Finance

Batesville Casket 1Q 2017 financials down slightly
Finance

Batesville Casket 1Q 2017 financials down slightly

Hillenbrand announced earnings for the first quarter of fiscal 2017 (three months ended December 31, 2017).  The company’s Batesville casket business had a 2% decline in revenue and a 3% decline in EBIDTA (earnings before interest depreciation and amortization).  You can download the earnings slides here.   You can read the Seeking Alpha earnings call transcript here.   Batesville Casket revenue declined 2% top $135 million during the first quarter of 2017.  The decrease was due to lower burial sales.  CEO […]

Matthews Memorialization Flat in 1Q 2017
Finance

Matthews Memorialization Flat in 1Q 2017

Matthews International announced revenue for the first quarter of fiscal 2017 (3 months ended  December 31, 2016).   You can read the earnings release here and the Seeking Alpha earnings call transcript here.  Funeral Director Daily will focus on the performance of the company’s memorialization segment which produces headstones, caskets and urns. Memorialization sales declined by 1.3% to $146 million during the first quarter of fiscal 2017 as a decline in casket sales offset an increase in memorial products sales […]

StoneMor Partners L.P. Issues $20 million private placement
Finance

StoneMor Partners L.P. Issues $20 million private placement

TREVOSE, Pa., Jan. 03, 2017 (GLOBE NEWSWIRE) — StoneMor Partners L.P. (NYSE:STON) (“StoneMor” or the “Partnership”) today announced that on December 30, 2016, StoneMor GP Holdings LLC, the sole member and owner of the general partner of the Partnership, acquired 2,332,878 common units representing limited partner interests of the Partnership in a private placement for $20.0 million, or a twenty-day, volume-weighted average price of approximately $8.5731 per unit.  The proceeds were initially used to pay down borrowings under the Partnership’s […]

Carriage Services Acquires Rich & Thompson Funeral Services in North Carolina
Finance

Carriage Services Acquires Rich & Thompson Funeral Services in North Carolina

HOUSTON, Nov. 15, 2016  Carriage Services, Inc. (NYSE: CSV) is pleased to announce that we have partnered with Rich & Thompson Funeral Services in the Strategic Market of Raleigh/Durham/Greensboro in North Carolina.  Dating back to 1913, the Rich & Thompson name has been a prominent name in funeral service in both Burlington, NC and Graham, NC. At their current locations of Burlington, NC since 1935 and Graham, NC since 1957, the two businesses serve over 550 client families annually and have […]