Overview
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- TickerMATW on Nasdaq1
- IndustryNonferrous Foundries (Castings)1
- HeadquartersPittsburgh1
- Websitewww.matw.com
- Incorporated inPA5
- Business addressTwo Northshore Center, Pittsburgh, Pa 15212-58515
- Filer categoryLarge accelerated filer5
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
33.9%Gross margin4
5.0%Operating margin4
-1.6%Net margin4
-16.6%Revenue growth, 20254
-5.1%Return on equity4
1.46×Debt to equity4
-$59.4MFree cash flow4
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Memorialization brought in 44% of the revenue Matthews International broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Memorialization | $843.0M | $829.7M | $809.5M |
| Brand Solutions | $532.1M | $532.9M | $345.9M |
| SGK Brand Solutions | $532.1M | $532.9M | $345.9M |
| Industrial Technologies | $505.8M | $433.2M | $342.2M |
Regions
North America brought in 71% of the revenue Matthews International broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| North America | $1.2B | $1.2B | $1.1B |
| Europe | $572.7M | $522.2M | $357.1M |
| Asia | $63.7M | $66.0M | $50.0M |
| AUMember | $19.9M | $19.5M | $17.5M |
| Central and South America | $5.3M | $5.5M | $3.1M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue66¢$990.1M
- Research and development1¢$16.7M
- Other costs30¢$450.2M
- Income tax3¢$40.7M
Out of $1.5B in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement in the latest annual report, as filed.4
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Sales | $1.5B | $1.8B | $1.9B |
| Cost of sales | -$990.1M | -$1.3B | -$1.3B |
| Gross profit | $507.6M | $529.7M | $577.7M |
| Selling expense | -$117.9M | -$141.9M | -$140.1M |
| Administrative expense | -$349.3M | -$346.4M | -$307.4M |
| Intangible amortization | -$20.1M | -$37.0M | -$42.1M |
| Goodwill write-downs | $0 | -$16.7M | $0 |
| Operating profit (loss) | $75.5M | -$12.3M | $88.1M |
| Interest expense | -$62.9M | -$50.5M | -$44.6M |
| Other income (deductions), net | $3.7M | -$6.8M | -$2.6M |
| Income (loss) before income taxes | $16.2M | -$69.7M | $40.9M |
| Income tax (provision) benefit | -$40.7M | $10.0M | -$1.8M |
| Net (loss) income | -$24.5M | -$59.7M | $39.1M |
| Net loss attributable to noncontrolling interests | $0 | $0 | $155.0K |
| Net (loss) income attributable to Matthews shareholders | -$24.5M | -$59.7M | $39.3M |
| Basic (in dollars per share) | -$0.79 | -$1.93 | $1.28 |
| Diluted (in dollars per share) | -$0.79 | -$1.93 | $1.26 |
Every line of the balance sheet in the latest annual report, as filed.4
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Cash and cash equivalents | $32.4M | $40.8M | |
| Accounts receivable, net of allowance for credit losses of $13,481 and $12,055, respectively | $132.9M | $206.0M | |
| Inventories | $202.8M | $237.9M | |
| Contract assets | $107.1M | $93.0M | |
| Other current assets | $44.8M | $54.9M | |
| Total current assets | $520.2M | $632.5M | |
| Investments | $288.6M | $23.1M | |
| Property, plant and equipment, net | $224.6M | $279.5M | |
| Operating lease right-of-use-assets | $51.6M | $60.5M | |
