funeral finance
It was announced earlier this week that Starmark, a leading manufacturer of innovative funeral products, has acquired AMA Containers. AMA was originally founded in 1991 as Airline Mortuary Associates. Starmark, according to the press release, was founded in 2004 and since that time have provided what they call “Sensible Solutions®” for cremation. The press…
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On February 1, 2024, Matthews International reported its 1st Quarter 2024 results. We reported on that on February 5 with this article. A day later they had an earnings call with investment advisors and today we bring you some quotes from that call. You can access the entire transcript of the 1Q 2024 Earnings…
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Earlier this week I mentioned in an article that I believe that 2024 could see major merger and acquisition moves in the Death Care space. First of all, I opined that there is a lot of private equity dollars sitting on the sidelines and I coupled that with the fact that I seem to…
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Americans are taking a loan, early withdrawal, or hardship withdrawal from their retirement plans at record rates according to this article from Yahoo Finance. And, one of the top reasons why, according to the survey, is to pay for a funeral. According to the survey released by by the non-profit Transamerica…
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All three major indexes of the U.S. stock market, the Nasdaq Composite, the S&P 500, and the Dow Jones Industrials grew by 1% or more on Friday. That convinced me that, over the long weekend I should take a look at how the public companies that deal with Death Care have fared for…
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Security National Financial Corporation (SNFC) issued their report on their results for the 1st Quarter of 2023 last week and in doing so credited their “balanced nature of their businesses” for the performance. We follow SNFC because of their involvement in what they term their “Memorial Segment” — a portion of their…
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The last of the major public funeral home and cemetery operating companies reported their 1st Quarter 2023 financial report last week. Park Lawn Corporation (PLC) bucked the trend of less revenue for the quarter as compared to the 1st Quarter of 2022 by posting a 4.3% increase in total revenue. Park Lawn…
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Carriage Services announced in this press release their operating results of the 1st Quarter of 2023. Much like we mentioned in last week’s article on Service Corporation International (SCI), these numbers need to be looked at in the light of a reduced number of deaths in the United States for 1Q 2023 as…
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Park Lawn Corporation is expected to release the financial results of their First Quarter 2023 on May 11 — Thursday. Last week, however, we found that Seeking Alpha authors gave an opinion on the company in which they believe “Park Lawn (is) likely to resume EBIDTA and EPS growth in 2023″. The opinion article…
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When public companies report their financial numbers each quarter, it is pretty much expected that matured companies have practical and easily understood numbers in comparison to what their financial numbers were for the previous comparable quarter of operations. In that regard you would look for the results of funeral home and cemetery…
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