Finance
Park Lawn Corporation, the Toronto, Ontario based funeral home and cemetery consolidator and operator announced 2nd Quarter financial results earlier this month. For the company, revenue increased 8.5% to $88.4 million (US $68.9 m) from last year’s 2nd Quarter revenues of $81.5 million (US $63.59 m). Adjusted EBITDA increased for the same time period to…
Read MoreStoneMor, Inc. the Pennsylvania based operator of cemeteries and funeral homes last week announced a partnership with end-of-life technology support start-up Empathy. Empathy is, as they say, powered by technology and driven by purpose in helping grieving families handle countless tasks following the death of a loved one. The company describes itself as “a service…
Read MoreHillenbrand Industries, parent company of Batesville, reported their Fiscal Year 3rd Quarter earlier this month. Their FY 2021 3Q comprises the April, May, and June 2021 business period. You can see the complete report here. Here’s what CEO Joe Raver said about the quarter, “We had another strong quarter of performance with exceptional cash generation…
Read MoreIt was announced in this press release that Foundation Partners Group, the Orlando, Florida, based funeral home and cemetery consolidator and operator, has acquired Kraft Sussman Funeral & Cremation Services of Las Vegas, Nevada. The press release notes that this is Foundation Partners Group’s (FPG) first acquisition in Nevada. . . .the state with America’s…
Read MoreMatthews International reported their 3rd Quarter 2021 sales recently and in doing so reported a record revenue for their 3rd Quarter (April-June) of $428.4 million, which is a 19.2% increase over the same period of 2020. As you may know, Matthews International has three business segments, one of which is their Memorialization segment. The Memorialization…
Read MoreAs we move into August 2021, Funeral Director Daily wants to welcome Roosevelt Investments as our newest sponsor. Our sponsors help finance our technology, security, and delivery system which allows for readers to receive Funeral Director Daily at no charge. Roosevelt Investments is a full service New York City investment firm whose roots date back…
Read MoreIt’s quarterly reporting time in the public business realm and the companies in the death care sector are no different than others with that requirement. Last week we reported Service Corporation International’s (SCI) results and today we bring you highlights of Houston, Texas based operator, Carriage Services. You can access the Carriage Services 2nd Quarter…
Read MoreEarlier this week the largest funeral home and cemetery operator in North America, Service Corporation International (SCI), revealed their results for the 2nd Quarter of 2021. It was a much anticipated report as it would mark a comparison with the 2nd Quarter of 2020 when the Covid-19 pandemic was flourishing and funeral homes and cemeteries…
Read MoreYesterday, July 19, Seeking Alpha published a pretty in-depth investment article from Livingston Investments on funeral home and cemetery operator Service Corporation International. The article is entitled, “Service Corporation International: Crisis reslient business with a premium to fair price”. You can access the article here. There was a couple of statements in the article that…
Read MoreRoosevelt Investments, a boutique wealth management firm located in Midtown Manhattan with 50 years of experience providing comprehensive financial planning and asset management services to cemeteries, funeral homes, and their owners, offers a free webinar on Monday, July 19th. The webinar is entitled “Update on Financial Markets – Midyear Check-In: Navigating an Early Cycle Economy”. …
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