Park Lawn year-end sees mixed results

By Funeral Director Daily / March 7, 2023 /

      Park Lawn Corporation (PLC) released their 2022 4th Quarter and 2022 Year-End reports last week.  In doing so they announced that their Revenue numbers for both the quarter and the year increased while their Net Earnings decreased in comparison to the 2021 4th Quarter and 2021 Year-End.  You can see the press…

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Carriage Services reports Services and Revenue drops in 2022

By Funeral Director Daily / February 27, 2023 /

    Funeral home and cemetery operator Carriage Services reported their 4th Quarter and Year End Financial Reports last week.  You can access that report here.  In doing so they reported that the number of “Services” the company conducted had dropped 2.9% as compared to the yearly results for 2021.  The company conducted 47,184 services…

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Propel Funeral Partners makes acquisitions. . . are acquisitions larger in general?

By Funeral Director Daily / February 23, 2023 /

    Last week North America’s largest funeral service company, Service Corporation International (SCI), announced in their 4th Quarter report “On the acquisition front, we had a very active fourth quarter investing $89 million in four separate transactions across the United States and Canada. These transactions added 14 funeral homes and 3 cemeteries, which included 3 combination locations.”   And…

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SCI 4Q Revenue and Year End Revenue lower than comparables

By Funeral Director Daily / February 17, 2023 /

    The largest funeral home and cemetery operator in North America, Service Corporation International, reported 4th Quarter 2022 and Year End 2022 financials earlier this week and one of the things we noticed is that quarterly and yearly revenue was less than 4Q2021 and less than Year End 2021.  However, that is not unexpected…

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DCI shines. . .outgains some composite indexes year to date

By Funeral Director Daily / February 13, 2023 /

    Funeral Director Daily’s Death Care Index (DCI), which is reflective of Death Care public companies public stock prices, has grown at a pace of about 9.7% for the first six weeks of calendar year 2023.  That rate of increase surpasses both the Dow Jones Industrials and the S&P 500 indexes during the same…

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Park Lawn makes another Kansas City market acquisition

By Funeral Director Daily / February 10, 2023 /

  We will end this week with news of another acquisition in the Death Care space.  This press release from earlier this week announced Park Lawn Corporation’s definitive agreement to acquire Kansas City metro area based businesses that include substantially all of the assets of Carson-Speaks Chapel in Independence, Missouri; Speaks Buckner Chapel in Buckner,…

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What’s next for Matthews?

By Funeral Director Daily / February 9, 2023 /

    The last year has brought many changes to Death Care as it pertains to those companies that have been operated in the public markets.  Both StoneMor and Dignity plc have been taken out of the public realm and into private ownership space and Batesville has been spun-out of Hillenbrand Industries and purchased by…

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LongRange Capital announces completion of Batesville acquisition. . . . retains Trainor as CEO

By Funeral Director Daily / February 3, 2023 /

    Earlier this week we received notice that LongRange Capital has completed the acquisition of Batesville.  The transaction of purchasing the Batesville Company from public company Hillenbrand Industries was announced late in 2022 and apparently now has been completed.   In addition, the private equity firm announced in this press release that Batesville CEO…

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Ohio funeral home expands by purchasing a neighbor

By Funeral Director Daily / February 2, 2023 /

    This article from the Canton Repository announced last week the purchase of Canton, Ohio, based funeral home Kreighbaum-Sanders Funeral Homes by Alliance, Ohio, based Cassaday-Turkle-Christian Funeral Home.   Cassaday-Turkle-Christian’s Adam Christian made the following comment, according to the linked article, “We are honored that the Sanders family has given us the opportunity to…

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Matthews International reports Fiscal Year Q1 . . . increases total revenue, but Memorialization sales fall

By Funeral Director Daily / February 1, 2023 /

  Public company Matthews International, with a stake in the death care business, reported their Fiscal Year 2023 First Quarter last week and in doing so reported a company-wide quarter over quarter sales revenue increase of about 2.4%.  The entire revenue increase, however, comes from their much heralded investment in the energy storage solutions business.…

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