Author: Funeral Director Daily

Afternoon Edition

Propel Funeral Partners raises capital, announces Share Purchase Program

Propel Funeral Partners of Australia and New Zealand announced last week, in this announcement, that they had raised $AU 50.2 million via a placement with institutional investors.  They also announced that they are offering eligible existing shareholders the opportunity to purchase a total of up to $AU 10 million via a share purchase plan. Here’s what Albin Kurti, Managing Director of Propel said in the release, “We are delighted by the support received from Propel’s existing institutional shareholders and to […]

Business Products

The Experiential Funeral

Via e-mail marketing the other day I received an invitation from our friends at the Cremation Association of North America (CANA) to take in a free webinar partially titled, “Families prefer experience over extravagance“.  The topic hit home with me and I think points out a very important detail about what the consumer public is willing to spend money on. . . . and why that may have an effect on how we offer our death care services to them. […]

Finance

Zacks Research previews SCI earnings report

We found this report, dated October 21, interesting from Zacks Equity Research.  Here’s an interesting couple of lines from the report. . .”SCI is likely to display year-over-year declines in the top and bottom lines, when it reports third-quarter 2021 numbers on Oct 27. The Zacks Consensus Estimate for revenues is pegged at $800 million, suggesting a drop of 12.9% from the prior-year quarter’s reported figure.” Service Corporation International is expected to report 3rd Quarter earnings on October 27 (tomorrow). […]

Business

The labor market and your funeral home

Over the weekend I read some articles pertaining to the secular world of business that I have tried to boil down to how they will affect the death care profession/industry.  One article from Yahoo Money is entitled “Making sense of the Twisted Sister labor market“.  You can read it here. That article points to what it calls the “Great Resignation” and how leaving the labor force for many is both stressing out workers left behind and giving those workers some […]

Finance

Retail death care stocks lead the run-up

On Friday the Dow Jones Industrial Average (DJIA) set a new record high by closing at 35,677.  On January 1, 2021, the DJIA stood at 30,606 so that high on Friday indicates a 16.6% increase year to date for 2021.  That’s pretty impressive. . . . and the NASDAQ closed Friday up 19.1% year to date and the S & P 500 index also closed on that date with a 20.9% increase year to date. Pretty impressive. . . but […]

Business

Zen Center, funeral home share space

I think there is a lot to be said about “businesses serving their community” in appropriate ways.  And, I think in funeral service as we move forward to more niche businesses that will become more and more evident. You can read in this article from the Vashon-Maury Island Beachcomber, how a funeral home and the island’s Zen Center have teamed up on an arrangement to co-habitate within a 1966 building that until recently served exclusively as a funeral home.  The […]

Cemetery Cremation Regulations

NFL’s Steelers not amused by end zone cremation scattering

If you have been a funeral director for any length of time a family member of a cremation disposition has approached you about their idea of scattering the cremated remains at a certain location.  Most of the time the question has been asked in relation to a public park, a church yard, a lake, or some other public location that held meaning and was prized by the decedent. Were you ever asked for your opinion of the scattering of the […]

Business

There is still value in radio ads for funeral homes

The Radio Advertising Landscape for Funeral Homes By Welton Hong   There are about 15,500 radio stations in the United States. Combined, they have an enormous audience: About 90% of the people in the country of almost any age listen to radio at least monthly. That makes radio a great place for funeral service advertising, even while many small businesses think radio ads are too expensive or that this traditional format is dead. In 2019, advertisers in the United States […]

Afternoon Edition

Reasons for lack of men in the work force leads last months readership

The top read article for the last 30 days published on Funeral Director Daily dealt with, not only the loss of men in the funeral service workforce, but the loss of men in the workforce in general.  We’ve all seen many more women in funeral service over the past decades but what about the participation rate of men in the workforce in general? Over the last several years, men in the 16-64 age category who are available for work and […]

Finance

Park Lawn Corporation announces three acquisitions

Toronto-based Park Lawn Corporation, a funeral home and cemetery owner and operator, announced in this press release last week that it had acquired three businesses which constitute an addition of six stand-alone funeral homes, one stand-alone cemetery, three combination funeral home/cemetery properties, and five event centers.  All businesses are located in their growing North Carolina and Tennessee market areas. The companies acquired include Pugh Funeral Homes and New Hope Memorial Gardens in North Carolina, Smith Funeral & Cremation Service and […]