Finance

Alleghany Capital completes Wilbert acquisition
Finance

Alleghany Capital completes Wilbert acquisition

Alleghany Capital Corporation of New York City, New York, announced on April 1, in a release you can read here from Yahoo finance, that it had completed its acquisition of the majority of stock of Wilbert Funeral Services, Inc. of Overland Park, Kansas. Wilbert, a name synonymous with the death care industry since its start in 1880, operates through company owned locations and a network of nearly 200 licensees that manufacture and distribute Wilbert branded products throughout the United States […]

Checking up on the DCI — down about 34% year to date
Finance

Checking up on the DCI — down about 34% year to date

It’s been a while since Funeral Director Daily has updated its proprietary Death Care Index or DCI.  While not a scientific weighting of public company death care stocks it does give some semblance to what the investment community is thinking about the funeral, cemetery, crematory, and preneed services business community and the direction that they are heading. The DCI is comprised of eight public companies and its value is derived at by looking at what the total aggregate value of […]

Park Lawn reports 2019 results, Brad Green named Interim CEO
Finance

Park Lawn reports 2019 results, Brad Green named Interim CEO

Park Lawn Corporation (PLC), the Toronto based funeral home and cemetery consolidator and operator, reported their 2019 financial results on Monday after trading hours.  The company showed mixed results by increasing their revenue by 51% to $244 million (all dollar numbers are in Canadian dollars unless otherwise indicated) but only generating an additional 2.3% in Net Earnings for the year. You can see a press release on PLC’s 2019 results here.  You can access their complete 2019 Financial Report here. […]

Hillrom leading the charge against COVID-19
Finance Products

Hillrom leading the charge against COVID-19

On Friday, or maybe it was Saturday, I was watching President’s Trump daily briefing on the coronavirus pandemic and my ears picked up when I heard him him mention some of the companies that were leading the charge against the virus.  One of the companies he mentioned was Hillrom. If you have been around funeral service as long as I have you know that name and you know the history.  I thought today might be a good day for a […]

StoneMor bucks the system
Finance

StoneMor bucks the system

Those of us who have watched the markets over the last few weeks have seen a deterioration in the value of our private investment portfolios.  What has happened in the broader market is also indicative of what has happened in the death care industry with the exception of StoneMor, Inc. and its stock and valuation. StoneMor, based out of Trevose, Pennsylvania, operates approximately 320 cemeteries and 88 funeral homes in 27 states and Puerto Rico.  It is no secret that […]

Park Lawn moves cemetery projects forward
Cemetery Finance

Park Lawn moves cemetery projects forward

Earlier in March Park Lawn Corporation, the Toronto based funeral home and cemetery consolidator and operator, announced that it was updating their progress on a couple of large projects. The company announced that construction of an on-site funeral visitation and reception center at the Westminster Cemetery in Toronto was under way. The structure will be a 32,100 square foot facility and will be the company’s first on-site cemetery visitation center in Canada.    The press release which you can read […]

Carriage Services’ Mel Payne “We went big, we went bold, we went long term”
Finance

Carriage Services’ Mel Payne “We went big, we went bold, we went long term”

We reported back in February on Carriage Services’ 2019 4th Quarter and their 2019 year end report.  We told you at that time we would be listening for their Earnings Call and would eventually report on that as well.  You can access the entire earnings call from this web page.  Here are some interesting comments from Carriage Services executives that we bring to you: From William W. Goetz, the newly hired President and Chief Operating Officer of Carriage Services on […]

Seeking Alpha on the Coronavirus and SCI
Finance

Seeking Alpha on the Coronavirus and SCI

Yesterday I received an opinion article from Seeking Alpha entitled, “The Cornovirus’ Potential Impact on Service Corporation International’s Stock Price”.  I will say that I do not have a personal opinion on this article but make it available simply because it is a public article on the virus and its potential impact on funeral services, at least according to one writer. You can read the article here.  

InvoCare delivers “Solid Profit” in 2019
Finance

InvoCare delivers “Solid Profit” in 2019

The headline from a Motley Fool piece that you can read here states, “InvoCare delivers solid profit and dividend growth in FY2019”.  Australia’s largest funeral and cremation provider recorded revenue growth of 4% for the year which led to a 19.6% increase in after tax operating earnings. For the year, InvoCare brought in revenue of AUS $ 500.35 million (US $329.17 million) and recorded after tax net profits of AUS 63.75 million (US$41.94 million). The article mentioned that the gains […]