Tag: Batesville Casket

Finance

Death Care Index mirrors NASDAQ on the year

As we move into the final month of the calendar year it seems like no one has the financial markets figured out.  In a year of rising inflation and rising interest rates, raised with the intention of curbing the inflation, the stock market indices have looked confused as to whether the worst is past or is yet to come.  The major indices have all dropped on the year — from a 5.7% loss year-to-date for the Dow Jones Industrials to […]

Business Finance

Forbes writer advocates for Batesville spin-off from Hillenbrand

Earlier this summer we brought you this article which brought information that parent company Hillenbrand Industries was contemplating “strategic alternatives” for its Batesville division.  Last week Forbes contributing writer Jim Osman expressed in this article his opinion that the Batesville division should be “spun-off” from Hillenbrand in order to unlock “shareholder value”. Osman contends that up until about the year 2010 Batesville “was” Hillenbrand Industries.  It was about then that Hillenbrand began using the predictable cash-flow and profits from Batesville […]

Finance Products

Hillenbrand ponders Batesville Casket’s future

A press release out of Batesville, Indiana, caught a lot of the death care profession off guard on Wednesday.  That press release, which you can read here, was from Hillenbrand Industries and announced that the company would “explore strategic alternatives for its Batesville business”. Here’s what parent company Hillenbrand Industries President and CEO Kim Ryan said in the release, “Today’s announcement is a defining moment for Hillenbrand, building on the exceptional work our teams have done to position our businesses […]

Finance

Batesville increases revenues on lower volume sales

  Hillenbrand Industries, parent company of Batesville, reported its 2nd Quarter 2022 (January thru March) last week and with it reported that the Batesville division increased their sales over the same quarter of last year by 6% to $176 million for the quarter.  That was done, for the most part, by implementing a “price surcharge” in January 2022 to “offset the significant increase in commodity costs.” The quarterly report, which you can read here, also made mention that “Burial casket […]

Finance

Batesville casket sales, margins both drop

  Hillenbrand Industries, parent company of Batesville Casket, reported their Fiscal Year 2022 1st Quarter last week. The First Quarter of their fiscal year represents the months of October, November, and December 2021.  You can read the entire report on the company’s 1Q 2022 here. While Hillenbrand Industries is a conglomerate of companies, they still report their Batesville operating segment separately and that is what is of interest to us at Funeral Director Daily. For the 1st Quarter of Fiscal […]

Finance Products

Titan Casket shows top-line growth in 2021

According to this article from Business Wire online retailer Titan Casket grew its revenues by 400% in 2021.  The company also disclosed that November 2021 was its “largest month ever”.   Titan was started in 2016 and allows consumers to purchase their caskets directly online for shipment to the funeral home of their choice. Titan Casket also announced that they had started a wholesale unit that sells caskets direct to funeral homes and that business segment saw an increase of 15 […]

Afternoon Edition

How some in the secular financial world see Death Care. . . interesting articles

I like to stay abreast of what is happening in the world of finance.  And, even though I like to stay in my lane about what I know, over the years I probably bought a stock or two in a company where I didn’t really know the inside out of how the company made its profits. I also like to think that I know the business of Death Care somewhat and understand most of the roads to profitability.  I ‘ve […]

Finance

Batesville reports Fiscal 2021 Revenue increase, suggest less Covid deaths possible in 2022

Batesville Casket’s parent company, Hillenbrand Industries, reported Fiscal Year 2021 and FY 4th Quarter 2021 results last week.  In that report, that you can read here, they reported that the Batesville segment produced revenue of $623 million for the year. . . a 13% increase over FY2020.  It should be mentioned here that FY2020 included the months of October, November, and December of 2019. . . a period in which no Covid deaths were reported in North America.  In contrast, […]

Finance

Hillenbrand revenue increases, Batesville division sales and EBITDA drop

Hillenbrand Industries, parent company of Batesville, reported their Fiscal Year 3rd Quarter earlier this month.  Their FY 2021 3Q comprises the April, May, and June 2021 business period.  You can see the complete report here. Here’s what CEO Joe Raver said about the quarter, “We had another strong quarter of performance with exceptional cash generation and record backlog due to continued momentum in our industrial businesses, while Batesville performed better than expected.” Hillenbrand is comprised of three divisions:  Advanced Process […]

Products

Another start up in Death Tech. . .another player in caskets

I had contact with an industry friend who had just returned from the Cremation Association of North America (CANA) convention last week.  She indicated to me that it was good to get back to an in-person gathering and see old friends.  One of the other things she indicated is that, in her opinion, how the death care profession had changed so fast in the 18-month Covid period we have been in. And, one of those changes is all the new […]