Finance
Service Corporation International, the largest of the funeral service conglomerate public companies, reported 2nd Quarter 2018 financial results yesterday. You can read their press release and see the numbers here. SCI announced earnings per share of $0.44 versus analysts estimates of $0.43 per share. They also announced 2nd quarter revenue of $796 million as compared…
Read MoreMatthews International reported its 2018 fiscal year 3rd quarter results last week. You can read the company’s press release and report here. As you may know the Pittsburgh, Pennsylvania based public company operates in three segments: Brand Solutions, Industrial Technologies, and Memorialization. Their Memorialization segment is what we are concerned with in the death care…
Read MoreMatthews International, a death care conglomerate with operations in crematory equipment, bronze memorialization products, and caskets, reported their 3rd Quarter 2018 fiscal year results yesterday. You can read their press release here. Their report can be summed up by increased total sales – albeit not to the extent that they had predicted, but a beat…
Read MoreI’ve told readers many times that while I owned and operated a small funeral home – one that grew from 140 calls to about 325 calls – I always learned by reading and watching what the “Big Boys” in our industry were up to. That meant, over the years, buying some stock and reading annual…
Read MoreIn a release dated July 19 that you can read here, investor’s service Moody’s upgraded the debt rating of public company Hillenbrand Industries from a Ba1 to a Baa3. They also noticed that the outlook of the company going forward is “Stable”. Hillenbrand Industries is the owner of U.S. casket manufacturer market share leader Batesville…
Read MoreLast week we brought you a press release about the renaming of funeral homes in the Sarasota, Florida area. The funeral homes, operated by Service Corporation International were rebranded with a derivative of the Toale family name. We also told you in our article that the press release was somewhat odd and vague and we…
Read MoreLast week Carriage Services, a funeral service public company based in Houston, Texas, announced that they had acquired two funeral homes in the State of Virginia. You can read the press release here. The release announces the acquisition of the Covenant Funeral Homes in Fredericksburg and Stafford, Virginia. The release goes on to say that…
Read MoreIn a news release provided by Park Lawn Corporation that you can read here, the company announced on July 5, 2018, that they are purchasing the Hanson Arbor Funeral Chapels in the Okanagan Valley of British Columbia. The purchase will bring four funeral homes and a crematorium into the Park Lawn family. The release also…
Read MoreInvoCare, Australia’s leading national provider of funerals and cremations, announced earlier this week that it will continue to build its regional markets. They did so in the New South Wales/Victorian border area by purchasing the Lester and Son Mortuary. You can read a clip on the acquisition here. The purchase includes two fully equipped funeral…
Read MoreLast week cemetery and funeral home consolidator StoneMor Partners issued press releases regarding their company. In essence the releases shared the following information: Release of Preliminary Unaudited 2017 Full Year Financials The appointment of a new CEO for the company, Mr. Joe Redling The establishment of a committee to look into the possibility of changing…
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