Last week Park Lawn Corporation (PLC) announced their 1st Quarter of 2022 earnings results. For the period ended on March 31, 2022, the company increased their revenue 17.5% to $83.1 million as compared to the 1Q of 2021 when they reported $70.5 million in revenue. The company also reported Net Earnings of $8.7 million in 1Q 2022 as compared to $7.7 million in 1Q 2021 — that’s a 12.9% increase. You can access the Park Lawn Corporation 1Q22 press release […]
Hillenbrand Industries, parent company of Batesville, reported its 2nd Quarter 2022 (January thru March) last week and with it reported that the Batesville division increased their sales over the same quarter of last year by 6% to $176 million for the quarter. That was done, for the most part, by implementing a “price surcharge” in January 2022 to “offset the significant increase in commodity costs.” The quarterly report, which you can read here, also made mention that “Burial casket […]
Service Corporation International (SCI), North America’s largest grouping of funeral homes and cemeteries reported their 1st Quarter 2022 financial results last week. The company reported increased total sales of 3.2% which resulted in 1Q 22 revenue of $1.112 billion as compared to the 1st Quarter of 2021 where they reported sales of $1.077 billion. That’s an increase of over $34 million in sales for the quarter as compared to last year. The results came on the heels of a reported […]
We’ve mentioned that many death care companies are intent on growing and right now many seem to have the cash-flow to fuel those acquisitions that lead to company growth. Just last week Wilbert, Inc. announced an acquisition of a molding and finishing manufacturer who produces casket hardware, automotive/transportation components, and other consumer products. On the same day of that acquisition announcement, Park Lawn Corporation, a public company involved in Death Care mainly in the consumer funeral and cemetery businesses, announced […]
Carriage Services reported their 1st Quarter of 2022 last week and in doing so highlighted the strength of their funeral home operations. “Same Store” service contracts increased about 3.3% and average revenue on those services increased 1.2% over the same period of last year which led to a Funeral Home Operating Revenue increase of $3.3 million and Total System Revenue of $98.2 million (a 1.6% increase) even as the Cemetery Division revenue decreased almost 5% for the quarter. For 1Q […]
Matthews International, an international conglomerate which serves the death care industry with memorial products, reported their January through March 2022 financial numbers last week. Because they choose to report on a Fiscal Year that begins on October 1 each year, this report is considered their 2022 2nd Quarter Report. You can access a copy of it here. In short, Matthews reported total revenues for 2Q 2022 of $444.9 million as compared to the same period in 2021 when they reported […]
When you read this it will already be May 2022 and we will be two-thirds of the way into the 2nd Quarter of most company’s 2022 business year. As a matter of fact, the reports of January thru March have already started to roll out as Matthews International provided us information on the January thru March period just last week. We will be reporting on that later this week. However, I was asked by some in the death care business […]
Over last weekend while doing some research I stumbled across this article on Matthews International. As you may know Matthews is the parent company of Aurora Caskets and Matthews Cremation. What you maybe don’t know is that they are a world-wide conglomerate who is making a big bet on the electric car market with a dry cell battery division (Saueressig) that counts Tesla as its number one customer and, according to the article, is set to grow with other electric […]
The markets were closed on Good Friday and we thought that might be an appropriate time to take a look at how the stocks that comprise the Funeral Director Daily Death Care Index (DCI) have been doing in relation to each other and in relation to the stock market as a whole since the beginning of the year. What we found that you are probably aware of if you listen to business news is that the market indexes most followed […]
Security National Financial Corporation (SNFC), the Utah based multi-pronged company with divisions in funeral homes and cemeteries and also with its insurance division involved in preneed insurance, had its full-year after-tax earnings drop from $55.5 million in 2020 to $39,5 million in 2021. It’s Earnings before taxes also dropped about $20 million for the three segment company. However, all of that reduced profitability occurred in the company’s Mortgage Division while earnings before taxes from its Life Insurance Division and Memorial […]
