“I think it would be great to eliminate this tax. For people, at the end of life, to have further tax put upon them seems to be too much for people who already spend their whole life being taxed” Funeral Director John Kohl of Parker Kohl funeral home as quoted in Southernminn.com Southernminn.com reports that…
The Dallas Post reports that the Luzerne County has increased the fee for a cremation permit from $35 to $60. The increase will offset a $50,000 proposed budget increase for autopsy expenses relating to drug overdoses. There were 1,872 cremations in 2016 in Luzerne County, up from 1872 cremations in 2015. Funeral Director Daily’s take:…
Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, issued fourth quarter 2016 financials. Here are the highlights. Quarterly revenue increased by 5% to $809 due primarily to an increase in cemetery preneed revenue. SCI funeral home revenues were flat. Net income declined by 11% to $66 million…
The US Census surveys the funeral industry every five years. The next census will take place later this year. Here is the data on US revenues and employment in the Cemetary, Crematory and Funeral Home industries for 1997-2012. Funeral Director Daily take: The drop in cemetery and crematory staff of almost 46% in fifteen years…
The National Directory of Morticians Redbook reports that the number of of US funeral homes declined by one tenth of one percent during 2017 as you can see from the following table. The number of US funeral homes has declined by approximately 1%/year since 2004. 86% or 16,617 of the 19,322 funeral homes in the…
BUSINESS
Knowing the value of the “Front-Line” worker
Over the last couple of weeks I’ve had the opportunity to visit with many from the “Death Care” or “Funeral” industry. Those discussions made me realize that our profession has came a long…
Banks report “Weaker loan demand”, Consumers pull back on credit: What does that mean for your funeral home?
During this week I read two articles and when I did I wondered how the subject of each might affect funeral homes and the funeral business going forward. The articles included this one…
Take a cue from Apple. . . Sell more services
Apple has been seeing sales of its iPhone declining. The product, which makes up about 1/2 of the company’s sales, dropped in sales revenue another 10% in the last quarter according to…
FINANCE
Park Lawn enters 2024 “Leaner” and more reliant on the “Funeral side”
Park Lawn Corporation revealed their 1st Quarter of 2024 financials last week and you can access them here. The 1st Quarter of 2024 marks the first quarter of operations for the company coming…
Carriage Services CEO Quezada on 1Q Financials: “A significant milestone for Carriage’s history”
Funeral home consolidator and operator Carriage Services reported their financial results for the 1st Quarter of 2024 last week. In the Earnings Call following the release of the financials Carriage Services CEO and…
SCI’s 1Q24 results point out some Death Care headwinds
Service Corporation International (SCI) reported their 1st Quarter 2024 financial results last week. North America’s largest death care provider did show an increase in revenue of 1.6% to about $1.045 billion for the…
REGULATIONS
Federal Trade Commission bans “Non-Compete” agreements
“This rule affects every segment of the American economy and in a simple 3-2 vote destroys billions of dollars in value that employers have spent in compensation for a covenant not to compete”. …
Dignity, care, and respect. . . bringing the fallen home
On Saturday night I was at a movie, came home and turned the television on to catch the news and learned of the missile bombardment of Israel that Iran took responsibility for. Now,…
Might the Baltimore Bridge collapse cause a “funeral tax” in Maryland?
A week ago today I woke up to the news of the collapse of the Francis Scott Key Bridge in Baltimore Harbor. It wasn’t so long ago that I was in Baltimore…
CEMETERY
County governments seem to have lots of problems, are human remains another one?
Funeral Director Daily recently learned through this article from Public Media for Central Pennyslvania that Centre County will be building a 160-unit columbarium in Zion, Pennsylvania, to house urns that have went…
America’s military cemeteries face financial backlog for upkeep and improvements
Kansas United States Senator Jerry Moran recently testified at a United States Senate Veterans Affairs Committee meeting that “When mourning a death the last thing a grieving family needs is some bureaucratic hurdle…
Looking outside the grave for cemetery revenue
Back almost three years ago in July 2021, Funeral Director Daily brought you this story of how a renewable energy company, Verogy, had put a 7,000 panel solar energy farm inside a…
CREMATION
Take a cue from Apple. . . Sell more services
Apple has been seeing sales of its iPhone declining. The product, which makes up about 1/2 of the company’s sales, dropped in sales revenue another 10% in the last quarter according to…
Because that’s where the money will be. . . .
Again today I’m building off some of the impressions that my friend, Rolf Gutknecht of LA Ads – A Marketing Agency had during his time at the recent ICCFA Convention in Tampa. As…
Eirene receives $4 million in seed funding, expands into the United States
It was announced in this recent Pulse 2.0 article that Canada’s online-operated cremation provider Eirene has recently received over $4 million in seed funding led by Relay Ventures with participation from at least two…
PRENEED
Banks report “Weaker loan demand”, Consumers pull back on credit: What does that mean for your funeral home?
During this week I read two articles and when I did I wondered how the subject of each might affect funeral homes and the funeral business going forward. The articles included this one…
Take Ring Ring Marketing for a Test Drive
When it comes to technology I am a confessed “Novice”. And personally, with Social Media I am pretty quiet too. . . . or maybe my life is dull enough that none of…
Cash is King. . . .make sure that you turn your services into cash
Last week Funeral Director Daily published this article titled “Know your customer — How’s their credit”. That article delved into the American consumer credit profiles and why, before extending credit, you needed to…
PRODUCTS
Take a cue from Apple. . . Sell more services
Apple has been seeing sales of its iPhone declining. The product, which makes up about 1/2 of the company’s sales, dropped in sales revenue another 10% in the last quarter according to…
Technology will be/is here for your funeral home
A pager that allowed me out of the funeral home. . . .telephone transfers that allowed death calls to be “transfered” to one’s home phones. That’s about the extent of technology when I…
Because that’s where the money will be. . . .
Again today I’m building off some of the impressions that my friend, Rolf Gutknecht of LA Ads – A Marketing Agency had during his time at the recent ICCFA Convention in Tampa. As…
