Finance

StoneMor 2nd Quarter Results. . .Company Drops Distribution

By Funeral Director Daily / December 22, 2017 /

StoneMor Partners, based in Trevose, Pennsylvania, issued their 2nd Quarter 2017 financials and report on December 12.  We bring them to you today.  You can see their press release on the results here. Here are some of their highlights: Revenues for the quarter were $86 million which represents a $7.0 million increase from the same…

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Park Lawn Corporation Resets Credit

By Funeral Director Daily / December 19, 2017 /

Park Lawn Corporation, the funeral industry consolidator out of Toronto, Canada, announced yesterday in this press release that they have obtained additional credit facilities which will poise them for further growth.  The company announced a $125 million facility with the National Bank of Canada as the lead lender and participation from the Bank of Montreal…

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Service Corporation Announces New Debt Arrangement

By Funeral Director Daily / December 8, 2017 /

Service Corporation International (SCI), a funeral care public company and a component of the Funeral Director Daily Death Care Index (DCI), on Tuesday announced a new debt arrangement moving forward.  The company announced that it has priced an underwritten public offering of $550 million Senior Notes due in 2027.  The notes have been priced at…

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Park Lawn Corporation Makes Strategic Saskatchewan Purchase

By Funeral Director Daily / December 7, 2017 /

Park Lawn Corporation announced last week that they had purchased Christie’s Funeral Home and Crematorium in Yorktown, Saskatchewan.  The announced purchase price was $1.96 million (Canadian).  You can read the press release here. The company announced that it was a strategic fit and will build upon their operations in Manitoba and Saskatchewan.  They also announced…

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Carriage Services Announces Long Island Acquisition

By Funeral Director Daily / December 6, 2017 /

It was announced at the close of business yesterday that Carriage Services, a publicly traded death care industry consolidator, had acquired the five funeral homes under the ownership of the Thomas F. Dalton Funeral Homes on Long Island, New York.  According to Carriage Services CEO Mel Payne, “The partnership with Thomas F. Dalton Funeral Homes…

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Checking Up on the Death Care Index

By Funeral Director Daily / December 4, 2017 /

It’s been a little over three months since we visited the Death Care Index or DCI.  The DCI is Funeral Director Daily’s gauge for checking up on the investment return of death care companies who operate in the public ownership market.  At the close of business on November 30, a day in which the Dow…

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Matthews Posts Record Revenues — Casket Sales Decline

By Funeral Director Daily / November 29, 2017 /

Matthews International issued a press release last Thursday, November 16, reporting on their 4th quarter and 2017 year end results.  It is a report eerily similar to Hillenbrand’s 2017 year end report in that the report was overall excellent but both companies saw sales in their casket units drop.  You can read Matthews press release…

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Not Just an American Phenomena

By Funeral Director Daily / November 27, 2017 /

Over the last week I ran into an article in the Australian news about the funeral service provider Propel Funeral Partners.  You can read the article for yourself here. Propel Funeral Partners has been in business for over five years but just last week took its stock public on the Australian Stock Exchange raising $131…

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Hillenbrand Reports Record Earnings – Batesville Sales Slide

By Funeral Director Daily / November 20, 2017 /

Last Wednesday Hillenbrand Industries reported 4th quarter 2017 and full year 2017 results.  For both the quarter and the year the company reported that company’s overall revenue had grown about 3% overall. For both the quarter and the year, however, revenue increased in the Process Equipment segment of their business and decreased in the Batesville…

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Park Lawn Reports 3Q Results

By Funeral Director Daily / November 15, 2017 /

Park Lawn Corporation today released the results of their 3rd Quarter operations.  The company reported that their revenue increased by over 29% to a $22.4 million mark in 3Q 2017 as compared to $17.3 million in 3Q 2016.  All dollar figures are reported in Canadian dollar figures. The company had several one time non-recurring expense…

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