public funeral home companies
Park Lawn Corporation (PLC), a publicly-held funeral home and cemetery operator reported their 2023 4th Quarter and 2023 Full-Year financial results last week. In those results, which you can see here, the company reported revenues for both the 4th Quarter and Full-Year of 2023 increasing from the comparable quarter and year. They…
Read MoreWe learned last week that a transaction announced in October 2023 had been closed prior to the New Year. The transaction that you can read about in this press release from Park Lawn Corporation included the sale of 72 cemeteries and 11 funeral homes, and one crematory from Park Lawn Corporation to Everystory…
Read MoreEarlier 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…
Read MoreThe 3rd Quarter of 2023 ended with the end of September and we thought it would be a good time to take a look at how the public companies in Death Care have held up over the course of the past quarter and past nine months. From our point of view it looks like…
Read MorePart of our mission at Funeral Director Daily is to help the individual funeral home owner or operator understand all facets of their business better and in more depth so that they have the knowledge to make decisions moving forward. In my 35 years of owning and operating a funeral home I tried to…
Read MoreSecurity 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…
Read MoreFuneral home and cemetery operator Carriage Services reported their 4th Quarter and Year End Financial Reports last week. You can access that report here. In doing so they reported that the number of “Services” the company conducted had dropped 2.9% as compared to the yearly results for 2021. The company conducted 47,184 services…
Read MoreLast week funeral home and cemetery consolidator and operator Carriage Services announced the pending acquisition of Greenlawn Funeral Homes and Cemeteries of Bakersfield, California. In the same press release, that you can read here, the company took the time to outline what they call their “High Performance and Credit Profile Restoration Plan” (HPCPRP). …
Read MoreAs we have previously reported, StoneMor Inc. is in the middle of a proposed take-private merger movement led by the companies largest shareholder, Axar Capital. (Here is our article entitled “StoneMor agrees to Axar Capital Managment buyout”). That merger continues to move forward with the offering price of $3.50 per share now moving into a…
Read MorePark Lawn Corporation (PLC) reported their financial results for the 2nd Quarter of 2022 (April thru June) last week and their report was like many others we have seen — higher revenues, lower margins. You can see the press release here. For the quarter PLC reported Net Revenue of $75.9 million as compared to last…
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