Finance

From the investment community:  U.S. funeral costs, Australia funeral trends
Business Finance

From the investment community: U.S. funeral costs, Australia funeral trends

To roll into the weekend we thought we would give you some food for thought in the funeral industry from almost 10,000 miles apart.  Our articles today come from the investment community in both the United States and Australia.  Both are good, well thought out articles that deal with the world of death care in their own countries. I’ve always been one to look at these type of articles which deal with the funeral business on a large scale and […]

SCI reports 1Q 2020. . . news on Carriage Services, Matthews
Finance

SCI reports 1Q 2020. . . news on Carriage Services, Matthews

Yesterday funeral home and cemetery public company Service Corporation International (SCI) reported their financial results for the 1st Quarter of 2020.  The results were much anticipated because they are the first quarter where the “no large gatherings” rule had come into effect in funeral service.  To be candid, however, those rules only came into effect in the latter part of March and, therefore, represent only a small portion of the 2020 1st Quarter results. SCI reported positive results in this […]

Seeking Alpha:  Death care stocks to benefit from pent up demand
Finance

Seeking Alpha: Death care stocks to benefit from pent up demand

Seeking Alpha published an opinion piece from writer Malvin Spooner on Saturday, April 18, which theorized that death care public companies Service Corporation International (SCI) and Carriage Services (CSV) will benefit from what Spooner characterized as “pent up demand”.  You can read the full article here. Spooner says that “the death care industry stocks have sold off with the rest of the market, and although revenues from services are being squeezed by social distancing, it is likely that funeral services […]

StoneMor:  “We’re solvent enough. . .”
Business Finance

StoneMor: “We’re solvent enough. . .”

Most people in the death care profession know that StoneMor, Inc. has, for the last couple of years, been on what they term an “operational turnaround”.  The company, based just outside of Philadelphia, is said to be the second largest, next to Service Corporation International (SCI), death care company in North America.  The death care market is believed to be about $21 billion in annual revenues and StoneMor is believed to have about 1.5% of that market.  It is believed […]

Security National reports year end 2019
Finance

Security National reports year end 2019

Security National Financial Corporation (SNFC), the Utah public company that is partly rooted in the preneed funeral insurance and mortuary/cemetery business, recently reported its 2019 year end financial results.  You can read the company’s press release on the results here. The results do say, “For the twelve months ended December 31, 2019, SNFC’s after-tax earnings from operations decreased 49.8% from $21.6 million in 2018 to $10.8 million in 2019, on a 1.2% increase in revenues to over $283 million. However, […]

StoneMor reports Year End 2019 results, signs agreement
Finance

StoneMor reports Year End 2019 results, signs agreement

On April 2 StoneMor Inc., the cemetery and funeral home operator based in Trevose, Pennsylvania, reported their 2019 year end financial results.  StoneMor, who operates 90 funeral homes and 320 cemeteries in 27 states and Puerto Rico, is the 2nd largest funeral home/cemetery operator in North America by revenue. You can access the 2019 Year End financial press release here. For the full year StoneMor reports that their revenue dropped about 8% to $289.5 million from 2018’s $316.5 million.  The […]

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 […]