Hillenbrand profit rises; split-up still considered

February 6, 2007

Hillenbrand Industries Inc. posted $51.9 million in profit in its first fiscal quarter, up 7 percent from a year earlier. Revenue for the quarter ended Dec. 31 rose slightly to $483.2 million.

The Batesville company said it is still considering separating the company's health-care and funeral services business into two companies. Its largest shareholder, Franklin Mutual Advisers LLC, is pushing for spinning off its profitable Batesville Casket Co.

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