Tag Archives: Hillenbrand Inc

Ten Companies controlling the Funeral Industry-Your Funeral Guy

14 Jan
Amazon.com-Logo
Image via Wikipedia

There has been an article on Ten Companies Controlling the Funeral Industry. What is interesting in the article are the Newcomers Wall Mart and Amazon .com These companies have only entered the funeral industry in the last several  of years. This is an indication of traditional Funeral industry decline and the desire of folks to pay less in funeral cost.

Here is a summary of the funeral business from the Article

The death industry is a tale of two economies. A relatively few large companies, most of them publicly traded, control most of the businesses that sells caskets and granite for memorials. The rest of the death industry is made up of many modest businesses. Most of the 19,500 funeral homes in the country are small operations, often owned by the same families for generations. There are more than 120,000 cemeteries and many of these belong to families, nonprofits, and religious institutions.

via 247wallst.com

Here is al ist of the ten companies in the report.

Hillenbrand Inc-HI

Service Corporation International (SCI)

Walmart

Carriage Services Inc (CSV)

1-800 Flowers.com (FLWS)

Rock of Ages Corp(ROAC)

Stewart Enterprises(STEI)

Matthews International(MATW)

Amazon.com (AMZN)

Stone Mor Partners(Ston Mor)

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Aurora Casket Company Goes Outside The Casket Sale For the Sale|YourFuneralGuy

5 Apr
3d image of a casket

Funeral Industry Decline:Casket Companies going outside the casket sale for the sale.

Many large “Casket” companies in the Funeral Industry are going outside the “Casket Sale”  for the sale. Hillenbrand Inc the parent of Batesville Casket Company is the primary example well written about here.   This is even true of the privately held companies Like Aurora Casket Company- who is making  extra money through the sale of urns and support services.

If one does not make adjustments when your industry is dying, your business will die too. There is one problem with this thinking. Not everyone in the biz can sell urns, webcasting,  and consulting, and support services. All cannot profit from the same strategy no matter what the hype or who gives it.

First it was the rise in cremations. Now Bill Backman III and his clients at Aurora Casket Co. Inc. are competing with mass retailers like Wal-Mart, Costco and even Amazon.com for casket sales.

You would think trends like these would be difficult to deal with for the nation’s largest, privately held casket manufacturer, but it’s all about how you approach it.

Backman has embraced the climb in cremations and spun the big-box competition to its advantage by not only supplying a product but spotlighting the additional support services it and its clients offer.

via www.sbnonline.com

Funeral Industry|Funeral blog by R. Brian Burkhardt Your Funeral Guy

Disclaimer:Your Funeral Guy has no affiliation or fiduciary relationship relationship Aurora Casket Company. He does not recommend use of this company in Funeral Arrangements. He does not “NOT” recommend the use  of Aurora Casket Company. Funeral arrangements are a personal and important decision.

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