Tag: cemeteries

Security National joins Russell 3000 and other Death Care News
Finance

Security National joins Russell 3000 and other Death Care News

Today’s afternoon edition of Funeral Director Daily brings you an update on death care public company Security National Financial Corporation (SNDC) and its inclusion into the Russell 3000 stock market index.  SNFC, which operates in the funeral, cemetery, cash assignment, and preneed portions of the death care industry was brought into the index as of Monday.  Here’s what SNFC President and Chairman of the Board Scott Quist had to say about the news,  “Security National has always strived to provide […]

Pennsylvania church apparently moves graves without permission
Cemetery

Pennsylvania church apparently moves graves without permission

I came across this article from the Echo Pilot of Greencastle, Pennsylvania, the other day.  To me, it is a somewhat disturbing article on a church cemetery, or what I’ll call an annex, with apparently only two burials in the annex.  The church also owns a main cemetery and apparently were moving two vaults from graves in the annex to the main cemetery without family approval.  Oddly enough, a relative of the people being moved came upon the scene as […]

Keeping the business flowing
Business Cemetery Products

Keeping the business flowing

I love the idea of “American ingenuity”.  To me it means the thought process that is developed to keep things moving ahead even when the system to do so has been upended.  And, around the world this Spring, the system has truly been upended with the advent of the COVID-19 situation. However, if you are a small business, you have to figure out a way to keep the cash rolling in so that you can pay the bills.  Many small […]

Park Lawn Corporation 1Q 2020:  Revenues increase 47.5%
Finance

Park Lawn Corporation 1Q 2020: Revenues increase 47.5%

Park Lawn Corporation (PLC), the Toronto based funeral and cemetery operator, issued a press release, that you can read here, on its First Quarter 2020 operations earlier this week.  Highlights from that press release seem to be that the company increased its revenues from CAN $50.15 million ( US$35.6 million) in 2019 to CAN $73.98 million (US$ 52.5 million) in 1Q 2020 — that’s an impressive increase of 47.5%. The company also showed an impressive gross margin or Gross Profit […]

Mathews 2Q 2020:  Improved pricing for caskets and memorial products. . . but, lower unit sales
Finance

Mathews 2Q 2020: Improved pricing for caskets and memorial products. . . but, lower unit sales

Last week Matthews International, a publicly traded company with a segment of its business in the death care realm reported 2nd Quarter 2020 results.  According to a press release you can read here, due to their international operations, the company believes their business units began experiencing the impacts of COVID-19 earlier in the quarter, initially in their Asian and European markets. As an entire company, Matthews reported a sales decline of 4.2% with sales in Q2 2020 of $374.8 million […]

Will this current challenge change funeral service
Business Products

Will this current challenge change funeral service

Unlike many of you who are a lot younger than I am, I no longer am responsible for working day after day and am no longer responsible for making the everyday decisions of businesses that I was in charge of in the past.  What that really means right now is that while I salute you for what you are doing in the workplace and for your community I am “sheltering in place” and basically watching the snow melt outside my […]

Carriage Services’ Mel Payne “We went big, we went bold, we went long term”
Finance

Carriage Services’ Mel Payne “We went big, we went bold, we went long term”

We reported back in February on Carriage Services’ 2019 4th Quarter and their 2019 year end report.  We told you at that time we would be listening for their Earnings Call and would eventually report on that as well.  You can access the entire earnings call from this web page.  Here are some interesting comments from Carriage Services executives that we bring to you: From William W. Goetz, the newly hired President and Chief Operating Officer of Carriage Services on […]

Human composting bill introduced in New York
Cemetery Regulations

Human composting bill introduced in New York

Last year the state of Washington became the first in the nation to legalize human disposition by human composting or recomposition, as it has been termed.  That law allows the process starting on May 1 of this year. Since that news broke we know of efforts in Colorado to move recomposition forward.  We also know of bills introduced into the legislature in California and now, according to this article, in New York. A prime sponsor of the New York legislation […]

TGIF – It’s been quite a week!!
Cemetery Cremation Products

TGIF – It’s been quite a week!!

Let’s see. . . Super Bowl, State of the Union Speech, Impeachment Vote, my Minnesota Twins got involved in a blockbuster baseball trade, and my Minnesota Gophers beat arch-rival Wisconsin in basketball. . . it’s been quite a week to keep everything straight.  To end it for my Funeral Director Daily readers I will not bore you with a long business related article. . . but, will just provide you with some links on death care information that has been […]

Cemetery upkeep, price changes, and use
Cemetery

Cemetery upkeep, price changes, and use

As we close out this Christmas week we thought we would share with you some information on cemeteries that we noticed in the news this week. Our first news story and video comes to us from New Orleans and deals with the Lafayette Cemetery Number 1, which is being closed to visitors for the next six months to do maintenance to the cemetery.  The cemetery features above ground graves and tombs and over the years the vast amount of concrete […]