Finance
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…
Read MoreOver 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…
Read MoreLast 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…
Read MorePark 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…
Read MoreLate on Thursday Carriage Services issued two press releases indicating that they had closed the purchases of two funeral firms in the corridor between Denver and Fort Collins, Colorado. The public death care company announced that they had acquired Carroll-Lewellen Funeral and Cremation Services in Longmont, Colorado and also acquired the Viegut Funeral Home in…
Read MoreU.S. District Judge Eduardo C. Robreno, of the Eastern District of Pennsylvania has dismissed a class action lawsuit against StoneMor Partners L.P. according to an article in the Delaware County Times. In this lawsuit, lead plaintiffs Judson Anderson was trying to show that investors were misled and/or materially harmed by statements StoneMor made between March…
Read MoreA net operating loss of $76.3 million was reported by global conglomerate Assurant yesterday. While two – Global Lifestyle and Global Preneed – of their three operating units posted profits, they were far outweighed by the losses in the Global Housing segment to produce the loss. The Global Housing unit loss of $110.3 million was…
Read MoreLast Friday, October 27, StoneMor Partners L.P., finally reported its earnings from the 1st Quarter of 2017 which ended on March 31, 2017. As reported earlier the Partnership is continuing to work on its delayed filing of periodic reports with the SEC. You can read the full report of last Friday from StoneMor here. Here…
Read MoreService Corporation International announced their 3Q 2017 results on October 25. The company, based in Houston, Texas – much like Carriage Services – announced that the results were somewhat skewed by the hurricanes that happened during the quarter and affected some of their locations in Texas and Florida. In SCI’s case, they announced in their…
Read MoreFollowing the close of business yesterday Carriage Services announced their 3rd quarter results. After a short note that two of their large market areas, Florida and Texas, were affected greatly by Hurricanes Irma and Harvey – which they contend more than likely affected results. Here are some of the notes from the report, which can…
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