death care business
Multi-faceted conglomerate Hillenbrand Industries, parent of death care company Batesville, reported higher revenue year over year for their 1st Quarter which ended on December 31. Hillenbrand, as a whole, reported revenue for the quarter of $410 million which is 3% higher than one year ago. Hillenbrand’s Processed Equipment Group (PEG) reported revenue growth of 7%.…
Read MoreIn a brief update that you can read here, the United Kingdom’s largest funeral services provider issued a statement that says they expect profits to be higher than expected for 2018 due to higher than expected revenue while overhead has been kept lower than expected. Dignity plc also stated that their market share had remained…
Read MoreI recently read an article from the Post Register of Idaho Falls, Idaho that pertained to the Wood Funeral Home of Idaho Falls and Ammon, Idaho building a 4,000 square foot facility to cater to cremation choice families. You can read the article here. My original intent after looking at the article very briefly was…
Read MoreSubscription services have been around a long time. As a junior high student I can remember how Columbia House Records got their claws into you to be a customer. Remember, pick 10 albums for $2 and then subscribe to buy one per month – at the regular price – for the next 24 months? Columbia…
Read MoreCBC Marketplace News of Canada in an article and video footage that you can see here, last week alleged that Canadian funeral services provider Arbor Memorial made misleading statements to hidden camera reporters. The article maintains that it is a follow up to a 2017 hidden camera report which caused the Bereavement Authority of Ontario…
Read MoreLast week I shared some of the ways I had developed a budget that allowed me to produce maximum profits to the business even in years when our death numbers fell short of what we really wanted or expected. I talked on the revenue side of the budget and how discipline in planning can lead…
Read MorePark Lawn Corporation, the Canadian funeral home and cemetery acquisition firm, released its results for their 3rd Quarter of 2018 earlier this week. You can see their Press Release here. The fast-growing death care public company announced that their revenues increased on a year over year basis for the quarter by 92.9%. They reported revenue…
Read MoreSecurity National Financial Corporation, a member of the Funeral Director Daily Death Care Index (DCI) of public companies recorded 3rd quarter 2018 after-tax earnings of $2.014 million as compared to last year’s 3rd quarter profits of $1.097 million. You can read the company’s complete press release here. The company which operates in the Life Insurance,…
Read MoreIt’s November and it reminds me that for over 30 years this was the time that I put the plan together that led to growing profits in our funeral business. I’ve often been amazed that in many businesses, including funeral service, profits sometimes just happened for certain firms because they just did a number of…
Read MoreMany of us are pretty proud, and rightfully so, that we have helped families in our communities cope with the death of a loved one for over 100 years and maybe are into our 3rd, 4th, or 5th generation of family service. Funeral service is a noble profession and one that those of us who…
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