Finance

Matthews reports 1Q 2024 — Sales flat, EBITDA and Profit declines

By Funeral Director Daily / February 5, 2024 /

    Matthews International, the conglomerate company with their largest portion of sales in Death Care, or what they call their Memorialization Segment, reported gross sales for their First Fiscal Quarter (October thru December 2023) of 2024 coming in at $450 million as compared to $449.2 million for the same period one year ago.  …

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Recent articles on Death Care public stocks

By Funeral Director Daily / January 22, 2024 /

    It seems that many of our readers are interested in how the public companies around the world that deal in the Death Care businesses are doing. . . .And, it also appears that they crave any information that they can find on these companies.   Since there are not too many of these…

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Propel Funeral Partners adds three more locations

By Funeral Director Daily / January 11, 2024 /

    When funeral home, cremation, and cemetery company InvoCare was taken private last year by private equity firm TPG Global it pushed Propel Funeral Partners Limited to be what we believe is the largest publicly-owned death care provider in Australia and New Zealand.  And, Propel Funeral Partners is not standing still as this article…

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Investors prove wary of traditional funeral home stocks in 2023

By Funeral Director Daily / January 8, 2024 /

    In a year when the “Magnificent Seven” technology stocks led a robust rebound in the technology heavy NASDAQ stock index it appears that investors in traditional funeral home and cemetery public companies looked on with a wary eye as to how those companies would fare moving into the next stage of death care…

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Everstory Partners, Park Lawn Corporation close transaction

By Funeral Director Daily / December 27, 2023 /

    We learned last week that a transaction announced in October 2023 had been closed prior to the New Year.  The transaction that you can read about in this press release from Park Lawn Corporation included the sale of 72 cemeteries and 11 funeral homes, and one crematory from Park Lawn Corporation to Everystory…

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Seeking Alpha publishes mutltiple articles on Park Lawn Corporation

By Funeral Director Daily / December 21, 2023 /

  Earlier this week I mentioned in an article that I believe that 2024 could see major merger and acquisition moves in the Death Care space.  First of all, I opined that there is a lot of private equity dollars sitting on the sidelines and I coupled that with the fact that I seem to…

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Will 2024 be a year of “Mergers and Acquisitions”?

By Funeral Director Daily / December 18, 2023 /

  I think it is fair to say that overall investors have been wary of the inflationary environment and rising interest rates over the last couple of years.  However, one side benefit to that wariness may be, according to this article from Marketwatch, that “capital waiting to be deployed” in the private equity market has…

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Seeking Alpha writer says “SCI provides a buying opportunity”

By Funeral Director Daily / December 13, 2023 /

  This article from Seeking Alpha suggests that the largest funeral home and cemetery operator in North America, Service Corporation International (SCI) is a buying opportunity for investors.  To that end, the article makes these points: “Historically, SCI has delivered very strong financial performance and shareholder returns.” “. . .growth has been fueled by a…

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Seeking Alpha author suggests that Matthews Memorialization Segment could be “spun off”

By Funeral Director Daily / December 8, 2023 /

      It’s Friday and going into the weekend it’s always nice to have something to think about. . . . How about this for today. .   This article from Seeking Alpha looks at the past fiscal year for Matthews International and uses that information as well as what they gleaned from the…

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Have investors lost faith in Death Care?

By Funeral Director Daily / December 4, 2023 /

  If you are an investor — and with IRA’s and 401K plans virtually everyone is in today’s world — the month of November 2023 gave you reason for optimism.   After a couple of sluggish years of investor equity growth there now seems to be a light at the end of the tunnel with…

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