Posts

Matthews: Memorialization sales rise, adjusted EBITDA drops for the year

By Funeral Director Daily / November 29, 2022 /

Matthews International, parent company of Matthews Cremation and Aurora Casket, announced their Fiscal Year 4th Quarter and Year End 2022 results last week.  President and CEO Joseph C. Bartolacci said this in the opening statements of the report, “I am pleased with our operating results for the fourth quarter and fiscal year ended September 30,…

Death Care Index mirrors NASDAQ on the year

By Funeral Director Daily / November 28, 2022 /

As we move into the final month of the calendar year it seems like no one has the financial markets figured out.  In a year of rising inflation and rising interest rates, raised with the intention of curbing the inflation, the stock market indices have looked confused as to whether the worst is past or…

Checking in on Natural Organic Reduction

By Funeral Director Daily / November 25, 2022 /

In December it will be a full two years since Recompose, the United States first human natural organic reduction (NOR) disposition service was legal and open for business.  NOR is more commonly known as “human composting”. We thought it might be a good time — on the precipice of the business’ second anniversary of being…

The Best of Baltimore

By Funeral Director Daily / November 23, 2022 /

In my home state of Minnesota there is a sports writer who every Thanksgiving creates an article and makes a case for the worst person or thing that has happened on the Minnesota sports scene in the past year.  I’ve taken some inspiration from that but have also taken into account something my mom drilled…

Batesville notes from Hillenbrand Industries Quarterly Report

By Funeral Director Daily / November 22, 2022 /

Last week Hillenbrand Industries reported their Fiscal Year 4th Quarter of 2022 and their Year End results for Fiscal Year 2022.  It is noted that Hillenbrand operates on an annual fiscal year calendar from October 1 to September 30. Over the years Hillenbrand has moved from a company predominantly based in the death care business…

Your Business Value: A Funeral Home Owner’s Guide to Prepping for 2023

By Funeral Director Daily / November 21, 2022 /

Editor’s Note:  Today’s guest columnist is Jake Johnson, CEO of Johnson Consulting Group.  His article begins here:   It’s no secret to anyone right now that businesses everywhere are feeling the impacts of inflation. The funeral profession specifically has seen a rise in costs, and it’s resulted in increased stress and pressure on owners. These…

Security National after tax earnings decline 121% in 3Q 2022

By Funeral Director Daily / November 18, 2022 /

In the 3rd Quarter of 2022 earnings release for Security National Financial Corporation (SNFC) released earlier this week, Scott M. Quist, the company’s President stated, “2022 is continuing to be a challenging year for our Company due primarily to the dramatic rise in inflation and interest rates, and the dramatic fall in equity values. In…

Top-read articles for the past 30 days

By Funeral Director Daily / November 17, 2022 /

We’ve already passed the mid-point of November and that means that Funeral Director Daily will go back over the past 30 days and let our readers catch-up with the Top Read articles in that time period. And, we are happy to tell you that we seem to have passed a point where we now consistently…

Online price lists are showing up

By Funeral Director Daily / November 17, 2022 /

Earlier this week I was informed by a Funeral Director Daily reader that online price lists have started to appear on the websites of Service Corporation International (SCI) funeral homes.  Just to be clear, I’m not sure that this is news or not — because I’ve never taken the time to check out individual SCI…

You can’t take it with you, but. . . .

By Funeral Director Daily / November 16, 2022 /

You have all heard it said many times, especially because we are in the funeral business, “You can’t take it with you“.  That refers to taking your bank accounts to the great beyond and spending money there. But, according to an article in Forbes Magazine, you can earn a lot of money posthumously.  As a…