Carriage Services CEO Carlos Quezada on 2023 Results: “. . instills confidence and excitement”

By Funeral Director Daily / March 1, 2024 /

  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%…

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Propel Funeral Partners makes New Zealand acquisition, raises $80 million

By Funeral Director Daily / February 23, 2024 /

    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…

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Park Lawn Corp adds to Colorado holdings through acquisition

By Funeral Director Daily / February 22, 2024 /

    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…

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Carly Simon and SCI: “Nobody does it Better”

By Funeral Director Daily / February 19, 2024 /

    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…

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Funeral company acquires three former SCI firms

By Funeral Director Daily / February 16, 2024 /

    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…

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Matthews International First Quarter 2024 Earnings Call highlights

By Funeral Director Daily / February 12, 2024 /

  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…

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Matthews reports 1Q 2024 — Sales flat, EBITDA and Profit declines

By Funeral Director Daily / February 5, 2024 /

    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.  …

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Recent articles on Death Care public stocks

By Funeral Director Daily / January 22, 2024 /

    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…

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Propel Funeral Partners adds three more locations

By Funeral Director Daily / January 11, 2024 /

    When funeral home, cremation, and cemetery company InvoCare was taken private last year by private equity firm TPG Global it pushed Propel Funeral Partners Limited to be what we believe is the largest publicly-owned death care provider in Australia and New Zealand.  And, Propel Funeral Partners is not standing still as this article…

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Investors prove wary of traditional funeral home stocks in 2023

By Funeral Director Daily / January 8, 2024 /

    In a year when the “Magnificent Seven” technology stocks led a robust rebound in the technology heavy NASDAQ stock index it appears that investors in traditional funeral home and cemetery public companies looked on with a wary eye as to how those companies would fare moving into the next stage of death care…

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