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Matthews International Corporation (MTRX) is a US-based company that operates in the heavy construction industry. The company's operations are divided into two segments: Memorialization and Industrial Technologies.
In the Memorialization segment, the company provides products and services related to caskets, memorials, and related goods and services for the death care industry. This segment accounted for approximately 75% of the company's revenue in the most recent fiscal year.
In the Industrial Technologies segment, the company provides digital signage, industrial automation, fulfillment systems, and language translation equipment. This segment accounted for approximately 25% of the company's revenue in the most recent fiscal year.
In terms of financial performance, Matthews International Corporation reported net sales of $1.2 billion in its most recent fiscal year, representing a decrease of 5.8% compared to the prior year. The company's net income for the most recent fiscal year was $32.3 million, down from $50.4 million in the prior year.
In terms of earnings growth, Matthews International Corporation has reported inconsistent earnings growth in recent years. The company's earnings per share (EPS) have fluctuated between $1.91 and $3.23 over the past five fiscal years.
In terms of future growth prospects, the heavy construction industry is expected to grow at a moderate rate in the coming years, driven by increasing infrastructure spend and a focus on modernization of existing infrastructure. Matthews International Corporation is well-positioned to benefit from this trend, given its strong presence in the death care industry and its expansion into the industrial technologies segment.
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