Finance
In a press release that you can read here you can find out that Houston, Texas, based funeral home and cemetery consolidator Carriage Services recorded record results not only for the 4th Quarter of 2020 but for the full year of 2020 as well. Not only did Carriage Services record these record financial results, they…
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Service Corporation International reported both their 4th Quarter 2020 and Full Year 2020 reports last week. Among the interesting items that you can find in the report, that can be accessed here, is that their total number of services increased from 319,616 in 2019 to 364,312 in 2020. . . .that’s an increase of 13.98%.…
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Last week Foundation Partners Group issued a press release through Cision PR Newswire that you can read here. The release dealt with some of the company’s ten year history in that it has grown into a company with nearly 160 locations serving over 75,000 families annually. Another thing that the release shouted was that Foundation…
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Worldwide insurance conglomerate Assurant reported both its 4Q 2020 and its Full Year 2020 results last week. The company reports in three distinctive segments — Global Housing, Global Lifestyle, and Global Preneed. The total Earned Premiums of the entire company for the Full Year 2020 combined to $9.52 billion which is a better than 2%…
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In the world that we are living in, it is certainly not unexpected, but to see Batesville’s sales soar 30% for the October, November, and December quarter is both mind boggling and sobering. It is, in my opinion, mind boggling simply to see any company, without a major acquisition, grow their sales by 30% in…
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Earnings period is upon us again in the death care industry. Over the next 8 weeks the eight death care public companies that make up the Funeral Director Daily Death Care Index (DCI) will report sales and earnings for the October, November, and December periods. To those on a calendar year accounting format that will…
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According to this article National Guardian Life (NGL), a mainstay in the funeral preneed insurance market, has announced that it has acquired the company Everplans. Everplans is described in the article as a digital life planning company that “helps consumers store, organize and share important documents online, and helps users get started with estate planning.”…
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Back in 1962 Robert L. Waltrip owned one family owned funeral home in Houston, Texas. And then everything changed when he purchased his second funeral home in Houston. That led to his adding a 3rd funeral home and forming a company, now known as Service Corporation International (SCI), that owns and operates over 1900 death…
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While I have not stayed up to date on the federal government dictates of the Biden administration, the moratorium on student debt payment is, I believe, ending on February 1, and may be extended. The moratorium program has proven to be well received, as according to the article mentioned in the next paragraph, almost 90%…
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Last week we received news that Foundation Partners Group, the Orlando based funeral, cremation, and cemetery business operator made another acquisition that added eight death care locations to its portfolio as well as a pet death center. The company purchased Cascade Funeral Directors, Inc. (Cascade) which encompassed the aforementioned companies. The acquisition added locations in…
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