Tag: Hillenbrand

Hillrom leading the charge against COVID-19
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 […]

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 […]

Death Care investments have been good in 2019
Finance

Death Care investments have been good in 2019

Funeral Director Daily tracks its proprietary Death Care Index or DCI periodically.  The DCI is a group of eight publicly traded company stocks that each have some skin in the death care industry or profession.  They range from companies involved in death care services to companies who manufacture things like crematories, to companies involved in the sale of preneed funeral insurance. The eight companies that compose the DCI include Service Corporation International (SCI), Carriage Services, Park Lawn Corporation, Hillenbrand Industries, […]

How will we transform?
Business

How will we transform?

The other day Funeral Director Daily published an article on the transformation of Hillenbrand Industries.  We explained that while the trajectory has not been perfect and steady – as a matter of fact it has sometimes been downright rocky – they have now transformed their business and business model so that their founding business, caskets, makes up only 30% of their revenue and they have found a way to be profitable at that figure. In researching that article I came […]

From the business world. . . . .
Finance

From the business world. . . . .

As we continue to move into the reports from Wall Street on how public companies have been doing for the first six months of 2019 we have a couple of items that we noticed in today’s news that we will present to you: Dignity PLC halts dividend:  The British funeral home conglomerate announced on Wednesday that they will be suspending payment of their dividend to stockholders.  You can read a story about it here.  As you know, about a year […]

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 […]

Matthews reports 1st Qtr 2019. . . . Memorialization segment increases sales
Finance

Matthews reports 1st Qtr 2019. . . . Memorialization segment increases sales

On January 31 Matthews International, parent company of Matthews Cremation and Aurora Casket, reported its first quarter of fiscal year 2019 which covers the period of October 1, 2018 to December 31, 2018.  You can read the press release from Matthews here. As a company the consolidated sales totaled $374.2 million as compared to $369.5 million for the same period one year ago.  Cash flow from operations was reported as higher than one year ago.  The Memorialization segment of the […]

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 […]