Finance
A short time ago Carriage Services, the Houston, Texas, based funeral home and cemetery operator announced they would delay their First Quarter 2020 financial results so that they could also report cornavirus related April results and May trends. It is interesting to note that their First Quarter report that you can access here is titled,…
Read MoreHillenbrand Industries, parent company of Batesville Casket Company and Assurant, the financial services company that counts it Global Preneed business among its three divisions both reported financial results during early May and we now bring you those results. Batesville Casket, which represents about 20% of the total revenue of Hillenbrand Industries reported an increase of…
Read MoreStoneMor, Inc., the Pennsylvania based funeral home and cemetery operator reported their First Quarter of 2020 results last week. These results cover the period from January 1 to March 31, 2020. You can see a summary of the report here. The company operates 319 cemeteries and 88 funeral homes in the United States and Puerto…
Read MorePropel Funeral Partners, the Australian and New Zealand based operator of funeral homes and crematoria, reported last week that their revenue for the latest 9 month period had been AUS $ 85.0 million ($55.25 m in U.S. $) as compared to AUS $69.9 million (US$ 45.24 m) for the prior year. That is a 22%…
Read MoreWe last brought our readers an update on the Funeral Director Daily Death Care Index (DCI) on April 6, 2020, which represented values as of the close of business on Friday, April 3. As we tell national publications that call us about our DCI, it is not a scientific weighting of public companies in the…
Read MorePark Lawn Corporation (PLC), the Toronto based funeral and cemetery operator, issued a press release, that you can read here, on its First Quarter 2020 operations earlier this week. Highlights from that press release seem to be that the company increased its revenues from CAN $50.15 million ( US$35.6 million) in 2019 to CAN $73.98…
Read MoreLast week Matthews International, a publicly traded company with a segment of its business in the death care realm reported 2nd Quarter 2020 results. According to a press release you can read here, due to their international operations, the company believes their business units began experiencing the impacts of COVID-19 earlier in the quarter, initially…
Read MoreLast week we brought you an initial report on Service Corporation International’s report of their 1st Quarter 2020 results. We also promised that we would go “inside the numbers” to see what other financial information we could find that may be of benefit to all of you who own or manage funeral homes. Today, we…
Read MoreTo roll into the weekend we thought we would give you some food for thought in the funeral industry from almost 10,000 miles apart. Our articles today come from the investment community in both the United States and Australia. Both are good, well thought out articles that deal with the world of death care in…
Read MoreYesterday funeral home and cemetery public company Service Corporation International (SCI) reported their financial results for the 1st Quarter of 2020. The results were much anticipated because they are the first quarter where the “no large gatherings” rule had come into effect in funeral service. To be candid, however, those rules only came into effect…
Read More
