Matthews International completes $232M sale of warehouse automation unit [Yahoo! Finance]
Matthews International Corporation - Class A (MATW)
Last matthews international corporation - class a earnings: 1/30 04:15 pm
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Source: Yahoo! Finance
The Pittsburgh-based manufacturer, which is in the midst of a strategic review, said Matthews received $225.4 million in cash, plus the assumption of some of the warehouse automation business liabilities. The sale closed December 31, according to an announcement from Matthews. “This transaction is a direct outcome of the strategic alternatives evaluation, reflecting our commitment to unlocking shareholder value and further reducing our debt toward our long-term net leverage ratio goal of 2.5x,” said Matthews International President/CEO Joseph C. Bartolacci in a prepared statement. “The total purchase price represents a compelling valuation multiple that is significantly accretive to Matthews' current trading range. Following this announcement, the company's strategic alternatives review to enhance shareholder value creation remains ongoing.” Click here to read more from our partners at the Pittsburgh Business Times. Download the FREE WPXI News app for breaking news alerts. Fo
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MATW
News
- Matthews International Announces Agreement with Barington Capital [Yahoo! Finance]Yahoo! Finance
- Matthews International Announces Agreement with Barington CapitalPR Newswire
- Matthews International Announces Notice of Redemption for All of its 8.625% Senior Secured Second Lien Notes due 2027 [Yahoo! Finance]Yahoo! Finance
- Matthews International Announces Notice of Redemption for All of its 8.625% Senior Secured Second Lien Notes due 2027PR Newswire
- Matthews International Announces First Quarter Fiscal 2026 Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
MATW
Earnings
- 11/20/25 - Beat
MATW
Sec Filings
- 1/15/26 - Form PRER14A
- 1/15/26 - Form DEFA14A
- 1/15/26 - Form 8-K
- MATW's page on the SEC website