MATTHEWS INTERNATIONAL CORP
MATW · Nonferrous Foundries (Castings) · 31.2M shares · -0%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: -$14M (gross $3M, SBC $17M)
Reference price $19.22 · est. market cap ~$600M — last insider purchase, 2025-05-08 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D53Diversified caster/industrial firm in a loss-and-restructuring year with negative cash flow.
Strengths
- Adequate liquidity post-SGK divestiture (cash runway 21.6 quarters, 85th) and $228M divestiture proceeds
- Diversified, global revenue base across 18+ countries
Risks
- Negative ROE -5.1% (38th), ROA -1.4%, and free cash flow -$59M (13th) — a clear loss year
- High leverage (debt/equity 1.46, 86th) including 8.625% secured notes and operating cash outflow of $23.6M
Notable findings
- RestatementMANAGEMENT'S DISCUSSION AND ANALYSIS, (continued) The Company has a domestic credit facility with a syndicate of financial institutions that was amended and restated in September 2024 8-K ↗
- Exec changeRecent 8-K item 5.02 8-K ↗
- Cash burnNegative free cash flow (-59.4M)
- Strong balance sheetStrong balance sheet — $321M cash & investments, ~22 quarters of runway
- China exposure• export controls, including by the United States; • failure to comply with anti-bribery legislation, including the U
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on equity
-5.1%
Return on assets
-1.4%
ROIC
5.0%
Revenue growth (QoQ)
-1.0%
Debt / equity
1.5×
Net debt / EBITDA
2.6×
Current ratio
1.5×
Free cash flow
-$59M
EBITDA
$147M
Tangible book value
-$113M
Cash & investments
$321M
Cash runway
22q
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-01 | SCHAWK DAVID A | Gift | 198K | — |
| 2026-05-14 | Wlodarczyk Francis | Option exercise | 4.0K | — |
| 2026-03-19 | SCHAWK DAVID A | Gift | 4.7K | — |
| 2026-03-19 | SCHAWK DAVID A | Gift | 4.7K | — |
| 2026-03-07 | DUNLAP TERRY L | Option exercise | 4.7K | — |
| 2026-03-07 | Wlodarczyk Francis | Option exercise | 4.0K | — |
| 2026-03-07 | Dietze Katherine Elizabeth | Option exercise | 4.7K | — |
| 2026-03-07 | Richards Aleta W. | Option exercise | 4.7K | — |
| 2026-03-07 | OBRIEN MORGAN K | Option exercise | 4.7K | — |
| 2026-03-07 | SCHAWK DAVID A | Option exercise | 4.7K | — |
| 2026-03-07 | Etzkorn Lillian | Option exercise | 4.7K | — |
| 2025-11-20 | NICOLA STEVEN F | Option exercise | 23K | — |
| 2025-11-20 | NICOLA STEVEN F | Tax withheld | 9.9K | $25.10 |
| 2025-11-20 | Walters Brian D | Option exercise | 12K | — |
| 2025-11-20 | Walters Brian D | Tax withheld | 5.3K | $25.10 |
| 2025-11-20 | BARTOLACCI JOSEPH C | Option exercise | 90K | — |
| 2025-11-20 | BARTOLACCI JOSEPH C | Tax withheld | 39K | $25.10 |
| 2025-11-20 | Brkovich Davor | Option exercise | 3.6K | — |
| 2025-11-20 | Brkovich Davor | Tax withheld | 1.6K | $25.10 |
| 2025-11-20 | Gackenbach Steven D | Option exercise | 14K | — |
| 2025-11-20 | Gackenbach Steven D | Tax withheld | 6.0K | $25.10 |
| 2025-11-20 | Awenowicz Ronald C | Option exercise | 3.6K | — |
