Funeral Director Daily

Service Corporation Reports 1Q 2018

By Funeral Director Daily / April 27, 2018 /

It 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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Cemetery Issues in the News

By Funeral Director Daily / April 27, 2018 /

I found a couple of items in the news about issues at cemeteries or proposed cemeteries and either one is worthy of editorial space, but since they were both in the news at the same time and it is the Friday issue of Funeral Director Daily, I am presenting them both to you to read…

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Carriage Services Reports 1Q 2018

By Funeral Director Daily / April 26, 2018 /

  On Tuesday, April 24, publicly owned death care industry company, Carriage Services, announced its 1st Quarter 2018 results.  You can read their press release with financials included here.  The company announced record revenues of $73.4 million for the quarter.  That is a 7.7% increase over the same period of a year ago. Funeral Director…

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Pre-Need: Defensive Strategy or Offensive Weapon?

By Funeral Director Daily / April 26, 2018 /

Recently I was reading a business plan of a public company funeral home consolidator and when talking about how they look at the pre-need market, they mentioned that they look at Pre-Need as a “defensive posture” for holding on to call volume.  That was interesting to me because I have always looked at Pre-Need as…

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Assurant Financial Strength Affirmed

By Funeral Director Daily / April 25, 2018 /

While not specific to the death care portion of their industry, A.M. Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) for the U.S. property/casualty subsidiaries of Assurant, Inc.  The credit rating company has also affirmed the Long-Term Issuer Credit Ratings of Assurant at bbb+.  Best continues that the outlook of these Credit…

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Chinese Citizens Paid to Destroy Caskets

By Funeral Director Daily / April 25, 2018 /

I recently read an article from the South China Morning Post that you can read here.  The article touches on the fact that the Jiangnan City Daily reported that about 400 villagers in Shangrao county of Jiangxi province were paid about 1,000 yuan (about $159) to have their caskets crushed. The article goes on to say that…

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Memorial Mortuaries and Cemeteries Awarded “Best of Utah”

By Funeral Director Daily / April 24, 2018 /

The death care branch of public company Security National Financial Corporation, Memorial Mortuaries and Cemeteries, was awarded two of the Best of State Awards in Utah recently.  You can read about it in the company’s press release here. The Best of State Awards were presented in the categories of Best of State for Funeral Services…

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Massachusetts community to vote on Municipal Pet Crematory

By Funeral Director Daily / April 24, 2018 /

Two years ago the Massachusetts Cape Cod community of Harwich approved the transfer of land to the cemetery commission to build a pet cemetery for the community.  Roads and paths are being put in, landscaping has been done and the project even won an innovation award from the Massachusetts Municipal Association. Now, according to this…

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Settlement Reached in Mississippi Coroner Lawsuit

By Funeral Director Daily / April 23, 2018 /

Just last Friday we reported of a case that was in trial concerning the issue of six Mississippi black-owned funeral homes believing that they did not receive as many death calls, proportionately,  from the coroner of Harrison County as white-owned funeral homes did. The plaintiffs were asking for $870,000 in damages for the years 2012-2016.…

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The Prototype Greatest Generation Funeral

By Funeral Director Daily / April 23, 2018 /

Last week we learned of former First Lady Barbara Bush’s death. Over the weekend we received news reports on the visitation and funeral service.  I never really saw the events on television but on Sunday read about the visitation and funeral service on line and in my daily newspaper, The Minneapolis Star Tribune. It struck…

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