Funeral Director Daily
Matthews International, the parent company of Matthews Aurora Casket and Matthews Cremation reported their April, May, and June 2024 quarter in early August. The company reported a revenue drop of 9.4% in total and a revenue drop of 3.0% in the Memorialization segment for that quarter when compared to the same period in 2023.…
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They are bold. . . . . no doubt about it. And, since they set out upon their mission to distribute caskets directly to the consumer they have defied most predictions and continue to grow. Now, the Titan Casket Company has came out with what may be their boldest decision yet. . .…
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We received this press release yesterday that spells out that Park Lawn Corporation received approval (The Final Order) from the Ontario Superior Court of Justice that allows for the transfer of ownership of the company from Park Lawn Corporation to a company called Viridian Acquisition Inc., which is a wholly-owned subsidiary of Viridian…
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The funeral and cremation business continues to evolve. . . . But, are we stuck in some of the “same old business” methods and way too slow for today’s consumers to keep us relevant? That’s a question that I asked myself last weekend. Let’s go back to the early 1900’s and the…
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Carriage Services, the large Houston-based operator of funeral homes and cemeteries, reported their 2nd Quarter 2024 financials last week. (You can access the report here.) The report marked the second straight quarter in which they have recorded over $100 million in revenue. . . posting revenue of $102.3 million in 2Q24 which compares…
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Eirene Cremations, the Toronto based direct-cremation business seems to have vanished from the world of Death Care. It was not so long ago that the company announced expansion into Western Canada and the state of Florida from their Toronto base. Then only a couple of weeks ago Funeral Director Daily was told…
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We reported on the 2nd Quarter of 2024’s results for Service Corporation International (SCI) in this morning’s edition of Funeral Director Daily. Prior to that report coming out on Augut 1, Seeking Alpha author Daniel Jones authored an article on SCI on July 28, 2024. That article was titled “Service Corporation International: Thoughts…
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Service Corporation International (SCI) reported their 2nd Quarter 2024 report last Wednesday and if the stock market is an indication, because as I write this on Thursday morning SCI stock is off its Wednesday close by over 7%, that report, that you can access here, brought to light some of the issues challenging…
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Next week we will be commenting on how the public companies in Death Care have done over the 2024 2nd Quarter, but it is always good to be reminded that the individual owners and operators are the ones that truly drive funeral and cremation care. . . . .And, it’s good to be reminded…
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Funeral home owners and managers in the United States, and around the world, have had a lot on their business management plates in the 2020’s decade. Along with the continual increasing use of cremation and direct cremation instead of casketed burials came the pandemic, then inflation, which when measured by the Consumer Price…
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