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Matthews International

OverviewSuggest Edit

Matthews International is a global provider of brand solutions, memorialization products, and industrial technologies. It manages its business under 3 segments: SGK Brand Solutions, Memorialization, and Industrial Technologies. The SGK Brand Solutions segment provides both integrated and stand-alone products, services, and solutions, which include brand development and graphic design, brand deployment and activation, brand delivery, consulting, and digital tools. The Memorialization segment manufactures and markets memorialization products used primarily in cemeteries, funeral homes, and crematories, such as cast bronze memorials, granite memorials, caskets, cremation equipment, as well as architectural products used to identify or commemorate people, places, events, and accomplishments. The Industrial Technologies segment designs, manufactures, and distributes marking and coding equipment and consumables, industrial automation solutions, and warehouse automation systems.
TypePublic
Founded1850
HQPittsburgh, PA, USMap
Websitematw.com
Employee Ratings2.9More
Overall CultureC-More
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Latest Updates

Employees (est.) (Oct 2019)11,000
Job Openings300
Revenue (FY, 2019)$1.5 B(-4%)
Share Price (Jul 2021)$32.8(-4%)
Cybersecurity ratingBMore

Key People/Management at Matthews International

Joseph C. Bartolacci

Joseph C. Bartolacci

President & Chief Executive Officer
Gregory S. Babe

Gregory S. Babe

Chief Technology Officer
Davor Brkovich

Davor Brkovich

Chief Information Officer
Steven F. Nicola

Steven F. Nicola

Chief Financial Officer & Secretary
Brian J. Dunn

Brian J. Dunn

Executive Vice President, Strategy & Corporate Development
Brian D. Walters

Brian D. Walters

Senior Vice President and General Counsel
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Matthews International Office Locations

Matthews International has offices in Pittsburgh, Apopka and Hyde
Pittsburgh, PA, US (HQ)
2 N Shore Center
Apopka, FL, US
2045 Sprint Blvd
Hyde, GB
Units 2 and 3 Hyde Point, Dunkirk Lane
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Matthews International Financials and Metrics

Matthews International Revenue

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Matthews International's revenue was reported to be $1.54 b in FY, 2019
USD

Revenue (Q2, 2021)

417.2m

Gross profit (Q2, 2021)

141.0m

Gross profit margin (Q2, 2021), %

33.8%

Net income (Q2, 2021)

5.2m

EBIT (Q2, 2021)

15.0m

Market capitalization (22-Jul-2021)

1.1b

Closing stock price (22-Jul-2021)

32.8

Cash (31-Mar-2021)

47.0m

EV

1.9b
Matthews International's current market capitalization is $1.1 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

898.8m900.3m985.4m1.1b1.4b1.5b1.5b1.6b1.5b

Revenue growth, %

12%29%4%

Cost of goods sold

547.2m563.7m628.8m714.1m896.7m924.0m952.2m1.0b994.8m

Gross profit

351.7m336.6m356.5m392.5m529.4m556.5m563.4m581.4m542.5m
Quarterly
USDQ3, 2010Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q2, 2021

Revenue

213.3m220.2m231.5m217.2m225.5m227.5m225.6m256.4m250.7m229.9m246.8m280.0m343.6m349.4m364.8m354.2m367.2m382.1m349.0m380.9m389.6m369.5m414.1m411.6m374.2m391.4m379.3m364.9m374.8m359.4m417.2m

Cost of goods sold

128.4m132.0m139.6m139.2m140.8m139.8m145.6m161.5m159.3m148.6m156.7m175.8m218.9m221.7m229.3m227.7m229.4m236.8m221.7m242.5m245.5m238.8m264.1m259.7m247.8m255.1m242.1m249.2m250.0m238.5m276.1m

Gross profit

85.0m88.1m91.9m78.0m84.7m87.7m80.0m94.9m91.4m81.4m90.2m104.2m124.7m127.7m135.4m126.6m137.8m145.3m127.3m138.4m144.1m130.7m150.0m151.9m126.4m136.3m137.2m115.7m124.8m121.0m141.0m

Gross profit Margin, %

40%40%40%36%38%39%35%37%36%35%37%37%36%37%37%36%38%38%36%36%37%35%36%37%34%35%36%32%33%34%34%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

60.3m58.3m58.0m63.0m72.2m55.7m57.5m41.6m35.3m

Accounts Receivable

164.7m174.6m188.4m282.7m284.0m8.0m319.6m331.5m318.8m

Prepaid Expenses

16.2m20.0m19.0m49.5m77.3m46.5m62.9m49.4m

Inventories

125.6m130.7m130.8m152.8m171.4m162.5m171.4m180.5m180.3m
Quarterly
USDQ3, 2010Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q2, 2021

