Tag: cremation business

Catching up with Batesville and Assurant
Finance

Catching up with Batesville and Assurant

Hillenbrand Industries, parent company of Batesville Casket Company and Assurant, the financial services company that counts it Global Preneed business among its three divisions both reported financial results during early May and we now bring you those results. Batesville Casket, which represents about 20% of the total revenue of Hillenbrand Industries reported an increase of about 1% in revenue for their 2nd Quarter 2020 which encompassed the January 2020 thru March 2020 period.  According to their report, that you can […]

Is StoneMor bouncing back?
Finance

Is StoneMor bouncing back?

StoneMor, Inc., the Pennsylvania based funeral home and cemetery operator reported their First Quarter of 2020 results last week.  These results cover the period from January 1 to March 31, 2020.  You can see a summary of the report here. The company operates 319 cemeteries and 88 funeral homes in the United States and Puerto Rico.  In their latest earnings transcript they mentioned that 18% of their revenues come from the funeral home side and 82% of their revenues come […]

COVID-19 and funeral homes:  Where are we. . .where are we going
Business

COVID-19 and funeral homes: Where are we. . .where are we going

The other day I received a phone call from a national writer doing a story on how the COVID-19 pandemic is and will affect funeral homes now and into the future.  I shared some of my thoughts and I don’t know if that reporter will use them or not, but I thought I would recount my views and let the readers of Funeral Director Daily know my perspective. First of all, you all know that a lot is still up […]

Reuters says “U.S. funeral homes struggle to adapt”
Business

Reuters says “U.S. funeral homes struggle to adapt”

Reuters published an article yesterday that was picked up by the New York Times today.  It is headlined, “As coronavirus hits memorial services, U.S. funeral homes struggle to adapt”.  You can read the article here. The article picks up on the Seeking Alpha article that we made available to our readers yesterday bearing somewhat on the uncertainty of what is happening with the death rate amid the COVID-19 challenge.  The article makes specific references to funeral homes that are working […]

Outside the box. . or Vertical/Horizontal?
Business

Outside the box. . or Vertical/Horizontal?

Many people talk of taking their business “Outside the Box” to find new creative ways to generate more revenue and build their business enterprise.  I’m certainly no MBA guy in Business or Finance. . .  but, more or less I’ve been involved in business for about 50 years since I had my first paper route.  I don’t have a degree in any business related field, but I’ve owned about eight businesses, invested in others,  have chaired health care concerns with […]

New Year brings news of Foundation Partners adding to Tucson brands
Finance

New Year brings news of Foundation Partners adding to Tucson brands

In a press release from Foundation Partners Group (FPG) that is dated December 31, 2019, but not known by us until January 2, 2020, we have learned that the company has made an acquisition in Tucson, Arizona which includes the Adair Funeral Homes and Desert Sunset Funeral Home of that area. You can read the press release from FPG here. The press release states that the Adair Funeral Homes were founded in 1956 and at this time the third generation […]

Musgrove Family Mortuaries joins Foundation Partners Group
Finance

Musgrove Family Mortuaries joins Foundation Partners Group

We learned last week that one of the northwest United States premier funeral home families has decided to cast their lot with Foundation Partners Group (FPG).  Musgrove Family Mortuaries and Cemeteries, based in Eugene, Oregon, announced last week that they had been acquired by FPG.  You can see the press release from Foundation Partners Group here. Musgrove Mortuaries and Cemeteries history comes out of the Day and Henderson Funeral Home founded in 1883.  The Musgrove family gained ownership in 1973 […]

Don’t get discouraged
Business

Don’t get discouraged

I operated a small town funeral home for about 35 years.  Every year I completed budgets and put expectations on the number of death calls the firm would do as well as predicted our market share in the community.  I was tough with myself. . . .I had high expectations.  Fortunately, I operated in a growing community and over time was able to build considerable call numbers and market share.  We took a moment to celebrate and then went about […]

Security National reports 3Q and 9-month 2019 financials
Finance

Security National reports 3Q and 9-month 2019 financials

Security National Financial Corporation of Utah, a public company that has operations in both the mortuary and insurance businesses reported financial numbers for their 3rd Quarter of 2019 recently.  You can read their press release on that information here. 3rd Quarter Life Insurance revenues are up slightly to $29.8 million in 2019 from $28.9 million in 2018 during the same period.  They report, however, that their Cemetery/Mortuary revenue for the 3rd quarter is down in 2019 to $3.57 million from […]

Visiting non-compete agreements
Business

Visiting non-compete agreements

It’s been a few years since I’ve actively managed our funeral home, but this recent article from the Minneapolis Star Tribune brought me back to one of the issues that I dealt with in the hiring of employees.  That was the issue of non-compete agreements or covenants not to compete. Non-competes have historically been used in business as the article says, “to protect the trade secrets and innovations of companies.  For agreeing not to compete with them, an employer would […]