Finance
Yesterday Park Lawn Corporation issued a press release stating that “it has declined to participate further in Carriage Services, Inc.’s (NYSE: CSV) (“Carriage”) previously announced strategic review process and that it has withdrawn its all cash proposal to purchase the outstanding stock of Carriage.” The press release which you can read here also…
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This morning’s edition of Funeral Director Daily looked at the situation that death care companies could be in if inflation and the high interest environment we are in stay with us for some time. Interestingly enough, Seeking Alpha author Gustavo Larraga Tapia published an article last week where he opined that death care…
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We know where we have been as interest rates and inflation have moved upwards in the last two years. . . but, do we know where we are headed with those items and how their future directions will affect our businesses going forward? I found some information that may be helpful to…
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Part of our mission at Funeral Director Daily is to help the individual funeral home owner or operator understand all facets of their business better and in more depth so that they have the knowledge to make decisions moving forward. In my 35 years of owning and operating a funeral home I tried to…
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About three weeks ago on August 16, 2023, an author at Seeking Alpha published this article on funeral home and cemetery operator Carriage Services. It is an interesting article that you should read as I think the author has a “better than most” understanding of how the death care market operates. In…
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It was back in March 2023 when Funeral Director Daily published this article about Park Lawn Corporation (PLC) acquiring the Meyer Brothers Funeral Homes’ five locations in the state-line cities of Sioux City, Iowa, and South Sioux City, Nebraska. According to a press release from Park Lawn Corporation the acquisition added five…
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InvoCare, Australia’s largest Death Care provider, announced its First Half results for 2023 last week. That was a little over two weeks after they agreed to be purchased by private equity firm TPG Global for a price announced at about US$ 1.18 billion. InvoCare, which also has operations in New Zealand and…
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We’ve just passed the time period where the companies that comprise the Funeral Director Daily Death Care Index (DCI) have publicly shared their results for the April thru June 2023 time period. The five companies that comprise the index include Matthews International, Security National Financial Corporation, Carriage Services, Park Lawn Corporation, and Service…
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Today we will try to catch our readers up with what has been happening in the acquisition pipeline for a couple of the public companies. . . . First of all, we will tell you that we received this press release last week from Park Lawn Corporation announcing the acquisition of the…
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On August 14, Security National Financial Corporation (SNFC) issued this press release on its 2nd Quarter 2023 financial results. The company which operates in three segments — Life Insurance, Memorial, and Mortgages, saw their after tax earnings increase nearly 78% from about $3.6 million in 2Q 2022 to over $6.3 million in 2Q…
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