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Robert L. Waltrip, age 92, founder of death care company Service Corporation International, died on Monday, February 27, 2023. A Celebration of Life service is scheduled for today (March 2). Interment is scheduled in the Reflection Garden of Memorial Oaks Cemetery in Houston, Texas. You can access an obituary powered…
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Last week North America’s largest funeral service company, Service Corporation International (SCI), announced in their 4th Quarter report “On the acquisition front, we had a very active fourth quarter investing $89 million in four separate transactions across the United States and Canada. These transactions added 14 funeral homes and 3 cemeteries, which included 3 combination locations.” And…
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The largest funeral home and cemetery operator in North America, Service Corporation International, reported 4th Quarter 2022 and Year End 2022 financials earlier this week and one of the things we noticed is that quarterly and yearly revenue was less than 4Q2021 and less than Year End 2021. However, that is not unexpected…
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People from not only the United States, but from almost every country around the world have seen a whip-saw of economic conditions since the pandemic year of 2020. It was a pandemic economy that saw the “stay at home” commerce of technology and furniture or home improvement sales grow by leaps and bounds and,…
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As we move into the final month of the calendar year it seems like no one has the financial markets figured out. In a year of rising inflation and rising interest rates, raised with the intention of curbing the inflation, the stock market indices have looked confused as to whether the worst is past or…
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We’ve already passed the mid-point of November and that means that Funeral Director Daily will go back over the past 30 days and let our readers catch-up with the Top Read articles in that time period. And, we are happy to tell you that we seem to have passed a point where we now consistently…
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The 3rd Quarter of 2022 has shown a trend of less deaths than the comparable 3rd Quarter of 2021. As a matter of fact, as you can see from this report from the Center for Disease Control (CDC), provisional deaths for 3Q 2022 numbered 751,497 as compared to 874,495 in the same quarter of 2021. …
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North America’s largest business in the death care industry, Service Corporation International (SCI) reported their 3rd Quarter 2022 financial results earlier this week. The results show a decline of about 5.5% in total revenues for the quarter as compared to the same quarter of 2021. The 3Q 2022 revenue number was $977.7 million as compared…
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Last week the Valkyrie Trading Society wrote an article for Seeking Alpha entitled “Service Corporation International: Feeling minimal pressures”. You can access the article here. Here are three take-aways from that article: The themes are that COVID-19 pulled forward mortality, making 2020 and 2021 strong years for Service Corporation International. There is also commentary around…
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Last week the largest public company in the death care space, Service Corporation International, reported their 2022 2nd Quarter and Half-Year financial results. For the quarter which encompasses the April thru June 2022 calendar dates, company wide revenue rose to $990.9 million as compared to the same period of last year which totaled $987.5 million.…
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