Finance
Matthews International, which provides memorialization products and cremation solutions among its multi-faceted business segments announced their Fiscal 4th Quarter and Fiscal Year End results last Thursday. Matthews operates on a fiscal year that ends on September 30 of each year. While the company had some positive attributes for the quarter such as…
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Security National Financial Corporation (SNFC) filed their 3rd Quarter 2024 Form 10-Q last Thursday and with that filing we got a look at the company’s financial results for the 3rd Quarter of 2024. In that report we noticed that the Revenue for the company’s Mortuary and Cemetery division dropped by 5.8% as compared…
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This article from the Tri-City Herald of Washington state lets us know that what will now be the largest funeral home operator in the Tri-Cities, Einan Funeral Homes, has grown by adding Hillcrest Funerals and Cremation to their group of funeral homes and cemeteries. Those funeral homes are located in Kennewick and Pasco,…
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On Monday of this week Park Lawn Corporation announced that they had continued their Texas acquisition growth with the purchase of the Callaway-Jones businesses located in and around Bryan, Texas. According to the press release which you can read here, Park Lawn Corporation acquired “substantially all the assets of Callaway-Jones Funeral Home and…
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Here’s what Carriage Services Vice-Chairman and CEO Carlos Quezada said in prepared statements accompanying Carriages Services 3rd Quarter 2024 financial reports, “I am pleased to announce that our growth continues with another strong quarter of performance. Our cemetery sales team achieved a notable increase of 27.1% year-over-year in preneed sales, affirming the continued…
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You can access the report on Service Corporation International’s (SCI) 3rd Quarter of 2024 here. When you do, I’m of the opinion that you will see it looks pretty much like the 3rd Quarter of 2023. Here’s a couple of Top-Line highlights as presented early in the report by SCI: Revenue grew $12.1…
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At Funeral Director Daily we don’t “break news” — we report on it and offer experienced analysis, ideas, and suggestions on the news that has happened. That being said, the headline for this article on the resignations of three Tribute Technology employees does not come as a surprise to me. This news was…
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It’s an interesting week in the Death Care profession. Not only do we have Halloween coming up on Thursday, but the day before that, Wednesday, October 30, both of the two largest public funeral home and cemetery operating companies in America are expected to report their 3rd Quarter 2024 earnings. Depending on how…
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In the last calendar year – dating back to October 16, 2023 – Matthews International stock, the parent company of Aurora Casket and Matthews Environmental Solutions (cremation), has dropped over 44% in a world, by contrast, where the Dow Jones Industrials have risen over 25% for the same dates. A recent (October 6,…
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Last week I read this press release from Service Corporation International (SCI) that was headlined “Service Corporation International announces Leadership Promotions”. As I read through the announcement it reflected the fact that SCI was making some changes in its leadership structure. While I don’t know the exact circumstances, in reading the press…
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