Starmark acquires AMA Containers

By Funeral Director Daily / April 19, 2024 /

It was announced earlier this week that Starmark, a leading manufacturer of innovative funeral products, has acquired AMA Containers.  AMA was originally founded in 1991 as Airline Mortuary Associates.   Starmark, according to the press release, was founded in 2004 and since that time have provided what they call “Sensible Solutions®” for cremation.   The press…

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Seeking Alpha has a recent opinion on Carriage Services

By Funeral Director Daily / April 17, 2024 /

    Every once in a while the writers at Seeking Alpha put out an article on one of the Death Care Index stocks — Carriage Services, Service Corporation International, Park Lawn Corporation, Security National Financial Corporation, and Matthews International.  When they do, we like to pass that information along to our readers.   On…

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Security National Financial CEO on their Memorial Segment: “Growth. . .is our goal”

By Funeral Director Daily / April 11, 2024 /

  It took awhile, but Security National Financial Corporation (SNFC) finally got around to posting the results of the company’s 2023 year just last week.  And, there is no doubt that SNFC’s Memorial Segment was one of the highlights of that report as that segment reported 10% revenue growth and 38% Earnings before Taxes growth…

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Know your customer — How’s their credit?

By Funeral Director Daily / April 3, 2024 /

    The American economy keeps spending, yet we hear that families are getting squeezed by the combination of high prices and high interest rates.  We also hear that high interest rates don’t seem to be stopping the consumer which in turn would put a turn-down on the economy making a reason for lowering interest…

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Death Care continues to lag other market sectors

By Funeral Director Daily / April 1, 2024 /

  The American stock market closed on Thursday, March 28, 2024, for the last time in the calendar of the 2024 First Quarter.  If you look at the results so far for the overall market for these first 3 months you would have to say that the results of the 1st Quarter as to the…

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Propel Funeral Partners reports 1st Half 2024

By Funeral Director Daily / March 26, 2024 /

    The growth of Propel Funeral Partners of Australia and New Zealand is apparent when you look at the company’s financial report covering the 1st-Half of 2024, ending on December 31, 2023.  In looking at the report you will see that, what is now believed to be the South Pacific’s largest “publicly-held” death care…

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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…

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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…

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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…

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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.…

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