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Stocks•2 May 2026•

1 min read

Matthews International Eyes Growth via Propelis Synergies and Deleveraging

Key Facts

1Propelis achieved a $130M EBITDA run rate with a targeted disposal in 18–24 months.

2The Industrial Tech segment showed recovery signs with a $100M+ backlog and the resumption of Axian's commercial launch.

3The Memorialization segment maintained flat organic sales despite industry volume pressures.

Matthews International reported solid quarterly results, bolstered by operational synergies within its Propelis unit, which achieved a $130 million EBITDA run rate. The company is targeting asset disposals over the next 18 to 24 months as part of a strategic deleveraging plan to strengthen its balance sheet. Signs of recovery are emerging in the Industrial Tech segment, supported by a robust backlog exceeding $100 million and the resumed commercial launch of the Axian product. Meanwhile, the Memorialization segment maintained flat organic sales, demonstrating resilience despite broader industry volume pressures. Management remains focused on leveraging recent legal victories and a strong order book to drive valuation. These factors contribute to a positive outlook on the company's ability to optimize its capital structure and sustain growth momentum.