Matthews International Corp
matw.comWhat Do They Do?
Sells memorials, caskets and cremation equipment to cemeteries, funeral homes and crematories.
10-K for FY2025, filed Nov 21, 2025The Memorialization segment manufactures and markets a full line of memorialization products used primarily in cemeteries, funeral homes…View ↗
How Do They Make Money?
Customers generally pay under normal credit terms for delivered products and services; certain construction and large projects are invoiced when contractual milestones are reached, and some memorials are paid in full in advance.
10-K for FY2025, filed Nov 21, 2025Revenue is recognized when control of a good or service promised in a contract (i.e., performance obligation) is transferred to a customer.…View ↗
Revenue recognized using the over time method accounted for approximately 14%, 18%, and 15% of revenue for the years ended September 30…View ↗
Customers of the Memorialization segment can purchase memorials and vases on a "pre-need" basis. This concept permits families to arrange…View ↗
$1.5B
-
10-K for FY2025, filed Nov 21, 2025
$1.5B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Memorialization
Sold outright
10-K for FY2025, filed Nov 21, 2025 |
54%
FY2022: 48%
|
Memorialization, FY2025
$809.5M Sources
|
Sold outright |
|
Industrial Technologies
Sold outright
10-K for FY2025, filed Nov 21, 2025 |
23%
FY2022: 19%
|
Industrial Technologies, FY2025
$342.2M Sources
|
Sold outright |
|
SGK Brand Solutions
Sold outright
10-K for FY2025, filed Nov 21, 2025 |
23%
FY2022: 33%
|
SGK Brand Solutions, FY2025
$345.9M Sources
|
Sold outright |
Who Are Their Customers?
Cemeteries, funeral homes and monument dealers buy memorial products, with dealers reselling to consumers; caskets are sold through company-owned centers and independent distributors. Industrial customers buy equipment and consumables directly or through distributors, including manufacturers, retailers, e-commerce businesses and logistics companies.
10-K for FY2025, filed Nov 21, 2025Memorial products include flush bronze and granite memorials, upright granite memorials and monuments, concrete burial vaults, cremation…View ↗
The Memorialization segment markets its casket products in the United States through a combination of Company-owned and independent casket…View ↗
In fiscal 2025, approximately 71% of the Company's sales were made from North America, 24% were made from Europe, 3% were made from Asia…View ↗
Warehouse automation systems provide the tracking and distribution of a customer's products with software for warehouse execution systems…View ↗
The principal customers for the Company's marking and fulfillment systems products are manufacturers, suppliers and distributors of durable…View ↗
Do Revenues Turn Into Profits?
No. It lost $24.5M in FY2025.
10-K for FY2025, filed Nov 21, 2025
$75.5MView ↗
10-K for FY2025, filed Nov 21, 2025
−$24.5MView ↗
10-K for FY2025, filed Nov 21, 2025
−$59.4MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q3 FY2026, filed Aug 7, 2026
−$23.7MView ↗
- ▼ Now a loss
- vs $15.4M in Q3 FY2025
10-Q for Q3 FY2026, filed Aug 7, 2026
Open tableView ↗
-
Aug 11, 2026
Michael J. Whitehead appointed CEO
He is set to succeed Joseph C. Bartolacci, who decided to retire.
Sources
8-K, filed Aug 11, 2026
As previously announced, on July 29, 2026, Joseph C. Bartolacci, the Company’s President and Chief Executive Officer, informed Matthews…View ↗
-
Aug 7, 2026
Reduced adjusted EBITDA guidance
The company lowered its fiscal 2026 outlook to $158 million to $162 million, citing energy storage delays, higher input costs and slower Propelis synergies.
Sources
8-K, filed Aug 7, 2026
“The fiscal 2026 third quarter was a challenging quarter for us across all business segments. We continue to experience delays in the…View ↗
Shrinking. Revenue fell 10% in 4 years, from $1.7B in FY2021 to $1.5B in FY2025, about 3% a year.
Brand-solutions business
Matthews contributed most of its SGK brand-solutions business to Propelis for an ownership interest; Brand Solutions now includes its cylinders business and that investment.
10-K for FY2022, filed Nov 18, 2022 10-K for FY2025, filed Nov 21, 2025Matthews, founded in 1850 and incorporated in Pennsylvania in 1902, is a global provider of memorialization products, industrial…View ↗
Matthews, founded in 1850 and incorporated in Pennsylvania in 1902, is a global provider of memorialization products, industrial…View ↗
Coating and converting lines
The latest business description adds coating and converting lines for packaging and other industries to Industrial Technologies, alongside energy storage, product identification and warehouse automation.
10-K for FY2022, filed Nov 18, 2022 10-K for FY2025, filed Nov 21, 2025The Industrial Technologies segment includes the design, manufacturing, service and distribution of high-tech custom energy storage…View ↗
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