Matthews International Corporation (MATW) Income Statement Analysis

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Complete financial analysis of Matthews International Corporation (MATW) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Matthews International Corporation, a leading company in the Conglomerates industry within the Industrials sector.

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Matthews International Corporation (MATW)

Industry: Conglomerates

Sector: Industrials

Website: https://www.matw.com

About Matthews International Corporation

Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: SGK Brand Solutions, Memorialization, and Industrial Technologies. The SGK Brand solutions segment provides brand management, pre-media services, printing plates and cylinders, engineered products, imaging services, digital asset management, merchandising display systems, and marketing and design services for the consumer goods and retail industries. The Memorialization segment provides bronze and granite memorials, upright granite memorials and monuments, cremation memorialization products, granite benches, flower vases, crypt plates and letters, cremation urns, niche units, cemetery features, and statues, as well as caskets, and cremation and incineration equipment for the cemetery and funeral home industries. The Industrial Technologies segment provides marking and coding equipment and consumables, industrial automation products, and order fulfillment systems for identifying, tracking, picking, and conveying consumer and industrial products for the warehousing and industrial industries. Matthews International Corporation was founded in 1850 and is based in Pittsburgh, Pennsylvania.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994
Revenue	1.80B	1.88B	1.76B	1.67B	1.50B	1.54B	1.60B	1.52B	1.48B	1.43B	1.11B	985.36M	900.32M	898.82M	821.83M	780.91M	818.62M	749.35M	715.89M	639.82M	508.80M	458.87M	428.09M	283.28M	262.36M	239.30M	211.60M	189.20M	172.00M	166.70M	158.70M
Cost of Revenue	1.27B	1.30B	1.24B	1.13B	1.00B	994.81M	1.02B	952.22M	924.01M	896.69M	714.10M	628.84M	563.75M	547.16M	498.44M	486.13M	495.66M	468.90M	443.96M	416.75M	315.05M	288.56M	267.72M	163.85M	132.27M	125.70M	110.50M	99.60M	88.00M	87.10M	82.80M
Gross Profit	529.71M	577.67M	522.28M	541.83M	497.77M	542.47M	581.35M	563.39M	556.45M	529.38M	392.50M	356.52M	336.57M	351.66M	323.39M	294.78M	322.96M	280.46M	271.93M	223.08M	193.75M	170.30M	160.36M	119.44M	130.10M	113.60M	101.10M	89.60M	84.00M	79.60M	75.90M
Gross Profit Ratio	29.50%	30.71%	29.63%	32.43%	33.22%	35.29%	36.28%	37.17%	37.59%	37.12%	35.47%	36.18%	37.38%	39.12%	39.35%	37.75%	39.45%	37.43%	37.99%	34.87%	38.08%	37.11%	37.46%	42.16%	49.59%	47.47%	47.78%	47.36%	48.84%	47.75%	47.83%
Research & Development	0.00	15.56M	15.54M	13.21M	22.29M	26.18M	24.98M	16.36M	14.79M	13.03M	7.81M	11.45M	9.27M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	346.41M	307.37M	298.32M	285.37M	274.92M	275.47M	274.48M	306.61M	296.72M	281.05M	191.70M	154.76M	139.33M	133.89M	115.59M	110.19M	190.01M	168.63M	158.05M	121.79M	95.96M	89.17M	92.18M	68.26M	70.31M	62.10M	57.10M	52.60M	49.90M	50.30M	0.00
Selling & Marketing	140.50M	140.12M	128.36M	130.20M	125.12M	133.37M	142.48M	144.17M	140.92M	143.30M	117.91M	105.96M	103.66M	99.25M	91.22M	83.58M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	488.28M	449.13M	426.68M	415.57M	400.04M	408.84M	416.95M	450.78M	437.64M	424.35M	309.61M	260.73M	242.99M	233.14M	206.81M	193.77M	190.01M	168.63M	158.05M	121.79M	95.96M	89.17M	92.18M	68.26M	70.31M	62.10M	57.10M	52.60M	49.90M	50.30M	47.70M
Other Expenses	53.75M	24.87M	57.08M	84.23M	71.51M	45.76M	1.02M	-16.32M	-23.58M	5.06M	-15.10M	-3.72M	-2.07M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	12.01M	10.60M	8.00M	6.00M	7.30M	4.90M	52.00M
Operating Expenses	613.76M	489.56M	483.76M	499.80M	471.55M	454.59M	448.52M	450.78M	437.64M	424.35M	309.61M	260.73M	242.99M	233.14M	705.25M	193.77M	190.01M	168.63M	158.05M	121.79M	95.96M	89.17M	92.18M	68.26M	82.32M	72.70M	65.10M	58.60M	57.20M	55.20M	52.00M
