Matthews International Corp. - S&P Global Ratings’ Credit Research

Matthews International Corp.

Matthews International Corp. - S&P Global Ratings’ Credit Research
Matthews International Corp.
Published Dec 13, 2022
13 pages (6053 words) — Published Dec 13, 2022
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Abstract:

In the previous version of this article, the recovery expectation was incorrect in the recovery section. A corrected version follows. Overview Key strengths Key risks A diverse group of businesses that include some market leading positions in all three segments. Potential for leveraging acquisitions outside of core competencies. Steady long-term demand for memorialization products from aging population and growing contribution from the new energy storage business. Volatile demand in the brand solutions segment. Strong near-term growth prospects from internally developed products. Exposed to commodity and labor cost headwinds. Currently weak credit metrics for the rating. We believe the company's revenue and EBITDA growth in 2023, particularly from industrial technologies, will result in adjusted net debt to EBITDA declining to the

  
Brief Excerpt:

...In the previous version of this article, the recovery expectation was incorrect in the recovery section. A corrected version follows....

  
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Full Report

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Matthews International Corp." Dec 13, 2022. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Matthews-International-Corp-2963390>
  
APA:
S&P Global Ratings’ Credit Research. (). Matthews International Corp. Dec 13, 2022. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Matthews-International-Corp-2963390>
  
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