Funeral Director Daily

Batesville Casket 1Q 2017 financials down slightly

By Funeral Director Daily / February 7, 2017 /

Hillenbrand announced earnings for the first quarter of fiscal 2017 (three months ended December 31, 2017).  The company’s Batesville casket business had a 2% decline in revenue and a 3% decline in EBIDTA (earnings before interest depreciation and amortization).  You can download the earnings slides here.   You can read the Seeking Alpha earnings call…

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Funeral News Tuesday February 7

By Funeral Director Daily / February 7, 2017 /

Alva Review Courier reports that there is a shortage of funeral directors in Oklahoma.  36,000 people die annually and the number of licensed funeral directors, embalmers, student apprentices and funeral homes have declined.  The Director of the State’s funeral board wants to streamline the process of certifying funeral directors. The Lacrosse Tribune says that dogs…

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Weerts Funeral Home sold to Service Corp International

By Funeral Director Daily / February 7, 2017 /

Quad-City Times reports that Weerts Funeral Home has been sold to Service Corp International.  Weerts was founded in 1909 and adquired by David Deuth from Jim Weerts in 2005.  The firm developed a state of the art cremation center in 2012. Service Corp International owns and operates 2,000 funeral homes and cemeteries in North America.

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Motif Investing Bullish on Funeral Industry

By Funeral Director Daily / February 7, 2017 /

Motif Investing is bullish in the funeral industry for two reasons: aging baby boomers will increase the demand for funerals and cremations between now and 2036; and 80% of funeral providers are private which provides room for consolidation.  

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Matthews Memorialization Flat in 1Q 2017

By Funeral Director Daily / January 26, 2017 /

Matthews International announced revenue for the first quarter of fiscal 2017 (3 months ended  December 31, 2016).   You can read the earnings release here and the Seeking Alpha earnings call transcript here.  Funeral Director Daily will focus on the performance of the company’s memorialization segment which produces headstones, caskets and urns. Memorialization sales declined…

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Stonemor Partners CFO departs.

By Funeral Director Daily / January 23, 2017 /

TREVOSE, Pa., Jan. 23, 2017 (GLOBE NEWSWIRE) — StoneMor Partners L.P. (NYSE:STON) (“StoneMor” or the “Partnership”) today announced that Sean P. McGrath resigned as Chief Financial Officer of StoneMor GP LLC (“StoneMor GP”), the general partner of the Partnership, to pursue business opportunities outside the deathcare industry. Mr. McGrath will remain in his current role…

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StoneMor Partners L.P. Issues $20 million private placement

By Funeral Director Daily / January 3, 2017 /

TREVOSE, Pa., Jan. 03, 2017 (GLOBE NEWSWIRE) — StoneMor Partners L.P. (NYSE:STON) (“StoneMor” or the “Partnership”) today announced that on December 30, 2016, StoneMor GP Holdings LLC, the sole member and owner of the general partner of the Partnership, acquired 2,332,878 common units representing limited partner interests of the Partnership in a private placement for…

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Carriage Services Acquires Rich & Thompson Funeral Services in North Carolina

By Funeral Director Daily / November 15, 2016 /

HOUSTON, Nov. 15, 2016  Carriage Services, Inc. (NYSE: CSV) is pleased to announce that we have partnered with Rich & Thompson Funeral Services in the Strategic Market of Raleigh/Durham/Greensboro in North Carolina.  Dating back to 1913, the Rich & Thompson name has been a prominent name in funeral service in both Burlington, NC and Graham, NC.…

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