| Deferred income taxes | $6.4M | $6.5M | |
| Goodwill | $487.6M | $697.1M | $698.1M |
| Other intangible assets, net | $106.0M | $126.0M | |
| Other non-current assets | $9.5M | $9.6M | |
| Total assets | $1.7B | $1.8B | |
| Long-term debt, current maturities | $7.2M | $6.9M | |
| Current portion of operating lease liabilities | $17.2M | $22.6M | |
| Trade accounts payable | $98.5M | $108.4M | |
| Accrued rebates | $18.2M | $23.8M | |
| Accrued compensation | $36.4M | $88.8M | |
| Accrued income taxes | $9.3M | $7.5M | |
| Contract liabilities | $7.4M | $28.7M | |
| Other current liabilities | $156.3M | $148.2M | |
| Total current liabilities | $350.5M | $434.8M | |
| Long-term debt | $703.6M | $769.6M | |
| Operating lease liabilities | $36.1M | $40.1M | |
| Deferred income taxes | $56.0M | $45.7M | |
| Other non-current liabilities | $67.4M | $107.5M | |
| Total liabilities | $1.2B | $1.4B | |
| Class A common stock, $1.00 par value; authorized 70,000,000 shares; 36,333,992 shares issued | $36.3M | $36.3M | |
| Preferred stock, $100 par value, authorized 10,000 shares, none issued | $0 | $0 | |
| Additional paid-in capital | $154.6M | $159.5M | |
| Retained earnings | $565.3M | $623.1M | |
| Accumulated other comprehensive loss | -$78.0M | -$168.7M | |
| Treasury stock, 5,538,147 and 5,731,499 shares, respectively, at cost | -$197.3M | -$213.0M | |
| Total shareholders' equity-Matthews | $480.9M | $437.2M | |
| Noncontrolling interests | $0 | $48.0K | |
| Total shareholders' equity | $480.9M | $437.2M | $525.3M |
| Total liabilities and shareholders' equity | $1.7B | $1.8B | |
| Allowance for credit losses | $13.5M | $12.1M | |
| Preferred stock, par value (in dollars per share) | $100.00 | $100.00 | |
| Preferred stock, authorized (in shares) | 10.0K shares | 10.0K shares | |
| Preferred stock, issued (in shares) | 0 shares | 0 shares | |
| Treasury stock (in shares) | 5.5M shares | 5.7M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.4
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Net income (loss) | -$24.5M | -$59.7M | $39.1M |
| Depreciation and amortization | $71.7M | $94.8M | $96.5M |
| Stock-based compensation expense | $23.1M | $18.5M | $17.3M |
| Deferred tax expense (benefit) | $23.1M | -$25.2M | -$21.6M |
| Equity and other investment (income) losses | -$2.9M | $148.0K | $0 |
| Asset write-downs | $7.9M | $16.8M | $0 |
| Goodwill write-downs | $0 | $16.7M | $0 |
| Defined benefit plan settlement losses | $0 | $0 | $1.3M |
| Defined benefit plan settlement payments | $0 | $0 | $24.2M |
| Proceeds from the settlement of cash flow hedges | $0 | $0 | $10.5M |
| Payments of divestiture transaction costs | -$8.9M | $0 | $0 |
| Changes in working capital items | -$45.4M | $14.7M | -$35.5M |
| Decrease in other non-current assets | $11.3M | $20.6M | $9.3M |
| Decrease in other non-current liabilities | -$10.9M | -$17.2M | -$8.9M |
| Other operating activities, net | -$9.8M | $510.0K | -$1.3M |
| Net cash (used in) provided by operating activities | -$23.6M | $79.3M | $79.5M |
| Capital expenditures | -$35.8M | -$45.2M | -$50.6M |
