Finance
I get a lot of feedback on Funeral Director Daily and I understand people follow the site for many reasons. One of the most common things I hear is that readers enjoy updates on what the public companies in the death care industry are doing. So, I’ve decided that when I find an article…
Read MoreIt may be Presidents’ Day today, but at Funeral Director Daily it feels a little more like Finance Day. We have already let you know about Carriage Services 4th quarter and year end results and on how their stock fared on Friday after the announcement. We just came across a little bit of finance information…
Read MoreDeath care stocks, StoneMor Partners and Carriage Services, both components of the Funeral Director Daily Death Care Index (DCI), had postive movements last Friday which lifted their companies stock price and market capitalization. Carriage Services reported Year End earnings for 2017 last week and we at Funeral Director Daily commented that the company “keeps chugging…
Read MoreCarriage Services, an American death care industry consolidator, again teased investors with some good results coupled with some items that they could improve on when they reported their end of year 2017 results last week. In a press release from the company that you can read here, Chief Executive Officer Mel Payne stated, “After eight…
Read MoreService Corporation International of Houston, Texas, the nation’s largest provider of deathcare services reported 4th Quarter and Year End 2017 results on Tuesday, February 13. You can see the financials and read the commentary here. In a statement, Chief Executive Officer Tom Ryan commented, “We delivered a solid quarter as we close out 2017. .…
Read MoreWe’ve said before that 2017 was an unusual year for StoneMor Partners, LP in that they had some key executives leave or retire and, probably partly because of that and an accounting review, they delayed their reporting to the Security and Exchange Commission. They have been working hard and on January 26, 2018, the company…
Read MoreHillenbrand Industries reported 1st Quarter 2018 earnings on January 31. You can read the company’s press release here. President Joe Raver made the following comment, “We are off to a strong start for 2018 with continued momentum in the Process Equipment Group. We remain closely aligned with our customers by providing applications expertise and high…
Read MoreThe Funeral Director Daily Death Care Index (DCI) dropped roughly 2% for the month of January in contrast to the Dow Jones Industrial Average which recorded a 5.79% gain. The DCI, a composite total of eight death care industry public stocks, stood at $290.78 at the close on January 31 in comparison to its mark…
Read MoreMatthews International Corporation reported earnings on January 25. The consolidated company – which operates worldwide in three divisions which includes a division labeled “Memorialization” and includes Matthews Cremation Products and Aurora Casket among others – recorded an increase in sales of over $20 million system-wide for their fiscal year’s 1st Quarter. They also produced non-GAAP…
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