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If you follow the news and know what is happening with the budgets of Chicago and the State of Illinois recent news from the Chicago Daily Herald is somewhat surprising. For the first time in years, Illinois lawmakers have made money available for funeral homes who handle the poor and indigent. According to the article,…
Read MoreWorldwide conglomerate Matthews International posted expected in-line earnings of $1.05/share as compared to $0.97/share for the same quarter a year ago. Quarterly revenues were $389.6 million as compared to $382.1 million last year and quarterly profits were $29.5 million as compared to $23.9 million. You can see their Press Release here. Management reflected that higher…
Read MoreIt’s always interesting to look at the earnings reports of the Death Care industry’s public companies and try to not only glean how those companies are doing, but, what does this mean for my independent funeral home. I think, as I’ve read the reports Wednesday night and into Thursday, this quarter is no exception in…
Read MoreOn Thursday, July 26, funeral home consolidators Carriage Services and Service Corporation International both reported 2nd Quarter earnings. Carriage Services came in at a diluted per share income of $0.30 when they had estimated an income of $0.40 per share. Their stock lost 1.16% to close at $26.49 for the day on the news. You…
Read MoreI had never heard of Philadelphia funeral director Patricia Quinn until this morning. However, in my morning search for articles that would be of interest to subscribers of Funeral Director Daily I came across People Magazines People.com story on her. It turns out that Ms. Quinn is a Philadelphia area based funeral director who back…
Read MoreGlobal pre-need provider, Assurant, traded at a yearly high yesterday of $106 per share. You can read about it here. Today also tips off earnings week releases of most companies in the Death Care Index (DCI). Carriage Services and SCI will report after market close today followed by Matthews International tomorrow. Assurant and Hillenbrand Industries…
Read MoreAn article entitled, “This is Australia’s Most Expensive City to Die in” caught my eye. However, in reading the article which was published in Australia’s Startsat60.com the main point about the difference in city’s costs was not what intrigued me. The article points out that in Australia an average funeral with burial would cost about…
Read MoreSince 1986 the country of France has banned the embalming of bodies of those who have been known to host the HIV virus. On Thursday, July 20, 2017, that ban was lifted according to an article we found in The Local, France’s English language paper. According to the article embalming is generally done on about…
Read MoreYesterday’s edition of the Morning Call, a newspaper covering the Lehigh Valley in Pennsylvania carried an article about a new crematory receiving permission to be installed by the Fullerton Wilbert Vault and Burial Company in the Lehigh Valley. It goes on to say the the zoning board unanimously approved the installation for a business that…
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