Batesville Casket’s parent company, Hillenbrand Industries, reported Fiscal Year 2021 and FY 4th Quarter 2021 results last week. In that report, that you can read here, they reported that the Batesville segment produced revenue of $623 million for the year. . . a 13% increase over FY2020. It should be mentioned here that FY2020 included the months of October, November, and December of 2019. . . a period in which no Covid deaths were reported in North America. In contrast, […]
StoneMor Inc., the Pennsylvania cemetery/funeral home consolidator and operator reported their 3rd Quarter results for 2021 earlier this week. In a prepared statement, company CEO Joe Redling stated, “The third quarter continued to build on the positive performance trends of the past year and half, with top-line revenue growth of 13.2% and 19.2% for the three and nine months ended September 30, 2021, respectively, when compared with the same periods in 2020.” Here are some of those positive results as […]
Publicly traded funeral home and cemetery operator Park Lawn Corporation (PLC) released their 3rd Quarter 2021 results last week and CEO Brad Green said this in a prepared press release statement, “The third quarter exceeded our expectations, especially given the continued decline of COVID-19 deaths served by our businesses. Despite this, we saw an increase in the number of families that we served in our comparable businesses in both our funeral homes and cemeteries. Likewise, we continued to see an […]
Thursday night into Friday morning brought Minnesota’s first snowfall of the 2021-2022 winter season. It was light, but created slippery conditions outside that forced me onto an indoor treadmill run on Friday morning. My 2 1/2 mile daily run is punctuated by the fact that I have a lot of stamina. . . just not a lot of speed. On an indoor run, the result of that fact is I get about 25 minutes to catch up with the morning […]
Service Corporation International (SCI), the largest provider of funeral services in North America, recently released their 3rd Quarter 2021 results and following that company executives answered questions from stock analysts about the company and death care in general. You can read a complete transcript of that commentary here. If you are not interested in reading the entire transcript here are some things that Funeral Director Daily found interesting from the discussion and we center on the items of Covid deaths, […]
Funeral home and cemetery consolidator Carriage Services reported on the financial results of their 3rd Quarter for 2021 and in doing so reported record 3rd Quarter revenue for a quarter of $95.0 million. That is 12.6% higher than the $84.3 million of revenue recorded in the 3rd Quarter of 2020. Here’s what is said in the press release from Carriage Services that you can read here, “All five of our field reporting segments executed at an extremely high level during […]
Service Corporation International (SCI), the largest funeral home and cemetery operator in North America reported their 3rd Quarter 2021 financial results on Wednesday. You can see them for yourself here. Here’s some of what Tom Ryan, Service Corporation’s CEO said of the 3Q 2021 results, “Today we are reporting another strong quarter with earnings . . . . .growth in adjusted earnings per share is primarily driven by significant increases in the revenues and gross profits of both our funeral […]
Propel Funeral Partners of Australia and New Zealand announced last week, in this announcement, that they had raised $AU 50.2 million via a placement with institutional investors. They also announced that they are offering eligible existing shareholders the opportunity to purchase a total of up to $AU 10 million via a share purchase plan. Here’s what Albin Kurti, Managing Director of Propel said in the release, “We are delighted by the support received from Propel’s existing institutional shareholders and to […]
We found this report, dated October 21, interesting from Zacks Equity Research. Here’s an interesting couple of lines from the report. . .”SCI is likely to display year-over-year declines in the top and bottom lines, when it reports third-quarter 2021 numbers on Oct 27. The Zacks Consensus Estimate for revenues is pegged at $800 million, suggesting a drop of 12.9% from the prior-year quarter’s reported figure.” Service Corporation International is expected to report 3rd Quarter earnings on October 27 (tomorrow). […]
On Friday the Dow Jones Industrial Average (DJIA) set a new record high by closing at 35,677. On January 1, 2021, the DJIA stood at 30,606 so that high on Friday indicates a 16.6% increase year to date for 2021. That’s pretty impressive. . . . and the NASDAQ closed Friday up 19.1% year to date and the S & P 500 index also closed on that date with a 20.9% increase year to date. Pretty impressive. . . but […]
