Matthews International Reports Results for Fourth Quarter and Fiscal Year Ended September 30, 2024 Financial Highlights: 4th Quarter consolidated sales of $446.7 million; $1.80 billion for fiscal 2024Outstanding debt reduced by $53.8 million during the quarterCost reduction actions progressing wellCompany sets adjusted EBITDA guidance for fiscal 2025Webcast: Friday, November 22, 2024, 9:00 a.m., (201) 689-8471 PITTSBURGH, Nov. 21, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GSM: MATW) today announced financial results for the quarter and fiscal year ended September 30, 2024. In discussing the ...
Matthews International Increases Quarterly Dividend PITTSBURGH, Nov. 20, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GSM: MATW) announced that its Board of Directors declared, at its regularly scheduled meeting today, a dividend of $0.25 per share on the Company’s common stock, representing an increase to the Company’s quarterly dividend rate. Joseph C. Bartolacci, President and Chief Executive Officer, stated: “Consistent with our long-term practice, we are pleased to announce another annual increase in our dividend for fiscal 2025. This reflects our ongoing confidence in the Company’s cash gener...
Matthews International Announces Fourth Quarter and Fiscal Year 2024 Earnings Release and Conference Call PITTSBURGH, Nov. 08, 2024 (GLOBE NEWSWIRE) -- (Nasdaq GSM: MATW) today announced plans to release its fourth quarter and fiscal year 2024 earnings results after the market closes on Thursday, November 21, 2024. 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 Steven F. Nicola, Chief Financial Officer. A question-and-an...
Matthews International Completes Senior Notes Offering PITTSBURGH, Sept. 30, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GSM: MATW) (“Matthews” or the “Company”) closed on September 27, 2024 on its previously announced private offering of $300 million aggregate principal amount of its 8.625% senior secured second lien notes due 2027 (the “Notes”). The Notes will pay interest semi-annually in arrears, on April 1 and October 1 of each year, beginning on April 1, 2025. The Notes will mature on October 1, 2027, unless earlier redeemed or repurchased, and are callable in one year. Mr. Bartolacci, Presi...
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Matthews International Announces Pricing of Senior Notes PITTSBURGH, Sept. 24, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GSM: MATW) (the “Company”) has priced its previously announced private offering of $300 million aggregate principal amount of its 8.625% senior secured second lien notes due 2027 (the “Notes”). The Notes will pay interest semi-annually in arrears, on April 1 and October 1 of each year, beginning on April 1, 2025. The Notes will mature on October 1, 2027, unless earlier redeemed or repurchased. The Notes offering is expected to close on September 27, 2024, subject to customary c...
Moody's Ratings (Moody's) affirmed Matthews International Corporation's ("Matthews") B1 corporate family rating ("CFR") and B1-PD probability of default rating (PDR). At the same time, we assigned B3 ratings to the proposed $300 million second lien senior secured notes due 2027. The current B3 ratin...
Matthews International Announces Proposed Private Offering of Senior Notes PITTSBURGH, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) (the “Company”) today announced a proposed private offering of senior secured second lien notes due 2027 (the “Notes”). At or prior to the closing of the offering of the Notes, the Company intends to amend its senior credit facility to, among other things, permit the Notes to be secured by a second priority lien on substantially all of our and certain of our domestic subsidiaries’ assets, and the Company and certai...
Moody's Ratings (Moody's) downgraded Matthews International Corporation's ("Matthews") corporate family rating ("CFR") to B1 from Ba3, and its probability of default rating to B1-PD from Ba3-PD. At the same time, we also downgraded the ratings on the company's $300 million senior unsecured notes due...
Moody's Ratings (Moody's) downgraded Matthews International Corporation's ("Matthews") corporate family rating ("CFR") to B1 from Ba3, and its probability of default rating to B1-PD from Ba3-PD. At the same time, we also downgraded the ratings on the company's $300 million senior unsecured notes due...
Matthews International Reports Results for Fiscal 2024 Third Quarter Fiscal 2024 Third Quarter Financial Highlights: Outstanding debt reduced by $12.6 million during the quarter3rd Quarter GAAP EPS of $0.06; non-GAAP adjusted EPS of $0.56SGK Brand Solutions segment reports sales growth for the quarterEnergy storage sales impacted by customer delaysCompany announces cost reduction initiativesWebcast: Friday, August 2, 2024, 9:00 a.m., (201) 689-8471 PITTSBURGH, Aug. 01, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GSM: MATW) today announced financial results for its third quarter of fis...
Matthews International Declares Quarterly Dividend PITTSBURGH, July 24, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GSM: MATW) announced that its Board of Directors declared, at its regularly scheduled meeting today, a dividend of $0.24 per share on the Company’s common stock. The dividend is payable August 19, 2024 to stockholders of record August 5, 2024. About Matthews International Corporation Matthews International Corporation is a global provider of industrial technologies, memorialization products and brand solutions. The Industrial Technologies segment includes the design, manufacturing,...
Matthews International Announces Third Quarter Fiscal 2024 Earnings Release and Conference Call PITTSBURGH, July 12, 2024 (GLOBE NEWSWIRE) -- (Nasdaq GSM: MATW) today announced plans to release its third quarter fiscal year 2024 earnings results after the market closes on Thursday, August 1, 2024. 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, Steven F. Nicola, Chief Financial Officer, and William D. Wilson, Senior Director...
Matthews International Refutes Tesla Allegations PITTSBURGH, June 17, 2024 (GLOBE NEWSWIRE) -- (Nasdaq GSM: MATW). On Friday evening, June 14, 2024, Tesla filed a complaint in Federal District Court in the Northern District of California. The claims stated in this threadbare complaint are utterly without merit and we intend to vigorously defend the matter. Notably, the complaint vaguely references trade secrets, but fails to identify even one trade secret that Tesla purportedly disclosed to Matthews. We are continuing to evaluate this complaint and may pursue legal remedies. Contrary to...
Matthews International to Participate in B. Riley Securities 24th Annual Institutional Investor Conference PITTSBURGH, May 15, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GSM: MATW) today announced that the company is scheduled to participate in B. Riley Securities 24th Annual Institutional Investor Conference to be held at the Beverly Hilton Hotel in Beverly Hills, CA, on Wednesday, May 22, 2024. The presentation materials utilized during the conference will be available on the investor relations website of Matthews’ website at Joe Bartolacci, President and CEO, and Steve Nicola, CFO, will b...
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