Funeral Director Daily
On February 22 Carriage Services executives including CEO Mel Payne and Chief Financial Officer Ben Brink held a call with investment advisors relating to the Full Year 2018 results of Carriage Services. You can read a full transcript of that call here. A few days ago we reported on the earnings report in this column…
While I was researching for articles for today’s post it just hit me as I looked at the articles and I realized that just about everyday some funeral director is written up in their local newspaper because what they have meant to their community. Most of us are happy to be in the background just…
Park Lawn Corporation, the Toronto based cemetery and funeral home consolidator announced last week that they had reached an agreement to purchase Madison, Wisconsin based Cress Funeral Service for US$ 20.3 million. You can read a press release from Park Lawn here. Park Lawn, in their press release, makes these statements: The price to be…
America’s largest owner of funeral homes reported their 2018 4th quarter and 2018 Year End results on Monday, February 18. You can read a copy of the press release from Service Corporation International here. For the year, Service Corporation reported revenue of $3.190 billion as compared to 2017’s $3.095 billion — an increase in revenue…
Last week, just a few days after filing their 2Q 2018 financial report StoneMor Partners issued a press release that you can read here pertaining to their 3rd Quarter 2018 performance. The company continued to report a net loss as they reported a loss of $17.2 million for the quarter and a year to date…
After Life Mortuary Services opened last October and according to this article from the Memphis Commercial Appeal it is believed to be the first Memphis mortuary service to be owned and operated by black women. According to co-owner Dana Taylor, “It’s probably because it’s been a male-dominant field, and it’s been that way for years. …
A bill that would make composting of human beings a legal form of human disposition cleared its first hurdle in the State of Washington passing a Senate vote with a 36-11 margin last week. You can read an article about the vote and Senate bill SB 5001 here. The bill’s main sponsor, Sen. Jamie Pedersen…
Both StoneMor Partners and Assurant filed earnings reports in the last couple of days. Both companies are members of the Death Care Index (DCI) of publicly traded companies. StoneMor, which has had permission to file some reports on a delayed term, filed their report for the three months ending June 30, 2018. For that three…
The other day a funeral service professional asked me, “What do you see on the horizon for funeral service?” Since I have not put out any predictions for over a year I thought I would just give an answer on what comes to mind first for me. Instead of a long, thought out answer sometimes…
On January 31 Matthews International, parent company of Matthews Cremation and Aurora Casket, reported its first quarter of fiscal year 2019 which covers the period of October 1, 2018 to December 31, 2018. You can read the press release from Matthews here. As a company the consolidated sales totaled $374.2 million as compared to $369.5…
