MATW · CIK 63296
What Matthews International Corp. told the SEC could break it.
Matthews International's flagged risks are the input-cost and cross-border exposures of a diversified manufacturer. Its segments consume a wide range of commodities — bronze ingot, steel, granite, fuel and wood in memorialization, plus steel, copper, electronics and chemicals in industrial technologies — so commodity-price swings press on its manufacturing costs, and because it makes and trades across the EU, China, Canada and Mexico, 2025 U.S. tariffs (including an April 10% tariff on imports from nearly all countries) could raise those costs and disrupt its cross-border operations. With roughly 30% of fiscal 2025 sales from outside the U.S. across more than 18 countries, it also carries foreign-currency and country-specific risk.
3 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Commodity & input dependence
- Bronze ingot, steel, granite, copper, fuel and wood inputsmedium
Matthews is exposed to commodity price fluctuations in materials used across its segments — bronze ingot, steel, granite, fuel and wood (Memorialization) plus steel, copper, electronics and chemicals (Industrial Technologies) — pressuring manufacturing costs.
“Commodity Price Risks - In the normal course of business, the Company is exposed to commodity price fluctuations related to the purchases of certain materials and supplies (such as bronze ingot, steel, granite, fuel and wood) used in its manufacturing operations.”
Regulatory & policy
- U.S. import tariffs and trade-policy changesmedium
Matthews manufactures and trades across the EU, China, Canada and Mexico; U.S. tariff actions (e.g., an April 2, 2025 10% tariff on imports from nearly all countries plus higher individualized tariffs) and broader trade disruption could raise input costs and impair its cross-border operations.
“For example, on April 2, 2025, the U.S. government announced a 10% tariff on product imports from almost all countries and individualized higher tariffs on certain other countries.”
SEC filing →As of 2025
Geographic concentration
- International operations and FX (~30% of sales outside the U.S.)low
Matthews operates in more than 18 countries with ~30% of fiscal 2025 sales from outside the U.S. and manufacturing/suppliers spread globally, exposing it to FX movements and varied country-specific economic, political and regulatory risks.
“The Company conducts business in more than 18 countries around the world, and in fiscal 2025 approximately 30% of the Company's sales were made from locations outside the United States.”
SEC filing →As of 2025
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings, including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its customers
Propelis (JV)
“Following the contribution of the SGK Business to Propelis in the third quarter of fiscal 2025, the Company no longer had operations in South America.”
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