Tag: death care

Batesville reports that 4th Qtr sales are flat
Finance

Batesville reports that 4th Qtr sales are flat

Hillenbrand Industries, parent company of Batesville Casket company reported earlier this week that Batesville’s fiscal 4th Quarter sales (July, August, September) were essentially flat from the prior year.  You can see Hillenbrand’s 4th Quarter and Year End report here. Hillenbrand Industries reported quarterly revenue of $486 million — an increase over 4Q 2018 of 2%.  They also reported that the growth was spurred by an increase of 3% in their Process Equipment Group while Batesville  revenue was “essentially flat”.  Of […]

Acquisitions keep on rolling around the world
Finance

Acquisitions keep on rolling around the world

There are a lot of reasons that businesses, including funeral homes, change operational and ownership hands.  Sometimes a single proprietor gets a price that he just can’t turn down.  Sometimes a single proprietor just wants to retire and either has no family to go into the business or family that wants to pursue other goals and ambitions. Sometimes the transaction is spurred by the acquiring company that wants to get larger and has ideas where, through operational efficiencies and promotion,  […]

Whose casket is it?
Cemetery

Whose casket is it?

The other day we came across this unusual article in the Voldosta Today News.  The story revolves around the private mausoleum of the E.D. Rivers, Jr. family. E.D. (Eurith Dickinson) Rivers, Jr. was the 68th Governor of Georgia and served from 1937 to 1941.  According to the above referenced article, he and his wife Mattie Lucile Lashley Rivers were entombed above ground in a private family mausoleum within the City Cemetery in Lakeland, Georgia. Again, according to the article, members […]

StoneMor Partners reports 3rd Quarter
Finance

StoneMor Partners reports 3rd Quarter

StoneMor Partners L.P. reported their 3rd Quarter and 9-month 2019 numbers last week and with it showed significant progress in their attempt at a transformational turnaround of the company.  In brief, StoneMor reported that revenues are stabilizing, that they are cutting recurring expenses, and that they have made progress on a divestiture process that will, more than likely, make their company smaller and more focused. You can see a copy of the report here. From the operations side of the […]

The Greening of cremation
Cremation

The Greening of cremation

National Geographic magazine published an article the other day that you can read here.  It was published in their “Environment and Conservation” sector and is entitled, “The environmental toll of cremating the dead“. The article makes the statement that 78% of Brits are now cremated and in America, we have surpassed the number of burials with cremations.  National Geographic points out and surmises that much of this cremation popularity is because it is seen as a “more environmentally friendly” option […]

Annual budgeting. . .bringing in the revenue
Business

Annual budgeting. . .bringing in the revenue

Yesterday we started the talk of annual budgeting for a funeral home by looking at what are the expectations for overhead, profit, and a savings plan in that budget.  You can see yesterday’s article here.  Today, we will try to explain how we set the revenue parameters to make sure that we have a great chance to cover that budget — even if we under perform on the number of services we will do. To understand how I set our […]

It’s November. . . have you set your budget for the new year
Business

It’s November. . . have you set your budget for the new year

I live in Minnesota and every year when the calendar turned over into November I had two thoughts. . . Five months of winter ahead and time to make sure the income and expense budget for the funeral home is set up for the new year ahead. I operated a funeral home that over time had a volume of slightly over 300 calls per year.  From 1980 when I started until 2013 when I sold the majority of the business […]

Assurant reports 3rd Quarter 2019
Finance Preneed

Assurant reports 3rd Quarter 2019

Assurant is a leading global provider of housing and lifestyle solutions that support, protect and connect major consumer purchases.  In relation to the death care industry they are a provider of pre-need or what they call “pre-funded funeral insurance”.  Assurant is a Fortune 500 company with a presence in 21 countries. They recently reported their 3rd Quarter results for 2019 and you can see them here.  In those results they reported $104.8 million of operating income of which $7.4 million […]

Foundation Partners adds another acquisition
Finance

Foundation Partners adds another acquisition

Acquisitions continue to be announced in the death care business.  It seems that there are a lot of businesses where the ownership is ready to transition out of the profession and there is an ever growing number of neighbor, regional, and national providers of funeral and cremation care that are intent on getting larger. In our opinion, not all acquisitions are good or beneficial to the continuing business.  We believe that acquisitions can be positive to the bottom line when […]

A trend in the coroner business
Regulations

A trend in the coroner business

You have seen me write many times that I look for trends in the business world and then try to stay ahead of those to be in on the upswing with what is happening and have the ability to capture new business before many competitors have even seen the trend emerging.  It’s that way not only in the death care business, but in other businesses as well. In rural communities I am starting to see a trend in how coroners […]