Author: Funeral Director Daily

Business Products

Checking in on Natural Organic Reduction

In December it will be a full two years since Recompose, the United States first human natural organic reduction (NOR) disposition service was legal and open for business.  NOR is more commonly known as “human composting”. We thought it might be a good time — on the precipice of the business’ second anniversary of being open for business to check in and see how things are going.  We did so, not with an interview but with information from this recent […]

Business Products

The Best of Baltimore

In my home state of Minnesota there is a sports writer who every Thanksgiving creates an article and makes a case for the worst person or thing that has happened on the Minnesota sports scene in the past year.  I’ve taken some inspiration from that but have also taken into account something my mom drilled into me, “If you cannot say something good about somebody, then say nothing at all”. So, in the spirit of recognition, but also taking my […]

Finance

Batesville notes from Hillenbrand Industries Quarterly Report

Last week Hillenbrand Industries reported their Fiscal Year 4th Quarter of 2022 and their Year End results for Fiscal Year 2022.  It is noted that Hillenbrand operates on an annual fiscal year calendar from October 1 to September 30. Over the years Hillenbrand has moved from a company predominantly based in the death care business via their operation of Batesville to a more well-defined manufacturing industry conglomerate with Batesville as a minority representative of sales and profits.  For instance, 4Q22 […]

Business

Your Business Value: A Funeral Home Owner’s Guide to Prepping for 2023

Editor’s Note:  Today’s guest columnist is Jake Johnson, CEO of Johnson Consulting Group.  His article begins here:   It’s no secret to anyone right now that businesses everywhere are feeling the impacts of inflation. The funeral profession specifically has seen a rise in costs, and it’s resulted in increased stress and pressure on owners. These shifts are inevitable, and if businesses don’t start making changes and prioritizing their business value for the future, they’ll find themselves at a severe disadvantage. […]

Finance

Security National after tax earnings decline 121% in 3Q 2022

In the 3rd Quarter of 2022 earnings release for Security National Financial Corporation (SNFC) released earlier this week, Scott M. Quist, the company’s President stated, “2022 is continuing to be a challenging year for our Company due primarily to the dramatic rise in inflation and interest rates, and the dramatic fall in equity values. In the mortgage space, purchase transactions are down roughly 40% YOY and refinance transactions are down roughly 80% YOY. Equity values, as measured by the S&P […]

Afternoon Edition

Top-read articles for the past 30 days

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 have over 15,000 monthly page-views on a rolling 30-day basis.  That’s a long way from where we started and in just the past 26 months […]

Business Regulations

Online price lists are showing up

Earlier this week I was informed by a Funeral Director Daily reader that online price lists have started to appear on the websites of Service Corporation International (SCI) funeral homes.  Just to be clear, I’m not sure that this is news or not — because I’ve never taken the time to check out individual SCI funeral homes to see if they had price lists or not. However, the comment that I received from a reader was this, “Did you know […]

Afternoon Edition

You can’t take it with you, but. . . .

You have all heard it said many times, especially because we are in the funeral business, “You can’t take it with you“.  That refers to taking your bank accounts to the great beyond and spending money there. But, according to an article in Forbes Magazine, you can earn a lot of money posthumously.  As a matter of fact, Elvis Presley has been dead and gone for 45 years now, but his estate is set to earn about $110 million in […]

Business

Yes, things will change over time

“There is an appointed time for everything.  And there is a time for every event under heaven –“.  That is the first verse in Ecclesiastes Chapter 3 and the 2nd verse goes on to say “A time to give birth, and a time to die“. Any funeral director who has ever spent time on a graveside service standing over an open grave with a pastor or priest giving a final commendation has heard those words. And, those words are prophetic, […]

Afternoon Edition

Park Lawn Corporation adds 1,000 call acquisition

In a press release made public on the heels of the company’s 3rd Quarter report, Park Lawn Corporation (PLC), with headquarters in Houston, Texas, and Toronto, Ontario, announced that they had acquired the Schrader, Aragon & Jacoby Funeral Home, Mountain View Memorial Park, and Bustard & Jacoby Funerals, Cremation, Monuments and Receptions of Cheyenne and Casper, Wyoming.  The press release, that you can read here, was made public on Monday, November 13. It was announced that the transaction is expected […]