Page B4 January 2023 FUNERAL HOME & CEMETERY NEWS Se c t i on B 4hearse.com (800) 4-HEARSE Lease a New 2023 Hearse and get a FREE Funeral Caddy Memorial Carrier Buy a complete Funeral Van or Convert your own Vehicle Chill Baby Cool Daddy-o 2006 Superior Cadillac Statesman Hearse 2023 K2 Chevrolet Traverse CT Hearse 2011 Eagle Cadillac Echelon Hearse 2022 K2 Chrysler Pacifica Funeral Van Matthews International Reports Results for Fourth Quarter and Fiscal Year P I TTS BURGH , PA— Matthews International Corporation (NASDAQ GSM: MATW) announced financial results for the quarter and fiscal year ended September 30, 2022. In discussing the Company’s operating results, Joseph C. Bartolacci, President and Chief Executive Officer, stated: “I am pleased with our operating results for the fourth quarter and fiscal year. On a constant currency basis, fiscal 2022 fourth quarter sales were 9.5%, higher than a year ago. “For our Memorialization segment, we expect death rates to continue to normalize into fiscal 2023. We also expect the comparability challenges on unit volumes (primarily through the first three quarters of fiscal 2023) to be partially mitigated by recent pricing actions as well as growth in our cremationrelated sales.” Quarterly Dividend Increased Matthews also announced that its Board of Directors declared a dividend of $0.23 per share on the Company’s common stock, representing an increase to the Company’s quarterly dividend rate. Matthews International Corporation is a global provider of memorialization products, industrial technologies, and brand solutions. The Memorialization segment is a leading provider of memorialization products, including memorials, caskets, cremation-related products, and cremation and incineration equipment, primarily to cemetery and funeral home customers that help families move from grief to remembrance. The Company has approximately 12,000 employees in more than 30 countries on six continents that are committed to delivering the highest quality products and services. For more information, visit www.matw.com. imately 20 years and feel that our families are very well-served by them. With multiple scenes to choose from, we can find something that fits almost any family.” “My heart and soul have always had a soft spot for families and the funeral profession,” added Duey. “I look forward to renewing my many relationships in funeral service and helping funeral directors to grow their firms’ revenue and family satisfaction through the use of Reflections by Duey murals to personalize funeral services.” Formoreinformation,visit www.reflectionsbyduey.com or call Duey at 913-7072210. Continued from Page B1 Reflections by Duey Launched SASKATOON,SK— Cadence is empowering funeral homes to help families navigate the estate settlement process. The company provides a web-based app to simplify and streamline executor tasks after a death, thus elevating the aftercare offerings of funeral homes. A year after its initial launch in Canada, Cadence is proud to announce its availability to American funeral homes. The typical process of estate settlement can take up to 400 hours for the executor to complete. Founder and CEO Rachel Drew is someone who knows about this process firsthand. In 2014, she lost her mother after an arduous battle with cancer and shortly thereafter was tasked with being the executor of her mother’s estate. As many executors do, she found this process to be lengthy, difficult, and expensive. Drew started Cadence to combat this challenge. The aim was quickly validated: the company entered into competitive incubators, including the Google Cloud Accelerator Canada, and raised $1.2 million in its first round of investment. Cadence has optimized to save over 80% of time spent settling an estate. As funeral homes experience staff shortages, high burn-out rates, demands for personalized services, and fluctuating call volumes, Cadence’s aftercare service offers a valuable method of differentiation— one that supports increased revenue, reduced workloads for staff, and enhanced service quality for families. Pairing technology with real human support ensures that funeral homes can enhance their aftercare programs without breaching their scope of practice. The Cadence platform is easy for both funeral homes and executors to use, requiring nothing more than an invite email from the funeral director for the executor to get started. The platform culminates hundreds of hours of research into a straightforward roadmap, saving the families money and the already-overwhelmed funeral home staff many hours of assistance. For these reasons, funeral homes can nurture long-lasting and generationally-extending relationships with clients and their families, simply by offering the value-additive tool that is Cadence. Every person wants to know that their loved ones will be well taken care of upon their passing; Cadence allows funeral directors and managers to practically support bereaved families without adding to their workloads. Cadence increases the amount of qualified pre-need leads and referrals with families, and answers virtually all estate-settlement related questions. Funeral directors will never again have to tell their clients, “I don’t know” when it comes to providing aftercare. Interested in implementing Cadence into their funeral home’s service offering for clients? They can learn more and book a demo with a Cadence representative at www.cadencecares.io, or reach out via email at yourfriends@cadencecares.ca. Deathcare Tech Company, Cadence, is Simplifying the Estate Settlement Process Hillenbrand Announces Divestiture of Batesville BATESVILLE,IN— Hillenbrand, Inc. (NYSE: HI) announced that it has entered into a definitive agreement to sell its Batesville business segment to an affiliate of private equity firm, LongRange Capital, for $761.5 million, which includes an $11.5 million sub-note. This transaction is expected to close in the first calendar quarter of 2023, subject to regulatory approvals and other customary closing conditions. When completed, this divestiture, coupled with the strategic acquisitions of LINXIS Group, Herbold Meckesheim, Peerless Food Equipment, and Gabler Engineering in 2022, will mark a significant milestone in Hillenbrand’s transformation, establishing Hillenbrand as a global industrial leader in highly engineered, mission-critical processing solutions. With industry-leading brands in its Advanced Process Solutions (APS) and Molding Technology Solutions (MTS) segments, Hillenbrand is well-positioned to accelerate long-term growth in attractive end markets including plastics, food, and recycling, all of which are expected to benefit from secular macroeconomic growth trends. The transaction allows Hillenbrand and Batesville to maintain clear focus on their respective core industries, creating value for customers, shareholders, other stakeholders, and associates. Upon completion of Hillenbrand’s divestiture of its Batesville business, Hillenbrand and Batesville will both remain headquartered in Batesville, Indiana. “Completing our transformation into a pure-play industrial company allows Hillenbrand to concentrate our investments into our APS and MTS segments, where we see strong growth potential,” said Kim Ryan, President and Chief Executive Officer of Hillenbrand. “Batesville is a strong business with passionate associates who are committed to our customers and our mission of helping families honor the lives of those they love,” said Chris Trainor, President of Batesville. “We will remain focused on serving our customers and look forward to working with LongRange Capital as our partner, and with Hillenbrand to ensure a smooth transition for our associates.” To view the full release visit www.Hillenbrand.com.
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