Tag: sci

Business Preneed Regulations

Weekend Edition: SCI receives economic development aid, a difference of opinion in Winnipeg, a preneed ratings downgrade

It is somewhat unbelievable to me how fast we have moved from Memorial Day to Labor Day, but here we are.  Among the American debate, many schools are opening, the election is soon here, and the one constant is that those in the funeral profession continue to give comfort and guidance to those in need. Today’s edition brings you three features including plans by Service Corporation International to greatly expand its New Orleans based accounting operations, a funeral home owner […]

Cremation Products

The two Nike guys out to disrupt the death care industry

I came across this recent article from Seed Investor entitled “Solace co-founder David Odusanya on the impact of COVID-19”.  The article intrigued me, not because of the COVID-19 fact, but because I knew that Solace was the company founded in Portland, Oregon, by two Nike executives to enter the low-cost direct cremation market. According to the company web-site, Solace provides direct cremation with “Concierge Level Support” thru Solace Care Teams for $895. The death care space has historically been won […]

Finance

Technical difficulties, Seeking Alpha opinion on Service Corporation

To our readers:  Before we get into our feature article of the day I want to apologize to readers who did not receive distributed copies of Funeral Director Daily last Wednesday and Thursday.  Unfortunately, we ran into issues where we simply outgrew our former distributor of Funeral Director Daily emails, Twitter, and Facebook postings.  The growth is good, however, we were not prepared for this happening and so I apologize to our readers for the problem.  There were three articles […]

Afternoon Edition Preneed

Afternoon edition: Forbes offers Preneed advice to consumers

In this day and age it seems that when you are reading a newspaper or watching television for the news, it is not only enough to read or watch, but you may find it necessary to know the political persuasion of the entity presenting the news to get an accurate read on it.  You have certainly learned that there is a different slant to the offerings of MSNBC as compared to Fox News or that there is a difference of […]

Finance

SCI’s Tom Ryan talks 2nd Quarter 2020

The 2nd Quarter of 2020, that period that encompasses the months of April, May, and June, was looked at as a quarter which would produce financial results that would be unique, maybe in the entire last century, simply because it was the first 3-month period of the COVID-19 pandemic.  As the United States went into the pandemic in February and March of 2020, many people theorized on how funeral homes and cemeteries would come through with things such as social […]

Afternoon Edition Cemetery Preneed

Afternoon edition: FDLIC brightens up, SCI buys adjoining cemetery property, and more

In today’s afternoon edition of Funeral Director Daily we have a couple of national firms in the news for differing reasons.  First of all, we will tell you of Funeral Directors Life (FDLIC) and their investment in saving some of the world’s energy.  They recently added a parking lot that will be covered by about 1300 solar panels that will provide energy for the company’s corporate headquarters.  You can see photos in this article here. And we also bring you […]

Afternoon Edition Finance

Afternoon edition: Seeking Alpha opines on Service Corp post report. . . .other news

In today’s afternoon edition we bring you a Seeking Alpha article from BOOX Research that opines on and goes into the details on why it says Service Corporation International “has a positive long-term outlook supported by its market leadership position and solid fundamentals.” We also bring you information on an Iowa funeral home celebrating its 50th year in business, a report on how busy the funeral homes and crematoriums in Wales were during the height of the pandemic, and information […]

Finance

Service Corporation reports 2nd quarter. . . cemetery preneed impressive

North America’s largest public purveyor of death care services, Service Corporation International (SCI), released its 2nd Quarter 2020 results on Wednesday.  In a nutshell, they produced somewhat better than what was expected results in this COVID-19 environment.  You can read their full 2Q 2020 report here. SCI reported revenues for the quarter of $820 million as compared to the same quarter in 2019 when they reported revenues of $812.6 million. On that revenue the company produced $182.3 million in operating […]

Finance

Carriage Services records record 2nd Quarter Revenue

Carriage Services reported their much anticipated 2nd Quarter of 2020 results on Tuesday.  You can get a copy of their press release here. The company, as well as other companies in the death care index are reporting their 2nd Quarters as their first full three month period of dealing with deaths and memorializations in the COVID-19 period.  For that reason, many are interested in seeing how their results were affected due to the issues around COVID-19 and funeral service. Those […]

Finance

Into earnings season. . . what can we expect?

We’ve now moved into the 3rd Quarter of 2020 and, needless to say, it has been a different year.  I recently read an article from Barrons.com that put the year into perspective and also asked famed stock prognosticator Mario Gabelli to comment on where we are going from here.  Gabelli is the Founder, Chairman, and CEO of Gabelli Asset Management. On the backdrop of this article I thought I would give my perspective on what we might see from the […]