MATW News & Events

Matthews (MATW) announced that, for the second time in twelve months, an arbitrator has recognized the company's right to develop, produce, market and sell its proprietary dry battery electrode, or DBE, solutions to third parties. "Matthews defeated Tesla's (TSLA) claims as the arbitrator issued an interim decision denying the broad injunctive relief requested by Tesla and rejecting Tesla's attempts to prohibit the company from selling Matthews' proprietary DBE technology and equipment. Instead, the interim decision includes a narrow injunction preventing Matthews from using certain parts in dry battery electrode machines. Matthews already has replacement parts, and thus the injunction is not expected to materially impede Matthews' operations or sales. Matthews will continue to sell DBE equipment and provide technology offerings to its customers," the company stated.

Matthews (MATW) announced that, for the second time in twelve months, an arbitrator has recognized the company's right to develop, produce, market and sell its proprietary dry battery electrode, or DBE, solutions to third parties. Matthews defeated Tesla's (TSL) claims as the arbitrator issued an interim decision denying the broad injunctive relief requested by Tesla and rejecting Tesla's attempts to prohibit the company from selling Matthews' proprietary DBE technology and equipment. Instead, the interim decision includes a narrow injunction preventing Matthews from using certain parts in dry battery electrode machines. Matthews already has replacement parts, and thus the injunction is not expected to materially impede Matthews' operations or sales. Matthews will continue to sell DBE equipment and provide technology offerings to its customers.

Matthews International held its 2026 Annual Meeting of Shareholders. Among the meeting's key outcomes, the Company announced the re-election of Thomas Gebhardt, Aleta Richards, David Schawk, and Francis Wlodarczyk to its Board of Directors. In addition to the re-election of Board members, amendments to Matthews' Articles of Incorporation were adopted, reflecting the Company's ongoing commitment to enhance its governance practices. Following the Annual Shareholders Meeting, the Board of Directors formally selected J. Michael Nauman to replace Alvaro Garcia-Tunon as Chairman of the Board. Nauman was first appointed to Matthews' Board of Directors in February 2025.

Reports Q2 revenue $284.76M vs. $401.84M last year. Joseph Bartolacci, President and Chief Executive Officer, stated: "We are very pleased with our operating results for the fiscal 2026 first quarter. The Company reported earnings per share on a GAAP basis of $1.39 for the current quarter compared to a loss of $0.11 a year ago. We executed the previously announced sale of the warehouse automation business, receiving $225.4 million in cash proceeds and generating a gain on the divestiture. We also finalized the sale of the European packaging business, marking the full disposition of any controlling interests in the Brand Solutions segment. Additionally, the Memorialization segment reported higher sales and adjusted EBITDA compared to a year ago."