Cash

56.0m60.3m54.7m54.5m54.7m54.7m53.6m51.5m54.9m62.9m61.6m80.6m69.5m63.1m69.8m65.1m59.3m74.5m106.4m43.6m56.8m60.1m64.8m53.7m39.8m37.7m33.6m39.4m72.3m42.9m47.0m

Accounts Receivable

142.6m150.2m161.0m163.3m166.6m172.2m183.8m185.2m183.4m172.2m185.3m199.5m267.6m261.9m268.3m268.1m273.8m285.2m286.3m302.6m307.2m320.1m342.3m327.7m313.2m318.1m318.7m312.9m294.6m271.2m292.7m

Prepaid Expenses

14.1m15.3m17.4m17.9m19.2m22.3m22.2m21.9m20.4m23.0m21.8m23.0m41.0m55.6m54.3m66.8m76.2m73.3m54.1m63.1m70.7m53.8m58.2m63.7m73.1m74.3m73.5m56.5m

Inventories

99.5m122.5m132.0m130.3m128.2m133.2m138.2m137.4m131.8m140.1m143.0m141.9m154.5m146.6m142.9m171.6m169.3m166.7m165.6m174.8m179.9m179.3m182.1m184.8m188.3m187.7m188.7m185.6m186.9m182.4m186.5m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

72.4m55.8m54.8m43.3m63.3m66.2m73.9m107.1m(38.9m)

Depreciation and Amortization

27.7m28.8m37.9m42.9m62.6m65.5m68.0m77.0m90.8m

Inventories

(13.6m)(3.5m)2.9m4.4m17.0m10.5m(2.3m)(2.9m)830.0k

Accounts Payable

6.2m1.0m
Quarterly
USDQ3, 2010Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q2, 2021

Net Income

49.3m29.8m51.7m11.3m26.5m42.9m8.3m22.4m40.4m7.9m19.2m38.8m14.8m24.3m46.3m4.5m18.8m42.6m9.0m23.8m53.2m35.2m53.2m77.6m3.0m18.2m32.6m(10.3m)(96.9m)(95.1m)3.2m

Depreciation and Amortization

20.0m13.6m20.4m7.1m14.5m21.9m8.2m17.3m26.5m9.3m18.9m28.0m15.4m31.9m47.1m15.7m32.2m49.3m15.2m32.3m50.8m17.2m37.0m57.1m19.2m40.3m60.8m28.9m58.3m88.4m62.5m

Cash From Operating Activities

83.5m33.8m62.0m7.1m26.2m56.3m7.2m33.4m72.9m12.3m23.6m63.5m9.3m54.1m102.3m10.0m51.9m98.4m16.0m44.3m95.8m7.6m56.3m82.8m8.4m45.3m89.4m5.4m66.0m123.6m92.2m

Purchases of PP&E

(11.0m)(7.7m)(15.8m)(5.7m)(15.9m)(24.6m)(5.3m)(10.9m)(17.3m)(4.6m)(9.9m)(18.8m)(9.3m)(19.6m)(34.7m)(14.2m)(23.9m)(32.7m)(5.1m)(13.2m)(32.2m)(11.6m)(21.9m)(32.1m)(8.5m)(19.2m)(32.0m)(9.7m)(19.1m)(25.5m)(15.8m)
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USDQ3, 2010

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2.1 x
Show all financial metrics

Matthews International Operating Metrics

FY, 2014FY, 2015FY, 2016Q3, 2017

Countries

25

Distribution Centers

60100100
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Matthews International Revenue Breakdown

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Matthews International revenue breakdown by business segment: 51.1% from SGK Brand Solutions, 41.2% from Memorialization and 7.7% from Industrial Technologies

Matthews International Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

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Matthews International Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Matthews International Online and Social Media Presence

Matthews International's Trends

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Matthews International Company Culture

  • Overall Culture

    C-

    63/100

  • CEO Rating

    D

    60/100

  • Compensation

    B

    75/100

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Matthews International News and Updates

May 11, 2021

Matthews International Announces Acquisition of Terrella Energy Systems, Ltd.; Continued Growth into New Energy Solutions

PITTSBURGH, May 11, 2021 (GLOBE NEWSWIRE) --  Matthews International Corporation (NASDAQ GSM: MATW) (“Matthews” or the “Company”) today announced that the Company has acquired the assets of Terrella Energy Systems, Ltd. (“Terrella”), a supplier of technology solutions to the global hydrogen fuel c…
September 14, 2020

