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Stock impact report

Matthews International Responds to Barington Capital and Affirms Board and Management's Focus on Driving Long-Term Value Creation [Yahoo! Finance]

Matthews International Corporation - Class A (MATW) 
Last matthews international corporation - class a earnings: 1/30 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: matw.com/investor
Company Research Source: Yahoo! Finance
following statement in response to the recent statement and nomination notice the Company has received from Barington Capital Group (“Barington”): Our recent operating results reflect solid performance by our core businesses and demonstrate the resilience of our team in the face of a challenging market environment. As a result of strong execution and oversight by the Matthews Board of Directors and management team, the fundamentals of our businesses and their long-term outlook are strong: • Memorialization has benefited from pricing actions and several smaller strategic acquisitions, while delivering on cremation and mausoleum-related products that underscore the segment's long-term commitment to diversify its best-in-class offerings within the deathcare industry. Cost control measures taken during the fiscal year have also contributed to an improvement in operating margins. • SGK recently reported its third consecutive quarter of higher sequential sales and solid margins. Notab Show less Read more
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