Tag: casket business

Finance

Matthews reports year end. . .Memorialization sales increase

Matthews International reported their 4th Quarter and 2019 fiscal Year Sales last week.  The Pittsburgh based public company includes in its portfolio, as one of three business segments, a Memorialization unit that includes Matthews Cremation, Aurora Casket, and Star Granite which are of interest to the death care industry. You can access the Matthews International 4Q and Fiscal 2019 report here. For the 2019 year Matthews International reported sales of $1.54 billion as compared to 2018 total sales of $1.60 […]

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 […]

Finance

Standard and Poor’s Rates Hillenbrand’s Amended Credit Facility

On December 19 Standard and Poor’s Global Ratings issued a rating on Hillenbrand’s  amended $900 million unsecured revolving credit facility expiring in December 2022.  The rating assigned was BBB.  The company restated that it will use this credit facility for financing working capital needs and general corporate purposes. Standard and Poor’s gave the following reasons for rating the credit facility BBB: Hillenbrand has a good position in the casket business The company has improved geographic diversity following its recent flow […]