Funeral Director Daily
I’ve said all along that as death care moves forward there will continue to be full service funeral homes, but there will also be a growing niche of death care disposition options available to the consumer public. Just last week Colorado Governor Jared Polis signed a bill into law that will make Colorado the second…
Life insurance rates, at least for the time being, are holding stable regardless of the excess deaths due to Covid-19 in 2020. A recent press release from Policygenius, that you can access here, says that “The May index shows life insurance pricing stability, despite an increase in the U.S. death rate evident in data recently…
StoneMor, Inc. released its 1st Quarter financial results on May 13 and with it announced that they had completed their private offering of $400 million in Senior Notes. There seems to be no doubt that the refinancing and operational results reported in the May 13 report have lifted the spirits of the company. Here’s what…
Covid-19 and the ramifications it brought with social distancing was tough on funeral and memorial services. It was even more devastating to the wedding and wedding reception business. However, during the calendar year of 2020 most brides and grooms continued to take the plunge into matrimony. . . . they just did so without that…
When I last wrote an article pertaining to inflation one of Funeral Director Daily’s readers contacted me to tell me that his studies indicated that funeral pricing increases did not always correspond with inflationary rates or the rise of the Consumer Price Index. Sometimes funeral pricing was higher and sometimes it was lower than the…
As has become our custom at the mid-point of each month, we give you a chance to see what stories you may have missed. Here are the top read stories from Funeral Director Daily from April 15 to May 15. Mortuary school holds commencement in cemetery. SCI’s Tom Ryan: “. . .true earnings growth from…
Park Lawn’s CEO Brad Green comments on the labor market, acquisitions, preneed, and revenue per case
Park Lawn Corporation (PLC), the Toronto based funeral home and cemetery operator released First Quarter 2021 results last week. As expected the results were very strong as deaths from the pandemic in those months, especially January, continued to be high. Park Lawn Corporation’s net revenue grew about 26% to over $89 million for the quarter.…
Upholding to the Covid-19 social distancing rules of the University of Minnesota the graduating class and faculty of the Department of Mortuary Science had to come up with a creative way to make this year’s graduation ceremonies memorable for the graduating seniors. With indoor facilities on campus off limits for this year, the department worked…
Several years ago progressive funeral homes opened their own hospitality rooms to be able to serve post-funeral meals and refreshments on their own premises. Many of those funeral homes that have promoted that concept and have consumer friendly facilities for that purpose, not only have seen their rooms used and profitable, but they have been…
Batesville, a division of Hillenbrand Industries, reported their Fiscal Year 2nd Quarter during the first week of May. While the entire company revenue increased 11% year over year, Batesville, the funeral service side of the business, increased their revenue by over 20% to a quarterly volume of $166 million. Here’s what was said in the…
