Finance

Finance

Roosevelt Investments. . . our newest sponsor

As we move into August 2021, Funeral Director Daily wants to welcome Roosevelt Investments as our newest sponsor.  Our sponsors help finance our technology, security, and delivery system which allows for readers to receive Funeral Director Daily at no charge. Roosevelt Investments is a full service New York City investment firm whose roots date back over fifty years to when some of their earliest clients were the Roosevelt family and Youngs Memorial Cemetery where President Theodore Roosevelt is buried.  Building […]

Finance

Carriage Services reports 2Q. . Cemetery business is the highlite

It’s quarterly reporting time in the public business realm and the companies in the death care sector are no different than others with that requirement.  Last week we reported Service Corporation International’s (SCI) results and today we bring you highlights of Houston, Texas based operator, Carriage Services. You can access the Carriage Services 2nd Quarter 2021 Report here. SCI’s report brought forth the fact that the company was able to increase revenues per service by over $600 as compared to […]

Finance Preneed

SCI sees 2Q 2021 Revenue per Service jump over $600 per case

Earlier this week the largest funeral home and cemetery operator in North America, Service Corporation International (SCI), revealed their results for the 2nd Quarter of 2021.  It was a much anticipated report as it would mark a comparison with the 2nd Quarter of 2020 when the Covid-19 pandemic was flourishing and funeral homes and cemeteries were operating in a much more difficult and different world. As you might expect SCI’s “comparable funeral services performed” dropped 6.0% to 84,449 cases as […]

Finance

An opinion from Seeking Alpha on Service Corporation International

Yesterday, July 19, Seeking Alpha published a pretty in-depth investment article from Livingston Investments on funeral home and cemetery operator Service Corporation International.  The article is entitled, “Service Corporation International:  Crisis reslient business with a premium to fair price”.  You can access the article here. There was a couple of statements in the article that caught my eye: “Significant revenue growth was driven by the temporary impact of the coronavirus” “We have determined that the company’s weighted average cost of […]

Finance

Roosevelt Investments offers update on financial markets

Roosevelt Investments, a boutique wealth management firm located in Midtown Manhattan with 50 years of experience providing comprehensive financial planning and asset management services to cemeteries, funeral homes, and their owners, offers a free webinar on Monday, July 19th. The webinar is entitled “Update on Financial Markets – Midyear Check-In:  Navigating an Early Cycle Economy”.  The presentation will be led by John Roscoe, CFA, Chief Investment Officer, and Jason Benowitz, CFA, CMT, Senrior Portfolio Manager.  Among other things they will […]

Finance

Foundation Partners Group adds Farley Funeral Homes and Crematory

It was announced last week in this press release that Foundation Partners Group (FPG), based in Orlando, Florida, added another Florida location to its footprint in that state.  It was announced that the Farley Funeral Homes and Crematory would be acquired by Foundation Partners Group giving the cremation heavy consolidator 35 locations in the state of Florida and 166 locations nationwide. Farley Funeral Homes and Crematory operate in Venice and North Port, Florida. According to the press release “The Farley […]

Business Finance Products

Robot working overtime at Arbor Memorial funeral home

Canada’s privately owned  funeral home and cemetery company, Arbor Memorial, was recently selected as a “Gold Standard Winner” for Deloitte’s Best Managed Companies award for the 4th straight year.  The award is the country’s leading business award program recognizing entrepreneurial companies for the caliber of their management abilities and practices.  You can see a press release on this award here. It’s easy to see why Arbor Memorial is considered for this award every year when you look at an article […]

Finance

Death Care Index rises 14.7% year to date

As we move into the seventh month of the calendar year, we felt that it was a good time for a check up on the Funeral Director Daily Death Care Index (DCI).  The DCI is a composite dollar amount of owning one share of stock in each of the seven public companies in the United States that have at least part of their business in the death care industry. As we said in our last check in with the DCI, […]

Cremation Finance Products

Death care start-ups Recompose and Pure Cremation keep moving forward

New ideas come to the forefront in all industries from time to time.  Some never get going, some ideas stagnate, but it is really exciting when you see some ideas and concepts catch a tailwind and continue to move forward. In the last couple of weeks we have seen news from two death care start-ups, Seattle’s Recompose and Great Britain’s Pure Cremation, that make us believe that their masts are billowing with some wind behind the sails. Recompose, the original […]

Finance Products

Matthews increasingly serving the profession. . . . and the living

The Pittsburgh Post-Gazette recently published this article on Matthews International entitled “From tombstones to fuel cells, Matthews International wants to leave its mark on clean mobility“.  The article is a great read on Matthews and reminded me that this “quiet company” of funeral service continues to make a difference every day, not only in the death care profession, but to the living as well. Matthews operates in three distinct divisions — one of which they call their Memorialization segment.  The […]