Carriage Services
Last week funeral home and cemetery consolidator and operator Carriage Services reported their 3rd quarter results for 2019. After some disappointing results in the past year, the 3Q report was filled with enough upside results to put a little jump in the step of Carriage Service executives and stockholders. You can see the company results…
Read MoreFuneral home and cemetery public operation companies Carriage Services and Service Corporation International reported 3rd Quarter results October 28 and October 30 respectively. Here are press releases from each company on their results. Funeral Director Daily will wait until after we have had the chance to read the transcripts of the analysts calls with the…
Read MoreIt was announced yesterday in this press release that funeral home and cemetery consolidator Carriage Services had acquired the Rest Haven Funeral Home and Cemetery, based in Rockwall, Texas. The press release went on to say that this purchase represents Carriage Service’s first foray into the large and strategic market of Dallas-Fort Worth. Again, according…
Read MoreFuneral Director Daily tracks its proprietary Death Care Index or DCI periodically. The DCI is a group of eight publicly traded company stocks that each have some skin in the death care industry or profession. They range from companies involved in death care services to companies who manufacture things like crematories, to companies involved in…
Read MoreThree months ago the 1st Quarter report of 2019 for funeral home and cemetery operator Carriage Services caused concern for many of their stockholders. In that quarter, same store revenue for funerals and profitability took a backward trend as did the number of atneed and preneed services conducted or contracted. That report led management to…
Read MoreAs we continue to move into the reports from Wall Street on how public companies have been doing for the first six months of 2019 we have a couple of items that we noticed in today’s news that we will present to you: Dignity PLC halts dividend: The British funeral home conglomerate announced on Wednesday…
Read MoreService Corporation International (SCI), the largest single entity seller of funeral and cremation services in the United States, reported their 2nd Quarter 2019 and mid-year 2019 financial results yesterday. SCI has approximately 1500 funeral home, crematories, and cemeteries under its umbrella and is said to garner about 15-18% of the American death care dollar. Because…
Read MoreFinancial writer Benen Ling published on Seeking Alpha an article on the United States public funeral home and cemetery companies last week. He titled his article, “These Death stocks are barely clinging to life”. You can read the article here. Ling writes a good article and makes some great points about our profession and the…
Read MoreHouston based funeral home and cemetery consolidator and operator Carriage Services reported its 1st Quarter 2019 results yesterday. Their report somewhat parroted industry leader Service Corporation International’s report from a week ago in that “Same Unit” revenues dropped. In Carriage’s case, however, even with new acquisition revenue added in, their 2019 revenues of $69.1 million…
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