Finance
We told you yesterday that Carriage Services CEO and Chairman Mel Payne had published a lengthy Letter to Shareholders in early April. In that letter, that you can access here, he painted what we call a somewhat aspirational future for Carriage Services, after first pointing out how they got to where they are today. Today,…
Earlier this month Carriage Services CEO and Chairman Mel Payne put out a lengthy shareholder letter. We found it a great read, not only to catch up with what is happening with Carriage Services, but as an aspirational blueprint, that if followed could lead to success in almost all funeral homes. Payne even points out…
Back in 1990 I spent about three days north of Vancouver, British Columbia, along the Campbell River fishing for salmon with a group of funeral industry people. One of the days was spent in a small fishing boat with a gentleman about thirty years my senior who had spent almost his entire funeral service career…
Security National Financial Corporation (SNFC), the Utah based company with segments in the preneed insurance, funeral home assignment, mortuary, and cemetery business, released their 4th Quarter of 2020 and Year End 2020 results last week. The first line from that press release which you can read here, states, “For the twelve months ended December 31,…
Foundation Partners Group (FPG), the privately held death care consolidator with headquarters in Orlando, Florida, announced earlier this week an acquisition to add to their 160 plus facilities. In this press release you can read that FPG acquired the Klontz Funeral Home and Cremation Services company based in Auburn, Washington. According to the press release,…
Park Lawn Corporation reported their 2020 4th Quarter and Year End financial numbers earlier this week and the press release, which you can read here, states “. . . PLC finished 2020 with a powerful performance in Q4, which included achieving significant growth in revenue, net earnings, Adjusted Net Earnings, Adjusted EBITDA, and Adjusted EBITA…
In a report issued last week, StoneMor Inc. released its financial results for the 4th Quarter of 2020 and for the full-year of 2020. Here’s what CEO Joe Redling said in the report that you can read here, “The groundwork that was laid with our transformation initiatives, allowed StoneMor to produce another very strong quarter…
We learned last week, and you can read more in in an article found on this page from Access Holdings, that the Baltimore based investment firm had secured $630 million in credit facilities to assist it as it goes forward in building out its platform of companies. As you may know, Access Holdings is the…
Great Britain’s largest purveyor of death care services, Dignity plc, reported their results for 2020 last week in a very comprehensive report. The results show increased revenues on more death calls, but because of choices made in taking financial impairments on goodwill and trade names it is difficult to get actual year over year comparables.…
CUNA Mutual Group announced last week in this press release that it intends to acquire the preneed funeral business of global conglomerate Assurant. We told you late last year, in this article, that Assurant was expected to move on from the preneed business as it concentrated on other business elements. The reported purchase price by…
