Finance

InvoCare operating earnings decline
Finance

InvoCare operating earnings decline

InvoCare Limited, the largest public company in the death care space serving Australia, New Zealand, and Singapore reported half-year earnings which indicate that Operating Earnings after tax dropped 5.2% to AUS $22.3 million from last year’s AUS $23.6 million.  In somewhat of an interesting note, Net Profits increased 97% to AUS $41.4 million because of “Earnings on Pre-Paid Funeral Funds.”  You can read more about the report from InvoCare here. Sales revenue for InvoCare grew to AUS $ 241.5 million […]

Public company notes. . .StoneMor, Park Lawn
Finance

Public company notes. . .StoneMor, Park Lawn

We noticed a couple of articles in the news or opinion sections today about death care public companies StoneMor Partners and Park Lawn Corporation and just thought we would pass them on. StoneMor Partners to eliminate 340 positions.  This article points out that StoneMor Partners will be targeting 340 positions as it attempts to eliminate $30 million of annual costs in addition to the $20 million the article says it has already weeded out of operations.  We point out that […]

Park Lawn reports Q2 results
Finance

Park Lawn reports Q2 results

Park Lawn Corporation (PLC), the Toronto based consolidator and operator of funeral homes and cemeteries reported their financial results for the 2nd Quarter of 2019, the period that ended June 30, 2019, yesterday.  You can see a short synopsis of the results in this press release. Park Lawn’s CEO Andrew Clark is quoted in the release, “PLC delivered strong per share growth for our shareholders through solid operating results for the first half of 2019.  PLC continues the successful execution […]

StoneMor Partners report 2nd Qtr. . . Leaders seem confident
Finance

StoneMor Partners report 2nd Qtr. . . Leaders seem confident

United States funeral home and cemetery operator StoneMor Partners, L.P. reported financials for the 3 and 6 months ending on June 30, 2019, after the close of business yesterday.  The company, which is in a self-proclaimed “turnaround” continued to report lower revenue numbers and larger net losses than last year for the time period, but comments by the company’s leaders encourage optimism. You can read the report here.  Here are some of the highlights: Revenues for the 2nd Quarter were […]

Sales, profits drop at Matthews International
Finance

Sales, profits drop at Matthews International

Last week Matthews International, a multi-faceted United States public company based in Pittsburgh, Pennsylvania, reported 3rd Quarter results for their fiscal year which will end on September 30.  The 3rd Quarter results are for the period ended June 30 and you can read the Matthews press release about the financial report for the 3rd Quarter here. Of interest to those of us in the death care industry is that Matthews is the parent company of Matthews Cremation, Star Granite and […]

Carriage Services quarter sees revenue, profits up. . . trending upward
Finance

Carriage Services quarter sees revenue, profits up. . . trending upward

Three months ago the 1st Quarter report of 2019 for funeral home and cemetery operator Carriage Services caused concern for many of their stockholders.  In that quarter, same store revenue for funerals and profitability took a backward trend as did the number of atneed and preneed services conducted or contracted. That report led management to acknowledge that not all was perfect and they were going to be making some changes in the operational end of their business. Carriage Services reported […]

From the business world. . . . .
Finance

From the business world. . . . .

As we continue to move into the reports from Wall Street on how public companies have been doing for the first six months of 2019 we have a couple of items that we noticed in today’s news that we will present to you: Dignity PLC halts dividend:  The British funeral home conglomerate announced on Wednesday that they will be suspending payment of their dividend to stockholders.  You can read a story about it here.  As you know, about a year […]

SCI reports 2nd Qtr, mid-year results
Finance

SCI reports 2nd Qtr, mid-year results

Service Corporation International (SCI), the largest single entity seller of funeral and cremation services in the United States, reported their 2nd Quarter 2019 and mid-year 2019 financial results yesterday.  SCI has approximately 1500 funeral home, crematories, and cemeteries under its umbrella and is said to garner about 15-18% of the American death care dollar. Because of that largeness, their results can often be looked upon as trends of how the industry may be moving.  From our point of view at […]

BOOX Research rates SCI as “underperform”
Finance

BOOX Research rates SCI as “underperform”

BOOX Research provided an article to Seeking Alpha about Service Corporation International (SCI) that you can read here.  It’s important to note that this is only one article by one researcher, but their complex analysis ends up with a going forward rating on the public death care company of “Underperform”. The very first page of the ten-page report, complete with diagrams and graphs, states “While we think this is a good business with solid financials, we think much of the […]

Australia’s InvoCare makes another acquisition
Finance

Australia’s InvoCare makes another acquisition

It was announced last week that the largest provider of death care services in Australia and New Zealand would be making another acquisition. InvoCare announced last week that they would be purchasing Australian Heritage Funerals located in Toowoomba, Queensland.  According to an article and news video you can read and see here, the closing will be by the end of July. According to our information on InvoCare, they operate in Australia, New Zealand, and Singapore and have about 290 funeral […]