Finance
Toronto based Park Lawn Corporation (PLC) reported its 2nd Quarter 2020 financial situation last week. In it they reported great success on revenue growth and Adjusted Net Earnings. CEO Brad Green commented on the financial report in saying, “We have grown together as an organization and are poised to continue with our projected growth targets.” …
In today’s Afternoon Edition we will bring you a myriad of different news from different parts of the death care spectrum. We lead off with an article from the United Kingdom that highlights that country’s largest provider of funeral services and cremations, Dignity PLC. As you may know, the British Competition and Markets Authority (CMA)…
When Joe Redling was appointed CEO of StoneMor, Inc. the company was in fast decline, revenues were washing away, and losses were mounting. That was June of 2018, only two years ago, and now, although far from being in the clear and a profit machine, there is hope at the end of the tunnel. StoneMor,…
The 2nd Quarter of 2020, that period that encompasses the months of April, May, and June, was looked at as a quarter which would produce financial results that would be unique, maybe in the entire last century, simply because it was the first 3-month period of the COVID-19 pandemic. As the United States went into…
Funeral Director Daily received word last week that Foundation Partners Group, the Orlando based operator of funeral homes, cremation centers, and cemeteries, has acquired the Bermudez Family Cremations and Funerals operation in Monterey, California. That acquisition expands the Foundation partners network in California to eight locations. Here’s what Foundation Partners Group CEO Bob Bukala had…
Hillenbrand Industries, a global diversified industrial company and parent of death care company, Batesville, reported their 3rd Quarter 2020 last week. The company, which operates with an October 1 fiscal year date announced that revenues for the entire company increased 36% to $608 million for the quarter, but Net Income of $24 million was about…
Assurant defines itself as “a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases”. The company released its 2nd Quarter 2020 results on Tuesday, August 4, and in doing so reported a Net Income of $173.5 million, which is up 24 percent from the same period in 2019. …
In today’s afternoon edition we bring you a Seeking Alpha article from BOOX Research that opines on and goes into the details on why it says Service Corporation International “has a positive long-term outlook supported by its market leadership position and solid fundamentals.” We also bring you information on an Iowa funeral home celebrating its…
Matthews International, which operates on a fiscal year that begins on October 1 each year, released earnings reports last week. The company has three operating segments and the one that is of interest to those of us in the death care profession is what Matthews refers to as its “Memorialization Segment”. Matthews Memorialization Segment consists…
StoneMor, Inc., the Philadelphia area based operator of funeral homes and cemeteries, announced in this press release on Friday, July 31, that they are in receipt of a 2nd offer from a company that would seek to take the company private. If you remember, earlier this year, Axar Capital Management offered the company $0.67 per…
