Finance

Our Take: Park Lawn/Carriage Services 2023 dance ending with no agreement probably worked out best for all concerned

By Funeral Director Daily / March 14, 2024 /

      Back in 2017 when I served on the board of the University of Minnesota I had a hand in the hiring of new Head Football Coach P.J. Fleck.  Coach Fleck is still there and has had some success coaching in the Big Ten.  Outside of the improvement of our team, I have…

Read More

Park Lawn Corp reports 2023. . . Revenues increase 6.6%

By Funeral Director Daily / March 11, 2024 /

      Park Lawn Corporation (PLC), a publicly-held funeral home and cemetery operator reported their 2023 4th Quarter and 2023 Full-Year financial results last week.  In those results, which you can see here, the company reported revenues for both the 4th Quarter and Full-Year of 2023 increasing from the comparable quarter and year.  They…

Read More

Carriage Services’ Mel Payne transitions to advisory role at company

By Funeral Director Daily / March 7, 2024 /

  Mel Payne has been listed as the co-founder, CEO, and Chairman of the Board at funeral home and cemetery operator Carriage Services since 1991.  In the company’s 2023 Year End Report which was made public on February 21 of this year, the company made note that Mr. Payne “has chosen to step down from…

Read More

Our Take: Expiration of SCI acquisition moratorium will lead to cascading deals soon

By Funeral Director Daily / March 5, 2024 /

    As you get older and older time seems to move faster and faster.  For those of us who were in the business back in 2013 we saw the  acquisition of Stewart Enterprises, then the 2nd largest funeral home and cemetery operator in the country, being acquired by the largest operator, Service Coporation International.…

Read More

Carriage Services CEO Carlos Quezada on 2023 Results: “. . instills confidence and excitement”

By Funeral Director Daily / March 1, 2024 /

  American funeral home and cemetery operator Carriage Services recently shared the results of their 4th Quarter and Year-End financials with the public.  In doing so, and in spite of a continuing COVID “pull forward” impact resulting in modest declines in funeral contract volume experienced during the year, the company reported total 2023 revenues 3.3%…

Read More

Propel Funeral Partners makes New Zealand acquisition, raises $80 million

By Funeral Director Daily / February 23, 2024 /

    Last year the largest death care service provider in Australia and New Zealand, InvoCare, was taken private in a buy-out by private equity company TPG Global.  It appears that action has led to the 2nd largest provider of death care services of those nations, Propel Funeral Partners, to rapidly move forward with their…

Read More

Park Lawn Corp adds to Colorado holdings through acquisition

By Funeral Director Daily / February 22, 2024 /

    A press release dated Tuesday, February 20, 2024, announced that the Park Lawn Corporation had acquired two stand-alone funeral homes and a stand-alone cemetery in the state of Colorado.  You can read the press release here.   Park Lawn Corporation announced that “it has completed the acquisition of substantially all of the assets…

Read More

Carly Simon and SCI: “Nobody does it Better”

By Funeral Director Daily / February 19, 2024 /

    I’m a James Bond movie fan and in 1977 the 10th movie of the series came out. . . “The Spy Who Loved Me” was the 3rd movie of the series to feature Roger Moore as James Bond and it also featured what became a #2 hit on the Billboard charts feature song…

Read More

Funeral company acquires three former SCI firms

By Funeral Director Daily / February 16, 2024 /

    In a press release that we received this week, from the Newbridge Group, we learned that three funeral homes in the state of Maine had been acquired by Family First Funeral Homes & Cremation Care.  The press release also stated, “three funeral homes previously under the ownership of Service Corporation International (SCI) have…

Read More

Matthews International First Quarter 2024 Earnings Call highlights

By Funeral Director Daily / February 12, 2024 /

  On February 1, 2024, Matthews International reported its 1st Quarter 2024 results.  We reported on that on February 5 with this article.  A day later they had an earnings call with investment advisors and today we bring you some quotes from that call.  You can access the entire transcript of the 1Q 2024 Earnings…

Read More

Subscribe to Funeral Director Daily
Enter your email address to join 3,496 readers who subscribe to all Funeral Director articles.

advertise here banner