| Acquisitions, net of cash acquired | -$55.8M | -$5.8M | -$15.3M |
| Purchases of investments | -$63.0K | -$825.0K | -$1.6M |
| Proceeds from sale of assets | $21.2M | $4.2M | $2.1M |
| Proceeds from sale of investments | $0 | $200.0K | $0 |
| Net cash provided by (used in) investing activities | $159.6M | -$47.0M | -$58.7M |
| Proceeds from long-term debt | $1.4B | $1.2B | $865.7M |
| Payments on long-term debt | -$1.4B | -$1.3B | -$884.0M |
| Purchases of treasury stock | -$12.2M | -$20.6M | -$2.9M |
| Dividends | -$32.8M | -$31.4M | -$28.2M |
| Acquisition holdback and contingent consideration payments | -$10.2M | $0 | $0 |
| Payments of debt issuance costs | $0 | -$10.2M | $0 |
| Proceeds from net investment hedges | $15.0M | $58.4M | $0 |
| Payments on net investment hedges | -$37.1M | $0 | $0 |
| Other financing activities | $0 | $0 | -$912.0K |
| Net cash used in financing activities | -$144.3M | -$35.0M | -$50.2M |
| Effect of exchange rate changes on cash | -$152.0K | $1.4M | $83.0K |
| Net change in cash and cash equivalents | -$8.4M | -$1.3M | -$29.3M |
| Interest | $51.1M | $50.3M | $43.5M |
| Income taxes | $16.8M | $19.2M | $18.0M |
Leadership
Who has led Matthews International, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
- David M. Kelly2003–2005
- David J. Decarlo2003–2004
- Jonathan H. Maurer2003
- Joseph C. Bartolacci2003
- Brian J. Dunn2003–2015
- Lawrence W. Keeley2003–2006
- Paul F. Rahill2003–2018
- Martin J. Beck2004–2006
- David H. Hewitt2005–2006
- Harry Pontone2005
- James P. Doyle2006–2011
- Franz Schwarz2007–2009
- Steven D. Gackenbach2011–2024
- Charles Michael Dempe2011–2014
- Paul C. Jensen2011–2019
- David A. Schawk2014–2018
- Gary Raymond Kohl2018–2024
- G. Brandon Babe2026
- Michael J. Whitehead2026–now
Chief financial officer
Chief operating officer
20052010201520202025
- Chief executive officerMichael J. Whitehead Aug 31, 2026 to now15
- Chief executive officerJoseph C. Bartolacci Nov 17, 2006 to Aug 31, 202616
- Chief executive officerMartin J. Beck Aug 20, 2004 to Aug 20, 200417
- Chief executive officerDavid M. Kelly Jun 30, 2003 to Nov 27, 200618
- ChairDavid M. Kelly Dec 27, 2006 to Dec 27, 200619
- ChairRalph W. Murray Aug 20, 2004 to Nov 24, 200420
- PresidentG. Brandon Babe May 4, 2026 to Aug 31, 202621
- PresidentMichael J. Whitehead Aug 31, 2026 to now15
- PresidentGary Raymond Kohl Apr 25, 2018 to Nov 25, 202422
- PresidentDavid A. Schawk Jul 30, 2014 to Nov 21, 201823
- PresidentSteven D. Gackenbach Nov 7, 2011 to Nov 25, 202424
- PresidentCharles Michael Dempe Nov 9, 2011 to Nov 12, 201425
- PresidentPaul C. Jensen Nov 14, 2011 to Nov 25, 201926
- PresidentFranz Schwarz Jan 5, 2007 to Nov 13, 200927
- PresidentJames P. Doyle Dec 12, 2006 to Nov 15, 201128
- PresidentDavid H. Hewitt Feb 17, 2005 to Dec 21, 200629
- PresidentHarry Pontone Jul 14, 2005 to Jul 14, 200530
- PresidentMartin J. Beck Aug 20, 2004 to Nov 17, 200617
- PresidentDavid M. Kelly Jun 30, 2003 to Jun 2, 200518
- PresidentDavid J. Decarlo Jul 30, 2003 to Dec 9, 200431
- PresidentJonathan H. Maurer Oct 14, 2003 to Dec 17, 200332
- PresidentJoseph C. Bartolacci Dec 4, 2003 to Dec 17, 200333
