the manufacture of the Company's products, including changes in costs due to adjustments to tariffs, any impairment of goodwill or intangible assets, environmental liability and limitations on the Company's operations due to environmental laws and regulations, disruptions to certain services, such as telecommunications, network server maintenance, cloud computing or transaction processing services, provided to the Company by third-parties, changes in mortality and cremation rates, changes in product demand or pricing as a result of consolidation in the industries in which the Company operates, or other factors such as supply chain disruptions, labor shortages or labor cost increases, changes in product demand or pricing as a result of domestic or international competitive pressures, ability to achieve cost-reduction objectives, unknown risks in connection with the Company's acquisitions, divestitures, and business combinations, cybersecurity concerns and costs arising with management of cybersecurity threats, effectiveness of the Company's internal controls, compliance with domestic and foreign laws and regulations, technological factors beyond the Company's control, impact of pandemics or similar outbreaks, or other disruptions to our industries, customers, or supply chains, the impact of global conflicts, such as the current war between Russia and Ukraine, and conflicts and related sanctions or trade restrictions involving Venezuela, the Company's plans and expectations with respect to its exploration, and contemplated execution, of various strategies with respect to its portfolio of businesses, the Company's plans and expectations with respect to its Board of Directors, and other factors described in the Company's Annual Report on Form 10-K and other periodic filings with the U.S. Securities and Exchange Commission.Matthews International Corporation
Corporate Office
Two NorthShore Center
Pittsburgh, PA 15212-5851
Phone: (412) 442-8200Contact: Daniel E. Stopar
Chief Financial Officer
and Treasurer



View original content to download multimedia:https://www.prnewswire.com/news-releases/matthews-international-declares-quarterly-dividend-302673162.htmlSOURCE Matthews International Corporation

Original: MATTHEWS INTERNATIONAL DECLARES QUARTERLY DIVIDEND

Read more here https://www.gsp.ro/gsp-special/publicitate/cum-alegi-cele-mai-bune-echipamente-pentru-antrenamentele-de-acasa-690139.html

I agree with the points raised in this thread about MATW's role during the pandemic and its potential impact on the company's future.

Absolutely, the ongoing health crisis has indeed underscored the crucial role of companies like MATW in ensuring public safety and security. Amidst the concerning rise in infections, MATW's services and solutions are pivotal, contributing significantly to the nation's response and management of these challenges.

As Warren Buffett astutely pointed out, the stock market often reflects the movement of wealth from those seeking quick gains to those who take a more patient, long-term approach to investing. In the case of MATW, their commitment to ensuring safety and security aligns with the principle of long-term value creation. This dedication to their mission provides a sense of job security and stability, factors that resonate particularly well in uncertain times.

The current situation underscores the resilience and importance of companies like MATW, highlighting their role not only in safeguarding public health but also potentially offering stability and reliability in an ever-evolving landscape.

$MATW: Helluva BullFlag breakout.... makes sense


Look at that now at $33


Totally moved higher off that flag on the 100day............ perfectly makes sense technically


GO $MATW

With the newest infections nationwide MATW has some job security for the next few years at least.

Hundreds volunteer to help New York's overwhelmed funeral homes
Funeral homes and hospital morgues in ‘state of emergency’
More than 5,000 confirmed to have died in New York City
Coronavirus – live US updates
Live global updates
See all our coronavirus coverage
Enjoli Liston in New York and agencies

@enjoli_
Fri 10 Apr 2020 16.07 EDTFirst published on Fri 10 Apr 2020 14.25 EDT
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People outside a funeral home in Brooklyn, New York, on 2 April.
People outside a funeral home in Brooklyn, New York, on 2 April. Photograph: John Minchillo/AP
Hundreds of volunteers have come forward to help funeral homes and hospital mortuaries in New York City that have been overwhelmed by the number of deaths during the coronavirus pandemic.

One funeral director had described the situation as a “state of emergency,” with some forced to ask families to try to keep their loved ones’ bodies in hospitals for as long as possible to allow funeral services to cope. Some cemeteries and crematoriums have reported being booked up for weeks.

According to Johns Hopkins, 5,150 people had died in hospital in New York City after contracting coronavirus as of Friday, though the death toll is believed to be higher. The New York Times reported that New York fire department data showed 1,125 people were pronounced dead in their homes or on the street in the first five days of April, more than eight times the 131 deaths recorded during the same period in 2019.


