 |
|
|
Stock Information
|
|
NASDAQ Trading Symbol: MATW
Recent Price 12/31/08): $36.68
52-Week Price Range: $58.55-$32.30
Fiscal 2008 Earnings Per Share: $2.55
Annual Dividend Per Share: $0.26
Shares Outstanding at 12/31/08: 30,646,021
Contact Matthews Investor Relations here
Investor Information:
Steven F. Nicola, Chief Financial Officer, Secretary and Treasurer Email
|
|
|
INVESTOR FACT SHEET
JANUARY 2009
|
|
|
All Fact Sheets are available as PDF downloads here |
|
|
|
|
|
|
|
|
Company Profile
|
|
|
MATTHEWS INTERNATIONAL CORPORATION, headquartered in Pittsburgh, Pennsylvania, is a designer, manufacturer and marketer principally of memorialization products and brand solutions. Memorialization products consist primarily of bronze memorials and other memorialization products, caskets and cremation equipment for the cemetery and funeral home industries. Brand solutions include graphics imaging products and services, marking products, and merchandising solutions. The Company’s products and services include cast bronze memorials and other memorialization products; caskets; cast and etched architectural products; cremation equipment and cremation-related products; mausoleums; brand management, printing plates and cylinders, pre-press services and imaging services for the primary packaging and corrugated industries; marking and coding equipment and consumables, and industrial automation products for identifying, tracking and conveying various consumer and industrial products, components and packaging containers; and merchandising display systems and marketing and design services. |
|
|
|
|
|
|
|
|
Business Operations
|
|
|
|
 |
|
| The Bronze segment manufactures and markets products in North America, Europe and Australia used in the cemetery, funeral home and architectural industries. The segment’s principal products include cast bronze memorials and other memorialization products used mainly in cemeteries. Memorial products include flush bronze memorials, flower vases, crypt plates and letters, cameo portraits, cremation urns, niche units, cemetery features and statues, community and family mausoleums, and granite monuments and benches. In addition, the segment manufactures and markets cast bronze and aluminum architectural products used to identify or commemorate people, places and events. |
| The Casket segment is a leading manufacturer and distributor of caskets in North America, producing a wide variety of wood and metal caskets. It is also a leader in providing assortment planning and merchandising and display products for funeral service businesses. These products assist funeral service professionals in providing value and satisfaction to their client families. |
| The Cremation segment is the leading designer and manufacturer of cremation equipment and cremation-related products in North America. Cremation equipment and products are sold primarily to funeral homes, cemeteries, crematories, animal disposers and veterinarians within North America, Asia, Australia and Europe. The segment also manufactures environmentally-friendly caskets, which are manufactured from wood fibers and corrugated materials covered with cloth, or paper veneer, which gives the appearance of wood. |
| The Graphics Imaging segment provides brand management, pre-press services, printing plates and cylinders, embossing tools and creative design services to the primary packaging and corrugated industries. The segment’s principal products and services include brand management, pre-press graphics services, printing plates, gravure cylinders, print process assistance, print production management, digital asset management, content management and package design. These products and services are used by consumer products companies and packaging manufacturers to develop and print packaging graphics that identify and help sell the product in the marketplace. |
| The Marking Products segment designs, manufactures and distributes a wide range of marking and coding products and related consumables, as well as industrial automation products. The Company’s products are used by manufacturers and suppliers to identify, track and convey their products and packaging. Marking technologies include contact and ink-jet printing using a wide range of specialty inks, as well as indenting and etching processes. Marking solutions can be a stand-alone operation or integrated directly into the manufacturing process at high speeds with extreme accuracy. |
| The Merchandising Solutions segment is an industry leader in providing value-added comprehensive merchandising solutions to consumer product marketers and retailers in industries such as electronics, technology, entertainment, food and beverage, apparel, footwear, home improvement, petroleum, appliances and flooring. The segment designs, engineers, manufactures and installs merchandising and display systems, and also provides creative merchandising and marketing solutions services. |
|
|
|
|
|
|
|
|
Recent Highlights
|
|
|
|
- The Company’s consolidated revenues were $818.6 million in fiscal 2008, compared to $749.4 million in fiscal 2007, an increase of 9.2%.
- For the quarter ended September 30, 2008, the Board of Directors increased the Company’s quarterly cash dividend to $.065 per share. This was Matthews’ fourteenth dividend increase since our initial public offering in July 1994.
- During fiscal 2008, we repurchased 981,563 shares of our common stock. The buy-back program is designed to increase shareholder value and add to earnings per share.
- In May 2008, the Company acquired a 78% interest in Saueressig GmbH & Co. KG, a manufacturer of gravure printing cylinders, which has manufacturing operations in Germany, Poland and the United Kingdom.
Click the chart to view an enlarged version.
|
 |
|
|
|
|
|
|
|
|
Selected Financial Data
|
|
|
|
|
|
Years Ended September 30
|
|
|
|
20081
|
20072
|
20063
|
2005
|
2004
|
|
|
|
(Amounts in thousands, except per share data)
|
|
|
| Net sales |
$818,623
|
$749,352
|
$715,891
|
$639,822
|
$508,801
|
| Gross profit |
322,964
|
271,933
|
271,933
|
223,075
|
193,754
|
| Operating profit |
132,952
|
280,457
|
113,884
|
98,413
|
95,078
|
| Interest expense |
10,405
|
111,824
|
6,995
|
2,966
|
1,998
|
| Income before income taxes |
121,572
|
8,119
|
105,408
|
93,056
|
89,117
|
| Income taxes |
42,088
|
38,990
|
38,964
|
34,985
|
34,584
|
|
|
| Net income |
$79,484
|
$64,726
|
$66,444
|
$58,071
|
$54,533
|
|
|
Earnings per common share:
Diluted |
$2.55
|
$2.04
|
$2.06
|
$1.79
|
$1.68
|
| Basic |
2.57
|
2.05
|
2.08
|
1.81
|
1.69
|
Weighted-average common shares outstanding:
Diluted |
31,158
|
31,680
|
32,252
|
32,381
|
32,542
|
| Basic |
30,928
|
31,566
|
31,999
|
32,116
|
32,217
|
| Cash dividends per share |
$.245
|
$.225
|
$.205
|
$.185
|
$.165
|
| Total assets |
$914,282
|
$771,069
|
$716,090
|
$665,455
|
$533,432
|
| Long-term debt, noncurrent |
219,124
|
142,273
|
120,289
|
118,952
|
54,389
|
|
- Fiscal 2008 included a reduction in income taxes of $1,882 to reflect the adjustment of net deferred tax liabilities resulting from the enactment of lower statutory income tax rates in certain European countries.
- Fiscal 2007 included a net pre-tax charge of approximately $8,765 which consisted primarily of special charges related to the acceleration of earn-out payments in the resolution of employment agreements from the Milso Industries acquisition and pre-tax charges related to severance costs incurred in several of the Company’s segments, partially offset by a pre-tax gain on the sale of the marketing consultancy business of the Merchandising Solutions segment and favorable legal settlements, net of related legal costs, in the Casket segment.
- Fiscal 2006 included a net pre-tax gain of $1,016 which consisted of a pre-tax gain from the sale of a facility, partially offset by a pre-tax charge related to asset impairments and related costs.
|
|
|
|
|
|
|
|
