funeral home companies
As you get older and older time seems to move faster and faster. For those of us who were in the business back in 2013 we saw the acquisition of Stewart Enterprises, then the 2nd largest funeral home and cemetery operator in the country, being acquired by the largest operator, Service Coporation International.…
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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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2022 marked a point in the history of Great Britain’s largest death care provider, Dignity plc, where they planned to increase consumer market share for their services by lowering their prices. What they maybe didn’t anticipate was the highest inflationary pressures in the last 40 years on the costs of their services to happen at…
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Last week death care property owner and operator StoneMor announced, in this press release, that they had completed their merger with Axar Capital Management whereby StoneMor will become a private and wholly owned subsidiary of Axar Capital Management. Prior to this “take private” movement, which was announced in this May 25, 2022, press release, Axar…
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Security National Financial Corporation (SNFC) continues to reel in the revenue in each of their three divisions according to this press release from mid-May containing their 1st Quarter 2020 results. The Utah based company conducts business in the death care field both in the financial services realm and the funeral and cemetery services realm. In…
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StoneMor, Inc., the Pennsylvania based consolidator and operator of cemeteries and funeral homes, has had a busy April. We’ve seen Moody’s upgrade their credit rating, we’ve seen insider trading purchases of the stock, and we’ve seen an announcement of refinanced debt. That and more leads a press release from Moody’s to state, “. . .…
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Park Lawn Corporation (PLC), the funeral home and cemetery operator, with headquarters in Toronto and Houston, announced their 3rd Quarter 2020 results last week. As a growth company, they continued to exhibit those traits — with revenue for the quarter growing to $83.7 million from last year’s 3Q revenue number of $66.5 million (all dollar…
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In a press release that we received last week, Foundation Partners Group announced that they had expanded and repositioned their leadership team. According to the release that you can read here, this will “position the company for continued growth and innovation.” The release explains that Bob Bukala, formerly the President and CEO, will remain CEO…
Read MoreService Corporation International (SCI), the publicly traded acquirer and operator of funeral homes and cemeteries in North America is poised to report its 3Q 2019 results on October 30. Prior to that happening, we noticed this short report in Yahoo Finance entitled, “Will Service Corporations’s strategies help maintain momentum?”. The Yahoo Finance article concludes that…
Read MoreThree months ago the 1st Quarter report of 2019 for funeral home and cemetery operator Carriage Services caused concern for many of their stockholders. In that quarter, same store revenue for funerals and profitability took a backward trend as did the number of atneed and preneed services conducted or contracted. That report led management to…
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