A tale of two New Yorks: pandemic lays bare a city's shocking inequities
Read more
“The last couple of weeks have been totally out of control,” Matthew Pinto, director of the Provenzano Lanza funeral home in Manhattan, told the New York Post. “On a normal day, our funeral home will do between one and two calls. Now we’re doing eight or nine. Honestly, we’re not equipped for it.”

Funeral directors have been running out of storage for remains, with some trying to rent refrigerated vehicles to expand their facilities. Hospitals in New York have already been using refrigerated trucks to store the dead, and the city set up 45 mobile morgues earlier this month.

Joe Neufeld, director of the Gerard J Neufeld funeral home in Queens, told the paper he went from holding about 14 funerals a week to more than 50. He said he was was no longer able to offer full services because his viewing room was filled with people’s remains.

“We had no choice,” he said. “I’ve had families call me telling me they can’t find anyone to take their loved one.”


At the Daniel J Schaefer funeral home in the Sunset Park neighborhood of Brooklyn, Pat Marmo recently told the Associated Press his company was equipped to handle 40 to 60 cases at a time, but was taking care of 185 a day.

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“Every person there, they’re not a body,” he said as he walked among 20 or so deceased people in the home. “They’re a father, they’re a mother, they’re a grandmother. They’re not bodies. They’re people.

“This is a state of emergency,” he said. “We need help.”

Marmo said he had been begging families to insist hospitals hold their dead loved ones as long as possible to help funeral services to cope, and because cemeteries and crematoriums were booked up weeks in advance

Drone footage showed how dozens of New Yorkers who have died without next of kin are being buried in pits in the potter’s field on Hart Island, where millions of the city’s poorest residents have been laid to rest.


Coronavirus: the week explained - sign up for our email newsletter
Read more
New York’s governor, Andrew Cuomo, this week signed an executive order allowing out-of-state funeral directors to come into the state to help relieve pressure on funeral services. The move came after the National Funeral Directors Association wrote an open letter letter to the governor, saying hundreds of people were willing to help.

Announcing the move, Cuomo said: “If you ever told me that as governor I would have to take these actions, I couldn’t even contemplate where we are now.”

The NFDA said it had been approached by more than 500 volunteers looking to help funeral homes and hospitals. It said it had this week sent the names of 115 students and apprentices to the New York City office of emergency management, who could help ensure the deceased were “treated respectfully” in hospitals, and “documentation is complete while awaiting transfer to a local funeral home”.

It said it had also sent on names of licensed funeral directors to the New York State Funeral Directors Association, and would continue to try and recruit more volunteers.

Funeral directors have said in addition to the surge in deaths, the physical distancing measures in place to help stop the spread of the coronavirus have transformed the grieving process.

Those who die in hospital or other care facilities are not allowed to have visitors by their bedsides, and gatherings for funerals are limited to immediate family, if that.

Jackie McQuade, a funeral director at Schuyler Hill funeral home in the Bronx, told the AP that at one cemetery she worked with, only she and a priest were allowed at the site of a burial. She photographed the casket being lowered, hoping it could bring some closure to the family.

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“We would be going crazy if it were one of our loved ones,” she said.

The Associated Press contributed to this report

America faces an epic choice...
... in the coming year, and the results will define the country for a generation. These are perilous times. Over the last three years, much of what the Guardian holds dear has been threatened – democracy, civility, truth. This administration has cleared out science and scientists across all departments. America's reputation as a competent global leader is in peril. Truth is being chased away. But with your help we can continue to put it center stage.

Rampant disinformation, partisan news sources and social media's tsunami of fake news are no bases on which to inform the American public in 2020. The need for a robust, independent press has never been greater, and with your support we can continue to provide fact-based reporting that offers public scrutiny and oversight. Our journalism is free and open for all, but it's made possible thanks to the support we receive from readers like you across America in all 50 states.

Our journalism relies on our readers’ generosity – your financial support has meant we can keep investigating, disentangling and interrogating. It has protected our independence, which has never been so critical. We are so grateful.



$MATW

Undervalued at this level. A value play here.

Fundamental analysis show MATW is 15% overvalued prior to earnings:

Analysis

~ Monday! $MATW ~ Q2 Earnings alerted as posted, pending or coming soon! In Charts and Links Below!

~ $MATW ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








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~ Marketwatch: http://www.marketwatch.com/investing/stock/MATW/insideractions


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=MATW >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

Any update on the MATW and ETNL agreement? Looking forward to seeing if it is underway, or still in progress?

