Tag: stonemor

Green, Dodds to lead Park Lawn into the future
Finance

Green, Dodds to lead Park Lawn into the future

In a press release from the company that you can read here, Park Lawn Corporation announced Monday that Interim CEO J. Bradley Green would have the interim tag removed and has been named Chief Executive Officer of the Toronto based death care company.  In the same announcement, Park Lawn’s Board of Directors announced that Jay Dodds would be named the company’s President and Chief Operating Officer. It was also announced that Green and Dodds would become members of the public […]

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 […]

Random thoughts on retail sales, funeral home restrictions, revenues, and acquisitions
Business Finance

Random thoughts on retail sales, funeral home restrictions, revenues, and acquisitions

Where were you when you first realized that the coronavirus may be something serious and you changed your course of habits to manage your lifestyle more safely?  Angie and I were on a scheduled flight out of Honolulu returning to Minneapolis on February 1, the day after President Trump had instituted the flight ban from China.  I remember wiping our seats down with clean wipes. . .something I had never done before. So, we have now had a little over […]

News from the World of Death Care – 6.18.2020
Uncategorized

News from the World of Death Care – 6.18.2020

In our afternoon update for today in the world of Death Care we bring you artcles that include StoneMor, Inc.’s decision to reject an offer from Axar Capital to purchase all of the outstanding shares of StoneMor and take the company private.  Funeral Director Daily had earlier reported on this potential development in May in an article that you can read here. We also bring you an article from WIBW Channel 13 in Topeka, Kansas, where the Shawnee County Health […]

Is StoneMor bouncing back?
Finance

Is StoneMor bouncing back?

StoneMor, Inc., the Pennsylvania based funeral home and cemetery operator reported their First Quarter of 2020 results last week.  These results cover the period from January 1 to March 31, 2020.  You can see a summary of the report here. The company operates 319 cemeteries and 88 funeral homes in the United States and Puerto Rico.  In their latest earnings transcript they mentioned that 18% of their revenues come from the funeral home side and 82% of their revenues come […]

Investors seem wary of death care stocks
Finance

Investors seem wary of death care stocks

We last brought our readers an update on the Funeral Director Daily Death Care Index (DCI) on April 6, 2020, which represented values as of the close of business on Friday, April 3.  As we tell national publications that call us about our DCI, it is not a scientific weighting of public companies in the death care business, but does give some semblance to what the investment community is thinking about the funeral, cemetery, crematory, and preneed services business community […]

Inside the numbers with SCI
Business Finance Preneed

Inside the numbers with SCI

Last week we brought you an initial report on Service Corporation International’s report of their 1st Quarter 2020 results.  We also promised that we would go “inside the numbers” to see what other financial information we could find that may be of benefit to all of you who own or manage funeral homes. Today, we bring you a little more from inside the numbers and don’t bring you any surprises but the numbers put forth continue to show increased cremation, […]

Lots of volunteer heroes in our profession right now
Business

Lots of volunteer heroes in our profession right now

This Funeral Director Daily article will  not do enough justice to the funeral director/mortician profession but it is an attempt to show how those in our profession are going well out of their way to help other funeral directors in need and to help humanity as a whole. In New York City there are only five cremation retorts.  The backlog to get a specific deceased body cremated can be a month long.  There are also burials that need to be […]

StoneMor:  “We’re solvent enough. . .”
Business Finance

StoneMor: “We’re solvent enough. . .”

Most people in the death care profession know that StoneMor, Inc. has, for the last couple of years, been on what they term an “operational turnaround”.  The company, based just outside of Philadelphia, is said to be the second largest, next to Service Corporation International (SCI), death care company in North America.  The death care market is believed to be about $21 billion in annual revenues and StoneMor is believed to have about 1.5% of that market.  It is believed […]

Security National reports year end 2019
Finance

Security National reports year end 2019

Security National Financial Corporation (SNFC), the Utah public company that is partly rooted in the preneed funeral insurance and mortuary/cemetery business, recently reported its 2019 year end financial results.  You can read the company’s press release on the results here. The results do say, “For the twelve months ended December 31, 2019, SNFC’s after-tax earnings from operations decreased 49.8% from $21.6 million in 2018 to $10.8 million in 2019, on a 1.2% increase in revenues to over $283 million. However, […]