Finance

Finance

Funeral Nation TV, stock market thoughts, and advertising

As we head into the week before the Christmas Holiday I reprise my role as a guest of hosts Jeff Harbeson and Ryan Thogmartin on their Funeral Nation program. . . this time Episode #210.  The hosts have me back quarterly to discuss death care companies in the public stock markets. . . where I think those companies have been and where I think they are going.  It’s always a fun discussion and you never know, maybe we will eventually […]

Finance

Foundation Partners Group adds Florida funeral homes

Earlier this week Foundation Partners Group, the Orlando based funeral home, crematory, and cemetery operator announced that it had purchased a company that operated three locations in Southwest Florida.  You can read the press release on the acquisition here. Foundation Partners Group announced that it had acquired the Akin-Davis Funeral Homes.  They also announced that this addition will bring their total number of funeral homes in the state of Florida to 30 locations. Akin-Davis Funeral Homes have served their communities […]

Finance

Death Care Index still lags the market

We checked into Funeral Director Daily’s proprietary Death Care Index (DCI) after the markets closed on Monday, the last day of November.  That check-in allowed us to take a look at the eight stocks that make up the DCI and see where they were individually and as a group and how that group compared to the Dow Jones average, the S & P 500, and the technology based Nasdaq. And, while the Dow Jones counted November 2020 as its best […]

Finance

Matthews reports 4Q and Year End 2020: Memorialization segment is high point

Our reports for the period of July thru September 2020 come to an end with today’s report on Matthews International.  Funeral Director Daily files reports every quarter on the eight public companies that make up our financial Death Care Index (DCI). Today’s report on Matthew’s International, which you can access here, encompasses the mentioned time period which is the 4th Quarter of Matthews fiscal year so we can give you Fiscal Year 2020 numbers also. First of all, for 4Q […]

Finance

Security National reports 3Q 2020: Hitting on all cylinders

We continue to roll out the earnings reports of the public death care companies and today is no exception.  Today we tell you about one of the quieter companies that is starting to make a name for themselves as they grow. That company is Utah based Security National Financial Corporation (SNFC) and divisions of the company are involved in mortuaries, cemeteries, funeral funding through insurance assignments, and preneed insurance.  In essence, from our point of view, while still small by […]

Finance

StoneMor reports 3rd Quarter: Turnaround continues to move forward

A couple of years ago I looked at StoneMor and their operations and told readers that they should, if they had a StoneMor competitor in their market, look at a possible acquisition of that competitor.  Quite frankly, I was of the opinion that the way StoneMor was moving would probably lead to a liquidation and some of those businesses might be able to be purchased at the right price. However, while there has been some pain and some selected liquidation […]

Finance

Australia’s InvoCare pays US$ 36.4 million for pet cremation businesses

You can read this article from Australia’s Market Herald that announced that Australia’s largest human funeral and cremation provider finalized a deal to purchase two pet cremation business in the country for a combined price of US $36.44 million ($49.8 million in Australian dollars). We learned that last week, InvoCare, purchased Family Pet Care and Pets in Peace to add to its pet cremation brand, Patch and Purr, which it started in 2018.  According to the article, Family Pet Care, […]

Finance

Park Lawn reports 3rd Quarter. . . .continued growth

Park Lawn Corporation (PLC), the funeral home and cemetery operator, with headquarters in Toronto and Houston, announced their 3rd Quarter 2020 results last week.  As a growth company, they continued to exhibit those traits — with revenue for the quarter growing to $83.7 million from last year’s 3Q revenue number of $66.5 million (all dollar amounts, unless otherwise indicated in this article are in Canadian dollar denominations).  That’s an increase of over 25% on the top line. You can access […]

Finance

International acquisitions – Propel adds Kiwi firms, Ontario firm happy after one year

We learned last week that Propel Funeral Partners that operates out of Australia and New Zealand had purchased the Dils Group which has locations in New Zealand and Australia.  The Dils Group is said to have performed about 800 services last year and brought in revenue of about US $ 4.96 million. You can see a video and story on this acquisition from the Finance News Network here. That revenue of about US $ 4.96 million would equate to about […]

Finance

Hillenbrand reports. . . Batesville segment shows strong results

Hillenbrand Industries, parent company of Batesville Casket Company, reported their July through September numbers – which happen to be their 4th Quarter fiscal year numbers, as well as their Fiscal Year End numbers last week.  Hillenbrand showed record revenues both for the quarter and the year.  You can access their financial report here. However, those numbers are somewhat skewed by the additional revenue during the year provided by the company’s acquisition of Milacron.  If you take away the Milacron acquisition […]