Finance
You can read in this press release issued yesterday by Park Lawn Corporation (PLC) that, effective yesterday, they added four stand-alone funeral homes to their company via the purchase of two funeral businesses in the suburban geographic area to the west of Chicago, Illinois. PLC announced the purchase of the Fitzgerald Funeral…
Funeral Director Daily does a good job of notifying our readers when the large corporate companies acquire new funeral homes. It appears that these transacations are a consistent regular occurrence, although there are some ebbs and flows to the pipeline of deals. We also know that large corporate consolidators and their purchases are…
While it is all anecdotal on my part, what I’ve seen lately leads me to believe that there is plenty of money in circulation looking for investment and that some of that money will end up going into the Death Care sphere. I’ve noticed it for the last year by having private equity…
Today is December 2 and we are into the last month of 2024. If you are involved in investments — and virtually everybody in this day and age of 401k’s, IRA’s, 529 Plans, and the like is – you have to admit it’s been a pretty good year. And finally, it has even…
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…
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…
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,…
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…
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…
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…
