Finance
A couple of weeks ago (byline May 17) financial writers Kate Duguid and Jessica DiNapoli wrote a piece that was picked up by Reuters that you can read here. The article concerns the financial wherewithal of United States funeral home and cemetery operator StoneMor Partners LP. From our point of view, it is a very…
Read MoreIt was announced on Friday in this article that the Shaw & Sons Funeral Home of Yakima Valley, Washington, was under the ownership of Jamin and Kara Mohler. According to Jamin Mohler who stated, “Shaw & Sons has once again become a family-owned, local, neighbor-serving-neighbor funeral home”. The funeral home was started in 1899, and…
Read MoreSecurity National Financial Corporation, the Utah based financial and death care company showed a total company decrease in revenue for the 2019 1st Quarter as compared to the same quarter in 2018. You can see their 1st Quarter report here which was made public on May 16. However, even as the company experienced a decrease…
Read MoreEarlier in May both of America’s leading casket companies reported their 2019 fiscal year 2nd quarter financials. Those companies, Hillenbrand, which is the parent company of Batesville Casket Company, and Matthews International, which is the parent company of Aurora Casket Company, reported declining sales of caskets. You can see Hillenbrand’s 2Q report here and you…
Read MoreIt will come as no secret to anybody that Canadian funeral home and cemetery operator Park Lawn Corporation increased their revenue in the First Quarter of 2019 over that of the same period in 2018. Due to the number, size, and scope of their acquisition activity it was not a matter of increasing revenue, it…
Read MoreGreat 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…
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