Finance

Hllenbrand Reports 2Q 2018, Batesville Revenues Increase

By Funeral Director Daily / May 7, 2018 /

Hillenbrand Industries reported 2nd quarter results last week.  Hillenbrand, long known as the parent company of Batesville Caskets, has been, of late, driven by its entry into the Processed Equipment arena.  The company reported a net loss for the quarter which was the result of taking a $63 million dollar charge against the carrying value…

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Matthews International Posts Solid 2Q Earnings

By Funeral Director Daily / May 4, 2018 /

Death care conglomerate Matthews International, based in Pittsburgh, Pennsylvania, posted their 2nd quarter earnings report of Fiscal Year 2018 last week.  Here’s what President and CEO Joseph C. Bartolacci said of the report, “The company’s results for the fiscal 2018 second quarter were in line with our internal expectation and we are on track to…

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Seeking Alpha Article on StoneMor Partners

By Funeral Director Daily / May 3, 2018 /

I present you this article published yesterday from investor opinion site Seeking Alpha on the potential upside of StoneMor Partners.  It is a good read and, like most articles pertaining to the death care industry, there is something to take from it. Funeral Director Daily take:  I will tell you, however, as a 35 year industry…

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Park Lawn CEO Interview

By Funeral Director Daily / April 30, 2018 /

If you are at all interested in learning about Canadian death care public company Park Lawn Corporation we came across this recent interview of their CEO Andrew Clark on the Capital Ideas portion of Small Cap Power.  It is a 4 minute interview that you can reach at the 12:00 minute mark of the program.…

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Service Corporation Reports 1Q 2018

By Funeral Director Daily / April 27, 2018 /

It is earnings time for public companies and today we are reporting on what Service Corporation International reported in their 1st  Quarter report of 2018.  You can see their complete press release, including financial information, here. In essence, Tom Ryan, SCI’s CEO, made the following statements: “. . .earnings per share growth of 9 cents…

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Carriage Services Reports 1Q 2018

By Funeral Director Daily / April 26, 2018 /

  On Tuesday, April 24, publicly owned death care industry company, Carriage Services, announced its 1st Quarter 2018 results.  You can read their press release with financials included here.  The company announced record revenues of $73.4 million for the quarter.  That is a 7.7% increase over the same period of a year ago. Funeral Director…

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Assurant Financial Strength Affirmed

By Funeral Director Daily / April 25, 2018 /

While not specific to the death care portion of their industry, A.M. Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) for the U.S. property/casualty subsidiaries of Assurant, Inc.  The credit rating company has also affirmed the Long-Term Issuer Credit Ratings of Assurant at bbb+.  Best continues that the outlook of these Credit…

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Park Lawn to acquire Signature Group and Citadel Management

By Funeral Director Daily / April 18, 2018 /

  When Funeral Director Daily made our 2018 predictions, one that we made was that we thought Canadian funeral and cemetery operator, Park Lawn Corporation, would be aggressive in building its network of funeral homes and cemeteries in the United States.  If you did not agree even when they made a purchase of approximately $US…

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Seeking Alpha article on SCI

By Funeral Director Daily / April 17, 2018 /

Funeral Director Daily:  As we do from time to time, I have included an article that was put out yesterday by Kenny Robinson of Seeking Alpha on Service Corporation International.  The article, that you can read here, is an in-depth investment piece that I put out with no opinion other than to say it is…

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Earnings Rise Estimated for Matthews International

By Funeral Director Daily / April 9, 2018 /

At least one source, Zack’s Investment Research, predicts an upside earnings report for Matthews International when they report  earnings for the quarter ended on March 31, 2018, on April 26. Zack’s estimates an earnings of $0.89 per share as compared to earnings of $0.84 per share for the same quarter last year and $0.64 per…

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