Funeral Director Daily
Propel Funeral Partners, the funeral home, cremation, and cemetery company that serves Australia and New Zealand is seeing their stock continue to rise since their initial public offering (IPO) in November. According to an article in the Motley Fool from December 27, 2017, the stock has moved from an IPO price of AUS $2.70 to…
One of every owners worst nightmares came true on Tuesday, December 26, to Jerry Lee Taylor, the owner of Taylor Funeral home in Gibson, Georgia. Early that morning fire raged through his funeral home in the rural Georgia town as explained in a story and video seen here from WJBF Television of Augusta, Georgia. According…
Last week I wrote an article dealing with the professional staffing shortage in the death care industry. While there is some question, depending on who you talk to, as to whether the funeral service staffing shortage is perceived or real, there is no doubt that the economy keeps humming along in America and Economics 101…
On December 19 Standard and Poor’s Global Ratings issued a rating on Hillenbrand’s amended $900 million unsecured revolving credit facility expiring in December 2022. The rating assigned was BBB. The company restated that it will use this credit facility for financing working capital needs and general corporate purposes. Standard and Poor’s gave the following reasons…
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…
The 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…
It 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…
Park 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…
I’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…
