Tag: caskets

Finance

Matthews announces investment sale

On Tuesday global death care company Matthews International announced a sale, that was effective on June 26, of a non-controlling ownership interest in a pet cremation services business.  According to this release from Matthews, the company sold its interest for a total of $57.2 million. That $57.2 million was to be paid to Matthews International with $42.2 million in cash and another $15.0 million in preferred stock of the company, which was not named.  Again, according to the release, Matthews […]

Finance

Catching up with Batesville and Assurant

Hillenbrand Industries, parent company of Batesville Casket Company and Assurant, the financial services company that counts it Global Preneed business among its three divisions both reported financial results during early May and we now bring you those results. Batesville Casket, which represents about 20% of the total revenue of Hillenbrand Industries reported an increase of about 1% in revenue for their 2nd Quarter 2020 which encompassed the January 2020 thru March 2020 period.  According to their report, that you can […]

Finance Products

Hillrom leading the charge against COVID-19

On Friday, or maybe it was Saturday, I was watching President’s Trump daily briefing on the coronavirus pandemic and my ears picked up when I heard him him mention some of the companies that were leading the charge against the virus.  One of the companies he mentioned was Hillrom. If you have been around funeral service as long as I have you know that name and you know the history.  I thought today might be a good day for a […]

Business

Swimming against the stream

To understand me you have to understand that I was somewhat, especially when it came to business, a data geek even before data and the term “data analytics” became in vogue.  When my wife and I were married in 1988 – and I was hatching all kinds of business opportunities outside of the funeral realm, my wife once told me, “When you die, I’m going to bury you with a calculator in your hands.” On that wave I just started […]

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 […]

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 […]

Products

Have You Seen Coffin in a Box?

My wife and I enjoy going through the Ikea store near Mall of America in the Minneapolis suburbs.  Virtually everything we find there is not only modern and up to date, but we can purchase it for a discount in a box, bring it home, and put it together.  We not only get a great piece of furniture but we save money to boot. I recently discovered a company from the Netherlands – Coffin in a Box – that produces […]

Products

Australia’s LifeArt Coffins on the Market

The other day I was doing some research for the “Finance” portion of Funeral Director Daily.  I like to search public companies world-wide who compete in the death care space and learn where I might be able to make a good investment for the long haul.  In any regard, I was researching InvoCare Limited, Australia’s largest provider of death care services and learning more about them. While doing that research I came up with a division of InvoCare that I […]

Business Products

More on the U.S. Casket Industry

The other day I told you that I had become privy to a report done on the state of the American Casket industry.  We gave out some insights on the industry and both its past decline and its probable future decline in units sold and dollar amounts sold. One of the things that I found very interesting in the report was that the key driver of casket sales was not those people that “want” to buy caskets, but it was […]

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 […]