On Aug. 11, Â Matthews International Corporation announced that its board of directors has appointed Michael J. Whitehead as president and chief executive officer, succeeding Joseph C. Bartolacci, who recently announced his intention to retire following more than two decades of leadership of the company. The appointment follows a comprehensive and…
Read MoreOn Aug. 6, Matthews International announced financial results for its fiscal third quarter of 2026. For the quarter, the company reported a loss of 75 cents per diluted share compared with earnings of 49 cents per share in the year-ago period. Revenue was $246 million compared with $349.4 million a…
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By Thomas A. Parmalee Matthews International stock fell as much as 6% on Aug. 5 after news began circulating that its longtime president and CEO has informed the company’s board of directors that he’ll be retiring. The stock had begun to recover during intraday trading. Joseph C. Bartolacci’s announcement comes…
Read MoreOn April 30, Matthews International Corp. reported financial results for its second quarter of fiscal 2026. For the three months ended March 31, 2026, revenue was $258.6 million compared with $427.6 million in the year-ago period. Non-GAAP earnings were 37 cents per share compared with 34 cents in the year-ago…
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On Feb. 19, Matthews International Corp. announced the appointment of J. Michael Nauman (pictured at top) as chairman of the board of directors following the company’s 2026 Annual Meeting of Shareholders, marking a key leadership transition as the organization continues executing its long-term strategic transformation, according to a news release.…
Read MoreOn Feb. 3, Matthews International Corp. announced financial results for its first quarter of fiscal 2026. Some highlights included: Memorialization reports higher sales and adjusted EBITDA Commercialization of MPERIA Axian Inkjet (XIJ) systems progressing well Proceeds from divestitures drive $174 million reduction in outstanding debt Redemption of $300 million of…
Read MoreMatthews International reported adjusted earnings per share of 50 cents for its fiscal fourth quarter versus 55 cents in the year-ago period. Revenue was $318.8 million versus $446.7 million a year ago. In its Nov. 20 news release announcing results, President and CEO Joseph Bartolacci said, "I am pleased to…
Read More On Aug. 5, Matthews International announced financial results for its third quarter of fiscal 2025. Consolidated sales for the quarter ended June 30, 2025, were $349.4 million, compared to $427.8 million for the same quarter a year ago. The decrease primarily reflected the divestiture of SGK on May 1, 2025.…
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Matthews Memorialization, a division of Matthews International Corporation, announced on May 12 that it has acquired The Dodge Company for $57 million. Dodge is a leading supplier of embalming chemicals and supplies in North America and sells a variety of other related products to funeral homes. Matthews Memorialization is a…
Read MoreOn Feb. 6, Matthews International Corp. provided an update on the ongoing business dispute involving Tesla. On Feb. 5, an arbitrator issued a decision on an arbitration demand filed by Matthews against Tesla in January 2024. This ruling acknowledged Matthews’ extensive, pre-Tesla background in manufacturing advanced Dry Battery Electrode technology…
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Matthews International Corporation and affiliates of SGS & Co announced on Jan. 8 that they have entered into a definitive agreement under which Matthews will sell its interest in SGK Brand Solutions to a newly formed entity created by affiliates of SGS, which will combine SGK and SGS. Under the…
Read MoreMatthews International's stock price surged more than 20% on Friday, Nov. 22, after reporting fiscal fourth-quarter earnings. Consolidated sales for the fiscal 2024 fourth quarter were $446.7 million, compared to $480.2 million for the fiscal 2023 fourth quarter, representing a decrease of $33.5 million. Net loss for the quarter ended…
Read MoreOn May 2, Matthews International reported financial results for its second quarter of fiscal 2024. Quarterly highlights included: Outstanding debt reduced by $19.6 million; net debt lower by $27.2 million. GAAP earnings per share of 29 cents consistent with a year ago. Non-GAAP EPS increased to 69 cents compared to…
Read MoreMatthews International Corp. announced financial results for the quarter and fiscal year ended Sept. 30, 2023, in a Nov. 16 news release. The company reported non-GAAP adjusted earnings per share of 96 cents for the quarter, compared with 82 cents a year ago. Quarterly revenue was $480.2 million compared with…
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