casket sales

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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Is Jessica Mitford’s “The American Way of Death” still relevant

By Funeral Director Daily / January 23, 2024 /

    2023 marked the 60th anniversary of Jessica Mitford’s book related to the customs of American funerals, “The American Way of Death“.  If you are much younger than I am you probably don’t even remember it or have never heard of the book.   It is my opinion that funeral directors and funeral homes…

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2023 Death Care story of the Year: Batesville Casket sold

By Funeral Director Daily / January 9, 2024 /

      In any given year there is a lot that happens in any industry or profession.  And, there was a lot that happened in death care in 2023 such as the continuing Federal Trade Commission continuing to look into and holding hearings on the status of “The Funeral Rule”.  Or, on the more…

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Matthews 2Q 2023 Report: Memorialization sales slightly rise

By Funeral Director Daily / May 3, 2023 /

    Mathews International’s sales rose about 7.8% year over year for their 2nd Quarter of 2023 as compared to the same quarter of 2022.  Matthews is on a fiscal year so their 2nd Quarter comprises the months of January, February, and March.  Most of the sales increase occured in Matthews Industrial Technologies segment.  …

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Titan Casket appears on CBS Sunday Morning

By Funeral Director Daily / April 27, 2023 /

    I’ve been maligned and others in the profession have told me I am wrong when I say the funeral directors and funeral home owners can be “Entrepreneurial”.   Several people have dropped me notes or emails that tell me I am “dead wrong” and death care is a business that is not entrepreneurial, but…

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Victoriaville & Co. expands to Ohio. . . .our casket math

By Funeral Director Daily / February 3, 2023 /

    Victoriaville & Co., the Canadian based company that provides death care merchandise on three continents, announced in this press release a 67,000 square foot manufacturing facility in Cleveland, Ohio.  According to Alain Dumont, President and CEO of Victoriaville & Co., “This manufacturing addition to our existing capacity has become necessary in order to…

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Matthews International reports Fiscal Year Q1 . . . increases total revenue, but Memorialization sales fall

By Funeral Director Daily / February 1, 2023 /

  Public company Matthews International, with a stake in the death care business, reported their Fiscal Year 2023 First Quarter last week and in doing so reported a company-wide quarter over quarter sales revenue increase of about 2.4%.  The entire revenue increase, however, comes from their much heralded investment in the energy storage solutions business.…

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Commander Initiative announces partnership with Titan Caskets

By Funeral Director Daily / July 29, 2022 /

At least in my area the idea of consumers purchasing caskets either online or in person from Costco and WalMart does not seem to have caught on.  I think one of the reasons why is that area funeral homes have not warmed to that idea and don’t like the competition from those large retailers. However,…

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Titan Casket secures funding round

By Funeral Director Daily / June 13, 2022 /

According to this release from BusinessWire direct-to-consumer company Titan Casket has secured $3.5 million in seed funding to expand its operations in the United States.  The round of funding was led by Reformation Partners. The release continues as it says, “As Titan continues to expand its product and service categories with the addition of eco-friendly…

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Matthews reports Jan thru March quarter. . . Revenues up, Operating Profits down

By Funeral Director Daily / May 4, 2022 /

Matthews International, an international conglomerate which serves the death care industry with memorial products, reported their January through March 2022 financial numbers last week.  Because they choose to report on a Fiscal Year that begins on October 1 each year, this report is considered their 2022 2nd Quarter Report.  You can access a copy of…

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