Finance
Mergers and acquisitions in the death care space are nothing new and actually seem to be accelerating in not only the retail funeral home and cremation space but among suppliers as well. Earlier this week we learned of Foundation Partners Group acquiring the Loyless Funeral Homes of Florida and we learned of Wilbert Funeral Services,…
Read MoreAfter Friday’s market close I thought it might be a good time to check up with what has happened in the Death Care industry since the beginning of the year. As you know the Funeral Director Daily Death Care Index (DCI) is made up of the value of one share of stock for eight…
Read MoreI just saw this article over the weekend and thought I would send it out. It pertains to the stock of Australian death care leader InvoCare being shorted by many investors. Being “shorted” means, in basic terms, that many investors believe that the share price will go lower. I thought it interesting in light of…
Read MoreIn an article published earlier today on Bloomberg.com that you can read here, it is reported that the Competition & Markets Authority (CMA) of Great Britain report that “price increases over the past decade, particularly by larger chains, can’t be justified by higher costs or quality improvements”. The CMA goes on to suggest a proposal…
Read MoreHillenbrand Industries, parent company of Batesville Casket, reported 4th quarter and year end earnings last week. You can read the company’s press release here. For the year the company’s revenues increased 11% to $1.77 billion. As you may know the company operates in two general segments, the Processed Equipment Group and the Batesville Group. The…
Read MoreMatthews International, the Pittsburgh based consolidated company with a division in the death care industry that deals with memorials, cremation equipment, caskets, and more, had an interesting Friday after releasing their 4th quarter and year end earnings on Thursday. You can see a press release of their results here. For the year the company reported…
Read MorePark Lawn Corporation, the Canadian funeral home and cemetery acquisition firm, released its results for their 3rd Quarter of 2018 earlier this week. You can see their Press Release here. The fast-growing death care public company announced that their revenues increased on a year over year basis for the quarter by 92.9%. They reported revenue…
Read MoreSecurity National Financial Corporation, a member of the Funeral Director Daily Death Care Index (DCI) of public companies recorded 3rd quarter 2018 after-tax earnings of $2.014 million as compared to last year’s 3rd quarter profits of $1.097 million. You can read the company’s complete press release here. The company which operates in the Life Insurance,…
Read MoreIn a press release last week that we caught on Globe Newswire and you can read here, StoneMor Partners has, according to the press release, added depth to their operational management. The release highlights the hiring of four veterans who have experience in the death care industry in cemetery, funeral home, acquisition, and management roles. …
Read MoreAssurant Preneed, a component of Assurant, posted higher revenue and higher profits in their 3Q 2018 results that were made public after the market on Tuesday. You can read the company’s press release on its earnings report here. Assurant, a member of the Death Care Index (DCI), operates a world-wide conglomerate composed of three segments…
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