Funeral Director Daily
Hillenbrand Industries reported 2nd quarter results last week. Hillenbrand, long known as the parent company of Batesville Caskets, has been, of late, driven by its entry into the Processed Equipment arena. The company reported a net loss for the quarter which was the result of taking a $63 million dollar charge against the carrying value…
Read MoreDeath care conglomerate Matthews International, based in Pittsburgh, Pennsylvania, posted their 2nd quarter earnings report of Fiscal Year 2018 last week. Here’s what President and CEO Joseph C. Bartolacci said of the report, “The company’s results for the fiscal 2018 second quarter were in line with our internal expectation and we are on track to…
Read MoreIf you have followed the death care industry in Australia you would see that large public companies InvoCare and Propel Funeral Partners are seeking to gain market share via acquisitions. This is nothing new in the funeral industry where unit “roll-ups” have been in vogue since the 1960’s. If you are a free-market person you…
Read MoreI present you this article published yesterday from investor opinion site Seeking Alpha on the potential upside of StoneMor Partners. It is a good read and, like most articles pertaining to the death care industry, there is something to take from it. Funeral Director Daily take: I will tell you, however, as a 35 year industry…
Read MoreThis article does not have a great deal to do with the business of death care, but when something good happens to people in funeral service we think it is okay to tell our colleagues. Tawas (Michigan) Area High School Senior Mason Buresh recently signed to play hockey in the Big Ten for Michigan State…
Read MoreThe Phaneuf Funeral Homes and Crematorium announced last month, according to this article in The Manchester Link, that they had purchased the Ker Westerlund Funeral Home which has served the Brattleboro, Vermont, area for more than 150 years. The Phaneuf family of operations also includes the Cremation Society of New Hampshire and this location will…
Read MoreEarlier this year we told you of the acquisition of pre-need provider Great Western Insurance Company by the American Enterprise Group of Des Moines, Iowa. As of April 25, 2018, A.M. Best has completed their ratings on Great Western Insurance Company post acquisition. A.M. Best has upgraded, in a report you can read here, the…
Read MoreIf you are at all interested in learning about Canadian death care public company Park Lawn Corporation we came across this recent interview of their CEO Andrew Clark on the Capital Ideas portion of Small Cap Power. It is a 4 minute interview that you can reach at the 12:00 minute mark of the program.…
Read MoreEvery day people around the world dream of owning their own business and having the ability to be in charge of their own destiny. It is the way capitalism and the freedom to invest in your dream works. However, sometimes a partner is necessary to help a budding entrepreneur make the reach for a down…
Read MoreIt is earnings time for public companies and today we are reporting on what Service Corporation International reported in their 1st Quarter report of 2018. You can see their complete press release, including financial information, here. In essence, Tom Ryan, SCI’s CEO, made the following statements: “. . .earnings per share growth of 9 cents…
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