Tag: Batesville Casket

Afternoon Edition

Hillenbrand announces leadership succession plan

Hillenbrand Industries, parent company of Batesville Casket Company, announced last week that current CEO Joe A. Raver will be retiring at the end of 2021.  The following day, Kimberly K. Ryan will succeed him as CEO of the company. In a press release that you can read here, Hillenbrand Chairperson Joe Loughrey describes Raver, “A steadfast and strategic leader, Joe has guided Hillenbrand since 2013. During his tenure, he played a significant role in transforming the Company from a $600 […]

Finance

Batesville shows another strong quarter

Batesville, a division of Hillenbrand Industries, reported their Fiscal Year 2nd Quarter during the first week of May.  While the entire company revenue increased 11% year over year, Batesville, the funeral service side of the business, increased their revenue by over 20% to a quarterly volume of $166 million. Here’s what was said in the FY 2Q 2021 report about the Batesville segment of Hillenbrand Industries: “Revenue of $166 million increased 20% year over year driven by an increase in […]

Finance

Hillenbrand reports. . . Batesville segment shows strong results

Hillenbrand Industries, parent company of Batesville Casket Company, reported their July through September numbers – which happen to be their 4th Quarter fiscal year numbers, as well as their Fiscal Year End numbers last week.  Hillenbrand showed record revenues both for the quarter and the year.  You can access their financial report here. However, those numbers are somewhat skewed by the additional revenue during the year provided by the company’s acquisition of Milacron.  If you take away the Milacron acquisition […]

Finance

Batesville sales increase 7%

Hillenbrand Industries, a global diversified industrial company and parent of death care company, Batesville, reported their 3rd Quarter 2020 last week.  The company, which operates with an October 1 fiscal year date announced that revenues for the entire company increased 36% to $608 million for the quarter, but Net Income of $24 million was about one-third less than last year at this same time.  You can access Hillenbrand Industries 3Q 2020 earnings press release here. Those numbers seem somewhat contradictory […]

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

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 […]

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 […]