Finance
I had planned this article subject for this date simply because we have now finished the 2nd Quarter reports for all seven death care related companies that comprise the Funeral Director Daily Death Care Index (DCI). I hesitated, but then continued to move forward with this report on the public death care companies in spite…
Read MoreGoing into the weekend we thought we needed to remind you that acquisitions keep on coming in the death care business. In the last week or ten days here’s a couple we noticed. Cleveland’s Busch Funeral and Crematory Services, a 4th generation firm has added Schuster-Straker-O’Connor Funeral Home of Parma, Ohio, to its existing Northeast…
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Earlier this summer we brought you this article which brought information that parent company Hillenbrand Industries was contemplating “strategic alternatives” for its Batesville division. Last week Forbes contributing writer Jim Osman expressed in this article his opinion that the Batesville division should be “spun-off” from Hillenbrand in order to unlock “shareholder value”. Osman contends that…
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Security National Financial Corporation (SNFC) is the last of our seven companies that comprise the Death Care Index (DCI) to report financial numbers for the April thru June 2022 period. . . which they did last week. You can see the SNFC press release and numbers here. As you may know, SNFC operates three divisions…
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Parting Stone, the company that has pioneered the “solidified remains” method for cremated remains was informed by New Mexico Governor Michelle Lujan Grisham that they had received $150,000 from the state’s Local Economic Development Act (LEDA) to grow their employment numbers in their Santa Fe facility. In the press release from the Governor’s office that…
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As we have previously reported, StoneMor Inc. is in the middle of a proposed take-private merger movement led by the companies largest shareholder, Axar Capital. (Here is our article entitled “StoneMor agrees to Axar Capital Managment buyout”). That merger continues to move forward with the offering price of $3.50 per share now moving into a…
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In Carriage Service’s 2nd Quarter financial report, Chief Administrative Officer and General Counsel, Steve Metzger, hinted that the company had two acquisitions in the pipeline that would probably be announced in the following couple of weeks. We now know, thru this Carriage Services press release, that one of those acquisitions appears to be 800-call Funeraria…
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Park Lawn Corporation (PLC) reported their financial results for the 2nd Quarter of 2022 (April thru June) last week and their report was like many others we have seen — higher revenues, lower margins. You can see the press release here. For the quarter PLC reported Net Revenue of $75.9 million as compared to last…
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Hillenbrand Industries, the parent company of Batesville Casket, reported its 3rd Quarter results earlier in the week. The 3rd Quarter for Hillenbrand encompasses the April thru June time period. It’s interesting to note that the Batesville segment of the business carried through with what we have been seen in the death care profession with other…
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Propel Funeral Partners, billed as the 2nd largest provider of death care services in Australia and New Zealand announced last week its acquisition of Community Funerals and Cremations for Pets. Community Funerals operates from four locations in and around Cairns, Queensland, and was founded in 2008. Cremations for Pets was founded in 2017. The business…
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