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.
| Type | Public | |
| Founded | 1850 | |
| HQ | Pittsburgh, PA, US | Map |
| Website | matw.com | |
| Employee Ratings | More | |
| Overall Culture | D | More |
Recent NewsAll News
- Matthews International Corporation Announces New Director
- Matthews International Announces First Quarter Fiscal Year 2020 Earnings Release and Conference Call
- Matthews International Reports Results for Fourth Quarter and Fiscal Year Ended September 30, 2019
- Funeral Services Global Market 2019-2025: Service Corporation International, Matthews International, Dignity, InvoCare
Key People/Management at Matthews International
Joseph C. Bartolacci
President & Chief Executive Officer
Gregory S. Babe
Chief Technology Officer
Davor Brkovich
Chief Information Officer
Steven F. Nicola
Chief Financial Officer & Secretary
Brian J. Dunn
Executive Vice President, Strategy & Corporate Development
Marcy L. Campbell
Senior Vice President, Human Resources
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
Matthews International Financials and Metrics
Matthews International Revenue
Matthews International's revenue was reported to be $1.54 b in FY, 2019
| USD | |
|---|---|
Revenue (Q3, 2020) | 359.4m |
Gross profit (Q3, 2020) | 121.0m |
Gross profit margin (Q3, 2020), % | 33.7% |
Net income (Q3, 2020) | 1.8m |
EBIT (Q3, 2020) | 5.2m |
Market capitalization (26-Feb-2021) | 1.1b |
Closing stock price (26-Feb-2021) | 35.7 |
Cash (30-Jun-2020) | 42.9m |
EV | 1.9b |
Matthews International's current market capitalization is $1.1 b.
- Source: SEC Filings
Annual
Quarterly
| USD | Q3, 2010 | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 213.3m | 220.2m | 231.5m | 217.2m | 225.5m | 227.5m | 225.6m | 256.4m | 250.7m | 229.9m | 246.8m | 280.0m | 343.6m | 349.4m | 364.8m | 354.2m | 367.2m | 382.1m | 349.0m | 380.9m | 389.6m | 369.5m | 414.1m | 411.6m | 374.2m | 391.4m | 379.3m | 364.9m | 374.8m | 359.4m |
Cost of goods sold | 128.4m | 132.0m | 139.6m | 139.2m | 140.8m | 139.8m | 145.6m | 161.5m | 159.3m | 148.6m | 156.7m | 175.8m | 218.9m | 221.7m | 229.3m | 227.7m | 229.4m | 236.8m | 221.7m | 242.5m | 245.5m | 238.8m | 264.1m | 259.7m | 247.8m | 255.1m | 242.1m | 249.2m | 250.0m | 238.5m |
Gross profit | 85.0m | 88.1m | 91.9m | 78.0m | 84.7m | 87.7m | 80.0m | 94.9m | 91.4m | 81.4m | 90.2m | 104.2m | 124.7m | 127.7m | 135.4m | 126.6m | 137.8m | 145.3m | 127.3m | 138.4m | 144.1m | 130.7m | 150.0m | 151.9m | 126.4m | 136.3m | 137.2m | 115.7m | 124.8m | 121.0m |
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% |
- Source: SEC Filings
Annual
| USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 60.3m | 58.3m | 58.0m | 63.0m | 72.2m | 55.7m | 57.5m | 41.6m | 35.3m |
Accounts Receivable | 164.7m | 174.6m | 188.4m | 282.7m | 284.0m | 8.0m | 319.6m | 331.5m | 318.8m |
Prepaid Expenses | 16.2m | 20.0m | 19.0m | 49.5m | 77.3m | 46.5m | 62.9m | 49.4m | |
Inventories | 125.6m | 130.7m | 130.8m | 152.8m | 171.4m | 162.5m | 171.4m | 180.5m | 180.3m |
Quarterly
| USD | Q3, 2010 | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 56.0m | 60.3m | 54.7m | 54.5m | 54.7m | 54.7m | 53.6m | 51.5m | 54.9m | 62.9m | 61.6m | 80.6m | 69.5m | 63.1m | 69.8m | 65.1m | 59.3m | 74.5m | 106.4m | 43.6m | 56.8m | 60.1m | 64.8m | 53.7m | 39.8m | 37.7m | 33.6m | 39.4m | 72.3m | 42.9m |
Accounts Receivable | 142.6m | 150.2m | 161.0m | 163.3m | 166.6m | 172.2m | 183.8m | 185.2m | 183.4m | 172.2m | 185.3m | 199.5m | 267.6m | 261.9m | 268.3m | 268.1m | 273.8m | 285.2m | 286.3m | 302.6m | 307.2m | 320.1m | 342.3m | 327.7m | 313.2m | 318.1m | 318.7m | 312.9m | 294.6m | 271.2m |
