Finance
Every so often someone asks me what I think of the funeral/cremation/cemetery companies that are in the public ownership realm. So, today I will start giving you my opinions of what I think each is trying to, or should try to accomplish. Each in this series of write ups will be my day to be…
In a release from Globe Newswire that you can read here, Security National Financial Corporation’s wholly owned subsidiary, Memorial Mortuaries and Cemeteries, announced the acquisition of two funeral homes in Utah. Security National Financial Corporation is a Utah based public company and is engaged in three business segments — life insurance, cemetery and mortuary, and…
On February 22 Carriage Services executives including CEO Mel Payne and Chief Financial Officer Ben Brink held a call with investment advisors relating to the Full Year 2018 results of Carriage Services. You can read a full transcript of that call here. A few days ago we reported on the earnings report in this column…
Park Lawn Corporation, the Toronto based cemetery and funeral home consolidator announced last week that they had reached an agreement to purchase Madison, Wisconsin based Cress Funeral Service for US$ 20.3 million. You can read a press release from Park Lawn here. Park Lawn, in their press release, makes these statements: The price to be…
America’s largest owner of funeral homes reported their 2018 4th quarter and 2018 Year End results on Monday, February 18. You can read a copy of the press release from Service Corporation International here. For the year, Service Corporation reported revenue of $3.190 billion as compared to 2017’s $3.095 billion — an increase in revenue…
Last week, just a few days after filing their 2Q 2018 financial report StoneMor Partners issued a press release that you can read here pertaining to their 3rd Quarter 2018 performance. The company continued to report a net loss as they reported a loss of $17.2 million for the quarter and a year to date…
Both StoneMor Partners and Assurant filed earnings reports in the last couple of days. Both companies are members of the Death Care Index (DCI) of publicly traded companies. StoneMor, which has had permission to file some reports on a delayed term, filed their report for the three months ending June 30, 2018. For that three…
On January 31 Matthews International, parent company of Matthews Cremation and Aurora Casket, reported its first quarter of fiscal year 2019 which covers the period of October 1, 2018 to December 31, 2018. You can read the press release from Matthews here. As a company the consolidated sales totaled $374.2 million as compared to $369.5…
Multi-faceted conglomerate Hillenbrand Industries, parent of death care company Batesville, reported higher revenue year over year for their 1st Quarter which ended on December 31. Hillenbrand, as a whole, reported revenue for the quarter of $410 million which is 3% higher than one year ago. Hillenbrand’s Processed Equipment Group (PEG) reported revenue growth of 7%.…
Yesterday StoneMor Partners issued a press release which you can read here. In it they “announced a number of key financial and operational updates representing further steps forward in its ongoing turnaround effort. These steps include a waiver and amedment of certain loan covenants, growth financing from its largest investor and the completion of an…
