Tag: funeral business

Proud of our Profession
Business

Proud of our Profession

I’m writing this on Monday morning evening though you are receiving it as the Wednesday edition of Funeral Director Daily.  The freedom to do that (write in advance) once in a while is what makes writing a daily article palatable.  I didn’t do a whole lot over the weekend although I did come across this feature article from the Los Angeles Times. The article, entitled “So many bodies. . . I lost count.  The grim business of moving Latino coronavirus […]

Matthews Memorialization segment shows revenue gains in 3Q 2020
Finance

Matthews Memorialization segment shows revenue gains in 3Q 2020

Matthews International, which operates on a fiscal year that begins on October 1 each year, released earnings reports last week.  The company has three operating segments and the one that is of interest to those of us in the death care profession is what Matthews refers to as its “Memorialization Segment”. Matthews Memorialization Segment consists of four divisions which you can learn more about here. Matthews Aurora Funeral Solutions – Caskets, urns, remembrance jewelry Matthews Cemetery Products – Granite memorials […]

Afternoon edition:  StoneMor receives 2nd offer to take it private. . . .and more news from the death care universe
Finance

Afternoon edition: StoneMor receives 2nd offer to take it private. . . .and more news from the death care universe

StoneMor, Inc.,  the Philadelphia area based operator of funeral homes and cemeteries, announced in this press release on Friday, July 31, that they are in receipt of a 2nd offer from a company that would seek to take the company private.  If you remember, earlier this year, Axar Capital Management offered the company $0.67 per share to acquire the company.  That offer was rejected by StoneMor in June as, according to the press release, an inadequate price. Axar Capital Management […]

Here’s a new gig at the cemetery
Cemetery

Here’s a new gig at the cemetery

Over the last couple of years Funeral Director Daily has done many articles that pertain to cemeteries, not only in the United States, but around the world.  Many of those articles have dealt with the uniqueness of a cemetery or the lack of upkeep in a cemetery, or, because of that lack of upkeep, an effort to clean up cemeteries. We’ve also talked about the business of cemeteries and how many cemeteries find themselves in financially negative cash-flow positions because […]

Afternoon edition:  lots of news. . . finance, cemetery, coroner race, funeral home sold, more
Uncategorized

Afternoon edition: lots of news. . . finance, cemetery, coroner race, funeral home sold, more

As we head not only into the weekend but into the month of August, we found lots of interesting stories for our readers.  And, they are from all over the world. . .from preneed insurance in New Zealand, to public company finances in Great Britain, and back to the good old U.S.A. with stories ranging from a body potentially buried in the wrong spot to a coroner’s race pitting two funeral directors against each other. Read the stories. . . […]

Service Corporation reports 2nd quarter. . . cemetery preneed impressive
Finance

Service Corporation reports 2nd quarter. . . cemetery preneed impressive

North America’s largest public purveyor of death care services, Service Corporation International (SCI), released its 2nd Quarter 2020 results on Wednesday.  In a nutshell, they produced somewhat better than what was expected results in this COVID-19 environment.  You can read their full 2Q 2020 report here. SCI reported revenues for the quarter of $820 million as compared to the same quarter in 2019 when they reported revenues of $812.6 million. On that revenue the company produced $182.3 million in operating […]

Afternoon edition:  Funeral director becomes WNBA’s all-time leading rebounder
Uncategorized

Afternoon edition: Funeral director becomes WNBA’s all-time leading rebounder

We’ve got plenty of stories to tell you this afternoon, however, we felt that “topping our charts” was this article from ESPN.com that that chronicles a Tuesday night game in which  WNBA player Sylvia Fowles became the all-time leading rebounder in the history of that basketball league.  Sports leading Funeral Director Daily headlines?? The fact is that the 34-year old Fowles has used her off-season time to study mortuary science and intends to work as a funeral director once her […]

Carriage Services records record 2nd Quarter Revenue
Finance

Carriage Services records record 2nd Quarter Revenue

Carriage Services reported their much anticipated 2nd Quarter of 2020 results on Tuesday.  You can get a copy of their press release here. The company, as well as other companies in the death care index are reporting their 2nd Quarters as their first full three month period of dealing with deaths and memorializations in the COVID-19 period.  For that reason, many are interested in seeing how their results were affected due to the issues around COVID-19 and funeral service. Those […]

The Power of Long-Range Planning
Business

The Power of Long-Range Planning

On Sunday morning my wife, Angie, and I were talking over the ramifications of what Congress may do in its balancing act to keep the economic security of the United States in tact as the pandemic rages on.  We were discussing the additional $600 weekly unemployment payment per furloughed or unemployed worker and the long term implications on what it might do to America.  While we believe that we are sympathetic to the needs of our county’s people, we also […]

Better late than never
Cemetery Preneed

Better late than never

In the news last week was a story of deceased New York state firefighter Anthony Fatale and the delayed legacy of his life.  Fatale had died two years ago in 2018 at the age of 70. Fatale was single, an Air Force veteran,  and a member of the Nyack Fire Department, who many colleagues say was “larger than life”.  David Gottlieb of Empire Hook & Ladder Company No. 1 had this to say according to an article and video that […]