Tag: funeral companies

Carriage Service’s 3rd Quarter. . . CEO speaks on new opportunities, letter of intent
Finance

Carriage Service’s 3rd Quarter. . . CEO speaks on new opportunities, letter of intent

Last week funeral home and cemetery consolidator and operator Carriage Services reported their 3rd quarter results for 2019.  After some disappointing results in the past year, the 3Q report was filled with enough upside results to put a little jump in the step of Carriage Service executives and stockholders.  You can see the company results here. Strictly from a revenue point of view, Total Revenue jumped almost 3% (or about 5.5% if “divestment revenue” is taken out from the equation […]

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 […]

Matthews reports 1st Qtr 2019. . . . Memorialization segment increases sales
Finance

Matthews reports 1st Qtr 2019. . . . Memorialization segment increases sales

On January 31 Matthews International, parent company of Matthews Cremation and Aurora Casket, reported its first quarter of fiscal year 2019 which covers the period of October 1, 2018 to December 31, 2018.  You can read the press release from Matthews here. As a company the consolidated sales totaled $374.2 million as compared to $369.5 million for the same period one year ago.  Cash flow from operations was reported as higher than one year ago.  The Memorialization segment of the […]

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 […]

Service Corporation Reports 2Q 2018 Results
Finance

Service Corporation Reports 2Q 2018 Results

Service Corporation International, the largest of the funeral service conglomerate public companies, reported 2nd Quarter 2018 financial results yesterday.  You can read their press release and see the numbers here. SCI announced earnings per share of $0.44 versus analysts estimates of $0.43 per share.  They also announced 2nd quarter revenue of $796 million as compared to 2017’s 2nd quarter revenue of $773 million – an increase of roughly 3.0%. The company also announced a “comparable” revenue or “same store” revenue […]

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 […]

Is Funeral Service an “Unappealing” Industry?
Finance

Is Funeral Service an “Unappealing” Industry?

I’ve always been intrigued by the stock market.  I can remember over 50 years ago talking to my dad about what he thought was the end-all when looking at companies to potentially invest in.  For him it was the P/E ratio.  Dad always wanted the stock to have a P/E ratio of 15 or less before he would think of purchasing it. Other people think of other things – some more intangible for the company.  It is interesting that today […]

StoneMor Partners Reports 3rd Qtr 2017
Finance

StoneMor Partners Reports 3rd Qtr 2017

We’ve said before that 2017 was an unusual year for StoneMor Partners, LP in that they had some key executives leave or retire and, probably partly because of that and an accounting review, they delayed their reporting to the Security and Exchange Commission.  They have been working hard and on January 26, 2018, the company released its 3rd Quarter report – which gets the company up to date, as of the end of their 3rd quarter end of September 30, […]

Article on Seeking Alpha Expects StoneMor Dividend Cut
Finance

Article on Seeking Alpha Expects StoneMor Dividend Cut

An article that appeared on Seeking Alpha on September 2, 2017, concludes that StoneMor Partners will be forced to either eliminate or greatly reduce their quarterly dividend soon.  StoneMor, a Master Limited Partnership built through funeral home and cemetery acquisitions has seen its stock plunge from about $26 per share in 2016 to a close of $6.59 per share last Friday.  The company owns 317 cemeteries and 105 funeral home properties. The article lists four reasons why the author believes […]