Recent Death Care Index (DCI) rise reflects cautionary growth of the profession

By Funeral Director Daily / August 28, 2023 /

    We’ve just passed the time period where the companies that comprise the Funeral Director Daily Death Care Index (DCI) have publicly shared their results for the April thru June 2023 time period.  The five companies that comprise the index include Matthews International, Security National Financial Corporation, Carriage Services, Park Lawn Corporation, and Service…

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Acquisitions: Two companies, two countries, two continents. . . and more

By Funeral Director Daily / August 22, 2023 /

    Today we will try to catch our readers up with what has been happening in the acquisition pipeline for a couple of the public companies. . . .   First of all, we will tell you that we received this press release last week from Park Lawn Corporation announcing the acquisition of the…

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Security National bucks the trend, increases margin in 2Q 2023

By Funeral Director Daily / August 21, 2023 /

    On August 14, Security National Financial Corporation (SNFC) issued this press release on its 2nd Quarter 2023 financial results.  The company which operates in three segments — Life Insurance, Memorial, and Mortgages, saw their after tax earnings increase nearly 78% from about $3.6 million in 2Q 2022 to over $6.3 million in 2Q…

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Park Lawn 2Q 2023: Revenue, Revenue per Service up, Net Earnings down. . . announces additional acquisition

By Funeral Director Daily / August 14, 2023 /

      There is a lot to be digested when you look at Park Lawn Corporation’s (PLC) 2nd Quarter Earnings Release and their Earnings Call transcript which were made public last week.  Much like the quarterly reports from SCI and Carriage Services, Park Lawn was able to increase revenues, but like their counterparts, it…

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InvoCare / TPG Capital reach agreement for buyout

By Funeral Director Daily / August 9, 2023 /

    According to a press release dated August 9, 2023, (today) issued by InvoCare Limited of Australia, the company has agreed to be acquired by TPG Capital, a global private equity firm headquartered in San Francisco, California.  TPG Capital had launched a buyout offer for the company in March.   You should be able…

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Carriages Services 2Q 2023: Revenues increase but Interest expense holds back profits

By Funeral Director Daily / August 8, 2023 /

      Houston based funeral home and cemetery operator Carriage Services reported their 2nd Quarter 2023 financial report last week one day after Service Corporation International.  What may become a common theme is that the companies have been able to increase revenue quarter over quarter during the past year but those gains run into…

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Private Equity claims another death care provider

By Funeral Director Daily / August 7, 2023 /

    While most of us have been anticipating some news on the acquisition front from Australia and the proposed takeover of InvoCare by TPG Capital or waiting for some news on the North American proposal of Park Lawn Corporation to acquire Carriage Services, news came late last week that Great Britain’s large direct cremation…

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SCI reports 2Q 2023. . . .we see a mixed bag of news

By Funeral Director Daily / August 3, 2023 /

      Service Corporation International (SCI) the largest Death Care business in North America reported their results for the 2nd Quarter of 2023 earlier this week.  They reported an increase in sales revenue of about 2.2% over the same quarter of 2022 — sales in 2Q2023 totaled $1.013 billion as compared to $990.9 million…

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Matthews CEO Bartolacci: “This is a different business than it was just 3 years ago”

By Funeral Director Daily / July 31, 2023 /

  Matthews International, parent company of Aurora Casket and Matthews Cremation, reported their 3rd Quarter 2023 results and 9-Month results for 2023 last week.  I think the overriding take on that report is that Matthews International has continued their growing revenue spurt moved mostly by their recent entrance into the energy storage solutions business.  …

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Opinions are opinions. . . Here’s two on the future of SCI

By Funeral Director Daily / July 26, 2023 /

        One has to realize that “Opinions are Opinions” and they may differ dependent on the author’s perspective.  I find it is always best to get multiple opinions when I contemplate major decisions.   What’s interesting with today’s blog topic is that I’ve recently found two opinions on the future of Death…

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