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Matthews International ( (MATW) ) has provided an update.
Matthews International announced its fiscal 2025 first-quarter financial results on February 6, 2025, highlighting steady performances in its Memorialization and SGK Brand Solutions segments, despite challenges in its Industrial Technologies division due to Tesla litigation. The company affirmed its outlook for fiscal 2025, noting a positive arbitration ruling on its Dry Battery Electrode technology, and initiated regulatory filings to complete the SGK transaction by mid-2025. The company’s results showed a decrease in sales and net income compared to the previous year, with a focus on cost reduction and debt management initiatives.
More about Matthews International
Matthews International Corporation operates in the memorialization and branding solutions industries, providing products and services such as memorialization, brand solutions, and industrial technologies. The company is focused on cost reduction and debt management, particularly through its SGK Brand Solutions transaction.
YTD Price Performance: 9.03%
Average Trading Volume: 205,329
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $912.6M
Learn more about MATW stock on TipRanks’ Stock Analysis page.
