On July 28 2023, MATTHEWS INTERNATIONAL ($NASDAQ:MATW) reported their financial results for the third quarter of FY2023, covering the period ending June 30 2023. The company saw an 11.9% year-over-year increase in total revenue to USD 471.9 million, and a substantial rise in net income from 2.9 million to 8.7 million.
The company’s stock opened at $47.5 and closed at $46.2, representing a decrease of 3.3% from the previous closing price of 47.8. This was attributed to strong cost-cutting measures and a focus on efficiency. Overall, MATTHEWS INTERNATIONAL reported a lower-than-expected performance for the third quarter of FY2023, with revenue and operating profit both declining year-over-year.
The company’s strong cash flow was a bright spot in the otherwise disappointing report. Investors will be watching closely to see how MATTHEWS INTERNATIONAL responds to the challenge posed by these results. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Matthews International. More…
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Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Matthews International. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Matthews International. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Matthews International are shown below. More…
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At GoodWhale, we’ve conducted an analysis of MATTHEWS INTERNATIONAL’s wellbeing. Our Risk Rating shows that MATTHEWS INTERNATIONAL is a medium risk investment in terms of financial and business aspects. We’ve detected two risk warnings in MATTHEWS INTERNATIONAL’s income sheet and balance sheet. To access the full details of these warnings, you’ll need to become a registered user. We offer detailed insights into investments, so that you can make informed decisions. More…
Risk Rating Analysis
Star Chart Analysis
Matthews International Corporation, together with its subsidiaries, is engaged in the manufacture of brand identity and decorative products. It operates in three segments: Branding Solutions, Memorialization, and Industrial Technologies. The Branding Solutions segment provides metal and plastic nameplates, and embossed metal products, as well as identification badges, and signs and display systems. The Memorialization segment offers caskets, cremation equipment, and bronze memorials. The Industrial Technologies segment manufactures highly engineered industrial parts, including investment castings, forgings, die castings, and stampings.
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The company has a market cap of 1.74B as of 2022 and a Return on Equity of 38.94%. Veritiv Corporation is a leading North American B-to-B distributor of print, packaging, and facility solutions. They help their customers — who include print and digital service providers, retailers, manufacturers, and commercial printers — optimize their operations by providing them with the right products and services at the right time.
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Technitronic Industries Co Ltd has a market cap of 179.43B as of 2022, a Return on Equity of 16.39%. The company is a leading electronics manufacturer with a focus on developing innovative products for the consumer and industrial markets. Its products include mobile phones, tablets, laptops, TVs, home appliances, and more. The company has a strong presence in Asia, Europe, and North America.
Matthews International Corporation reported their earnings results for the third quarter of FY2023 on July 28th, showing a strong quarter of revenue growth. Total revenue increased by 11.9% year over year to USD 471.9 million, while net income increased significantly from 2.9 million to 8.7 million. Despite these strong results, the stock price moved down the same day, likely due to investor expectations of more substantial growth.
Analysts suggest that investors should keep an eye on Matthews International’s fourth quarter results to evaluate the company’s longer term outlook. Furthermore, investors should consider the company’s financial health, including liquidity and leverage before making any investment decisions.