Matthews International director Schawk acquires $118,000 in stock

David A. Schawk, a director at Matthews International Corp (NASDAQ:MATW), recently added 5,000 shares of the company’s Class A Common Stock to his holdings on August 10, 2026. The purchase amounted to $118,000, with each share bought at $23.6. This move is significant given the stock's current price of $23.25, hovering close to its 52-week low of $21.95.

Analysts at InvestingPro indicate that Matthews International may be undervalued at present, with potential upside for investors. As a result of this acquisition, Mr. Schawk now holds an indirect beneficial ownership of 225,206 shares of Class A Common Stock, which are managed by an exempt section 501(c)(3) charitable trust. Mr. Schawk is not personally benefiting from these shares held by the trust.

Meanwhile, Matthews International Corp. released its financial results for its fiscal third quarter of 2026, revealing a sharp decline in both profit and revenue. The company's adjusted earnings per share were $0.06, significantly below the expected $0.38, while revenue fell to $246 million from $349 million in the same period last year, missing the projected $272.5 million.

The company cited divestitures, weak engineering demand, and increased operational costs as the reasons for these disappointing results. Consequently, Matthews International has lowered its financial outlook. This report was produced with AI assistance and reviewed by an editor.