Finance

Park Lawn Corporation Revenue, EBITDA improves for 2Q and Fiscal half-year

By Funeral Director Daily / August 23, 2021 /

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…

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StoneMor Inc. partners with Empathy. . . .Reports 2nd Quarter financials

By Funeral Director Daily / August 19, 2021 /

StoneMor, 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…

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Hillenbrand revenue increases, Batesville division sales and EBITDA drop

By Funeral Director Daily / August 18, 2021 /

Hillenbrand 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…

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Foundation Partners enters Las Vegas market

By Funeral Director Daily / August 10, 2021 /

It 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…

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Matthews records record sales, casket sales drop off

By Funeral Director Daily / August 9, 2021 /

Matthews 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…

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Roosevelt Investments. . . our newest sponsor

By Funeral Director Daily / August 5, 2021 /
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As 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…

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Carriage Services reports 2Q. . Cemetery business is the highlite

By Funeral Director Daily / August 3, 2021 /

It’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…

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SCI sees 2Q 2021 Revenue per Service jump over $600 per case

By Funeral Director Daily / July 30, 2021 /

Earlier 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…

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An opinion from Seeking Alpha on Service Corporation International

By Funeral Director Daily / July 20, 2021 /

Yesterday, 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…

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Roosevelt Investments offers update on financial markets

By Funeral Director Daily / July 15, 2021 /
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Roosevelt 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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