Tag: Park Lawn

Investors still reluctant with death care stocks
Finance

Investors still reluctant with death care stocks

I happened to see that at the close of the markets Friday that funeral home and cemetery operator and consolidator Park Lawn Corporation’s stock closed down over 9% from the previous day.  I looked for news on the company but could not find anything in the public world that would cause a precipitous drop in valuation like that. What it did cause me to do was take a look at all the other death care stocks that comprise the Funeral […]

Carriage Services reports 4th Quarter and Year End 2019
Finance

Carriage Services reports 4th Quarter and Year End 2019

  Last week funeral service and cemetery consolidator and operator Carriage Services, based in Houston, Texas, reported 4th Quarter and Year End results for 2019.  They also provided commentary on how they believe that the company will move in the next three years.  I will provide some factual information in this report but also my opinions.  Please note I am not a stockholder in Carriage Services at this time. You can access their February 19 press release related to earnings […]

Park Lawn executives comment on 3rd Quarter
Finance

Park Lawn executives comment on 3rd Quarter

Last week Park Lawn Corporation CEO Andrew Clark and CFO James Leeder commented on the company’s 3rd quarter results and also took questions from analysts about the company’s performance.  You can read the transcript here.  I have, however, taken the liberty to pull out some of the comments that we thought would be of the most interest to our readers and have made them available.  These questions and answers deal with the purchase of 10 properties from The Journey Group, […]

Park Lawn Corporation reports 3Q 2019
Finance

Park Lawn Corporation reports 3Q 2019

Last week Canadian based public company funeral home and cemetery operator Park Lawn Corporation released its 3rd Quarter and 9-month results for 2019.  You can see them here. The fast growing company reported 2019 3Q revenues of $66.5 million as compared to 2018 3rd Quarter revenues of $43.2 million. . .an increase of 54%.  They also reported 9-month 2019 revenue of $175.3 million as compared to $110.7 million for the same period in 2018. Park Lawn also noted that the […]

Finally. . .for the weekend. . . .
Uncategorized

Finally. . .for the weekend. . . .

Park Lawn Corporation Recognized – In a notice coming out of Toronto, Ontario, Canada, Park Lawn Corporation was recognized by the Toronto Stock Exchange as a member of its inaugural TSX30.  The TSX30 is a new program designed to celebrate the 30 top-performing stocks over the last three years, based on dividend-adjusted share price appreciation. CEO Andrew Clark commented on the honor, “As we continue our growth both organically and through acquisition, we will remain focused n enhancing our product […]

Park Lawn makes another splash
Finance

Park Lawn makes another splash

Toronto based funeral and cemetery services provider Park Lawn Corporation announced last week that they have entered into agreements to acquire the assets of Horan & McConaty Funeral Services and the assets of the Baue Funeral Home Company.  The press release and more information that you can read from Yahoo Finance here, indicate that the purchase price of the two operations will total approximately $101.5 million in U.S. funds. “The acquisitions of Horan and Baue are a unique and extremely […]

Park Lawn Announces acquisition of 8-location Wisconsin firm
Finance

Park Lawn Announces acquisition of 8-location Wisconsin firm

Park Lawn Corporation, the Toronto based cemetery and funeral home consolidator announced last week that they had reached an agreement to purchase Madison, Wisconsin based Cress Funeral Service for US$ 20.3 million.  You can read a press release from Park Lawn here. Park Lawn, in their press release, makes these statements: The price to be paid is within the company’s publicly stated EBITDA range for transactions. The purchase will be financed by the company’s existing credit facility. The acquisition will […]

Park Lawn Corporation Reports 2Q 2018
Finance

Park Lawn Corporation Reports 2Q 2018

Canadian public company Park Lawn Corporation announced their 2nd quarter financial results this week.  You can see the company’s press release here.  According to the company, “The results show solid operating performance across the majority of the business, particularly in the CMS Mid-Atlantic and Saber business segments of the company. Here are some of the highlights of the report: Revenue (including acquisitions)  increased 100% from the 2nd quarter of 2017 to $ 40.3 million as compared to lat year’s $20.1 […]

Park Lawn Corporation Reports 1Q 2018
Finance

Park Lawn Corporation Reports 1Q 2018

  After the close of business on Tuesday, May 15, Canadian death care consolidator Park Lawn Corporation reported their First Quarter results for 2018.  You can see a copy of their Press Release here. Park Lawn reported revenues of $27,206,240 for the quarter compared to revenues of $18,802,424 for the same period of a year ago.  As you may know, Park Lawn has been busy in the acquisition realm which would cause revenues to increase, but they also noted in […]