Matthews announces expiration of HSR waiting period
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 25 2025
0mins
Should l Buy MATW?
Antitrust Approval: Matthews International has received clearance under the Hart-Scott-Rodino Antitrust Improvements Act for its sale of SGK Brand Solutions to a new entity formed by affiliates of SGS & Co.
Next Steps: The transaction is expected to close next quarter, pending final regulatory approvals and other customary conditions.
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Analyst Views on MATW
About MATW
Matthews International Corporation operates through two core global businesses: Industrial Technologies and Memorialization. The Industrial Technologies business is a global innovator focused on transforming industries through the application of precision technologies and intelligent processes. Its product identification systems range from stand-alone marking products to complex ink-jet printing systems that integrate into a customer's production process. It offers high-tech custom energy storage solutions. The Memorialization business is a provider of memorialization products, including memorials, caskets and cremation and incineration equipment, primarily to cemetery and funeral home customers that help families move from grief to remembrance. In addition, the Company also has a significant investment in Propelis, a brand solutions business. Propelis delivers integrated solutions, including brand creative, packaging, print solutions, branded environments, and content production.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Poor Industry Outlook: The Zacks Industry Rank for Funeral Services is in the bottom 3% (236 out of 244), indicating ongoing sector pressures that exacerbate Matthews International's challenges.
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Tesla's Legal Battle with Former Supplier Develops
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- Narrow Injunction Issued: While the arbitrator rejected Tesla's broader request, a narrow injunction was placed on Matthews, restricting the use of certain parts in dry battery electrode machines; however, Matthews stated it has replacement parts ready, indicating minimal operational impact.
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- Earnings Outlook Upgraded: Analysts have nearly unanimously raised Nvidia's earnings outlook over the past 60 days, reflecting strong market confidence in its future growth, particularly with AI chip sales projected to reach $1 trillion by 2027, showcasing the company's robust competitive edge in the AI sector.
- Attractive Valuation: Nvidia's current P/E ratio stands at 23.7x, near its lowest level in a decade and significantly below the 10-year average of 45.3x, indicating that investors are purchasing the company at market-like multiples while its earnings growth is over three times that of the broader index, highlighting the stock's appeal.
- Strong Market Demand: With leading cloud providers like Alphabet, Microsoft, and Amazon accelerating growth, the demand for Nvidia's AI infrastructure continues to exceed supply, particularly as its data center capabilities are being oversubscribed, further solidifying its market position.
- Investor Confidence Boosted: Despite the stock's stagnation over recent months, Nvidia's strong fundamentals and upward earnings revisions, combined with robust market demand, create a favorable risk-reward setup for medium- to long-term investors.
See More
Matthews International Faces Declining Performance
- Performance Decline: Matthews International has seen annual sales drop approximately 28% since peaking in 2023, reflecting weak demand and operational headwinds, resulting in an 8.1% decline in share price year-to-date.
- Earnings Outlook Downgrade: Analysts have cut current-quarter earnings estimates by over 50% and fiscal 2026 estimates by nearly 30%, placing the company at a Zacks Rank of #5 (Strong Sell).
- Poor Industry Outlook: The Zacks Industry Rank for Funeral Services is in the bottom 3% (236 out of 244), indicating ongoing sector pressures that exacerbate Matthews International's challenges.
- Valuation Risk: Despite weak fundamentals, Matthews International trades at a forward P/E of 30.6x, its highest in a decade, lacking justifiable growth drivers, which increases the risk of further downside in its stock price.
See More
Beware of Cash-Burning Companies Risks
- Matthews Risk: Matthews International (MATW) has seen a 1.9% annual sales decline over the past five years, indicating its products have struggled to connect with the market, while a trailing free cash flow margin of -5.9% raises concerns about the sustainability of shareholder value.
