Matthews International to sell warehouse automation business for $230M [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 the definitive agreement calls for $223.3 million in cash and the assumption of some of the warehouse automation business. The sale is expected to close in fiscal 2026 second quarter. Matthews' fiscal year ends Sept. 30. “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. The proceeds of the sale when it closes will be used to pay off Matthews International's debt. It said reducing the debt will help its balance sheet and allow it to pursue strategic initiatives. Click here to read more from Pittsburgh Business Times. Download the FREE WPXI News app for breaking news alerts. Follow Channel 11 News on Facebook and Twitter . | Watch WPXI NOW
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News
- Matthews International Corp (MATW) Q4 2025 Earnings Call Highlights: Navigating Challenges with ... [Yahoo! Finance]Yahoo! Finance
- Matthews International: Excellent Deal On Warehouse Automation Sale [Seeking Alpha]Seeking Alpha
- Matthews International: Fiscal Q4 Earnings Snapshot [Yahoo! Finance]Yahoo! Finance
- Matthews's (NASDAQ:MATW) Q3 CY2025 Sales Top Estimates [Yahoo! Finance]Yahoo! Finance
- Matthews Non-GAAP EPS of $0.50 beats by $0.30, revenue of $318.8M beats by $28.01M [Seeking Alpha]Seeking Alpha
MATW
Earnings
- 11/20/25 - Beat
MATW
Sec Filings
- 11/24/25 - Form 4
- 11/24/25 - Form 4
- 11/24/25 - Form 4
- MATW's page on the SEC website