Feb was the agreement. There was a Vatican Casket displayed at Omaha the Catholic cemetery convention, however it was just a promo, now it is time for the Vatican to approve, then allow MATW to manufacture and market the item.
Also in the 2-25 update were the Star Trek Urn, it made its debut on October 1, 2010, so the LOU is underway, now we just wait on the casket to be completed and marketed. I am hoping that in qtr 1 of 2011 we will see some welcomed revenues for Matw and Etnl.

how long has etnl been waiting for this stuff?

Here is some of the agreement with MATW and ETNL
This could be great for both companies once the products roll out.

SECTION 1 – REGISTRANT’S BUSINESS AND OPERATIONS
ITEM 1.01 Entry into a Material Agreement.
On February 16, 2010, Eternal Image, Inc. (the “Company”) entered into a binding letter of understanding (the “LOU”) with Matthews International Corporation (“Matthews”). Matthews’ acceptance was delivered to the Company on February 17, 2010. The LOU grants to Matthews the exclusive right to design, manufacture, and distribute certain caskets, urns, and monuments for the Company’s Vatican Observatory™ line; and urns for Eternal Image’s Star Trek line™ (“Branded Products”). Matthews is a designer, manufacturer and marketer of memorialization products and brand solutions whose securities are traded on the NASDAQ stock market under the symbol “MATW”.
The LOU is binding on the parties, but contemplates them entering into a more definitive contract in the future. It has an extendable initial term of two years, and the mechanics of its arrangement are that Matthews will initially manufacture and sell to the Company the Branded Products and repurchase them (on a quarterly basis) for sale and distribution (throughout the United States, Canada and Puerto Rico) through Matthews’ network of associated funeral homes and cemeteries. The specific number of product units that Matthews will manufacture and sell to the Company during a contract year is as follows:

a.
250 Star Trek Urns (which Product and design have been previously approved);
b.
720 Vatican Observatory Urns;
c.
200 Vatican Observatory bronze memorial pieces; and
d.
2,000 Vatican Observatory caskets.
The specific number of products that Matthews will repurchase from the Company during a contract year per quarter is:

a.
62 Star Trek Urns (plus an additional 2 units in the fourth quarter);
b.
180 Vatican Observatory Urns;
c.
50 Vatican Observatory bronze memorial pieces; and
d.
500 Vatican Observatory caskets.
The pricing for Products sold pursuant to the LOU shall be negotiated in good faith by and between the parties at such time as they are respectively designed and approved.
The executed Letter of Understanding is attached hereto as exhibits 10.1 and incorporated by reference.
SECTION 9 – FINANCIAL STATEMENTS and EXHIBITS
ITEM 9.01(d) EXHIBITS
Exhibit Number Description
10.1 Letter of Understanding between Eternal Image, Inc. and Matthews International Corporation

SIGNATURES

RJ READING HERE;

Hoping January shows the release of the Vatican casket. Also with this new licenses that ETNL is about to release will that be another agreement with MATW, and more revenues for both companies?

I am looking all over for photos of the casket in Omaha at the Catholic Cemetery conference but can not find it anywhere. I know for sure it was NOT at NFDA in New Orleans. I hope by October 2011 there are several new products for MATW and ETNL.

yup

I am looking forward to seeing MATW qtr numbers just to see if the Star Trek urns are adding more to the bottom line. I would love to know of the hundreds of pre-orders that were talked about, if they actually sold several of them? I want some actual numbers but we are going to have to wait and read the filings it appears.

Here is a post that shows the photo of the Star Trek urn and it is information that Matthews has given to funeral homes about the Star Trek Urn.

http://www.eternalimage.net/Pictures/Star_Trek_Urn_3D.TheVoyageContinues_FINAL.jpg

This company with the new Star Trek urn will continue to add market share. The future is bright for MATW and those companies that work close with them. I am ready for them to debut the Vatican Casket.

PS...what were you talking about an update on the loan next week, while discussing EI? I have not heard anything to that hopefully your prediction will come about. Did you hear that, or is it simply a WAG? Just curious and enjoy your weekend.

Looks like a pretty good opportunity. I need to do some more research before I get in.

yes I've read their PR's, mostly about executive level changes, not too much else on the wire and done just like an executive.

short to the point and simple

a clean desk just like mine

exec

look at the one in april... it is interesting what filings and pr's matthews puts out. always short and to the point. the 2 latest acquisitions have significant sales in 2009 and matthews paid a price approximately equal to the 2009 sales amounts for each. also, interesting complementary sales regions that each company brings to matthews which can only make matthews an even bigger player...

