Benzinga | Jan 28, 2021 05:20PM EST

Recap: Matthews International Q1 Earnings

Shares of Matthews International (NASDAQ:MATW) increased in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 44.68% year over year to $0.68, which beat the estimate of $0.42.

Revenue of $386,657,000 rose by 5.95% from the same period last year, which beat the estimate of $359,360,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Technicals

Company's 52-week high was at $39.92

52-week low: $17.01

Price action over last quarter: Up 14.66%

Company Overview

Matthews International Corp is a personal services company that primarily provides brand solution services, memorialization products, and industrial products in the United States and Europe. The majority of Matthews' revenue is derived from its SGK Brand Solutions business, which provides brand development services, printing equipment, creative design services, and embossing tools to the consumer packaged goods and packaging industries. The company's Memorialization segment, which sells bronze and granite memorials, caskets, and cremation equipment to the cemetery and funeral home industries, also contributes a significant amount. Most of Matthews' revenue is generated from sales made in the U.S., while European customers also contribute a sizable percentage.