NYSE(HI) Batesville Assembly Plant of theYear 09 |but where was the Casket Revenue?-YourFuneralGuy

10 Jan

3d image of a casket (NYSE:HI)In 2009 Recently Batesville Casket Received  A state of the Art Assembly Plant Award. But what is the use if people are not Buying Caskets?

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.

The need for Batesville caskets is down due to a rise in cremation, and the economy

BATESVILLE CASKET COMPANY MAY HAVE STATE OF THE ART ASSEMBLY PLANTS BUT THEY ARE OF NO USE WHEN THEY ARE NOT SELLING ENOUGH CASKETS TO STOP DECLINING REVENUE Where are the casket sales?

To put it more simply there is a lack of money, Revenue from Casket sales..

For the first 9 months of 2009 (Fiscal year) there was  a huge loss. In the First (3Qs {of (fiscal)2009} Revenues dropped to $496 million from $519.3 million.

Smoke screening their Revenue Loss with assembly plant awards,press releases while secretly entering the burial vault industry -Purchase of  Goria Burial Vault(s)- continues to shows the Company’s lack of transparency, if not desperation. It is a bad day for the Funeral Industry when the world’s leading casket maker has to go outside the casket sale, purchasing and selling vaults,to  stop revenue decline.

The great funeral industry earthquake comes closer and closer every day. In fact I would say the sky has fallen on the Funeral Business.

CHICAGO, IL–(Marketwire – September 30, 2009) – ASSEMBLY magazine, a trade publication for manufacturers, and The Boston Consulting Group (BCG), one of the world’s leading management consulting firms, today named Batesville Casket Company the 2009 winner of their “Assembly Plant of the Year” award. The award spotlights a state-of-the-art manufacturing facility in the United States that has applied world-class processes to reduce production costs, increase productivity, shorten time to market, and improve product quality.

via www.marketwire.com

Funeral industry| Funeral News| Funeral Blog by Your Funeral Guy

If you purchase a high end Batesville casket you will not come in under the average cost of a funeral.

photo 3D rendering of a caket from istock photo-Not a Batesville Casket.

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