Finance
Last Friday when Funeral Director Daily published an article entitled “Is it time to buy funeral home stocks” unknown to us Seeking Alpha author Mat Litalien was publishing an article about Park Lawn Corporation. It was entitled “Death and Taxes” and gives a synopsis of Park Lawn Corporation and he concludes his article by saying…
According to this release from BusinessWire direct-to-consumer company Titan Casket has secured $3.5 million in seed funding to expand its operations in the United States. The round of funding was led by Reformation Partners. The release continues as it says, “As Titan continues to expand its product and service categories with the addition of eco-friendly…
Earlier this week I read this article from Yahoo Finance authored by Brian Sozzi. The article is entitled “Consumers have to face that nasty inflation is here to stay for awhile”. The article goes on to mention that, at least in Mr. Sozzi’s opinion, skilled workers are too few in number to meet the needs…
Security National Financial Corporation (SNFC), the Utah based company that has three separate business segments including those that operate in the retail mortuary and cemetery space, the preneed insurance space, and is also the parent company of C & J Financial, had very mixed results in the 1st Quarter of 2022 as seen in their…
In a press release issued at the beginning of business yesterday, Wednesday May 25, StoneMor Inc. announced that the company had agreed to a “definitive merger agreement under which a subsidiary of Axar Capital Management, LP (“Axar”) will be merged with and into StoneMor and all outstanding shares of StoneMor common stock not owned by…
Here’s what StoneMor Inc. CEO Joe Redling had to say about the company’s 1st Quarter of 2022 during the company’s earnings call on May 12 which you can access here, “During the first quarter, we achieve(d) 4% year-over-year growth in our pre-need sales production. And this is against the first quarter of 2021. That was…
Dignity plc, Great Britain’s largest funeral home and crematory operator announced last week in this report that you can see from Morningstar, that their 1st Quarter 2022 revenues and operating profits fell considerably over the same period of 2021. However, it also appears that Dignity plc was able to increase their market share for services…
Last week Park Lawn Corporation (PLC) announced their 1st Quarter of 2022 earnings results. For the period ended on March 31, 2022, the company increased their revenue 17.5% to $83.1 million as compared to the 1Q of 2021 when they reported $70.5 million in revenue. The company also reported Net Earnings of $8.7 million in…
Hillenbrand Industries, parent company of Batesville, reported its 2nd Quarter 2022 (January thru March) last week and with it reported that the Batesville division increased their sales over the same quarter of last year by 6% to $176 million for the quarter. That was done, for the most part, by implementing a “price surcharge”…
Service Corporation International (SCI), North America’s largest grouping of funeral homes and cemeteries reported their 1st Quarter 2022 financial results last week. The company reported increased total sales of 3.2% which resulted in 1Q 22 revenue of $1.112 billion as compared to the 1st Quarter of 2021 where they reported sales of $1.077 billion. That’s…
