Finance
Great Britain’s leading purveyor of death care services reported that for the first 13 weeks of 2019 that they have had fewer services and lower profits than the first quarter of 2018. In a statement very similar to first quarter United States public death care companies, Service Corporation International and Carriage Services, Dignity Plc said…
Read MoreStoneMor Partners, the Pennsylvania operator of funeral homes and cemeteries announced First Quarter 2019 results last week. The company, which is in what CEO Joe Redling says is an “operational reorganization” continues to see revenues lower and losses larger than the comparable quarter one year ago. For 1Q 2019 revenues amounted to $71.5 million as…
Read MoreToronto based funeral and cemetery services provider Park Lawn Corporation announced last week that they have entered into agreements to acquire the assets of Horan & McConaty Funeral Services and the assets of the Baue Funeral Home Company. The press release and more information that you can read from Yahoo Finance here, indicate that the…
Read MoreIn a press release out of Park Lawn Corporation headquarters in Toronto, Ontario, today, the company announced that it had acquired the assets of two-location funeral business John L. Ziegenhein & Sons Undertaking, Inc. According to the press release that you can read here, the Ziegenhein Funeral Homes were acquired for a purchase price of…
Read MoreHouston based funeral home and cemetery consolidator and operator Carriage Services reported its 1st Quarter 2019 results yesterday. Their report somewhat parroted industry leader Service Corporation International’s report from a week ago in that “Same Unit” revenues dropped. In Carriage’s case, however, even with new acquisition revenue added in, their 2019 revenues of $69.1 million…
Read MoreI read an interesting article the other day published by Reuters out of Tokyo, Japan. It piqued my interest because I have seen in the recent past and believe going forward that new crematory facilities will continue to be a challenge to get built in locations across North America. My belief stems from the fact…
Read MoreNorth America’s largest funeral home and cemetery operator, Service Corporation International, reported 1st Quarter 2019 results last week and you can see their press release on those results here. The company’s CEO, Tom Ryan, issued the following statement in the report. “We are encouraged as we start of 2019 on par with prior year earnings…
Read MoreAuthor Noam Ganel wrote an article for Seeking Alpha entitled, “The Case for (and against) owning shares in Carriage Services” which was published on April 15. You can read the article here. Funeral Director Daily take: This is an interesting article that, in my opinion, the author researched well. You may or may not like…
Read MoreUtah based Security National Financial Corporation issued their 2018 financial results earlier this month and you can see a statement from them here. The company announced a company wide increase in revenues of 1% to over $279 million. In addition, SNFC announced that their after-tax earnings from operations jumped over 53% from about $14 million…
Read MoreIn a news release from April 2 that you can read here, StoneMor Partners reported their financial results for the 4th Quarter of 2018 as well as the full year 2018. As you may know, the company has been filing delayed SEC reports but this report puts them pretty much on schedule. Here are some…
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