Matthews International: Upbeat On Propelis Synergies, Deleveraging

Matthews International delivered a solid quarter, with Memorialization achieving flat organic sales despite industry volume pressures. Propelis, with a $130M EBITDA run rate and synergy realization, underpins MATW's valuation case; a disposal is targeted in 18–24 months. The Industrial Tech segment shows green shoots: Axian's commercial launch resumes, legal wins secure patents, and a $100M+ backlog signals future traction again.