- 3D Systems Financial Trouble: 3D Systems (DDD) has experienced a 7% annual sales decline over the last five years, with a free cash flow margin of -25.3%, suggesting that its investments have not yielded expected returns, and limited cash reserves may force it to seek unfavorable financing terms that could dilute shareholder equity.
- NN Company Growth Stagnation: NN (NNBR) has seen flat sales over the past five years, with a free cash flow margin of -1.7%, raising doubts about the long-term viability of its business model, as management's investments have failed to create value and are eroding capital returns.
- Market Warning Signals: These cash-burning companies face serious financial risks that could lead to shareholder dilution, increased debt, or even bankruptcy, prompting investors to carefully assess their portfolios for exposure to such firms.
See More
Matthews Engineering and hs-tumbler Collaborate to Advance Battery Electrode Manufacturing
- Collaborative Innovation: The partnership between Matthews Engineering and hs-tumbler GmbH aims to enhance powder preparation and process consistency in dry battery electrode manufacturing by integrating trajectory mixing and calendering technologies, thereby advancing solvent-free battery production.
- Efficiency Gains: The new technology employs Lissajous-type motion within a sealed container to achieve highly homogeneous dry-electrode powder mixtures, allowing a single processing step to replace multiple conventional dry-mixing stages, significantly increasing line speeds and operational performance.
- Safety and Environmental Benefits: This enclosed process greatly minimizes dust exposure, providing operational safety advantages for battery manufacturing and R&D lines, while also reducing mixer wear and metal contamination risks, ensuring the integrity of active materials.
- Broad Market Potential: Early development efforts indicate that trajectory-mixed DBE powders can support increased calender throughput while maintaining quality parameters of dry electrode sheets, suggesting significant future applications in battery manufacturing.
See More
Matthews Engineering and hs-tumbler Collaborate to Advance Battery Electrode Manufacturing
- Collaborative Innovation: The partnership between Matthews Engineering and hs-tumbler GmbH aims to enhance powder preparation efficiency for dry battery electrodes through trajectory mixing technology, which is expected to increase line speeds and improve process consistency, thereby supporting scalable solvent-free battery production.
- Enhanced Powder Homogeneity: The new technology achieves highly homogeneous dry-electrode powder mixtures through controlled Lissajous motion within sealed containers, allowing for single-step processing that replaces traditional multi-stage dry mixing, significantly improving binder distribution uniformity and electrode moldability.
- Improved Production Efficiency: Early development efforts indicate that trajectory-mixed dry electrode powders can support increased calender throughput at elevated line speeds while maintaining quality parameters of the electrode sheets, showcasing potential productivity improvements in dry electrode workflows that align with the needs of battery manufacturers and automotive OEMs.
- Shared Strategic Vision: Brandon Babe, President of Matthews Engineering, stated that this collaboration reflects a shared vision of advancing next-generation battery manufacturing, combining advanced calendering expertise with innovative mixing technology to provide a scalable upstream processing foundation for dry battery electrode production.
See More
Tesla's Legal Battle with Former Supplier Develops
- Arbitrator's Decision: The arbitrator denied Tesla's request for broad injunctive relief, meaning Tesla could not prevent former supplier Matthews from selling its dry battery electrode technology, potentially impacting Tesla's competitive edge in battery manufacturing.
- Narrow Injunction Issued: While the arbitrator rejected Tesla's broader request, a narrow injunction was placed on Matthews, restricting the use of certain parts in dry battery electrode machines; however, Matthews stated it has replacement parts ready, indicating minimal operational impact.
- Lawsuit Context: Tesla sued Matthews in 2024 for allegedly stealing trade secrets related to battery manufacturing and sharing them with competitors, seeking damages exceeding $1 billion, highlighting Tesla's commitment to protecting its intellectual property.
- Market Sentiment Shift: Over the past 24 hours, retail sentiment around Tesla shifted from 'bullish' to 'extremely bullish', while Matthews' sentiment rose from 'neutral' to 'bullish', indicating investor optimism regarding the future performance of both companies.
See More
