Finance
Earlier this week Service Corporation International posted their 2nd Quarter results, which you can see in a company press release here, and we told you that we would analyze them and report our impressions. There is nothing that surprises us with the SCI results, more so, they reinforce what we believe is the direction of…
Carriage Services, the Houston based funeral home and cemetery consolidator and operator announced 2nd Quarter 2018 earnings yesterday and with that report, that you can access here, found their common stock losing about 5% of its value. Analysts had predicted earnings in the range of about $0.37 per share and the report brought earnings in…
Service Corporation International, the largest of the funeral service conglomerate public companies, reported 2nd Quarter 2018 financial results yesterday. You can read their press release and see the numbers here. SCI announced earnings per share of $0.44 versus analysts estimates of $0.43 per share. They also announced 2nd quarter revenue of $796 million as compared…
Matthews International reported its 2018 fiscal year 3rd quarter results last week. You can read the company’s press release and report here. As you may know the Pittsburgh, Pennsylvania based public company operates in three segments: Brand Solutions, Industrial Technologies, and Memorialization. Their Memorialization segment is what we are concerned with in the death care…
Matthews International, a death care conglomerate with operations in crematory equipment, bronze memorialization products, and caskets, reported their 3rd Quarter 2018 fiscal year results yesterday. You can read their press release here. Their report can be summed up by increased total sales – albeit not to the extent that they had predicted, but a beat…
I’ve told readers many times that while I owned and operated a small funeral home – one that grew from 140 calls to about 325 calls – I always learned by reading and watching what the “Big Boys” in our industry were up to. That meant, over the years, buying some stock and reading annual…
In a release dated July 19 that you can read here, investor’s service Moody’s upgraded the debt rating of public company Hillenbrand Industries from a Ba1 to a Baa3. They also noticed that the outlook of the company going forward is “Stable”. Hillenbrand Industries is the owner of U.S. casket manufacturer market share leader Batesville…
Last week we brought you a press release about the renaming of funeral homes in the Sarasota, Florida area. The funeral homes, operated by Service Corporation International were rebranded with a derivative of the Toale family name. We also told you in our article that the press release was somewhat odd and vague and we…
Last week Carriage Services, a funeral service public company based in Houston, Texas, announced that they had acquired two funeral homes in the State of Virginia. You can read the press release here. The release announces the acquisition of the Covenant Funeral Homes in Fredericksburg and Stafford, Virginia. The release goes on to say that…
In a news release provided by Park Lawn Corporation that you can read here, the company announced on July 5, 2018, that they are purchasing the Hanson Arbor Funeral Chapels in the Okanagan Valley of British Columbia. The purchase will bring four funeral homes and a crematorium into the Park Lawn family. The release also…
