Finance
Security National Financial Corporation of Utah revealed their 2nd Quarter 2021 financial numbers earlier this month. Total revenues for the entire company were actually down about 2% overall as their Mortgage Division saw an overall 8% decline in revenues as compared to the same quarter of 2020. However, the company’s Life Insurance division, which included…
Online memorials seem to be one of the likeliest winners among potential start-ups in the Death Care space. . . . at least that is what it is looking like from the investment community. According to articles that we link below it appears that over the summer months the Australian based Memories has raised over…
Park Lawn Corporation, the Toronto, Ontario based funeral home and cemetery consolidator and operator announced 2nd Quarter financial results earlier this month. For the company, revenue increased 8.5% to $88.4 million (US $68.9 m) from last year’s 2nd Quarter revenues of $81.5 million (US $63.59 m). Adjusted EBITDA increased for the same time period to…
StoneMor, Inc. the Pennsylvania based operator of cemeteries and funeral homes last week announced a partnership with end-of-life technology support start-up Empathy. Empathy is, as they say, powered by technology and driven by purpose in helping grieving families handle countless tasks following the death of a loved one. The company describes itself as “a service…
Hillenbrand Industries, parent company of Batesville, reported their Fiscal Year 3rd Quarter earlier this month. Their FY 2021 3Q comprises the April, May, and June 2021 business period. You can see the complete report here. Here’s what CEO Joe Raver said about the quarter, “We had another strong quarter of performance with exceptional cash generation…
It was announced in this press release that Foundation Partners Group, the Orlando, Florida, based funeral home and cemetery consolidator and operator, has acquired Kraft Sussman Funeral & Cremation Services of Las Vegas, Nevada. The press release notes that this is Foundation Partners Group’s (FPG) first acquisition in Nevada. . . .the state with America’s…
Matthews International reported their 3rd Quarter 2021 sales recently and in doing so reported a record revenue for their 3rd Quarter (April-June) of $428.4 million, which is a 19.2% increase over the same period of 2020. As you may know, Matthews International has three business segments, one of which is their Memorialization segment. The Memorialization…
As we move into August 2021, Funeral Director Daily wants to welcome Roosevelt Investments as our newest sponsor. Our sponsors help finance our technology, security, and delivery system which allows for readers to receive Funeral Director Daily at no charge. Roosevelt Investments is a full service New York City investment firm whose roots date back…
It’s quarterly reporting time in the public business realm and the companies in the death care sector are no different than others with that requirement. Last week we reported Service Corporation International’s (SCI) results and today we bring you highlights of Houston, Texas based operator, Carriage Services. You can access the Carriage Services 2nd Quarter…
Earlier this week the largest funeral home and cemetery operator in North America, Service Corporation International (SCI), revealed their results for the 2nd Quarter of 2021. It was a much anticipated report as it would mark a comparison with the 2nd Quarter of 2020 when the Covid-19 pandemic was flourishing and funeral homes and cemeteries…
