Funeral Director Daily

Matthews works through “flat-market” quarter

By Funeral Director Daily / May 13, 2024 /

  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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Knowing the value of the “Front-Line” worker

By Funeral Director Daily / May 13, 2024 /

    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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Banks report “Weaker loan demand”, Consumers pull back on credit: What does that mean for your funeral home?

By Funeral Director Daily / May 9, 2024 /

    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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Carriage Services CEO Quezada on 1Q Financials: “A significant milestone for Carriage’s history”

By Funeral Director Daily / May 8, 2024 /

    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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The “Tom Johnson Memorial Classic” raises over $150k in three days

By Funeral Director Daily / May 7, 2024 /

    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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Take a cue from Apple. . . Sell more services

By Funeral Director Daily / May 7, 2024 /

      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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SCI’s 1Q24 results point out some Death Care headwinds

By Funeral Director Daily / May 6, 2024 /

    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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A transition in leadership at Foundation Partners Group

By Funeral Director Daily / May 3, 2024 /

    We learned late last week that CEO Kent Robertson was leaving cremation centered acquisition group and operating company Foundation Partners Group and also learned that the interim management of the Orlando, Florida, based business would be led in the interim by Chris Blackwell with assistance from former FPG CEO Bob Bukala.   In…

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Technology will be/is here for your funeral home

By Funeral Director Daily / May 2, 2024 /

    A pager that allowed me out of the funeral home. . . .telephone transfers that allowed death calls to be “transfered” to one’s home phones.  That’s about the extent of technology when I started in the funeral business. . . Oh, I suppose you also could consider electric typewriters and better carbon to…

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Because that’s where the money will be. . . .

By Funeral Director Daily / May 1, 2024 /

  Again today I’m building off some of the impressions that my friend, Rolf Gutknecht of LA Ads – A Marketing Agency had during his time at the recent ICCFA Convention in Tampa.  As mentioned in yesterday’s article, Rolf puts out a little paper titled “Insights” which included his impressions of the convention.   Today,…

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