Tag: Carriage Services

Finance

Carriage Services called “An under appreciated performer in the Death Care industry”

Seeking Alpha recently penned an article about death care public company Carriage Services entitled, “An Under Appreciated Performer in the Death Care Industry”.  You can access that article here. Here’s a few quotes from the article: Carriage Services operates in the attractive death care industry, operating 171 funeral homes and 32 cemeteries in the United States.  The industry is attractive, although it is still extremely fragmented The business generates significant cash flow and returns on equity currently exceed 20%. Its […]

Business

Are you investing in your business

For several years now the stock market has churned out really good results.  If you are a funeral home owner and you have been invested somewhat in the stock market. . . well, good for you. However, have you extended your foundation for the future in the funeral home business by making a little money in the stock market?  Maybe you have created a little cash to help with improving your main business.  If so, good for you. But, making […]

Finance

Carriage Services reports 2Q. . Cemetery business is the highlite

It’s quarterly reporting time in the public business realm and the companies in the death care sector are no different than others with that requirement.  Last week we reported Service Corporation International’s (SCI) results and today we bring you highlights of Houston, Texas based operator, Carriage Services. You can access the Carriage Services 2nd Quarter 2021 Report here. SCI’s report brought forth the fact that the company was able to increase revenues per service by over $600 as compared to […]

Business

Funeral service. . . . .by the numbers

Funeral Director Daily published this article last week that we titled “We saw a lot of deaths in 2020”.  The article tried to put a number to the number of death care cases across the United States in our Covid-19 pandemic year.  We came up with the number of 3,427,321 which was a 20% increase in the number of deaths from 2019 — 2,854,838. That article captured my interest on other numbers, or data, which may be of interest to […]

Finance

Funeral stocks continue solid climb

As of last Friday, June 4, we were over five months into the 2021 calendar year.  Funeral Director Daily decided it was time to take a look at where the Death Care stocks were in relation to the stock market indices up to that day. What we found out is that the stocks of companies that comprise the Funeral Director Daily Death Care Index (DCI) continue to show a positive movement — and even higher growth than the indices of […]

Finance

Death Care outpaces Dow, Nasdaq, and S&P for first third of 2021

For the first time that I can remember since I have followed what is termed the Death Care Index (DCI), the DCI for a period of time has outpaced the standard measures of America’s public companies, the Dow Jones Industrial Average, the Nasdaq, and the S & P 500.  For the time period of January 1, 2021, through the close of business last Friday, April 30, 2021, the Death Care Index has grown at a pace of 17.7%. The DCI, […]

Finance

Carriage Services 1Q 2021 Revenues rise almost 25%

Carriage Services was the first of our public death care companies to report on their 1st quarter of 2021 (January thru March 2021 numbers) when they did so last week.  Even knowing that January 2021 had a high number of additional mortality in the United States because of the number of Covid-19 deaths, you have to look at the Carriage Services financials and be somewhat impressed. When the final mortality numbers come out as to additional Covid-19 related deaths that […]

Finance

On looking back. . . and moving forward (Part 2)

We told you yesterday that Carriage Services CEO and Chairman Mel Payne had published a lengthy Letter to Shareholders in early April.   In that letter, that you can access here, he painted what we call a somewhat aspirational future for Carriage Services, after first pointing out how they got to where they are today. Today, we plan to offer our interpretation of how the company is being transformed from one that has about 174 funeral homes doing about 200 calls […]

Finance

On looking back. . . .and moving forward (Part 1)

Earlier this month Carriage Services CEO and Chairman Mel Payne put out a lengthy shareholder letter.  We found it a great read, not only to catch up with what is happening with Carriage Services, but as an aspirational blueprint, that if followed could lead to success in almost all funeral homes.  Payne even points out Investor Business Daily’s 10 Secrets to Success that we have included below. You can access this shareholder letter here. From my point of view, and […]

Finance

Park Lawn Corporation sees “significant growth in revenue, net earnings”

Park Lawn Corporation reported their 2020 4th Quarter and Year End financial numbers earlier this week and the press release, which you can read here, states “. . . PLC finished 2020 with a powerful performance in Q4, which included achieving significant growth in revenue, net earnings, Adjusted Net Earnings, Adjusted EBITDA, and Adjusted EBITA margin. ” A couple of highlights for the company included a full year revenue increase of 37% primarily due to acquisitions made during 2020 and […]