| 2025-11-20 | Awenowicz Ronald C | Tax withheld | 1.6K | $25.10 |
| 2025-11-20 | Lane Lee | Option exercise | 9.2K | — |
| 2025-11-20 | Lane Lee | Tax withheld | 4.0K | $25.10 |
| 2025-11-14 | Gackenbach Steven D | Tax withheld | 4.0K | $24.93 |
| 2025-11-14 | Brkovich Davor | Option exercise | 2.4K | — |
| 2025-11-14 | Brkovich Davor | Tax withheld | 1.0K | $24.93 |
| 2025-11-14 | Walters Brian D | Option exercise | 8.0K | — |
| 2025-11-14 | Walters Brian D | Tax withheld | 3.5K | $24.93 |
| 2025-11-14 | BARTOLACCI JOSEPH C | Option exercise | 60K | — |
| 2025-11-14 | BARTOLACCI JOSEPH C | Tax withheld | 26K | $24.93 |
| 2025-11-14 | Gackenbach Steven D | Option exercise | 9.2K | — |
| 2025-11-14 | NICOLA STEVEN F | Option exercise | 15K | — |
| 2025-11-14 | NICOLA STEVEN F | Tax withheld | 6.6K | $24.93 |
| 2025-11-14 | Awenowicz Ronald C | Option exercise | 2.4K | — |
| 2025-11-14 | Awenowicz Ronald C | Tax withheld | 1.0K | $24.93 |
| 2025-11-14 | Lane Lee | Option exercise | 6.2K | — |
| 2025-11-14 | Lane Lee | Tax withheld | 2.7K | $24.93 |
| 2025-05-31 | Lane Lee | Option exercise | 2.0K | — |
| 2025-05-31 | Lane Lee | Tax withheld | 910 | $21.45 |
| 2025-05-15 | SCHAWK DAVID A | Gift | 3.8K | — |
| 2025-05-15 | SCHAWK DAVID A | Gift | 3.8K | — |
| 2025-05-08 | Nauman J Michael | Buy | 7 | $19.22 |
| 2025-05-07 | Nauman J Michael | Buy | 1.1K | $19.10 |
| 2025-03-09 | Etzkorn Lillian | Option exercise | 3.8K | — |
| 2025-03-09 | SCHAWK DAVID A | Option exercise | 3.8K | — |
| 2025-03-09 | DUNLAP TERRY L | Option exercise | 3.8K | — |
| 2025-03-09 | OBRIEN MORGAN K | Option exercise | 3.8K | — |
| 2025-03-09 | Dietze Katherine Elizabeth | Option exercise | 3.8K | — |
| 2025-03-09 | Richards Aleta W. | Option exercise | 3.8K | — |
| 2025-02-24 | Nauman J Michael | Buy | 4.0K | $24.59 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-01 | ResultsReg FDExhibits | filing ↗ |
| 2026-04-30 | Reg FDExhibits | filing ↗ |
| 2026-04-10 | Exec/director changeExhibits | filing ↗ |
| 2026-03-10 | Reg FDExhibits | filing ↗ |
| 2026-02-19 | Exec/director change5.03Shareholder voteReg FDExhibits | filing ↗ |
| 2026-02-17 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-02-04 | ResultsReg FDExhibits | filing ↗ |
| 2026-01-29 | Reg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-01 | 2026-04-30 | 0000063296-26-000056 ↗ |
| 10-Q | 2026-05-01 | 2026-03-31 | 0000063296-26-000059 ↗ |
| 8-K | 2026-04-30 | 2026-04-29 | 0000063296-26-000053 ↗ |
| 8-K | 2026-04-10 | 2026-04-08 | 0001193125-26-151295 ↗ |
| 8-K | 2026-03-10 | 2026-03-10 | 0000063296-26-000015 ↗ |
| 8-K | 2026-02-19 | 2026-02-19 | 0001193125-26-059437 ↗ |
| 8-K | 2026-02-17 | 2026-02-11 | 0001193125-26-052745 ↗ |
| 10-Q | 2026-02-04 | 2025-12-31 | 0000063296-26-000013 ↗ |
| 8-K | 2026-02-04 | 2026-02-03 | 0000063296-26-000011 ↗ |
| 8-K | 2026-01-29 | 2026-01-28 | 0000063296-26-000008 ↗ |
| 8-K | 2026-01-15 | 2026-01-15 | 0001193125-26-014158 ↗ |
| 8-K | 2026-01-12 | 2026-01-12 | 0000063296-26-000006 ↗ |