Matthews International Corporation Acquires Freeman Metals Group
Date : 10/19/2010 @ 4:56PM
Matthews International Corporation (Nasdaq:MATW) today announced its acquisition of Freeman Metal Products, Inc. and related entities, including F&F Metal Products, Inc., Esser Casket Co., and Southern Heritage Casket Co. (collectively "Freeman"). Freeman, which has manufacturing operations in North Carolina, Texas and Alabama, is also a distributor of caskets primarily in the Southeast and South central regions of the United States. Terms of the transaction were not immediately disclosed. Freeman reported sales of approximately $21 million in calendar 2009.

Matthews International Corporation Acquires Reynoldsville Casket Company
Date : 04/12/2010 @ 8:49AM...Matthews International Corporation (Nasdaq: MATW) today announced its acquisition of Reynoldsville Casket Company ("Reynoldsville"). Reynoldsville, which is headquartered in Reynoldsville, Pennsylvania, is a manufacturer and distributor of caskets primarily in the Northeast region of the United States. Terms of the transaction were not immediately disclosed. Reynoldsville reported sales of approximately $13 million in calendar 2009.

wow..lol they acutally put out a PR!! nice

Matthews International Corporation Acquires Freeman Metals Group
Matthews International (MM) (NASDAQ:MATW)
Intraday Stock Chart
Today : Tuesday 19 October 2010

Matthews International Corporation (Nasdaq:MATW) today announced its acquisition of Freeman Metal Products, Inc. and related entities, including F&F Metal Products, Inc., Esser Casket Co., and Southern Heritage Casket Co. (collectively "Freeman"). Freeman, which has manufacturing operations in North Carolina, Texas and Alabama, is also a distributor of caskets primarily in the Southeast and South central regions of the United States. Terms of the transaction were not immediately disclosed. Freeman reported sales of approximately $21 million in calendar 2009.

Joseph C. Bartolacci, President and Chief Executive Officer of Matthews, stated: "Freeman is an outstanding organization and their customer focus is well-respected in the casket industry. We are excited to welcome them to our Funeral Home Products team and look forward to working with their customers and the Freeman family of distributors. This acquisition is expected to provide synergies in the manufacturing and distribution of our products and to expand Matthews' market presence particularly in the Southeast and South central regions of the United States."

Matthews International Corporation, headquartered in Pittsburgh, Pennsylvania, is a designer, manufacturer and marketer principally of memorialization products and brand solutions. Memorialization products consist primarily of bronze memorials and other memorialization products, caskets and cremation equipment for the cemetery and funeral home industries. Brand solutions include graphics imaging products and services, marking products, and merchandising solutions. The Company's products and services include cast bronze memorials and other memorialization products; caskets; cast and etched architectural products; granite memorials; cremation equipment and cremation-related products; mausoleums; brand management; printing plates and cylinders, pre-press services and imaging services for the primary packaging and corrugated industries; marking and coding equipment and consumables, and industrial automation products for identifying, tracking and conveying various consumer and industrial products, components and packaging containers; and merchandising display systems and marketing and design services.

Any forward-looking statements contained in this release are included pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to be materially different from management's expectations. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove correct. Factors that could cause the Company's results to differ materially from the results discussed in such forward-looking statements principally include changes in economic conditions, competitive environment, death rate, foreign currency exchange rates, and technological factors beyond the Company's control.

CONTACT: Matthews International Corporation
Steven F. Nicola, Chief Financial Officer, Secretary
& Treasurer
412-442-8262

Hoping to see the new Vatican Observatory casket at NFDA is MATW has one present? Should be interesting to see the actual unit if they have the details worked out?

The revenues are what everyone wants to see. You could be right, I am just glad that both companies have to file. I know I am looking forward to seeing MATW's benefit along with the benefit for the ETNL shareholders. It is going to be interesting. You could be right about break-even, but what would that do for ETNL? Also how much is ETNL going to allow MATW to profit off of their licenses? This is never a dull subject, I guess we will know in the 3rd and 4th quarter as to the details and the Profit Margin. Because that is why shareholders invest, to see their profit and portfolios grow. Time will tell, we should know something in November or December as to the details of the Third Quarter then about February or March 2011, we should see the details of the Fourth Quarter for both companies. For me, I am in no hurry at all, but am looking forward to seeing how BOTH companies profit off of the sale of the products. Then will MATW jump on this next Licenses to be announced? Or stick with Vatican and Star Trek?

