Batesville Casket Income Down Again-Your Funeral Guy

12 Aug
Batesville Casket Company in decline

Batesville Casket Company in decline

The net income for the Batesville Casket Company is down in the third quarter of 2009. Hillenbrand Inc.’s (HI)Net Income is down 4.9%. Net revenues fell to $158.7 million from $165 million. But more significantly for the first 9 months of 2009 (Fiscal year)there is a huge loss.  In the First (3Qs {of (fiscal)2009} Revenues dropped to $496 million from $519.3 million.

The WSJ quoting Hillenbrand Inc.’s Chief Executive  Kenneth Camp.

“This recession has affected every part of the American economy, and for the first time, it’s also affected our industry,”He added that the results also pointed to consumers’ spending cutbacks affecting their funeral-purchase decisions.

Snippet From RTT:

Revenue came down to $496.0 million from $519.3 million in the same period (9 month) last year.

Funeral Industry Funeral Blog by Your Funeral Guy

NYSE: HI is headquartered in Batesville, Indiana

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