Comparing the current results to its competitors, Matthews International reported Revenue decrease in the 3 quarter 2026 year on year by -29.58 %, despite the revenue increase by the most of its competitors of 5.35 %, recorded in the same quarter.
Matthews International Corp, despite income growth by most of its competitors recorded a net loss, despite income increase by most of its competitors of 110.95 %
Matthews International's Comment on Competition and Industry Peers
The company operates in multiple competitive segments. In memorial products, competition involves numerous manufacturers and is based on reputation, product quality, delivery, price, and design availability. Mausoleum construction competition includes various construction companies across North America, focusing on design, quality, and price. The architectural market features numerous competitors producing cast and painted signs, plastic materials, sand-blasted wood, and other fabricated products. The casket business is highly competitive, with many North American manufacturers and some foreign producers, primarily from China, competing on product quality, price, service, design availability, and product line breadth. In the cremation and accessory equipment market, the company competes with several manufacturers based on product design, quality, and price. The Memorialization segment and its three largest global competitors represent a significant portion of the U.S. and European cremation equipment market.
February 22, 2024
Matthews International Corporation Expands Hydrogen Fuel Cell Development Center in Burlington, NC Amidst Growing Competition and Financial ChallengesMatthews International Corporation (NASDAQ GSM: MATW), a renowned global provider of industrial technologies and renewable energy equipment, recently announced the relocation of its bipolar plate manufacturing and prototyping operations, under the brand name Terrella Energy, to its site in Burlington, North Carolina. This move comes as a strategic decision, with the new location conveniently positioned within the Southern Automotive Corridor, in close proximity to numerous electric vehicle automakers and battery manufacturers.The establishment of a dedicated Hy...
Publicly Traded Peers of Matthews International Corp
Graphic Packaging Holding Co Share Performance
-51.56%
One Year
Graphic Packaging Holding Co
Profile
Graphic Packaging Holding Co operates as a supplier of packaging solutions to consumer packaged goods companies. The company's business model revolves around manufacturing and providing a wide range of paper-based packaging products and services, including folding cartons, beverage packaging, and flexible packaging. Their aim is to meet the packaging needs of various industries by delivering innovative and sustainable solutions that enhance product visibility, freshness, and convenience.
3M Company operates a diversified business model by offering innovative solutions across multiple segments, including healthcare, safety and industrial, transportation, and consumer goods. The company leverages its extensive portfolio of patents and deep customer relationships to drive product development and market responsiveness, focusing on delivering value across various industries.
Honeywell International Inc operates as a diversified technology and manufacturing company, providing a broad portfolio of products and solutions across multiple sectors including aerospace, buildings, materials, and safety. The company emphasizes innovation and efficiency, leveraging advanced technologies to enhance productivity and sustainability for its customers. By integrating software and hardware in its offerings, Honeywell aims to deliver comprehensive solutions that drive operational excellence and long-term growth.
Dow Inc.s business model centers on innovation in the production and sale of diverse chemical products, advanced materials, and sustainable solutions tailored for multiple sectors such as automotive, construction, electronics, and consumer goods. The company emphasizes strategic partnerships and research-driven development to enhance performance and sustainability across its extensive product portfolio.
Applied Materials Inc operates as a key player in the semiconductor equipment sector, delivering cutting-edge manufacturing solutions that support the production of next-generation electronic devices. Their business model focuses on developing, manufacturing, and maintaining advanced equipment and materials essential for chip fabrication, display technology, and solar energy production, serving a diverse clientele of semiconductor manufacturers globally.
Sources:
Matthews International Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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