They can then do some pump PR's to drive the pps up so they can get a little more out of the 35 million shares they have left to sell...Sell into the pump and you should make a little money on your past "nibbles"...lol

Thank you hogs, THAT SAYS IT ALL IMO.


Speaking of hogs, we have a mess of wild hogs that got out of Corbin's Park in NH, raising hell with lawns and fields.


NH

Thanks for posting...Some good news for a change with this company.

My opinion of the Matthews deal:

If everything in the LOU sells, EI gets enough revenue to cover the licenses fees. Only if Matthews sells more will EI show a profit (not a net profit, they have to many expenses, but a profit over the licenses fee).

They can then do some pump PR's to drive the pps up so they can get a little more out of the 35 million shares they have left to sell...Sell into the pump and you should make a little money on your past "nibbles"...lol

MATW Star Trek Urn Update: NFDA 2010 Innovation Award Submissions

From the NFDA Site:
http://www.nfdabizexchange.org/index.php?option=com_content&view=article&id=441&Itemid=122

If you scroll down you will see Matthews Entered the Star Trek Urn, I like seeing EI's product listed WITH MATW, that should help make EI and MATW seem more of partners in manufacturing the Star Trek along with the other products. Slowly but surely it is all coming together.

DESCRIPTION OF PRODUCTS
http://www.nfdabizexchange.org/index.php?option=com_content&view=article&id=456:innovation-2010-matthews-international-corporation-official-star-trek-cremation-urn&catid=55&Itemid=122
'Originality and Uniqueness' Entry (250 words or less) :

Matthews International Corporation, through a partnership with Eternal Image, is pleased to offer this official Star Trek cremation urn. This marks the first time that Star Trek has ever licensed its name and design palette for use in the funeral industry. Furthermore, this urn features an image of the Starship Enterprise and star field background that is completely unique to this product—it has never been in print prior to this product. Matthews and Eternal Image have empowered the consumer to purchase an urn that is a reflection of a lifelong passion: a love for Star Trek.

Description of Products 'Quality and Design' (250 words or less) :

This 190 cubic inch capacity urn is built with an urn body made from a composite blend of natural minerals, an etched stainless steel face plate and name scroll and an image of the Starship Enterprise printed on anodized aluminum. It features a cut-out of the famous Star Trek Delta symbol through which you can see the famed Starship Enterprise flying through space. Above this graphic is where the nameplate is affixed, and below it is printed the name of this particular model: TO BOLDLY GO. We also offer a model called THE VOYAGE CONTINUES.

Description of Products 'Practicality & Sustainability' (250 words or less) :

Entertainment brands come and go, but few have had the staying power and worldwide appeal of Star Trek considering it first debuted on TV in 1966. The brand continues to attract younger followers through its newly launched series of motion pictures. Pre-orders for this product have already exceeded 200 and have come from as far away as the Philippines. As long as there are Trekkies, there will be demand for an urn such as this.

Description of Products 'Benefit & Value' (250 words or less) :

The benefits of this urn extend beyond just the fine quality in which they are built (discussed above). People have passion—it runs through all we do. Matthews International and Eternal Image are giving people the option of honoring that lifelong passion in the preplanning of their funeral or in the death of a loved one. This Star Trek urn enables a grieving family to purchase a product that is a fitting tribute to someone who was a fan of this franchise in life.

New Twitter alert: eternalimageinc Prototype for newly designed Star Trek urn approved! This product a joint-venture between EI & Matthews Intl. Launch date set for 09/2010

2nd Tweet: Our new Star Trek urn has been entered in the NFDA Innovation Award contest. Winner of 'most innovative' to be announced @ show in October

That is great. I am certain it is not because of ETNL.

NH

I called it days ago:

Matthews International (NASDAQ:MATW) has a potential upside of 35.1% based on a current price of $30.53 and an average consensus analyst price target of $41.25.

Hillenbrand Inc.'s Batesville unit, the largest U.S. maker of coffins, filed a U.S. trade complaint to stop imports of what it deems knockoff caskets from Mexico.

The complaint, filed yesterday with the U.S. International Trade Commission in Washington, said Ataudes Aguilares of Guadalajara, Mexico, is bringing caskets into the U.S. that infringe patents related to coffins with attached memorabilia compartments and a mechanism allowing funeral-home directors to swap out ornamental corner pieces.

Batesville said it has four manufacturing plants in the U.S. with about 3,300 workers. Sales of the patented caskets are expected to exceed $130 million this year, according to the complaint. Overall sales were $577.1 million last year, or 89 percent of Hillenbrand's revenue, Bloomberg data show.

