Matthews International

What’s fueling Matthews International’s growth

By Funeral Director Daily / July 19, 2023 /

        Most of us in the Death Care business recognize Matthews International as a trusted supplier in the monument, cemetery, cremation, and casket business.  However, this recent article from the Pittsburgh Post-Gazette gives us some insight into what has been fueling the company’s rise in stock price and potential future growth prospects.…

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Seeking Alpha author suggests that SCI is a stock you might want to hold “for a decade or two”

By Funeral Director Daily / May 15, 2023 /

    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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Matthews, Carriage Services lead Death Care Index to 1Q 2023 gain

By Funeral Director Daily / April 3, 2023 /

    It’s been an interesting first quarter if you are invested in the stock market.  We’ve seen interest rates continue to rise and we’ve seen popular opinion on what that might do to technology companies vary.  In addition, we’ve seen technology companies reduce their workforce even as some of their stock prices have increased.…

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Matthews International reports Fiscal Year Q1 . . . increases total revenue, but Memorialization sales fall

By Funeral Director Daily / February 1, 2023 /

  Public company Matthews International, with a stake in the death care business, reported their Fiscal Year 2023 First Quarter last week and in doing so reported a company-wide quarter over quarter sales revenue increase of about 2.4%.  The entire revenue increase, however, comes from their much heralded investment in the energy storage solutions business.…

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A promising future for Matthews International?

By Funeral Director Daily / January 9, 2023 /

  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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Activist investors advocate for changes at Matthews

By Funeral Director Daily / December 20, 2022 /

  The first sentence from this article in The Star says all that needs to be said about what changes an investor group at Matthews International wants to take place, “Activist investor Barington Capital Group has built a stake in Matthews International Corp and argues the company needs to refresh its board, cut costs and…

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

By Funeral Director Daily / November 29, 2022 /

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,…

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Seeking Alpha author makes case for Matthews International

By Funeral Director Daily / September 2, 2022 /

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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Death Care Index falls, trails market indexes on the year

By Funeral Director Daily / August 29, 2022 /

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…

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Matthews Memorialization segment reports higher sales, lower margins

By Funeral Director Daily / August 4, 2022 /

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…

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