Cost & Expenses	1.81B	1.79B	1.72B	1.63B	1.47B	1.45B	1.47B	1.40B	1.36B	1.32B	1.02B	889.57M	806.74M	780.31M	705.25M	679.90M	685.67M	637.53M	602.01M	538.54M	411.01M	377.74M	359.90M	232.10M	214.59M	198.40M	175.60M	158.20M	145.20M	142.30M	134.80M
Interest Income	0.00	0.00	1.04M	2.65M	1.96M	1.49M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.44M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	50.53M	44.65M	27.73M	28.68M	42.14M	40.96M	37.43M	26.37M	24.34M	20.61M	12.63M	12.93M	11.48M	8.24M	7.42M	12.05M	10.41M	7.00M	7.00M	2.97M	2.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	94.77M	96.53M	104.06M	133.51M	119.06M	90.79M	76.97M	67.98M	65.48M	62.62M	42.86M	37.87M	28.82M	27.66M	27.32M	30.29M	24.94M	20.53M	21.46M	19.89M	15.63M	14.87M	13.86M	12.93M	12.01M	10.60M	8.00M	6.00M	7.30M	4.90M	4.30M
EBITDA	75.65M	195.21M	24.43M	169.71M	46.09M	174.87M	209.81M	182.58M	188.30M	169.44M	133.89M	124.26M	123.29M	143.73M	141.49M	131.21M	155.57M	132.35M	133.86M	118.31M	111.87M	96.00M	82.04M	64.11M	59.78M	51.56M	44.00M	37.00M	34.10M	29.30M	28.20M
EBITDA Ratio	4.21%	10.38%	12.77%	10.51%	9.70%	16.67%	10.26%	7.43%	8.03%	12.11%	7.49%	9.72%	10.39%	16.42%	14.94%	100.00%	19.00%	17.30%	18.70%	18.41%	21.99%	21.18%	18.82%	20.36%	22.04%	21.02%	19.80%	18.66%	15.81%	17.16%	17.71%
Operating Income	-12.32M	88.12M	120.97M	42.03M	26.22M	165.45M	132.83M	112.60M	118.82M	105.02M	82.89M	95.79M	93.58M	118.52M	116.58M	101.01M	132.95M	111.82M	113.88M	101.29M	97.79M	80.08M	68.19M	53.36M	47.78M	40.90M	36.00M	31.00M	26.80M	24.40M	23.90M
Operating Income Ratio	-0.69%	4.68%	6.86%	2.52%	1.75%	10.76%	8.29%	7.43%	8.03%	7.36%	7.49%	9.72%	10.39%	13.19%	14.19%	12.94%	16.24%	14.92%	15.91%	15.83%	19.22%	17.45%	15.93%	18.84%	18.21%	17.09%	17.01%	16.38%	15.58%	14.64%	15.06%
Total Other Income/Expenses	-57.33M	-47.21M	-60.28M	-32.80M	-42.14M	-48.39M	-40.56M	-16.32M	-23.58M	-15.37M	-15.45M	-14.44M	-10.59M	-6.50M	-6.17M	-10.02M	-8.09M	-8.11M	-5.51M	418.00K	-443.00K	-6.73M	-5.73M	-1.90M	-1.84M	377.00K	1.10M	1.30M	6.80M	700.00K	-200.00K
Income Before Tax	-69.66M	40.91M	-104.22M	9.23M	-106.34M	-38.08M	97.99M	96.29M	95.23M	89.65M	67.80M	81.44M	83.92M	112.02M	110.41M	88.54M	121.57M	103.72M	105.41M	95.93M	91.83M	73.35M	62.46M	51.46M	45.94M	41.30M	37.10M	32.30M	33.60M	25.10M	23.70M
Income Before Tax Ratio	-3.88%	2.18%	-5.91%	0.55%	-7.10%	-2.48%	6.11%	6.35%	6.43%	6.29%	6.13%	8.26%	9.32%	12.46%	13.44%	11.34%	14.85%	13.84%	14.72%	14.99%	18.05%	15.99%	14.59%	18.16%	17.51%	17.26%	17.53%	17.07%	19.53%	15.06%	14.93%
Income Tax Expense	-10.00M	1.77M	-4.39M	6.38M	-18.69M	806.00K	-9.12M	22.35M	29.07M	26.36M	23.48M	26.66M	28.72M	38.56M	41.36M	30.81M	42.09M	38.99M	38.96M	36.11M	35.64M	28.46M	24.23M	19.86M	18.02M	16.30M	14.60M	12.70M	13.30M	9.60M	9.70M
Net Income	-59.66M	39.29M	-99.83M	2.91M	-87.65M	-38.89M	107.37M	74.37M	66.75M	63.45M	43.67M	54.89M	55.84M	72.37M	69.06M	57.73M	79.48M	64.73M	66.44M	59.82M	56.20M	44.89M	35.01M	31.60M	27.92M	25.00M	22.50M	19.60M	20.30M	15.50M	14.00M
Net Income Ratio	-3.32%	2.09%	-5.66%	0.17%	-5.85%	-2.53%	6.70%	4.91%	4.51%	4.45%	3.95%	5.57%	6.20%	8.05%	8.40%	7.39%	9.71%	8.64%	9.28%	9.35%	11.04%	9.78%	8.18%	11.15%	10.64%	10.45%	10.63%	10.36%	11.80%	9.30%	8.82%
EPS	-1.93	1.29	-3.18	0.09	-2.81	-1.24	3.39	2.31	2.08	1.93	1.33	2.01	2.02	2.47	2.32	1.90	2.57	2.05	2.08	1.81	1.69	1.37	1.14	1.03	0.90	0.79	0.69	0.57	0.57	0.44	0.39
EPS Diluted	-1.93	1.26	-3.18	0.09	-2.81	-1.24	3.37	2.28	2.03	1.91	1.33	1.98	1.98	2.46	2.31	1.90	2.55	2.04	2.06	1.79	1.68	1.35	1.10	1.01	0.88	0.77	0.67	0.56	0.57	0.44	0.39
Weighted Avg Shares Out	30.91M	30.47M	31.37M	31.70M	31.19M	31.42M	31.67M	32.15M	32.14M	32.94M	32.88M	27.25M	27.62M	28.78M	29.66M	30.44M	30.93M	31.57M	31.94M	32.12M	32.22M	32.77M	30.71M	30.68M	31.03M	31.67M	32.61M	34.39M	35.56M	35.40M	35.90M
Weighted Avg Shares Out (Dil)	30.91M	31.29M	31.37M	31.99M	31.19M	31.42M	31.86M	32.62M	32.88M	33.20M	32.88M	27.72M	28.20M	28.81M	29.71M	30.50M	31.16M	31.73M	32.25M	32.38M	32.54M	33.25M	31.82M	31.29M	31.73M	32.49M	33.58M	35.32M	35.56M	35.40M	35.90M