- PresidentBrian J. Dunn Dec 17, 2003 to Apr 1, 201534
- PresidentLawrence W. Keeley Dec 17, 2003 to Nov 17, 200635
- PresidentPaul F. Rahill Dec 17, 2003 to Nov 16, 201836
- Chief financial officerDaniel E. Stopar Dec 5, 2025 to now37
- Chief financial officerSteven F. Nicola Dec 17, 2003 to Dec 5, 202538
- Chief operating officerCharles Michael Dempe Dec 4, 2007 to Nov 14, 200839
- Chief operating officerJoseph C. Bartolacci Nov 17, 2005 to Nov 17, 200540
Board members and other officers (42)
- SVP Matthews Automation SolutiLee Lane Jul 27, 2022 to now41
- SVP, Global Talent & HRReena Gurtner Jul 12, 2021 to Nov 25, 202442
- SVP, Global Compliance & HRRonald C. Awenowicz Jul 12, 2021 to now43
- Chief Information OfficerDavor Brkovich Jan 14, 2020 to now44
- Chief Information OfficerEdward M. Brady Jr. Apr 25, 2018 to Nov 20, 202045
- Chief Technology OfficerGregory S. Babe Jan 25, 2016 to Nov 20, 202446
- Vice Presidend and Genreal CouBrian D. Walters Jan 6, 2014 to now47
- Group Pres., MemorializationSteven D. Gackenbach Nov 14, 2014 to now48
- Pres. Mktg. & Fulfmt. Sys Div.Paul C. Jensen Nov 17, 2014 to Dec 1, 201449
- Vice President, Human ResourceMarcy L. Campbell Nov 25, 2014 to Nov 20, 202050
- Pres., Cremation DivisionPaul F. Rahill Dec 1, 2014 to Dec 29, 201451
- V.P., Human ResourcesJennifer Ann Ciccone Feb 27, 2009 to Sep 17, 201452
- CCO, Cloverleaf Group, Inc.Charles Michael Dempe Nov 13, 2009 to Nov 12, 201053
- Group Pres, Graphics & MarkingBrian J. Dunn Nov 14, 2007 to Nov 21, 202254
- Group Pres. MemorializationJames P. Doyle Nov 14, 2007 to Nov 14, 200755
- Managing Director-PG GrB & USBrian E. Tottman Jul 6, 2006 to Nov 17, 200656
- Vice chairDavid J. Decarlo Nov 17, 2005 to Nov 29, 200757
- Gen Mgr,Matthews Int'l GmbHFranz Schwarz Oct 7, 2004 to Nov 17, 200658
- Board memberMichael J. Whitehead Aug 31, 2026 to now15
- Board memberJ. Michael Nauman Feb 26, 2025 to now59
- Board memberThomas Gebhardt Mar 4, 2025 to now60
- Board memberFrancis Wlodarczyk May 1, 2024 to now61
- Board memberAleta W. Richards Feb 28, 2023 to now62
- Board memberLillian Etzkorn Oct 2, 2020 to now63
- Board memberTerry L. Dunlap Feb 24, 2015 to now64
- Board memberDon W. Quigley Jr. Oct 7, 2015 to Mar 14, 202265
- Board memberDavid A. Schawk Jul 30, 2014 to now23
- Board memberJerry R. Whitaker Jul 27, 2011 to Dec 17, 202466
- Board memberMorgan K. Obrien Jul 27, 2011 to now67
- Board memberGregory S. Babe Nov 30, 2010 to Nov 20, 202468
- Board memberTunon Alvaro Garcia Oct 29, 2009 to now69
- Board memberKatherine Elizabeth Dietze Jul 29, 2008 to now70
- Board memberMartin Schlatter Nov 16, 2007 to Mar 15, 201071
- Board memberRobert G. Neubert May 10, 2006 to Mar 11, 201172
- Board memberJoseph C. Bartolacci Nov 17, 2005 to now40
- Board memberGlenn R. Mahone Mar 12, 2004 to Mar 15, 201073
- Board memberRobert J. Kavanaugh Mar 12, 2004 to May 15, 200674
- Board memberDavid M. Kelly Jun 30, 2003 to Feb 19, 200818
- Board memberDavid J. Decarlo Jul 30, 2003 to Sep 4, 200831
- Board memberWilliam J. Stallkamp Sep 5, 2003 to Dec 22, 200975
