Finance
Park Lawn Corporation (PLC), the Toronto based funeral home and cemetery consolidator and operator, reported their 2019 financial results on Monday after trading hours. The company showed mixed results by increasing their revenue by 51% to $244 million (all dollar numbers are in Canadian dollars unless otherwise indicated) but only generating an additional 2.3% in…
On Friday, or maybe it was Saturday, I was watching President’s Trump daily briefing on the coronavirus pandemic and my ears picked up when I heard him him mention some of the companies that were leading the charge against the virus. One of the companies he mentioned was Hillrom. If you have been around funeral…
Earlier today Seeking Alpha News Editor Yoel Minkoff put out a short piece entitled, “Tough times for U.S. funeral homes“. Oppenheimer securities analyst Scott Schneeberger is quoted in the article. You can access the short article here. [wpforms id=”436″ title=”true” description=”true”]
Those of us who have watched the markets over the last few weeks have seen a deterioration in the value of our private investment portfolios. What has happened in the broader market is also indicative of what has happened in the death care industry with the exception of StoneMor, Inc. and its stock and valuation.…
We reported back in February on Carriage Services’ 2019 4th Quarter and their 2019 year end report. We told you at that time we would be listening for their Earnings Call and would eventually report on that as well. You can access the entire earnings call from this web page. Here are some interesting comments…
Yesterday I received an opinion article from Seeking Alpha entitled, “The Cornovirus’ Potential Impact on Service Corporation International’s Stock Price”. I will say that I do not have a personal opinion on this article but make it available simply because it is a public article on the virus and its potential impact on funeral services,…
The headline from a Motley Fool piece that you can read here states, “InvoCare delivers solid profit and dividend growth in FY2019”. Australia’s largest funeral and cremation provider recorded revenue growth of 4% for the year which led to a 19.6% increase in after tax operating earnings. For the year, InvoCare brought in revenue of…
Last week funeral service and cemetery consolidator and operator Carriage Services, based in Houston, Texas, reported 4th Quarter and Year End results for 2019. They also provided commentary on how they believe that the company will move in the next three years. I will provide some factual information in this report but also my…
Members of the death care media were informed yesterday via press release that the CEO and Chairman of Toronto based Park Lawn Corporation (PLC), Andrew Clark, would be stepping down as Chairman and CEO of the company. You can read the press release here. The release quoted Clark as saying, “It has been a tremendous…
