Propelis Outperformance
Propelis, in which Matthews retains a 40% stake, is surpassing expectations with an EBITDA run rate significantly higher than the $100 million assumed at the time of the deal.
Warehouse Automation Sale
Matthews announced the sale of its Warehouse Automation unit for $230 million, with $223 million in cash consideration, expected to significantly reduce debt.
Positive Memorialization Segment Performance
The Memorialization segment reported higher revenues and adjusted EBITDA year-over-year, driven by the Dodge acquisition and other strategic investments.
Introduction of New Printhead Axian
Matthews launched the Axian printhead, receiving GS1 certification, making it the only jetting unit able to meet 2D code quality standards at high speeds.