Matthews International Corporation (MATW) CEO Joseph Bartolacci on Q2 2022 Results - Earnings Call Transcript

April 29, 2022seekingalpha.com

Matthews International Corporation (NASDAQ:MATW ) Q2 2022 Earnings Conference Call April 29, 2022 9:00 AM ET Company Participants William D. Wilson - Senior Director, Corporate Development Joseph C.

Matthews International Reports Results for Fiscal 2022 Second Quarter

April 28, 2022globenewswire.com

Financial Highlights:

Matthews International Announces Second Quarter Fiscal 2022 Earnings Release and Conference Call

April 8, 2022globenewswire.com

PITTSBURGH, April 08, 2022 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its second quarter fiscal year 2022 earnings results after the market closes on Thursday, April 28, 2022.

Matthews International's Saueressig Energy Business Announces the Expected July 2022 Opening of State-of-the-Art Facility for the Refurbishment of Calender Rolls for Battery Production

April 5, 2022globenewswire.com

PITTSBURGH, April 05, 2022 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) announced today the expected July 2022 opening of its state-of-the-art service facility in San Antonio, Texas, for the refurbishment of calender rolls for lithium-ion battery electrode production....

Matthews International (MATW) Upgraded to Strong Buy: Here's What You Should Know

March 31, 2022zacks.com

Matthews International (MATW) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Funeral Services Industry Prospects Look Solid: 4 Stocks to Buy

March 3, 2022zacks.com

The Zacks Funeral Services industry players have been witnessing high revenues due to pandemic-led deaths. Service Corporation (SCI), Hillenbrand (HI), Matthews International (MATW) and Carriage Services (CSV) look well-placed on their robust growth efforts.

Matthews Elects Alvaro Garcia-Tunon New Chairman of the Board

February 24, 2022globenewswire.com

PITTSBURGH, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced that, following the Company's Annual Shareholders Meeting last week, its Board of Directors elected Alvaro Garcia-Tunon as the Company's Chairman of the Board. Mr. Garcia-Tunon...

Matthews International Enters Into Joint Development Agreement With Illuming Power to Advance Bi-Polar Plate Production Technology

February 22, 2022globenewswire.com

PITTSBURGH, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) announced today a Joint Development Agreement (JDA) with Illuming Power Inc., a Vancouver BC engineering firm specializing in the design, prototype, manufacture and sale of hydrogen fuel...