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

Summary: Matthews International Corp.

Summary: Matthews International Corp. - S&P Global Ratings’ Credit Research
Summary: Matthews International Corp.
Published Sep 10, 2018
10 pages (3362 words) — Published Sep 10, 2018
Price US$ 225.00  |  Buy this Report Now

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Abstract:

A leading market position in the branding and memorialization industries. A solid track record of acquiring and integrating acquisitions. Low cyclicality of the memorialization industry. Exposure to the highly fragmented brand-management industry. The company is active on the acquisition front, with leverage fluctuating in the 4x-5x range. However, we project that leverage will remain below 4.5x in the long term. Funds from operations (FFO) to net adjusted debt of around 16% for 2018. Annual free operating cash flow (FOCF) of approximately $185 million in 2018. Our stable outlook on Matthews International Corp. reflects our expectation that the company will continue to have revenue growth in the mid-to-high single digits and EBITDA margins of 15%-16% in the coming years. We expect

  
Brief Excerpt:

...(Editor's Note: This article, originally published Sept. 10, 2018, misstated the financial policy score in the rating score snapshot. The score is neutral (no impact). A corrected version follows.)...

  
Report Type:

Summary

Ticker
MATW
Issuer
Matthews International Corporation
Sector
Global Issuers
Country
United States
Region
United States
Format:
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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. "Summary: Matthews International Corp." Sep 10, 2018. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Matthews-International-Corp-2135073>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Matthews International Corp. Sep 10, 2018. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Matthews-International-Corp-2135073>
  
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