Finance
Mel Payne has been listed as the co-founder, CEO, and Chairman of the Board at funeral home and cemetery operator Carriage Services since 1991. In the company’s 2023 Year End Report which was made public on February 21 of this year, the company made note that Mr. Payne “has chosen to step down from…
As you get older and older time seems to move faster and faster. For those of us who were in the business back in 2013 we saw the acquisition of Stewart Enterprises, then the 2nd largest funeral home and cemetery operator in the country, being acquired by the largest operator, Service Coporation International.…
American funeral home and cemetery operator Carriage Services recently shared the results of their 4th Quarter and Year-End financials with the public. In doing so, and in spite of a continuing COVID “pull forward” impact resulting in modest declines in funeral contract volume experienced during the year, the company reported total 2023 revenues 3.3%…
Last year the largest death care service provider in Australia and New Zealand, InvoCare, was taken private in a buy-out by private equity company TPG Global. It appears that action has led to the 2nd largest provider of death care services of those nations, Propel Funeral Partners, to rapidly move forward with their…
A press release dated Tuesday, February 20, 2024, announced that the Park Lawn Corporation had acquired two stand-alone funeral homes and a stand-alone cemetery in the state of Colorado. You can read the press release here. Park Lawn Corporation announced that “it has completed the acquisition of substantially all of the assets…
I’m a James Bond movie fan and in 1977 the 10th movie of the series came out. . . “The Spy Who Loved Me” was the 3rd movie of the series to feature Roger Moore as James Bond and it also featured what became a #2 hit on the Billboard charts feature song…
In a press release that we received this week, from the Newbridge Group, we learned that three funeral homes in the state of Maine had been acquired by Family First Funeral Homes & Cremation Care. The press release also stated, “three funeral homes previously under the ownership of Service Corporation International (SCI) have…
On February 1, 2024, Matthews International reported its 1st Quarter 2024 results. We reported on that on February 5 with this article. A day later they had an earnings call with investment advisors and today we bring you some quotes from that call. You can access the entire transcript of the 1Q 2024 Earnings…
Matthews International, the conglomerate company with their largest portion of sales in Death Care, or what they call their Memorialization Segment, reported gross sales for their First Fiscal Quarter (October thru December 2023) of 2024 coming in at $450 million as compared to $449.2 million for the same period one year ago. …
It seems that many of our readers are interested in how the public companies around the world that deal in the Death Care businesses are doing. . . .And, it also appears that they crave any information that they can find on these companies. Since there are not too many of these…
