cremation equipment

Learning more of Matthews International

By Funeral Director Daily / April 28, 2022 /

Over last weekend while doing some research I stumbled across this article on Matthews International.  As you may know Matthews is the parent company of Aurora Caskets and Matthews Cremation.  What you maybe don’t know is that they are a world-wide conglomerate who is making a big bet on the electric car market with a…

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Matthews records record sales, casket sales drop off

By Funeral Director Daily / August 9, 2021 /

Matthews International reported their 3rd Quarter 2021 sales recently and in doing so reported a record revenue for their 3rd Quarter (April-June) of $428.4 million, which is a 19.2% increase over the same period of 2020.  As you may know, Matthews International has three business segments, one of which is their Memorialization segment. The Memorialization…

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Matthews reports 4Q and Year End 2020: Memorialization segment is high point

By Funeral Director Daily / November 27, 2020 /

Our reports for the period of July thru September 2020 come to an end with today’s report on Matthews International.  Funeral Director Daily files reports every quarter on the eight public companies that make up our financial Death Care Index (DCI). Today’s report on Matthew’s International, which you can access here, encompasses the mentioned time…

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Matthews Memorialization segment shows revenue gains in 3Q 2020

By Funeral Director Daily / August 4, 2020 /

Matthews 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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Matthews announces investment sale

By Funeral Director Daily / July 2, 2020 /

On Tuesday global death care company Matthews International announced a sale, that was effective on June 26, of a non-controlling ownership interest in a pet cremation services business.  According to this release from Matthews, the company sold its interest for a total of $57.2 million. That $57.2 million was to be paid to Matthews International…

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Mathews 2Q 2020: Improved pricing for caskets and memorial products. . . but, lower unit sales

By Funeral Director Daily / May 11, 2020 /

Last week Matthews International, a publicly traded company with a segment of its business in the death care realm reported 2nd Quarter 2020 results.  According to a press release you can read here, due to their international operations, the company believes their business units began experiencing the impacts of COVID-19 earlier in the quarter, initially…

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Matthews International Posts Solid 2Q Earnings

By Funeral Director Daily / May 4, 2018 /

Death care conglomerate Matthews International, based in Pittsburgh, Pennsylvania, posted their 2nd quarter earnings report of Fiscal Year 2018 last week.  Here’s what President and CEO Joseph C. Bartolacci said of the report, “The company’s results for the fiscal 2018 second quarter were in line with our internal expectation and we are on track to…

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