Motif Investing is bullish in the funeral industry for two reasons: aging baby boomers will increase the demand for funerals and cremations between now and 2036; and 80% of funeral providers are private which provides room for consolidation.
Matthews International announced revenue for the first quarter of fiscal 2017 (3 months ended December 31, 2016). You can read the earnings release here and the Seeking Alpha earnings call transcript here. Funeral Director Daily will focus on the performance of the company’s memorialization segment which produces headstones, caskets and urns. Memorialization sales declined…
TREVOSE, Pa., Jan. 23, 2017 (GLOBE NEWSWIRE) — StoneMor Partners L.P. (NYSE:STON) (“StoneMor” or the “Partnership”) today announced that Sean P. McGrath resigned as Chief Financial Officer of StoneMor GP LLC (“StoneMor GP”), the general partner of the Partnership, to pursue business opportunities outside the deathcare industry. Mr. McGrath will remain in his current role…
TREVOSE, Pa., Jan. 03, 2017 (GLOBE NEWSWIRE) — StoneMor Partners L.P. (NYSE:STON) (“StoneMor” or the “Partnership”) today announced that on December 30, 2016, StoneMor GP Holdings LLC, the sole member and owner of the general partner of the Partnership, acquired 2,332,878 common units representing limited partner interests of the Partnership in a private placement for…
HOUSTON, Nov. 15, 2016 Carriage Services, Inc. (NYSE: CSV) is pleased to announce that we have partnered with Rich & Thompson Funeral Services in the Strategic Market of Raleigh/Durham/Greensboro in North Carolina. Dating back to 1913, the Rich & Thompson name has been a prominent name in funeral service in both Burlington, NC and Graham, NC.…
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BUSINESS
Top Stories: Revenue growth, tariffs, acquistions, perceptions, ransoms — there’s an article for every interest in our “Best Read”
Wow!! The middle of the month seems to have got here fast and with it comes our list of “Top Read” Funeral Director Daily articles over the past 30 days. This month it…
“Equal Deathcare”: New group insinuates that funeral directors, funeral homes are places of “Exclusivity”
“We were surprised — and not surprised at the same time — to find that none of the websites, no matter where they were from, demonstrated any inclusivity.” I read that statement,…
Becoming. . . .”A Direct Cremation Nation”
In the years that I’ve been publishing Funeral Director Daily I’ve witnessed those in Great Britain become concerned because approximately 20% of the country’s deaths have been memorialized with only a “Direct Cremation”. Just…
FINANCE
Private Equity makes investment in Alkaline Hydrolysis
When an investment is made in a business venture the investor has high hopes for a multiple return on their investment. That can certainly be said for private equity companies who make some of…
Seeking Alpha says SCI will “benefit from an aging population”
Investor network Seeking Alpha published an article last week in regards to investment opportunities in the largest publicly-held Death Care operator Service Corporation International (SCI). The article was titled, “Service Corporation: Benifiting from…
Death Care Index holds its own against other indexes for 1Q 2025
Funeral Director Daily’s analysis of the Death Care Index (DCI) for the 1st Quarter of 2025 shows that the four public companies that comprise the index held up favorably as a whole when compared…
REGULATIONS
Trump’s tariffs and caskets
The tariffs that President Trump put into effect this week seems to be the subject in every room that I step into. We even talked about it at after church coffee on Sunday. …
“Funeral Coverage Act” would provide another resource for funeral costs
Funeral Director Daily first reported on the “Funeral Coverage Act”, a proposed amendment to the Internal Revenue Code of 1986 to treat distributions from health savings accounts (HSA) for funeral expenses of the account…
Cremated remains Priceless? These were ransomed for $2 million
It’s not your father’s Death Care world anymore. Because if you are currently involved in the Death Care business it seems like everyday something new happens that we haven’t thought about before. . .…
CEMETERY
Everstory Partners transforms through technology
Everstory Partners serves over 65,000 families annually and in addition to its funeral home business, operates close to 400 cemeteries around the United States, including Puerto Rico. Recently they authored this press…
Cremated remains Priceless? These were ransomed for $2 million
It’s not your father’s Death Care world anymore. Because if you are currently involved in the Death Care business it seems like everyday something new happens that we haven’t thought about before. . .…
Location, economics of clientele can lead to cemetery success/failure
A couple of recent articles that I read give an indication of how the financial success of cemeteries can vary based on location and/or the clientele that may be using the cemetery. …
CREMATION
Top Stories: Revenue growth, tariffs, acquistions, perceptions, ransoms — there’s an article for every interest in our “Best Read”
Wow!! The middle of the month seems to have got here fast and with it comes our list of “Top Read” Funeral Director Daily articles over the past 30 days. This month it…
Private Equity makes investment in Alkaline Hydrolysis
When an investment is made in a business venture the investor has high hopes for a multiple return on their investment. That can certainly be said for private equity companies who make some of…
Becoming. . . .”A Direct Cremation Nation”
In the years that I’ve been publishing Funeral Director Daily I’ve witnessed those in Great Britain become concerned because approximately 20% of the country’s deaths have been memorialized with only a “Direct Cremation”. Just…
PRENEED
10 Years of Pure Cremation
There has probably not been a Death Care company that had as rapid an accension as British direct cremation provider Pure Cremation. Founded in 2015 as a direct cremation company by the husband and…
Authorities “claw back” about 10% of defunct preneed losses
Funeral Director Daily recently learned that holders of pre-need funeral plans from Safe Hands Plans, Ltd. will initially receive about 10% of their investment back as authorities have “clawed back” funds from resources…
Does “Loneliness” affect funeral services, revenue?
Prior to Christmas this past month I listened to my pastor preach on “Loneliness”, and loneliness specifically as it relates to the Holiday Season. You see, she pointed out, that while many of us…
PRODUCTS
Creedy, Jefferson bringing Blue Ocean Tour to Minneapolis
Veteran funeral industry analysts and consultants Alan Creedy and Danny Jefferson are bringing their “Experiential Learning” methods to Minneapolis, Minnesota, for two days in May. This tour from May 12 thru 14 will…
Treasured Memories Community Funding can help your client families and your community
Last week it seemed that every time I turned around I heard a news story about debt. . . . Here’s one that’s titled “Over nine million student loan borrowers could see their credit…
Prelude receives another venture investment
Prelude’s website makes this statement “We created the world’s best in-person selling software that anyone in your funeral home can use to close in just one meeting”. One year ago on March 8,…
