Tag: Matthews International

Finance

Matthews: Memorialization sales rise, adjusted EBITDA drops for the year

Matthews International, parent company of Matthews Cremation and Aurora Casket, announced their Fiscal Year 4th Quarter and Year End 2022 results last week.  President and CEO Joseph C. Bartolacci said this in the opening statements of the report, “I am pleased with our operating results for the fourth quarter and fiscal year ended September 30, 2022. . . .  consolidated sales for the current quarter were $457.1 million, compared to $438.8 million last year. . . .This growth primarily reflected […]

Finance

Seeking Alpha author makes case for Matthews International

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 couple of items the author mentions about Matthews: Matthews International is a small-cap dividend growth stock that is easily overlooked for its small size and […]

Finance

Death Care Index falls, trails market indexes on the year

I had planned this article subject for this date simply because we have now finished the 2nd Quarter reports for all seven death care related companies that comprise the Funeral Director Daily Death Care Index (DCI). I hesitated, but then continued to move forward with this report on the public death care companies in spite of pretty negative news from the Jackson Hole economic summit which brought the markets quite a bit south on Friday. I’ve often felt that when […]

Finance

Matthews Memorialization segment reports higher sales, lower margins

Mathews International, the global provider of memorialization products, industrial technologies, and brand solutions reported their Fiscal 3rd Quarter last week.  That quarter encompasses the April thru June 2022 time period. In reporting their Memorialization segment finances we note that they may be reporting what we believe could become a common theme in death care company’s reports for the quarter — that is one of thinning margins.  You can see the quarterly financial press release here. Here’s what Matthews CEO and […]

Afternoon Edition

Matthews and the Baseball Hall of Fame

I’ve been a big baseball fan since I served as Batboy of the local town team back in the 1960’s.  I played the game (not real well), managed an adult team, and had my most memorable time coaching years of Little League. . .with the highlight being my 2011 12-year old team winning the Minnesota State Championship.  I’m also a fan. . . .leading me to bring you a little information about Matthews International and their generations-long involvement with the […]

Finance

Matthews reports Jan thru March quarter. . . Revenues up, Operating Profits down

Matthews International, an international conglomerate which serves the death care industry with memorial products, reported their January through March 2022 financial numbers last week.  Because they choose to report on a Fiscal Year that begins on October 1 each year, this report is considered their 2022 2nd Quarter Report.  You can access a copy of it here. In short, Matthews reported total revenues for 2Q 2022 of $444.9 million as compared to the same period in 2021 when they reported […]

Finance

Learning more of Matthews International

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 dry cell battery division (Saueressig) that counts Tesla as its number one customer and, according to the article, is set to grow with other electric […]

Finance

Death Care Index drops Year to Date in line with Indices

Since the first of the year there has been a lot in the news. . . . and news that is probably more consequential than other 75-day time periods over the last couple of years.  Let’s see. . . there’s been the Omicron variant, supply shortages, inflation, and the Russian invasion of the Ukraine.  On top of all of that in the United States, much of our financial picture depends on what the Federal Reserve Board will do with interest […]

Finance

Matthews 1Q 2022: Memorialization segment has higher sales, lower EBITDA

Matthews International, the parent company of Aurora Caskets and Matthews Cremation products reported their 1st Quarter 2022 financial results last week.  It should be noted that Matthews fiscal year begins in October so these results are for the October thru December 2021 period. Of interest to us at Funeral Director Daily are the results of what Matthews calls its “Memorialization” segment and in that segment the company reported 1Q 2022 sales of $210.7 million as compared to $183.2 million for […]

Finance

Matthews records record sales, casket sales drop off

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 segment of Matthews includes Matthews cremation and Aurora Casket Company as well as their cemetery memorial products division.  The segment recorded over 43% of total […]