Finance
We noticed a couple of articles in the news or opinion sections today about death care public companies StoneMor Partners and Park Lawn Corporation and just thought we would pass them on. StoneMor Partners to eliminate 340 positions. This article points out that StoneMor Partners will be targeting 340 positions as it attempts to eliminate…
Read MorePark Lawn Corporation (PLC), the Toronto based consolidator and operator of funeral homes and cemeteries reported their financial results for the 2nd Quarter of 2019, the period that ended June 30, 2019, yesterday. You can see a short synopsis of the results in this press release. Park Lawn’s CEO Andrew Clark is quoted in the…
Read MoreUnited States funeral home and cemetery operator StoneMor Partners, L.P. reported financials for the 3 and 6 months ending on June 30, 2019, after the close of business yesterday. The company, which is in a self-proclaimed “turnaround” continued to report lower revenue numbers and larger net losses than last year for the time period, but…
Read MoreLast week Matthews International, a multi-faceted United States public company based in Pittsburgh, Pennsylvania, reported 3rd Quarter results for their fiscal year which will end on September 30. The 3rd Quarter results are for the period ended June 30 and you can read the Matthews press release about the financial report for the 3rd Quarter…
Read MoreThree months ago the 1st Quarter report of 2019 for funeral home and cemetery operator Carriage Services caused concern for many of their stockholders. In that quarter, same store revenue for funerals and profitability took a backward trend as did the number of atneed and preneed services conducted or contracted. That report led management to…
Read MoreAs we continue to move into the reports from Wall Street on how public companies have been doing for the first six months of 2019 we have a couple of items that we noticed in today’s news that we will present to you: Dignity PLC halts dividend: The British funeral home conglomerate announced on Wednesday…
Read MoreService Corporation International (SCI), the largest single entity seller of funeral and cremation services in the United States, reported their 2nd Quarter 2019 and mid-year 2019 financial results yesterday. SCI has approximately 1500 funeral home, crematories, and cemeteries under its umbrella and is said to garner about 15-18% of the American death care dollar. Because…
Read MoreBOOX Research provided an article to Seeking Alpha about Service Corporation International (SCI) that you can read here. It’s important to note that this is only one article by one researcher, but their complex analysis ends up with a going forward rating on the public death care company of “Underperform”. The very first page of…
Read MoreIt was announced last week that the largest provider of death care services in Australia and New Zealand would be making another acquisition. InvoCare announced last week that they would be purchasing Australian Heritage Funerals located in Toowoomba, Queensland. According to an article and news video you can read and see here, the closing will…
Read MoreIf you follow Wall Street and the American stock market you will know that we are in the period of the summer where public companies start to report their earnings as of June 30. For most of the companies who operate on a calendar year this is their 2nd Quarter results and gives investors a…
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