The unit wants the trade commission to prevent closely held Ataudes Aguilares from selling its products in the U.S. and Puerto Rico.

"Ataudes Aguilares did not develop these caskets on its own," Batesville said in the complaint. "Instead, in order to compete against Batesville in selling improved caskets, Ataudes Aguilares entered into contracts to import for sale in the United States caskets manufactured by Ataudes Aguilares, but copied from Batesville patent protected caskets."

The memorabilia compartment is a drawer in which family members put mementos rather than in a box placed haphazardly in the coffin, Batesville said. In September, the unit sued the funeral homes in Puerto Rico that received the Ataudes Aguilares caskets. Part of the case was dismissed last month, according to court documents.

An official with Ataudes Aguilares couldn't immediately be reached for comment. A lawyer for the funeral homes didn't return telephone calls seeking comment.

Cremations, Too

The Batesville unit also provides cremation urns and other services to funeral homes. The company said its plants are in its hometown, Batesville, Indiana; Panola, Mississippi; Manchester, Tennessee and Vicksburg, Mississippi.

The trade commission is a quasi-independent agency that investigates unfair trade practices, including patent infringement, and has the power to prevent products from entering the U.S. It typically completes its investigations within about 15 months of agreeing to consider a complaint.

The case is In the Matter of Certain Caskets, Complaint No. 2738, U.S. International Trade Commission (Washington).



Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/06/09/bloomberg1376-L3T3P50YHQ0X-5.DTL#ixzz0qTP2uro2

Matthews International (NASDAQ:MATW) traded in a range yesterday that spanned from a low of $29.89 to a high of $30.75. Yesterday, the shares fell 1.15%, which took the trading range below the 3-day low of $30.00 on volume of 123,000 shares.
Shares of Matthews International are currently trading below their 50-day moving average (MA) of $34.25 and below their 200-day MA of $34.94. Look for these MAs to provide resistance for a short-term rebound in the shares.
SmarTrend is bearish on shares of Matthews International and our subscribers were alerted to Sell on May 06, 2010 at $33.02. The stock has fallen 8.8% since the alert was issued.
SmarTrend has the shares in a Downtrend and expects the share price to rebound toward the $30.10 resistance level. Afterwards, we expect it to move downward with its peers in the SmarTrend Personal & Consumer Services industry.

guess they are not ready to cover....

Check HI margins...profit built in...not saying EI will be close to 40% but IMO there is some there...weeeeeeeeeee

AND????????????

NH

Matthews International (NASDAQ:MATW) has gross margin of 38.7%, a sales growth of 1.8%, and trailing 12 months sales of $786.1 million.

FROM the MATW website...we know with the new Urns and Caskets, I look for the MATW website to be updated from the following, to introduce the Vatican and the Star Trek lineup:

The Casket segment is a leading manufacturer and distributor of caskets
in North America, producing a wide variety of wood and metal caskets.
It is also a leader in providing assortment planning and merchandising
and display products for funeral service businesses. These products assist
funeral service professionals in providing value and satisfaction to their
client families.

The Cremation segment is the leading designer and manufacturer of
cremation equipment and cremation-related products in North America.
Cremation equipment and products are sold primarily to funeral homes,
cemeteries, crematories, animal disposers and veterinarians within North
America, Europe, Australia and Asia. The segment also manufactures
environmentally-friendly caskets, which are manufactured from wood
fibers and corrugated materials covered with cloth, or paper veneer, which
gives the appearance of wood.

Vatican line due up here in this upcoming 3rd quarter. I am looking forward to the MATW conf call after this, just so they can update us on this new casket line. Also does MATW deal with candle production at all? I know they have several different divisions with bronze and markers, what about religious candles. Thanks if you have any info. How many Vatican caskets you expect them to sell? Also do we know is the Star Trek urn is being sold yet via MATW? We know it is a new product, I would love to see an update.

With the latest meetings last week, and the new partnership that EI and MATW are sharing with the Vatican line. I would like to think that IF MATW were interested, EI would deal with MATW rather than Waterloo. One thing is certain Waterloo has UNDERperformed, on the MLB licenses for sure. I would like to see Waterloo kick it up, or MATW just take over. I have confidence in the #2 casket producer and once again another casket that Batesville can NOT sell.

EI would have to take it away from Waterloo...They are the ND for that license at this time, like Cherokee is for PM and MATW will be for VOF...