Tag: Batesville Casket

Batesville reports that 4th Qtr sales are flat
Finance

Batesville reports that 4th Qtr sales are flat

Hillenbrand Industries, parent company of Batesville Casket company reported earlier this week that Batesville’s fiscal 4th Quarter sales (July, August, September) were essentially flat from the prior year.  You can see Hillenbrand’s 4th Quarter and Year End report here. Hillenbrand Industries reported quarterly revenue of $486 million — an increase over 4Q 2018 of 2%.  They also reported that the growth was spurred by an increase of 3% in their Process Equipment Group while Batesville  revenue was “essentially flat”.  Of […]

Matthews Aurora spins off Canadian facility
Finance

Matthews Aurora spins off Canadian facility

In this press release issued by Victoriaville & Co. of Edmunston, New Brunswick, Canada, last week you can read about their acquisition of  Alliance St-Laurent Casket, previously a subsidiary of Matthews Aurora Funeral Solutions. According to a quote from Steve Gackenbach, Group President of Matthews Memorialization, “This divestiture represents a manufacturing consolidation as part of our integration of the Aurora Casket Company.  We continue to invest to deliver world class manufacturing capabilities and superior product quality at our core manufacturing […]

Casket companies report sales . . .the slide continues
Finance

Casket companies report sales . . .the slide continues

Earlier in May both of America’s leading casket companies reported their 2019 fiscal year 2nd quarter financials.  Those companies, Hillenbrand, which is the parent company of Batesville Casket Company, and Matthews International, which is the parent company of Aurora Casket Company, reported declining sales of caskets.  You can see Hillenbrand’s 2Q report here and you can see Matthews International’s 2Q report here. Here are some of the things that were reported on Hillenbrand: Hillenbrand had revenue of $465 million for […]

Hillenbrand revenue up, Batesville revenue down, CEO Raver calls Batesville “Lean and Flexible”
Finance

Hillenbrand revenue up, Batesville revenue down, CEO Raver calls Batesville “Lean and Flexible”

Multi-faceted conglomerate Hillenbrand Industries, parent of death care company Batesville, reported higher revenue year over year for their 1st Quarter which ended on December 31.  Hillenbrand, as a whole, reported revenue for the quarter of $410 million which is 3% higher than one year ago.  Hillenbrand’s Processed Equipment Group (PEG) reported revenue growth of 7%. You can read a press release of the 1st Quarter results here. Hillenbrand also announced another acquisition in the manufacturing arena by announcing the completed […]

Hillenbrand reports 4th Qtr and Year End results
Finance

Hillenbrand reports 4th Qtr and Year End results

Hillenbrand Industries, parent company of Batesville Casket, reported 4th quarter and year end earnings last week.  You can read the company’s press release here. For the year the company’s revenues increased 11% to $1.77 billion.  As you may know the company operates in two general segments, the Processed Equipment Group and the Batesville Group.  The Batesville side of the business is the historical death care business. For the year the upside of the Processed Equipment Group was a 19% increase […]

Hillenbrand Reports 1st Quarter, Revises Adjusted EPS Upward
Finance

Hillenbrand Reports 1st Quarter, Revises Adjusted EPS Upward

Hillenbrand Industries reported 1st Quarter 2018 earnings on January 31.  You can read the company’s press release here. President Joe Raver made the following comment, “We are off to a strong start for 2018 with continued momentum in the Process Equipment Group.  We remain closely aligned with our customers by providing applications expertise and high engineered product solutions to solve their most challenging business needs.  As a result, we delivered continued revenue growth, strong operating leverage, and a solid order […]

The American Casket Market
Business Products

The American Casket Market

I’ve been able to receive a private report from November 2017 on the State of the American Casket Market.  It is an extensive report that goes into who are the players in the industry, what is the market like, who has what percentage of market share, what is the profitability of the industry, and attempts to give a look into the future of where the industry is going. I found the report, and I’ll share parts of it with readers […]

Batesville Casket Honored by State of Indiana
Business

Batesville Casket Honored by State of Indiana

Batesville Casket company was one of eleven Indiana companies honored and inducted into the State of Indiana Manufacturer’s Hall of Fame in a ceremony on October 4.  Companies were recognized by the Indiana Manufacturer’s Association for their outstanding contributions to the development of a healthy, dynamic manufacturing environment in Indiana. Batesville has been a part of the manufacturing industry in Indiana since 1906 when the Hillenbrand family purchased the Batesville Coffin Company.  Batesville is now a wholly owned subsidiary of […]