Funeral Director Daily
Earlier in May the Attorney General of the State of California issued a press release which you can read here announcing an agreement with Service Corporation International (SCI) over an eight-year dispute on how SCI delivered on their preneed funding. In essence, concerning preneed sold through SCI’s Neptune and Trident locations in…
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One of my friends attended the latest convention of the International Cemetery, Cremation, and Funeral Association (ICCFA) and reported to me that “there were a crazy amount of post-cremation product vendors exhibiting available options”. And, sometimes when I walk into arrangement rooms where many post-cremation options are available I get a sense of how big…
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Park Lawn Corporation revealed their 1st Quarter of 2024 financials last week and you can access them here. The 1st Quarter of 2024 marks the first quarter of operations for the company coming off the disposition via sale to Everstory Partners of 72 cemeteries and 11 funeral homes that was consumated in December…
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Editor’s Note: This was our feature article for last Friday morning. However, for some reason still unknown to us, the server we contract to support our website was down for a few hours early in the morning. So, if you missed this article, here it is. . . . Matthews International reported their…
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Over the last couple of weeks I’ve had the opportunity to visit with many from the “Death Care” or “Funeral” industry. Those discussions made me realize that our profession has came a long way from the days of individual mortuaries owned only by individuals or families. By some accounts there are about…
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During this week I read two articles and when I did I wondered how the subject of each might affect funeral homes and the funeral business going forward. The articles included this one from Reuters titled “U.S. banks report weaker loan demand, Fed survey says” and this article from Morningstar titled “U.S. consumers…
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Funeral home consolidator and operator Carriage Services reported their financial results for the 1st Quarter of 2024 last week. In the Earnings Call following the release of the financials Carriage Services CEO and Vice-Chairman of the Board Carlos Quezada commented that the $100 million in quarterly revenue for the company represents “A significant…
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Last week I again had the privilige to attend what is now known as the “Tom Johnson Memorial Classic“. The “Classic” is part golf, part Death Care, but is really all about “Relationship Building and Friendship”. This year’s “Classic” was the 41st annual event. I’ve been to about 25 or so of…
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Apple has been seeing sales of its iPhone declining. The product, which makes up about 1/2 of the company’s sales, dropped in sales revenue another 10% in the last quarter according to Apple’s 2Q Financial Report which came out last week. According to this article however, Apple had a jump of…
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Service Corporation International (SCI) reported their 1st Quarter 2024 financial results last week. North America’s largest death care provider did show an increase in revenue of 1.6% to about $1.045 billion for the quarter, but showed Operating Income dropping 5.6% from the comparable 1st Quarter of 2023 and also showed a decrease of…
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