Matthews International Corporation Announces New Director

PITTSBURGH, Sept. 14, 2020 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced the appointment of Lillian Etzkorn to the Company’s Board of Directors effective October 1, 2020. Ms. Etzkorn currently serves as Senior Vice President and Chief Financial Officer f…
January 10, 2020

Matthews International Announces First Quarter Fiscal Year 2020 Earnings Release and Conference Call

PITTSBURGH, Jan. 10, 2020 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its first quarter fiscal 2020 earnings results after the market closes on Thursday, January 30, 2020.
November 21, 2019

Matthews International Reports Results for Fourth Quarter and Fiscal Year Ended September 30, 2019

Financial Highlights:
January 10, 2019

Funeral Services Global Market 2019-2025: Service Corporation International, Matthews International, Dignity, InvoCare

Wiseguyreports.Com Publish New Market Research Report On -“Funeral Services Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2019 - 2025” Posted via Industry Today. Follow us on Twitter @IndustryToday
November 06, 2018

Funeral Services 2018 Global Market Key Players – Service Corporation International, Matthews International, Dignity, StoneMor Partners, InvoCare – Analysis and Forecast to 2025

WiseGuyRerports.com Presents “Global Funeral Services Market Size, Status and Forecast 2018-2025” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday
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Matthews International Blogs

July 08, 2021

Matthews International Announces Third Quarter Fiscal 2021 Earnings Release and Conference Call

PITTSBURGH, July 08, 2021 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its third quarter fiscal year 2021 earnings results after the market closes on Thursday, July 29, 2021. The Company will host a conference call and webcast to revie…
April 29, 2021

Matthews International Reports Results for Fiscal 2021 Second Quarter

Financial Highlights – 2nd Quarter: Record quarterly sales of $417.2 million; 11.3% increase over 2nd quarter last year Debt reduction of $42.1 million for the current quarter Net income of $5.0 million ($0.16 per share) Adjusted net income of $28.8 million ($0.89 per share) vs. $19.8 million ($0.6…
April 09, 2021

Matthews International Announces Second Quarter Fiscal 2021 Earnings Release and Conference Call

PITTSBURGH, April 09, 2021 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its second quarter fiscal year 2021 earnings results after the market closes on Thursday, April 29, 2021. The Company will host a conference call and webcast to revie…
March 25, 2021

Matthews’ Saueressig Engineering Plans S.A. North American HQ

Matthews International Corporation (NASDAQ GSM: MATW) plans to develop the North American divisional headquarters for its Saueressig Engineering business on San Antonio’s east side. Pending local incentive approvals, the planned $9M investment would initially create 50 high-wage jobs to support a ra…
January 28, 2021

Matthews International Reports Results for Fiscal 2021 First Quarter

Financial Highlights: Sales increased $21.8 million (5.9%) compared to prior year 1st quarter Operating cash flow of $35.3 million vs. $5.4 million a year ago GAAP net loss of $1.8 million; adjusted net income of $21.6 million Adjusted EBITDA of $54.8 million vs. $40.2 million a year ago Debt red…
January 08, 2021

Matthews International Announces First Quarter Fiscal 2021 Earnings Release and Conference Call

PITTSBURGH, Jan. 08, 2021 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its first quarter fiscal year 2021 earnings results after the market closes on Thursday, January 28, 2021. The Company will host a conference call and webcast to re…
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 Matthews International Frequently Asked Questions

  • When was Matthews International founded?

    Matthews International was founded in 1850.

  • Who are Matthews International key executives?

    Matthews International's key executives are Joseph C. Bartolacci, Gregory S. Babe and Davor Brkovich.

  • How many employees does Matthews International have?

    Matthews International has 11,000 employees.

  • What is Matthews International revenue?

    Latest Matthews International annual revenue is $1.5 b.

  • What is Matthews International revenue per employee?

    Latest Matthews International revenue per employee is $139.8 k.

  • Who are Matthews International competitors?

    Competitors of Matthews International include Victoriaville, Daymon Worldwide and Menasha Corporation.

  • Where is Matthews International headquarters?

    Matthews International headquarters is located at 2 N Shore Center, Pittsburgh.

  • Where are Matthews International offices?

    Matthews International has offices in Pittsburgh, Apopka and Hyde.

  • How many offices does Matthews International have?

    Matthews International has 3 offices.