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Here’s what Matthews International CEO Joseph C . Bartolacci had to say in this prepared press release about the company’s 4th Quarter (reflecting an October 1 Fiscal Year beginning) operations of their Memorial segment, “The Memorialization segment also performed well again in the fiscal 2023 fourth quarter, completing a very good year. Despite the continued…
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All three major indexes of the U.S. stock market, the Nasdaq Composite, the S&P 500, and the Dow Jones Industrials grew by 1% or more on Friday. That convinced me that, over the long weekend I should take a look at how the public companies that deal with Death Care have fared for…
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Earlier in May the largest public funeral home and cemetery operator in North America, Service Corporation International (SCI), reported on their 1st Quarter of 2023 operations. Shortly after that, on May 8, an author from Seeking Alpha wrote an article on his opinion of SCI. The title of that article will give you…
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I often tell people in funeral service that with Funeral Director Daily “I don’t break the news, I just tell those in the profession what I’ve heard, what I’m seeing, and what my opinion on the subject is.” I’ve secured a pretty good following by doing that and giving busy death care professionals…
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Last week a press release came out of Matthews International that seemed to show them on their way to executing their plans in the energy storage solutions business. CEO Joseph Bartolacci commented in the release as such, “We are very pleased to see continued strength in orders for our energy storage solutions. This order…
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Seeking Alpha author Austin Rogers makes a case for the upside future of conglomerate Matthews International. . .a company which receives about 46% of its revenue from the death care space. The article is really detailed about a little history of Matthews and where the company seems to be going in the future. Here’s a…
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On Friday the Dow Jones Industrial Average (DJIA) set a new record high by closing at 35,677. On January 1, 2021, the DJIA stood at 30,606 so that high on Friday indicates a 16.6% increase year to date for 2021. That’s pretty impressive. . . . and the NASDAQ closed Friday up 19.1% year to…
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I had contact with an industry friend who had just returned from the Cremation Association of North America (CANA) convention last week. She indicated to me that it was good to get back to an in-person gathering and see old friends. One of the other things she indicated is that, in her opinion, how the…
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The Pittsburgh Post-Gazette recently published this article on Matthews International entitled “From tombstones to fuel cells, Matthews International wants to leave its mark on clean mobility“. The article is a great read on Matthews and reminded me that this “quiet company” of funeral service continues to make a difference every day, not only in the…
Read MoreMatthews International, which operates on a fiscal year that begins on October 1 each year, released earnings reports last week. The company has three operating segments and the one that is of interest to those of us in the death care profession is what Matthews refers to as its “Memorialization Segment”. Matthews Memorialization Segment consists…
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