Tag: death care companies

Death Care investments have been good in 2019
Finance

Death Care investments have been good in 2019

Funeral Director Daily tracks its proprietary Death Care Index or DCI periodically.  The DCI is a group of eight publicly traded company stocks that each have some skin in the death care industry or profession.  They range from companies involved in death care services to companies who manufacture things like crematories, to companies involved in the sale of preneed funeral insurance. The eight companies that compose the DCI include Service Corporation International (SCI), Carriage Services, Park Lawn Corporation, Hillenbrand Industries, […]

StoneMor Partners announces recapitalization transactions and strategies
Finance

StoneMor Partners announces recapitalization transactions and strategies

If you follow the death care industry you would know that it is no secret that the long-term viability of StoneMor Partners has been in question.  Since 2016 their publicly traded stock has dropped from over $25 per share to a low last week of $1.44 per share.  In 2017 and 2018 alone the company lost over $75 million in operating income and revenues have dropped from about $338 million in 2017 to $316 million in 2018.  In addition, the […]

StoneMor Partners files 2018 3Q Financials
Finance

StoneMor Partners files 2018 3Q Financials

Last week, just a few days after filing their 2Q 2018 financial report StoneMor Partners issued a press release that you can read here pertaining to their 3rd Quarter 2018 performance. The company continued to report a net loss as they reported a loss of $17.2 million for the quarter and a year to date (9-month) loss of $52.2 million.  These numbers represented a widening loss over 2017 year over year results and according to the press release “The increased […]

Carriage Executives on 3Q Results. . . CEO Payne hints at divestiture of some units
Finance

Carriage Executives on 3Q Results. . . CEO Payne hints at divestiture of some units

Last week death care public company Carriage Services reported 3rd quarter 2018 financial results.  It was the 3rd consecutive quarter that the company had came in with a report that was less than what analysts had expected. If you read the earnings report and the subsequent Call with Analysts that you can read in its entirety here, you will get the feeling that management of Carriage was not happy and are planning to roll up their sleeves and get to […]

Park Lawn adds North Carolina Funeral Home
Business

Park Lawn adds North Carolina Funeral Home

According to this article from the Haywood County Mountaineer, the Wells Funeral Homes and Cremation Services of Canton and Waynesville, North Carolina, have been acquired by Park Lawn Corporation. The article states that Wells Greeley, President and owner of the funeral business, has announced a succession plan that includes partnering with Toronto based Park Lawn Corporation.  Greeley goes on to say that there will be no staff changes and business will go on as usual and his son-in-law, Ryan Jacobson, […]

Carriage Services Announces Acquisition
Uncategorized

Carriage Services Announces Acquisition

Earlier this week public funeral home consolidator and operating company Carriage Services announced the acquisition of the Presley Funeral Home in Cookeville, Tennessee.  You can see the company press release here. According to the release, Presley Funeral Home owner Bryant Presley will continue employment as the Managing Partner of the firm.  Presley said, “My family and I are very excited and very much look forward to our partnership with Carriage Services so that we can keep growing Presley Funeral Home […]

Park Lawn Corporation Reports 2Q 2018
Finance

Park Lawn Corporation Reports 2Q 2018

Canadian public company Park Lawn Corporation announced their 2nd quarter financial results this week.  You can see the company’s press release here.  According to the company, “The results show solid operating performance across the majority of the business, particularly in the CMS Mid-Atlantic and Saber business segments of the company. Here are some of the highlights of the report: Revenue (including acquisitions)  increased 100% from the 2nd quarter of 2017 to $ 40.3 million as compared to lat year’s $20.1 […]

Inside the Numbers at Matthews International
Finance

Inside the Numbers at Matthews International

Matthews International reported its 2018 fiscal year 3rd quarter results last week.  You can read the company’s press release and report here. As you may know the Pittsburgh, Pennsylvania based public company operates in three segments:  Brand Solutions, Industrial Technologies, and Memorialization.  Their Memorialization segment is what we are concerned with in the death care industry and they are leaders in cremation technology and supplies, granite and bronze sales, and casket sales thru their Aurora Casket business. Overall, the company […]

Matthews International Reports Good, but Mixed Results
Finance

Matthews International Reports Good, but Mixed Results

Matthews International, a death care conglomerate with operations in crematory equipment, bronze memorialization products, and caskets, reported their 3rd Quarter 2018 fiscal year results yesterday.  You can read their press release here. Their report can be summed up by increased total sales – albeit not to the extent that they had predicted, but a beat on the earnings as the consensus of analysts expected earnings of $1.14 per share and Matthews delivered earnings of $1.16 per share. As the company […]

Service Corporation adds Board Members
Finance

Service Corporation adds Board Members

Last week Houston based funeral home conglomerate Service Corporation International (SCI) added two new members to its board of directors.  A press release from SCI that you can read here announces the appointments of Jakki L. Haussler and Sara Martinez Tucker as the new members. According to the release, SCI CEO Tom Ryan stated that the backgrounds and leadership experience of the two will make an important and positive impact on the company. Haussler was the co-founder of Opus Capital […]