Batesville Casket(Hillenbrand)(HI) 4th quarter results are in and according to the Business Courier of Cincininati. “Hillenbrand sees lower sales in 4Q, stock drops“
Although profits are up for the year, the stock fell Tuesday on 4th quarter announcement. This is bad news for the funeral industry.It is the Business Courier’s Judgement that Investors are losing faith in Hillenbrand. The company is also the maker of The Michael Jackson Golden Casket. It is the authors opinion that Batesville has shown dismal numbers all year.
Snippet from the Business Courier of Cincininati.
For fiscal 2009, Hillenbrand posted net income of $102.3 million, or $1.66 per share, versus $93.2 million, or $1.49 per share in fiscal 2008. Revenues declined to $649.1 million from $678.1 million.
IT IS MY OPINION THAT A 29 million dollar decline from the World’s Largest Casket Maker is a sure indication of traditional funeral industry decline and the rise of cremation.
Funeral Industry|Funeral blog by Your Funeral Guy
Michael Jackson Golden Casket Pic From Flickr under the creative commons license from