Key Developments: Matthews International Corp (MATW.O)
38.50USD
2:18pm EDT
$-0.06 (-0.16%)
$38.61
$38.52
$38.77
$38.45
39,699
92,620
$39.37
$27.42
Latest Key Developments (Source: Significant Developments)
Matthews International Corp Reaffirms FY 2013 EPS Guidance; Declares Dividend
Matthews International Corp announced that for fiscal 2013, it expects adjusted (non-GAAP) earnings per share (EPS) to be in the range of $2.45 to $2.55. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $2.49 for fiscal 2013. The Company also announced that it has declared a dividend of $0.10 per share on the Company's common stock for the quarter ended March 31, 2013. The dividend is payable May 13, 2013 to stockholders of record April 29, 2013. Full Article
Faruqi & Faruqi, LLP Launches Investigation Against Matthews International Corp For Potential Breaches Of Fiduciary Duties By Board Of Directors
Faruqi & Faruqi, LLP, a national securities firm headquartered in New York City, announced that it is investigating the Board of Directors of Matthews International Corp for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the adoption of the 2012 Equity Incentive Plan. Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on January 22, 2013, the Board of Directors recommends that Matthews International’s shareholders vote to approve the adoption of the 2012 Equity Incentive Plan. The Board of Directors also recommends that shareholders approve compensation for the Company’s named executive officers. Full Article
Matthews International Corp Reaffirms FY 2013 EPS Guidance
Matthews International Corp announced that in November 2012, the Company provided guidance that, excluding unusual costs, adjusted (non-GAAP) earnings per share (EPS) were projected to be in the range of $2.45 to $2.55 for fiscal 2013. Based on the fiscal 2013 first quarter operating results and current forecasts, the Company is maintaining projections at this time. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $2.49 for fiscal 2013. Full Article
Matthews International Corp Declares Quarterly Dividend
Matthews International Corp announced that it declared a dividend of $0.10 per share on the Company's common stock for the quarter ended December 31, 2012. The dividend is payable February 11, 2013 to stockholders of record January 28, 2013. Full Article
Matthews International Corp Announces Acquisition Of Pyramid Controls Inc.
Matthews International Corp announced that the Company has acquired Pyramid Controls Inc. and its affiliate, Pyramid Control Systems (collectively, "Pyramid"). Pyramid, which is located in Cincinnati, Ohio, is a provider of warehouse control systems and conveyor control solutions for distribution centers. The acquisition is designed to expand Matthews' fulfillment products and services in the warehouse management market. Pyramid reported sales of $18 million in calendar 2011 and has approximately 50 employees. Terms of the acquisition were not immediately disclosed. Full Article
Matthews International Corp Announces Completion Of Purchase Of Wetzel Group
Matthews International Corp announced that the completion of its purchase of Wetzel Holding AG, Wetzel GmbH and certain related affiliates (collectively Wetzel). Wetzel is a European provider of pre-press services and gravure printing forms. Wetzel is headquartered in Muenchenstein/BL, Switzerland and has its principal manufacturing operations in Germany and Poland. Matthews initially announced on September 19, 2012 the signing of the definitive agreement for the purchase, which was subject to regulatory approval in Germany. Wetzel will operate as a subsidiary within Matthews' Graphics Imaging Group. Full Article
Matthews International Corp Issues FY 2013 EPS Guidance In Line With Analysts' Estimates-Conference Call
Matthews International Corp announced that it is projecting a non-GAAP EPS of between $2.45 and $2.55 per share for fiscal 2013. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $2.51 for fiscal 2013. Full Article
Matthews International Corp Announces Dividend
Matthews International Corp announced that the board of directors has declared, at its regularly scheduled meeting on November 15, 2012, a dividend of $0.10 per share on the Company's common stock for the quarter ended September 30, 2012, representing an increase of 11%. Full Article
Matthews International Corp Signs Definitive Agreement For Purchase Of Wetzel Group
Matthews International Corp announced that the Company has signed a definitive agreement for the purchase of Wetzel Holding AG, Wetzel GmbH and certain related affiliates (collectively Wetzel). Wetzel is an European provider of pre-press services and gravure printing forms. Wetzel is headquartered in Muenchenstein/BL, Switzerland and has its principal manufacturing operations in Germany and Poland. Its products and services are sold primarily within Europe. The acquisition is designed to expand Matthews' products and services in the global graphics imaging market. The purchase price for Wetzel will be EUR42.5 million (USD55 million) on a cash-free, debt-free basis, plus potential additional consideration based on operating results. Other terms of the acquisition were not immediately disclosed. The transaction, which is subject to regulatory approval in Germany, is expected to close during Matthews' 2013 first fiscal quarter. Full Article
Matthews International Corporation Issues FY 2012 EPS Guidance Below Analysts' Estimates; Declares Quarterly Dividend
Matthews International Corporation announced that for fiscal 2012, it expects adjusted (non-GAAP) earnings per share (EPS) to be in the range of $2.34-$2.40. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.57 for fiscal 2012. The Board of Directors of the Company also declared, at its regularly scheduled meeting on, July 19, 2012, a dividend of $0.09 per share on the Company's common stock for the quarter ended June 30, 2011. The dividend is payable August 13, 2012 to stockholders of record July 30, 2012. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
