|Company's Full Name:||Hillenbrand Inc|
|Trading Ticker Symbol:||HI|
|Headquarter City/Country:||Indiana, IN|
|Primary Industry Sector:||Consumer Durables|
|Seconday Sub-sector:||Miscellaneous Manufacturing Industries|
|Main Business Areas:||Consumer Durables, Miscellaneous Manufacturing Industries, Manufacturing Industries, Industrials, Diversified Industrials|
|Dividend Payments:||Dividend History|
|Current Share Price:||$27.02|
|Previous Year's Closing Price:||$33.31|
|Percentage Price Change (YTD):||-18.88%|
|Market Cap:||$2.02 billion|
|52-week Price Range:||$26.01 - $46|
|Dividend Per Share:||$0.84|
Hillenbrand, Inc., incorporated on November 1, 2007, is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world. The Batesville segment operates in the North American death care industry.
Process Equipment Group
The Process Equipment Group segment is a provider of compounding, extrusion and material handling; size reduction; screening and separating, and flow control products and services for a range of manufacturing and other industrial processes. It offers equipment for industries, including plastics, processed food, chemicals, fertilizers, industrial minerals, mining, energy, wastewater treatment and forest products. It offers twin screw compounding and extrusion machines ranging from small laboratory compounding machines to extrusion systems. Small and mid-sized compounders are used by customers in engineering plastics, masterbatch, poly vinyl chloride (PVC) and other applications for the plastics, food, chemical and pharmaceutical industries. Its extrusion systems are sold to customers in the polyolefin industry for base resin production.
The Company's material handling equipment includes pneumatic conveying equipment for difficult-to-move materials; high-precision feeders that can operate at both high and low fill rates; blenders for pellets and powders, and rotary valves, diverter valves and slide-gate valves used for feeding, dosing, discharge and distribution during pneumatic conveying. Material handling equipment is sold to a range of industries, including plastics, processed food, chemicals and industrial minerals. The Company's compounding, extrusion and material handling equipment can be sold as a complete system, where application and process engineering is used to create a system solution for customers. Systems can range from a single manufacturing line to large-scale manufacturing lines and turnkey systems. The compounding, extrusion and material handling equipment are sold under the Coperion and Coperion K-Tron brands.
The Company's size reduction equipment is used to reduce the size of friable materials. Pennsylvania Crusher and Gundlach products are used to crush materials in the power generation, mining, quarrying, glass making, salt processing and fertilizer manufacturing industries. Jeffrey Rader products are used in industries, including forest products, pulp and paper, biomass power and energy generation, and plastics/base resin manufacturing. Jeffrey Rader also designs and provides material handling and pneumatic or mechanical conveying systems to meet product specifications, including boiler feed, resource recovery, rail and truck loading/unloading and recycling systems.
The Company's screening and separating equipment sorts dry, granular products based on the size of the particles being processed. This equipment is sold under the Rotex brand to customers of various industries, including proppants, fertilizers, chemicals, agricultural goods, plastics, and food processing. Its flow control solutions, such as pump solutions mainly consist of piston and piston diaphragm pump technology that transfer abrasive or corrosive fluids and fluids with a sludge or solids content for critical applications. This equipment is sold under the ABEL Pump Technology brand into the power generation, wastewater treatment, mining, general industry and marine markets. Its replacement parts and services are a component of the Process Equipment Group business. The parts and service division offers customers service consulting, training, maintenance and repairs, spare parts, and modernization.
The Company's Batesville segment is engaged in the manufacture and sale of funeral service products, including burial caskets, cremation caskets, containers and urns, selection room display fixtures, other personalization and memorialization products, and Web-based technology applications. Batesville provides products and services to customers under four solutions platforms: Burial Solutions, Cremation Options, Memorial Solutions and Technology Solution. It offers casket, from mass-produced gasketed casket, to a range of Dimensions oversized caskets, to casket personalization features, such as dual overlay interiors, LifeSymbols corners, LifeStories medallions and LifeView panels. Its Batesville's gasketed caskets are made of carbon steel, stainless steel, copper and bronze. Its Batesville also produces and markets a selection of non-gasketed steel caskets. Batesville solid and veneer hardwood caskets are made from a range of woods, which are offered in 10 species. Its Batesville also provides Marsellus solid wood caskets, as well as cloth-covered and all-wood construction caskets, which are also suitable for green burials.
The Company's Cremation Options business is focused on helping funeral professionals capitalize on the consumer trend to select cremation. Its Batesville offers training, merchandising, packaging support and a complete line of marketing support materials to educate funeral directors and consumers on product and service options. Batesville's memorial urns are made from various materials, including bronze, wood, acrylic, cloisonne, brass and marble. Batesville also offers a range of biodegradable and scattering urns. The Company's collection includes both Memorial Products and Product Personalization offerings. Batesville offers goods, such as remembrance jewelry, LifeSymbols corners, LifeStories display medallions and tribute panels, product engraving and cremation keepsakes.
The Company's technology solutions business is a provider of technology in the death care industry. As of September 30, 2016, it was the partner to approximately 4,500 funeral homes and cemeteries across North America. Batesville offers a suite of integrated technology products and services, including Weblink Websites, business management software and funeral arrangement planning software solutions. Batesville-branded caskets are marketed by a direct sales force only to licensed funeral professionals operating licensed funeral establishments throughout the United States, Puerto Rico, Canada, Mexico and Australia.
1 Batesville Blvd
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