- Board memberJohn P. Oleary Jr. Dec 29, 2003 to Sep 9, 201576
- General counselBrian D. Walters Feb 27, 2009 to Nov 25, 202477
Subsidiaries and ownership
Subsidiaries
- Matthews Aurora Funeral Solutions since Jun 9, 2015
From Wikidata.1
Acquisitions
- Jun 9, 2015Matthews Aurora Funeral Solutions became a subsidiary1
Former names
- MATTHEWS INTERNATIONAL CORPJul 26, 1995 to Oct 5, 20265
Timeline
- Aug 31, 2026New chief executive Michael J. Whitehead becomes CEO15
- Nov 17, 2006New chief executive Joseph C. Bartolacci becomes CEO16
- Aug 20, 2004New chief executive Martin J. Beck becomes CEO17
- Jun 30, 2003New chief executive David M. Kelly becomes CEO18
- Apr 7, 1902Founded Matthews International is founded78
Recent filings
- Oct 2, 2026SCHEDULE 13G
- Oct 1, 20268-K 8-K PRESS RELEASE
- Sep 15, 20264
- Sep 4, 20268-K
- Sep 1, 20264
- Aug 31, 20263
- Aug 25, 20264
- Aug 24, 20264
- Aug 20, 20264
- Aug 17, 20264
- Aug 12, 20264
- Aug 11, 20268-K 8-K PRESS RELEASE
- Aug 10, 20264
- Aug 10, 2026SCHEDULE 13G
- Aug 7, 20268-K 8-K - 3RD QUARTER FISCAL 2026 EARNINGS PRESS RELEASE
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
Links
- Websitewww.matw.com1
- WikidataQ110220617
- SEC EDGARCIK 63296
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 3Company websiteMatthews International logo
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- 19SEC EDGARDavid M. Kelly, Chair
- 20SEC EDGARRalph W. Murray, Chair
- 21SEC EDGARG. Brandon Babe, President
- 22SEC EDGARGary Raymond Kohl, President
- 23SEC EDGARDavid A. Schawk, President
- 24SEC EDGARSteven D. Gackenbach, President
- 25SEC EDGARCharles Michael Dempe, President
- 26SEC EDGARPaul C. Jensen, President
- 27SEC EDGARFranz Schwarz, President
- 28SEC EDGARJames P. Doyle, President
- 29SEC EDGARDavid H. Hewitt, President
- 30SEC EDGARHarry Pontone, President
- 31SEC EDGARDavid J. Decarlo, President
- 32SEC EDGARJonathan H. Maurer, President
- 33SEC EDGARJoseph C. Bartolacci, President
- 34SEC EDGARBrian J. Dunn, President
- 35SEC EDGARLawrence W. Keeley, President
- 36SEC EDGARPaul F. Rahill, President
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- 57SEC EDGARDavid J. Decarlo, Vice chair
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- 59SEC EDGARJ. Michael Nauman, Board member
- 60SEC EDGARThomas Gebhardt, Board member
- 61SEC EDGARFrancis Wlodarczyk, Board member
- 62SEC EDGARAleta W. Richards, Board member
- 63SEC EDGARLillian Etzkorn, Board member
- 64SEC EDGARTerry L. Dunlap, Board member
- 65SEC EDGARDon W. Quigley Jr., Board member
- 66SEC EDGARJerry R. Whitaker, Board member
- 67SEC EDGARMorgan K. Obrien, Board member
- 68SEC EDGARGregory S. Babe, Board member
- 69SEC EDGARTunon Alvaro Garcia, Board member
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- 71SEC EDGARMartin Schlatter, Board member
- 72SEC EDGARRobert G. Neubert, Board member
- 73SEC EDGARGlenn R. Mahone, Board member
- 74SEC EDGARRobert J. Kavanaugh, Board member
- 75SEC EDGARWilliam J. Stallkamp, Board member
- 76SEC EDGARJohn P. Oleary Jr., Board member
- 77SEC EDGARBrian D. Walters, General counsel
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