Carriage Services
On Wednesday Funeral Director Daily told you of the Tuesday, October 2, press release of Park Lawn Corporation stating that it was withdrawing its all-cash offer to purchase all of the outstanding stock of Carriage Services. It also mentioned that it had declined to participate any further in Carriage Services’ “Review of Strategic…
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Yesterday Park Lawn Corporation issued a press release stating that “it has declined to participate further in Carriage Services, Inc.’s (NYSE: CSV) (“Carriage”) previously announced strategic review process and that it has withdrawn its all cash proposal to purchase the outstanding stock of Carriage.” The press release which you can read here also…
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About three weeks ago on August 16, 2023, an author at Seeking Alpha published this article on funeral home and cemetery operator Carriage Services. It is an interesting article that you should read as I think the author has a “better than most” understanding of how the death care market operates. In…
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There is a lot to be digested when you look at Park Lawn Corporation’s (PLC) 2nd Quarter Earnings Release and their Earnings Call transcript which were made public last week. Much like the quarterly reports from SCI and Carriage Services, Park Lawn was able to increase revenues, but like their counterparts, it…
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Houston based funeral home and cemetery operator Carriage Services reported their 2nd Quarter 2023 financial report last week one day after Service Corporation International. What may become a common theme is that the companies have been able to increase revenue quarter over quarter during the past year but those gains run into…
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While most of us have been anticipating some news on the acquisition front from Australia and the proposed takeover of InvoCare by TPG Capital or waiting for some news on the North American proposal of Park Lawn Corporation to acquire Carriage Services, news came late last week that Great Britain’s large direct cremation…
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The world of Death Care has once again proved pretty small. In what was supposed to be a confidential offer, Park Lawn Corporation has confirmed, according to this Yahoo Finance article, that they have recently made a buy-out proposal to Carriage Services. And, Carriage Services, in this company press release, has…
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In this press release from last Thursday it was announced that some leadership position changes at publicly held funeral home and cemetery operator Carriage Services were underway. First and foremost was the announcement that former company Chief Operating Officer and President Carlos Quezada was being promoted to the position of Chief Executive…
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It was less than three weeks ago, on May 4, when listeners of Carriage Services earnings call got an idea that something was going to be decided in the way that the company handled their preneed business. In that call, of which you can read the transcript here, Vice-Chairman, President and Chief Operating…
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Carriage Services announced in this press release their operating results of the 1st Quarter of 2023. Much like we mentioned in last week’s article on Service Corporation International (SCI), these numbers need to be looked at in the light of a reduced number of deaths in the United States for 1Q 2023 as…
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