MATW

In May 2026, Matthews International reported higher Memorialization and Product Identification sales, a favorable arbitrator interim ruling on dry battery electrode rights, and progress with its Propelis joint venture, while maintaining its fiscal 2026 adjusted EBITDA guidance. In August 2026, the company reported a significant 29.6% year-over-year sales decrease to $246.0 million for Q3 Fiscal 2026, reflecting prior divestitures and weakness in Industrial Technologies, leading to a net loss of $23.7 million and a reduced fiscal 2026 adjusted EBITDA outlook, which caused a 12.89% drop in shares. Also in August 2026, Michael J. Whitehead was appointed President and CEO, succeeding Joseph C. Bartolacci. In October 2026, the company announced a planned reduction in board size from ten to eight directors, with two long-tenured directors not seeking re-election. The company declared quarterly cash dividends of $0.255 per share in May and August 2026. Overall, MATW stock has seen a total return of -15.01% over the past 12 months and is down 23.04% year-to-date as of September 28, 2026, with the share price at $20.48 on September 18, 2026, an 18.96% decline from the previous year.