It’s certainly been a strong year for the stock market. . . .even with recent declines last week tipped by rising inflation and fears of the Omicron variant of Covid-19. And, the strong year has not only been good for investors in America’s best known industries and services, but in the companies that make a portion of their earnings in what we call Death Care. In writing this article I will tell you that the numbers used for a Year-to-Date […]
Security National Financial Corporation (SNFC) released this press release earlier in November which memorialized their operations for the 3rd Quarter of 2021 as well as the first nine-months of 2021. The Utah based company operates in three business segments with one of those segments being what they call their Memorial Segment. For the nine months ended on September 30, 2021, the Memorial Segment reported revenue of $20.5 million as compared to nine-month sales in 2020 of $14.8 million. . . […]
Matthews International, the Pittsburgh based tri-partite conglomerate with the largest percentage of their sales in what they refer to as their “Memorialization Segment” saw an increase in total sales and Memorialization Segment sales for their 2021 Fiscal Year. As you can see from this 4th Quarter (July, August, September) and Year End report sales in the Memorialization Segment increased from $656.0 million in FY 2020 to $769.0 million in FY 2021. . .that’s an increase of 17.2%. Included among many […]
Batesville Casket’s parent company, Hillenbrand Industries, reported Fiscal Year 2021 and FY 4th Quarter 2021 results last week. In that report, that you can read here, they reported that the Batesville segment produced revenue of $623 million for the year. . . a 13% increase over FY2020. It should be mentioned here that FY2020 included the months of October, November, and December of 2019. . . a period in which no Covid deaths were reported in North America. In contrast, […]
StoneMor Inc., the Pennsylvania cemetery/funeral home consolidator and operator reported their 3rd Quarter results for 2021 earlier this week. In a prepared statement, company CEO Joe Redling stated, “The third quarter continued to build on the positive performance trends of the past year and half, with top-line revenue growth of 13.2% and 19.2% for the three and nine months ended September 30, 2021, respectively, when compared with the same periods in 2020.” Here are some of those positive results as […]
Publicly traded funeral home and cemetery operator Park Lawn Corporation (PLC) released their 3rd Quarter 2021 results last week and CEO Brad Green said this in a prepared press release statement, “The third quarter exceeded our expectations, especially given the continued decline of COVID-19 deaths served by our businesses. Despite this, we saw an increase in the number of families that we served in our comparable businesses in both our funeral homes and cemeteries. Likewise, we continued to see an […]
Thursday night into Friday morning brought Minnesota’s first snowfall of the 2021-2022 winter season. It was light, but created slippery conditions outside that forced me onto an indoor treadmill run on Friday morning. My 2 1/2 mile daily run is punctuated by the fact that I have a lot of stamina. . . just not a lot of speed. On an indoor run, the result of that fact is I get about 25 minutes to catch up with the morning […]
Service Corporation International (SCI), the largest provider of funeral services in North America, recently released their 3rd Quarter 2021 results and following that company executives answered questions from stock analysts about the company and death care in general. You can read a complete transcript of that commentary here. If you are not interested in reading the entire transcript here are some things that Funeral Director Daily found interesting from the discussion and we center on the items of Covid deaths, […]
Funeral home and cemetery consolidator Carriage Services reported on the financial results of their 3rd Quarter for 2021 and in doing so reported record 3rd Quarter revenue for a quarter of $95.0 million. That is 12.6% higher than the $84.3 million of revenue recorded in the 3rd Quarter of 2020. Here’s what is said in the press release from Carriage Services that you can read here, “All five of our field reporting segments executed at an extremely high level during […]
Service Corporation International (SCI), the largest funeral home and cemetery operator in North America reported their 3rd Quarter 2021 financial results on Wednesday. You can see them for yourself here. Here’s some of what Tom Ryan, Service Corporation’s CEO said of the 3Q 2021 results, “Today we are reporting another strong quarter with earnings . . . . .growth in adjusted earnings per share is primarily driven by significant increases in the revenues and gross profits of both our funeral […]
