Tag: casket companies

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

Wilbert, Park Lawn make acquisitions

We’ve mentioned that many death care companies are intent on growing and right now many seem to have the cash-flow to fuel those acquisitions that lead to company growth.  Just last week Wilbert, Inc. announced an acquisition of a molding and finishing manufacturer who produces casket hardware, automotive/transportation components, and other consumer products. On the same day of that acquisition announcement, Park Lawn Corporation, a public company involved in Death Care mainly in the consumer funeral and cemetery businesses, announced […]

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 […]

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 […]

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

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 […]

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

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

What’s up with Hillenbrand

As a saver I keep what investments I have in separate buckets.  I have a bucket for my 401k, I have a bucket that generates current income, and I have a bucket where I hold stocks with the philosophy that these stocks “will be worth more in ten years than they are worth today”.  The idea of that last bucket is stocks that have been bought to hold and grow and no tax (except for dividends) is required on them […]

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 […]