Finance

Tukios acquires Aftercare.com

By Funeral Director Daily / December 21, 2020 /

Later in this article you can read a press release issued last week that announced the acquisition of Aftercare.com by Tukios.  Tukios is a major player in the video memorial creation software used, by Tukios count, over 5000 funeral homes. In our opinion, at Funeral Director Daily, companies with reach like Tukios, are smart to…

Funeral Nation TV, stock market thoughts, and advertising

By Funeral Director Daily / December 18, 2020 /

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…

Foundation Partners Group adds Florida funeral homes

By Funeral Director Daily / December 10, 2020 /

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…

Death Care Index still lags the market

By Funeral Director Daily / December 3, 2020 /

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…

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

By Funeral Director Daily / November 27, 2020 /

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…

Security National reports 3Q 2020: Hitting on all cylinders

By Funeral Director Daily / November 23, 2020 /

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…

StoneMor reports 3rd Quarter: Turnaround continues to move forward

By Funeral Director Daily / November 19, 2020 /

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…

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

By Funeral Director Daily / November 18, 2020 /

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…

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

By Funeral Director Daily / November 17, 2020 /

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…

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

By Funeral Director Daily / November 16, 2020 /

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…