Funeral Director Daily
StoneMor Partners, based in Trevose, Pennsylvania, issued their 2nd Quarter 2017 financials and report on December 12. We bring them to you today. You can see their press release on the results here. Here are some of their highlights: Revenues for the quarter were $86 million which represents a $7.0 million increase from the same…
Read MoreThe other day I told you that I had become privy to a report done on the state of the American Casket industry. We gave out some insights on the industry and both its past decline and its probable future decline in units sold and dollar amounts sold. One of the things that I found…
Read MoreIt seems really ironic just to make the headline statement for someone who has seen the death care/funeral industry change so fast over my 35 year career. As I’ve said before, within a generation America has changed from a burial disposition society to one of a cremation disposition society. So, we have been anything but…
Read MorePark Lawn Corporation, the funeral industry consolidator out of Toronto, Canada, announced yesterday in this press release that they have obtained additional credit facilities which will poise them for further growth. The company announced a $125 million facility with the National Bank of Canada as the lead lender and participation from the Bank of Montreal…
Read MoreI’ve been able to receive a private report from November 2017 on the State of the American Casket Market. It is an extensive report that goes into who are the players in the industry, what is the market like, who has what percentage of market share, what is the profitability of the industry, and attempts…
Read MoreBack in the 1990s as our State of Minnesota began allowing insurance policies to be a repository for pre-need funeral arrangement funding, many funeral homes, mine included, started insurance agencies in order to profit from the decision. Since, Minnesota is a 100% trusting state, prior to that decision if a family gave you $5000 to…
Read MoreYesterday I mentioned that for small funeral homes more than 75 miles from a major metropolitan area it would be wise to be bold in pricing of cremation services. I mentioned that if you are that far away from a large metropolitan area families in your service area will feel comfortable using your firm –…
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