Posts
Park Lawn Corporation (PLC) reported their financial results for the 2nd Quarter of 2022 (April thru June) last week and their report was like many others we have seen — higher revenues, lower margins. You can see the press release here. For the quarter PLC reported Net Revenue of $75.9 million as compared to last…
Hillenbrand Industries, the parent company of Batesville Casket, reported its 3rd Quarter results earlier in the week. The 3rd Quarter for Hillenbrand encompasses the April thru June time period. It’s interesting to note that the Batesville segment of the business carried through with what we have been seen in the death care profession with other…
I was proof reading an article for Funeral Director Daily the other day and an odd thought hit me. I operated and managed our family owned funeral home for over 33 years and every day I went to work I did what had to be done and made many decisions. From time to time I…
This recent public relations press release indicating that a shift in attitudes of people in Great Britain about how people want to “Say Goodbye” to their loved ones makes one wonder if that shift will find its way across the Atlantic Ocean to the United States. One report found that “sales of direct cremation plans…
Propel Funeral Partners, billed as the 2nd largest provider of death care services in Australia and New Zealand announced last week its acquisition of Community Funerals and Cremations for Pets. Community Funerals operates from four locations in and around Cairns, Queensland, and was founded in 2008. Cremations for Pets was founded in 2017. The business…
The Choice Mutual annual survey on American burial preferences, that you can access here, has been released and it shows that preference for Natural Burial dispositions has grown since the 2020 survey while the preference for traditional services and cremation has declined. To be sure, Natural Burial only shows a preference of 10% of the…
Industry leading consulting firm Johnson Consulting Group along with industry leading financial firm Live Oak Bank will be combining to offer a webinar on Wednesday, August 10. The webinar title is “Opportunities for Growth and Expansion” and will offer advice on “financing in the funeral market such as first-time acquisition tips, ground-up expansions, renovations, refinancing,…
Last week the largest public company in the death care space, Service Corporation International, reported their 2022 2nd Quarter and Half-Year financial results. For the quarter which encompasses the April thru June 2022 calendar dates, company wide revenue rose to $990.9 million as compared to the same period of last year which totaled $987.5 million.…
I recently came across this article from the Dayton (Ohio) Daily News. The article told the story of the Routsong Funeral Home acquiring the Morris Sons “funeral business” of the same community. What was interesting was that the article told of the Routsong Funeral Home “picking up (the) pre-funded funeral service arrangements for an additional…
Mathews International, the global provider of memorialization products, industrial technologies, and brand solutions reported their Fiscal 3rd Quarter last week. That quarter encompasses the April thru June 2022 time period. In reporting their Memorialization segment finances we note that they may be reporting what we believe could become a common theme in death care company’s…
