Carriage Services

Park Lawn Corporation sees “significant growth in revenue, net earnings”

By Funeral Director Daily / April 1, 2021 /

Park Lawn Corporation reported their 2020 4th Quarter and Year End financial numbers earlier this week and the press release, which you can read here, states “. . . PLC finished 2020 with a powerful performance in Q4, which included achieving significant growth in revenue, net earnings, Adjusted Net Earnings, Adjusted EBITDA, and Adjusted EBITA…

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Checking in on the DCI. . . up over 10% year to date

By Funeral Director Daily / March 12, 2021 /

The last time we checked in on Funeral Director Daily’s proprietary Death Care Index (DCI) was in this article from January 4, 2021.  At that time we noted that the stock index of companies in the death care realm had a total return (capital appreciation plus dividend) of about 6.85% for the calendar year of…

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Moodys upgrades Carriage Services. . . . can you find savings in financing?

By Funeral Director Daily / February 26, 2021 /

Upon the heels of a very profitable quarter and yearly report of funeral and cemetery consolidator Carriage Services, Moody’s Investor Services last week raised the credit rating of the company as you can see in this article here.  A better credit rating should drive down borrowing costs for Carriage Services and, according to the Year…

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Carriage Services reports 2020 year. . . shows the trends

By Funeral Director Daily / February 23, 2021 /

In a press release that you can read here you can find out that Houston, Texas, based funeral home and cemetery consolidator Carriage Services recorded record results not only for the 4th Quarter of 2020 but for the full year of 2020 as well.  Not only did Carriage Services record these record financial results, they…

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MarketBeat comments on Carriage Services stock

By Funeral Director Daily / January 11, 2021 /

In a report from last week, MarketBeat made comments about the stock of Carriage Services.  You can read the article here where MarketBeat states that one analyst rates Carriage Services a “Sell”, one analyst reports Carriage Services a “Hold”, and three analysts rate the company a “Buy”. The report also points out, over the past…

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2020: A look back at the public companies

By Funeral Director Daily / January 7, 2021 /

There are a lot of reasons that people may look to get the year 2020 in their rearview mirror.  However, when you look individually at the performance of the public companies in the death care realm for the calendar year, my guess is that almost all of them would be happy to repeat the year’s…

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DCI rebounds. . . .Total return almost 7%

By Funeral Director Daily / January 4, 2021 /

I was very fortunate as a youngster because I was schooled on investments and the market by my father.  Giving me, what is now termed “financial literacy”, is one of the greatest gifts I have ever received.  As a matter of fact, as a board member of a Big Ten institution, I have pushed our…

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Death Care Index still lags the market

By Funeral Director Daily / December 3, 2020 /

We checked into Funeral Director Daily’s proprietary Death Care Index (DCI) after the markets closed on Monday, the last day of November.  That check-in allowed us to take a look at the eight stocks that make up the DCI and see where they were individually and as a group and how that group compared to…

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Carriage Services posts record 3Q revenue and EBITDA

By Funeral Director Daily / October 30, 2020 /

Earlier this week funeral home and cemetery consolidator Carriage Services, based in Houston, Texas, produced their 3rd Quarter 2020 report and in it they recognized the quarter as record breaking for revenue and EBITDA.  According to Chairman and CEO Mel Payne the company blew through milestones which they did not expect to reach until sometime…

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Is the Demographer the most important person in the corporate funeral office complex

By Funeral Director Daily / August 18, 2020 /

I was talking to a colleague about a recent funeral home acquisition and asking what he thought of the transaction.  His comment startled me in that he said, “I hope they didn’t pay too much because no one dies in that community anymore.”  His implication was that the community we were discussing has became known…

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