Finance
We’ve mentioned that many death care companies are intent on growing and right now many seem to have the cash-flow to fuel those acquisitions that lead to company growth. Just last week Wilbert, Inc. announced an acquisition of a molding and finishing manufacturer who produces casket hardware, automotive/transportation components, and other consumer products. On the…
Carriage Services reported their 1st Quarter of 2022 last week and in doing so highlighted the strength of their funeral home operations. “Same Store” service contracts increased about 3.3% and average revenue on those services increased 1.2% over the same period of last year which led to a Funeral Home Operating Revenue increase of $3.3…
Matthews International, an international conglomerate which serves the death care industry with memorial products, reported their January through March 2022 financial numbers last week. Because they choose to report on a Fiscal Year that begins on October 1 each year, this report is considered their 2022 2nd Quarter Report. You can access a copy of…
When you read this it will already be May 2022 and we will be two-thirds of the way into the 2nd Quarter of most company’s 2022 business year. As a matter of fact, the reports of January thru March have already started to roll out as Matthews International provided us information on the January thru…
Over last weekend while doing some research I stumbled across this article on Matthews International. As you may know Matthews is the parent company of Aurora Caskets and Matthews Cremation. What you maybe don’t know is that they are a world-wide conglomerate who is making a big bet on the electric car market with a…
The markets were closed on Good Friday and we thought that might be an appropriate time to take a look at how the stocks that comprise the Funeral Director Daily Death Care Index (DCI) have been doing in relation to each other and in relation to the stock market as a whole since the beginning…
Security National Financial Corporation (SNFC), the Utah based multi-pronged company with divisions in funeral homes and cemeteries and also with its insurance division involved in preneed insurance, had its full-year after-tax earnings drop from $55.5 million in 2020 to $39,5 million in 2021. It’s Earnings before taxes also dropped about $20 million for the three…
Last week Seeking Alpha published a fact and opinion article on Service Corporation International (SCI) entitled “Service Corporation International: An under the radar wealth generator”. The article was one of the most in-depth pieces I have seen on SCI, its operations, and its potential as an investment. You can access the article here. From my…
StoneMor Inc. has been on a journey of what they term “Transformation” for the past few years. That road has followed management changes, sales philosophy changes, property changes, work relation chnages(employees to contracted services in some instances), funeral home divestments, and now seems to be on the final stage of strategy. . . what appears…
A press release from Park Lawn Corporation dated March 30, 2022, announced the acquisition of Chancellor Funeral Home and Garden of Memories located in Byram and Florence, Mississippi. You can access the press release here. The acquisition includes one stand-alone funeral home and one combination funeral home and cemetery operation. The press release also states…
