Funeral Director Daily
After the markets closed yesterday funeral home and cemetery consolidator Carriage Services announced their results for the 3rd Quarter of 2018. The company announced quarterly revenues of $64.2 million which was an increase of 5.2% over the same period of a year ago and a Net Income of $2.2 million – which is a decrease…
Read MoreJack Mitchell’s great-great-great uncle started the Mitchell Wiedefeld Funeral Home in Baltimore in 1837. According to an article and news report from WBAL- TV that you can read and see here, it is one of the oldest funeral homes in Baltimore and has a rich history. Mitchell is quoted in the article when he says,…
Read MoreToday we are bringing you two items that relate to the death care industry being in the courts. The first item that you can read about here involves the Trump administration and its Department of Justice filing a brief to the U.S. Supreme Court in defense of a funeral home owner who was sued and…
Read MoreDeath care public company and industry leader Service Corporation International announced 3rd Quarter results yesterday and with the announcement came earnings news of $0.37 per share for the quarter compared to $0.29 per share in the same quarter one year ago. Total revenues, which include acquisitions, are up for the quarter to over $778 million…
Read MoreWhile I did not attend the recent National Funeral Director’s Association gathering in Salt Lake City, I recently visited with an attendee about the gathering. One of the things that this veteran funeral director told me was that he cannot remember a time when so many traditional funeral home owners talked about revenue declines and…
Read MoreLast week public market funeral home and cemetery operators Park Lawn Corporation and Carriage Services made announcements about their dividends to stockholders going forward. In an article that you can read here Park Lawn Corporation announced that they will be paying a monthly dividend in November of $C 0.038 per share – which on an…
Read MoreYou can read an article here from Sacramento’s CBS Local which explains a jury award just last Friday that amounted to $605,000 victory for the mother of an infant cremated without her expressed wishes. The Los Angeles County based case actually put the damages to the mother at $1.1 million but also said that the…
Read MoreA lot happened in the death care industry this week. Here some links to stories that we were not able to tell you about: A California fire department being called out for a fire in a crematory. Read here. A community meeting in Chicago after gunfire breaks out at a funeral. Read…
Read MoreThe idea of a “Death Cafe” is somewhat new according to this article from Pennsylvania. It’s not what you might think and this one was started by funeral director Carolyn Fletcher about three years ago in the Pittsburgh area. According to the article the concept started in 2011 in England and there are now regularly…
Read MoreThe second and third largest funeral home firms in Spain are considering a merger according to this article from Reuters. Santa Lucia’s subsidiary Albia and Mapfres’ subsidiary Funespana are the number two and three in funeral services in the country and are contemplating teaming up to become a company that would do about $229 million…
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