Finance
Earlier in May the largest public funeral home and cemetery operator in North America, Service Corporation International (SCI), reported on their 1st Quarter of 2023 operations. Shortly after that, on May 8, an author from Seeking Alpha wrote an article on his opinion of SCI. The title of that article will give you…
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Carriage Services announced in this press release their operating results of the 1st Quarter of 2023. Much like we mentioned in last week’s article on Service Corporation International (SCI), these numbers need to be looked at in the light of a reduced number of deaths in the United States for 1Q 2023 as…
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Park Lawn Corporation is expected to release the financial results of their First Quarter 2023 on May 11 — Thursday. Last week, however, we found that Seeking Alpha authors gave an opinion on the company in which they believe “Park Lawn (is) likely to resume EBIDTA and EPS growth in 2023″. The opinion article…
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When public companies report their financial numbers each quarter, it is pretty much expected that matured companies have practical and easily understood numbers in comparison to what their financial numbers were for the previous comparable quarter of operations. In that regard you would look for the results of funeral home and cemetery…
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Mathews International’s sales rose about 7.8% year over year for their 2nd Quarter of 2023 as compared to the same quarter of 2022. Matthews is on a fiscal year so their 2nd Quarter comprises the months of January, February, and March. Most of the sales increase occured in Matthews Industrial Technologies segment. …
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It’s been an interesting month to be watching what is happening in the South Pacific if you are a investor in the death care business. TPG Capital, a large United States private equity company, made an unsolicited offer for InvoCare, the largest death care provider in Australia and New Zealand about one month…
Read MoreAccording to Wikipedia, which may or may not be accurate at this date, Co-op Funeralcare in Great Britain operates over 1,000 funeral homes in Great Britain and Dignity plc operates about 795 facilities across the same landscape. If you assume that those numbers are somewhat accurate you would then surmise that Dignity plc…
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In this press release, that was released on Tuesday, April 11, we learned a little more about the evolution of StoneMor Inc. as it has transformed to a private company from a public stock ownership company. The press release announces that StoneMor Inc., and its grouping of 389 cemeteries, funeral homes, and cremation…
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Disagreements can be a part of any transaction. Today I’ll touch on a lawsuit that was filed last week that once again shows the importance of due diligence being necessary in any transaction. Last week we learned through this Wall Street Journal article that Mexican funeral service provider Servicios Funerarios had filed…
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Last week death care conglomerate Security National Financial Corporation reported their 2022 Year End results. As I was reading the press release, which you can access here, it occurred to me that their businesses were affected exactly as you would have thought considering the happenings in America’s business and social environments during…
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