Finance

Carriage Services reports 4th Quarter and Year End 2019
Finance

Carriage Services reports 4th Quarter and Year End 2019

  Last week funeral service and cemetery consolidator and operator Carriage Services, based in Houston, Texas, reported 4th Quarter and Year End results for 2019.  They also provided commentary on how they believe that the company will move in the next three years.  I will provide some factual information in this report but also my opinions.  Please note I am not a stockholder in Carriage Services at this time. You can access their February 19 press release related to earnings […]

Park Lawn CEO Andrew Clark announces departure
Finance

Park Lawn CEO Andrew Clark announces departure

Members of the death care media were informed yesterday via press release that the CEO and Chairman of Toronto based Park Lawn Corporation (PLC), Andrew Clark, would be stepping down as Chairman and CEO of the company.  You can read the press release here. The release quoted Clark as saying, “It has been a tremendous privilege to lead PLC and build a strong and highly capable management team over the last eight years.  I am grateful to have led a […]

SCI reports 4th Qtr and Year End numbers
Finance

SCI reports 4th Qtr and Year End numbers

Even though yesterday was the President’s Day holiday and the markets were closed across America, Service Corporation International took the opportunity to report their financial numbers for the 4th Quarter of 2019 and also for the Year End 2019.  We will just report some of the numbers today and after we have a chance to digest the company’s conference call with brokers we will add more commentary. Here is a report from SCI on 4Q 2019 and Year End 2019. […]

Propel Funeral Partners growing market share
Finance

Propel Funeral Partners growing market share

This article from Yahoo Finance indicates that Australian and New Zealand public funeral operating company Propel Funeral Partners is growing market share.  According to the article it is growing both from acquisitions and an annual death rate increase in both countries. Here is an excerpt from that article: “In Propel’s FY19 investor presentation, the company drew attention to notable industry figures. With death volumes in Australia expected to increase by a rate of 2.4% p.a. until 2026 and 2.1% thereafter […]

Park Lawn Corporation completes acquisition
Finance

Park Lawn Corporation completes acquisition

Last Friday the Park Lawn Corporation, headquartered in Toronto, issued this press release which confirms that they have completed an  acquisition announced earlier in the year.  The press release tells of the completion of the Nashville, Tennessee area acquisition which includes Family Legacy, LLC, a business with 12 locations.  The acquisition also includes the membership units of WG-TN, LLC. The press release also indicates that the closing excludes one stand-alone funeral home that Park lawn Corporation had intended to purchase […]

Public funeral home companies and 2019
Finance

Public funeral home companies and 2019

I will preface this article to say that it is being written on Friday, January 10.  Because of that all prices quoted come from the end of the day on Thursday, January 9.  I will also say I am not a stock security analyst and all opinions are mine alone.  Finally, I do own stock positions in Service Corporation International and Park Lawn Corporation. With that said, I thought it might be fun to compare what these public funeral home […]

New Year brings news of Foundation Partners adding to Tucson brands
Finance

New Year brings news of Foundation Partners adding to Tucson brands

In a press release from Foundation Partners Group (FPG) that is dated December 31, 2019, but not known by us until January 2, 2020, we have learned that the company has made an acquisition in Tucson, Arizona which includes the Adair Funeral Homes and Desert Sunset Funeral Home of that area. You can read the press release from FPG here. The press release states that the Adair Funeral Homes were founded in 1956 and at this time the third generation […]

Park Lawn rings in the new year with acquisition
Finance

Park Lawn rings in the new year with acquisition

Toronto based funeral home and cemetery operator Park Lawn Corporation (PLC) announced in a press release on January 2, 2020, that they had acquired two businesses under common control in Tennessee.  In this release PLC announced that they had purchased the stock and membership interests of Family Legacy, LLC and WG-TN, LLC (Harpeth Hills Funeral Home and Cemetery) from William Gregory. Both firms are located in the Greater Nashville, Tennessee area and, according to the release, “expand PLC’s strategic footprint […]

Service Corp purchases Louisiana based properties
Finance

Service Corp purchases Louisiana based properties

At least one source has indicated in a news story that Houston based Service Corporation International (SCI) has purchased historical family funeral business properties in Baton Rouge, Louisiana.  The Greater Baton Rouge Business Report reported yesterday in this article that SCI has, at a minimum, purchased the property of the Rabenhorst Funeral Home in Baton Rouge. According to the Rabenhorst web-site that you can access here, the funeral business has two locations – Rabenhorst Downtown and Rabenhorst East.  According to […]

Musgrove Family Mortuaries joins Foundation Partners Group
Finance

Musgrove Family Mortuaries joins Foundation Partners Group

We learned last week that one of the northwest United States premier funeral home families has decided to cast their lot with Foundation Partners Group (FPG).  Musgrove Family Mortuaries and Cemeteries, based in Eugene, Oregon, announced last week that they had been acquired by FPG.  You can see the press release from Foundation Partners Group here. Musgrove Mortuaries and Cemeteries history comes out of the Day and Henderson Funeral Home founded in 1883.  The Musgrove family gained ownership in 1973 […]