Funeral Director Daily

Public funeral home company stocks “Pop” on Earnings Report, Election results

By Funeral Director Daily / November 11, 2024 /

    It was a fairly uncommon occurence on October 30 when the two largest public funeral home and cemetery operating companies reported their 3rd Quarter results on the same day.  Both companies, Service Corporation International (SCI) and Carriage Services, reported “after the financial markets closed’ that day.  So, the first trading that could be…

Today is Veterans Day

By Funeral Director Daily / November 11, 2024 /

    If you work in the consumer facing Death Care business it’s pretty likely that you come into contact with Veterans of the United States Armed Forces on a consistent basis.  For me, as a funeral director, most of my time with the older veterans in my community was at funeral services where they…

SCI opens “Nation’s First-of-its-Kind” Mausoleum

By Funeral Director Daily / November 8, 2024 /

    In a press release we received last week funeral home and cemetery operator/consolidator Service Corporation International (SCI) announced the opening of its new property in Sandy Springs, Georgia.   According to the press release that you can read here, the company’s Arlington Memorial Park is “the first memorial structure of its kind designed…

Washington state funeral home purchases competitor

By Funeral Director Daily / November 7, 2024 /

  This article from the Tri-City Herald of Washington state lets us know that what will now be the largest funeral home operator in the Tri-Cities, Einan Funeral Homes, has grown by adding Hillcrest Funerals and Cremation to their group of funeral homes and cemeteries.   Those funeral homes are located in Kennewick and Pasco,…

NFDA recaps New Orleans

By Funeral Director Daily / November 6, 2024 /

  The National Funeral Directors Association (NFDA) recently held their annual international convention and expo in New Orleans, Louisiana.  Here’s a link to the NFDA website where they recap all that happened.   If you don’t have time to read it all, here’s a little quote from NFDA’s first paragraph, “Participants engaged in cutting-edge education,…

Park Lawn continues Texas growth

By Funeral Director Daily / November 6, 2024 /

  On Monday of this week Park Lawn Corporation announced that they had continued their Texas acquisition growth with the purchase of the Callaway-Jones businesses located in and around Bryan, Texas.   According to the press release which you can read here, Park Lawn Corporation acquired  “substantially all the assets of Callaway-Jones Funeral Home and…

It’s Election Day. . .Tomorrow let’s move on and be better human beings

By Funeral Director Daily / November 5, 2024 /

    Well, here we are — Election Day 2024!  Tomorrow some will be happy, some will be sad, some will have joy, and some will have angst in their hearts.   I get it — we all want to win and in a divided country it certainly seems like only 50% will.  But you…

Carriage Services 3Q revenue grows over 11% when compared to last year

By Funeral Director Daily / November 4, 2024 /

    Here’s what Carriage Services Vice-Chairman and CEO Carlos Quezada said in prepared statements accompanying Carriages Services 3rd Quarter 2024 financial reports, “I am pleased to announce that our growth continues with another strong quarter of performance. Our cemetery sales team achieved a notable increase of 27.1% year-over-year in preneed sales, affirming the continued…

SCI 3rd Quarter 2024 – My opinion: Pretty much status quo

By Funeral Director Daily / November 1, 2024 /

    You can access the report on Service Corporation International’s (SCI) 3rd Quarter of 2024 here.  When you do, I’m of the opinion that you will see it looks pretty much like the 3rd Quarter of 2023.   Here’s a couple of Top-Line highlights as presented early in the report by SCI: Revenue grew $12.1…

Posting your Prices Online: A podcast about it

By Funeral Director Daily / October 31, 2024 /

  There was a lot of talk at the recent National Funeral Directors Association (NFDA) Convention about the Federal Trade Commission (FTC) and the upcoming review of the “Funeral Rule”.   While it is true that we don’t know when the FTC will make a final ruling on the “Rule”, the consensus of those who stay…