Matthews International Corp

MATW remains in a Stage 4 decline within a confirmed long-term downtrend, and the medium-term tradable side is Bearish as price struggles under the 50-DMA and prior highs. Short-term timing is Neutral given the bounce into rising EMAs without clear rejection at resistance. We recommend trimming exposure into the 50-DMA/prior high zone (~27) on signs of rejection, deferring execution until bearish confirmation emerges.

• ↑Memorialization segment drove $215M revenue (+4.5% YoY) with Dodge acquisition adding $10M/quarter.
• ↑Long-term debt reduced from $822M to $579M, lowering cost of capital.
• ↓Industrial technology revenue dropped to $43M vs. $81M YoY after key divestitures.