Finance
Matthews International, the parent company of Matthews Aurora Casket and Matthews Cremation reported their April, May, and June 2024 quarter in early August. The company reported a revenue drop of 9.4% in total and a revenue drop of 3.0% in the Memorialization segment for that quarter when compared to the same period in 2023.…
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We received this press release yesterday that spells out that Park Lawn Corporation received approval (The Final Order) from the Ontario Superior Court of Justice that allows for the transfer of ownership of the company from Park Lawn Corporation to a company called Viridian Acquisition Inc., which is a wholly-owned subsidiary of Viridian…
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Carriage Services, the large Houston-based operator of funeral homes and cemeteries, reported their 2nd Quarter 2024 financials last week. (You can access the report here.) The report marked the second straight quarter in which they have recorded over $100 million in revenue. . . posting revenue of $102.3 million in 2Q24 which compares…
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Eirene Cremations, the Toronto based direct-cremation business seems to have vanished from the world of Death Care. It was not so long ago that the company announced expansion into Western Canada and the state of Florida from their Toronto base. Then only a couple of weeks ago Funeral Director Daily was told…
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We reported on the 2nd Quarter of 2024’s results for Service Corporation International (SCI) in this morning’s edition of Funeral Director Daily. Prior to that report coming out on Augut 1, Seeking Alpha author Daniel Jones authored an article on SCI on July 28, 2024. That article was titled “Service Corporation International: Thoughts…
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Service Corporation International (SCI) reported their 2nd Quarter 2024 report last Wednesday and if the stock market is an indication, because as I write this on Thursday morning SCI stock is off its Wednesday close by over 7%, that report, that you can access here, brought to light some of the issues challenging…
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Next week we will be commenting on how the public companies in Death Care have done over the 2024 2nd Quarter, but it is always good to be reminded that the individual owners and operators are the ones that truly drive funeral and cremation care. . . . .And, it’s good to be reminded…
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If you missed Tuesday morning’s article entitled “The ‘Roll-up” model. . .these analysts don’t think it is so great”, because of our technology issues, you can access that article here. It was no surprise that Park Lawn Corporation shareholders approved the sale and take-private movement of Park Lawn Corporation in…
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It’s interesting that on the same weekend that I was putting together yesterday’s article on the July 29 Park Lawn Corporation vote on acceptance of an offer to take the company private I uncovered a current article and podcast dating from July 12. The article, from Intelligent Investor of Australia, deals primarily with…
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It suprised many in the Death Care community when this press release came out late on Monday, June 3, announcing that a new company, made up of preneed provider Homesteaders Life and private equity firm Birch Hill Equity Partners, would be seeking to acquire publicly-operated funeral home and cemetery business Park Lawn Corporation.…
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