Prepaid Expenses | 14.1m | 15.3m | 17.4m | 17.9m | 19.2m | 22.3m | 22.2m | 21.9m | 20.4m | 23.0m | 21.8m | 23.0m | 41.0m | 55.6m | 54.3m | 66.8m | 76.2m | 73.3m | 54.1m | 63.1m | 70.7m | 53.8m | 58.2m | 63.7m | 73.1m | 74.3m | 73.5m | 56.5m | ||
Inventories | 99.5m | 122.5m | 132.0m | 130.3m | 128.2m | 133.2m | 138.2m | 137.4m | 131.8m | 140.1m | 143.0m | 141.9m | 154.5m | 146.6m | 142.9m | 171.6m | 169.3m | 166.7m | 165.6m | 174.8m | 179.9m | 179.3m | 182.1m | 184.8m | 188.3m | 187.7m | 188.7m | 185.6m | 186.9m | 182.4m |
- Source: SEC Filings
Annual
Quarterly
| USD | Q3, 2010 | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 49.3m | 29.8m | 51.7m | 11.3m | 26.5m | 42.9m | 8.3m | 22.4m | 40.4m | 7.9m | 19.2m | 38.8m | 14.8m | 24.3m | 46.3m | 4.5m | 18.8m | 42.6m | 9.0m | 23.8m | 53.2m | 35.2m | 53.2m | 77.6m | 3.0m | 18.2m | 32.6m | (10.3m) | (96.9m) | (95.1m) |
Depreciation and Amortization | 20.0m | 13.6m | 20.4m | 7.1m | 14.5m | 21.9m | 8.2m | 17.3m | 26.5m | 9.3m | 18.9m | 28.0m | 15.4m | 31.9m | 47.1m | 15.7m | 32.2m | 49.3m | 15.2m | 32.3m | 50.8m | 17.2m | 37.0m | 57.1m | 19.2m | 40.3m | 60.8m | 28.9m | 58.3m | 88.4m |
Cash From Operating Activities | 83.5m | 33.8m | 62.0m | 7.1m | 26.2m | 56.3m | 7.2m | 33.4m | 72.9m | 12.3m | 23.6m | 63.5m | 9.3m | 54.1m | 102.3m | 10.0m | 51.9m | 98.4m | 16.0m | 44.3m | 95.8m | 7.6m | 56.3m | 82.8m | 8.4m | 45.3m | 89.4m | 5.4m | 66.0m | 123.6m |
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) |
- Source: SEC Filings
| USD | Q3, 2010 |
|---|---|
Debt/Equity | 0.5 x |
Debt/Assets | 0.2 x |
Financial Leverage | 2.1 x |
Matthews International Operating Metrics
Show all operating metricsMatthews International Revenue Breakdown
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
Matthews International Environment, Social & Governance (ESG) Ratings
Matthews International Online and Social Media Presence
Matthews International's Trends
Matthews International Company Culture
Overall Culture
D
58/100
CEO Rating
F
45/100
Compensation
C+
67/100
Matthews International News and Updates
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
Matthews International Blogs
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…
November 19, 2020
Matthews International Reports Results for Fourth Quarter and Fiscal Year Ended September 30, 2020
Financial Highlights – Fiscal 2020:
Operating cash flow of $180.4 million, representing new annual Company record
Debt reduction of $106.2 million for fiscal 2020; net debt reduction of $112.2 million
Financial Highlights – 4th Quarter:
Sales increased to $399.1 million vs. $392.4 million a year …
October 28, 2020
SGK Rebrands As Global Packaging And Brand Experience Provider
Anthem, Brandimage, IDL, Marque and Schawk Become SGK
NEW YORK, Oct. 28, 2020 /PRNewswire/ -- SGK, a division of Matthews International Corporation, unveiled an updated brand identity today to reflect its repositioning as a global packaging and brand experience provider that simplifies marketing,…
July 30, 2020
Matthews International Reports Results for Fiscal 2020 Third Quarter
Financial Highlights:
Significant third quarter reduction in debt of $104.9 million
Strong third quarter operating cash flow exceeded $57.0 million; YTD exceeded prior year by $34.2 million
Memorialization segment reports higher sales for third fiscal quarter and YTD
Third quarter GAAP EPS of $0.07…
June 29, 2020
Matthews International Announces Sale of Investment
PITTSBURGH, Pa., June 29, 2020 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced the sale, on June 26, 2020, of its noncontrolling ownership interest in a pet cremation services business. The Company sold its ownership interest for a sales price of $57.2 mill…
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.
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