Tag: cemeteries

Finance

InvoCare reports first half year. . . gives us a glimpse of future funeral home revenue sources

InvoCare, the largest public purveyor of death care services in Australia, reported their first half year results for 2021 recently.  The earnings call transcript, which you can access here, also gave some glimpses into the future of funeral service companies, at least in Australia. As you may know, Australia has had a severe lockdown during the Covid-19 pandemic.  The first half of 2021 eased those restrictions somewhat and that was partially the reason that InvoCare saw a 13% increase in […]

Business

A perspective on the times, what we do. . and why

I was going to write today’s article on some business things to check into after Labor Day.  However, that article will wait until tomorrow.  When I read the Minneapolis Star Tribune editorial pages yesterdayI came across a short article written for the 1981 Labor Day.  You can access that article here. Now 1981 — that’s 40 years ago.  It also happens to be the first Labor Day for me after I had been a full-time employee for at least one […]

Finance Products

Online memorial startup Memories brings in over $30 million in funding. . . InvoCare invests $4 million

Online memorials seem to be one of the likeliest winners among potential start-ups in the Death Care space. . . . at least that is what it is looking like from the investment community.  According to articles that we link below it appears that over the summer months the Australian based Memories has raised over $34 million, which if in Australian dollars is still impressive as it equals about $25 million U.S. dollars. InvoCare, a public company and the largest […]

Finance

Park Lawn Corporation Revenue, EBITDA improves for 2Q and Fiscal half-year

Park Lawn Corporation, the Toronto, Ontario based funeral home and cemetery consolidator and operator announced 2nd Quarter financial results earlier this month.  For the company, revenue increased 8.5% to $88.4 million (US $68.9 m) from last year’s 2nd Quarter revenues of $81.5 million (US $63.59 m).  Adjusted EBITDA increased for the same time period to $22.7 million (US $17.7 m) as compared to the 2nd Quarter of 2020  Adjusted EBITDA of $19.48 million (US $ 15.19 m).  That’s an increase […]

Finance

StoneMor Inc. partners with Empathy. . . .Reports 2nd Quarter financials

StoneMor, Inc. the Pennsylvania based operator of cemeteries and funeral homes last week announced a partnership with end-of-life technology support start-up Empathy.  Empathy is, as they say, powered by technology and driven by purpose in helping grieving families handle countless tasks following the death of a loved one.  The company describes itself as “a service platform that helps families navigate the journey they face after losing a loved on.”  Here’s what StoneMor, Inc. CEO Joe Redling said in this prepared […]

Cemetery Regulations

Issues with cemeteries

I’m a big proponent of memorialization of our past history.  In the world of death care I take that to mean that I am a proponent of cemeteries with some type of memorial to those whose body or cremated remains lie within.  I’m of the opinion that every human being deserves that respect of being “remembered” with some type of marker. I’ll also agree that not everybody agrees with me.  And, my viewpoint may be somewhat jaded by serving in […]

Business Cemetery

Can two death care trends solve a problem??

Over the years that I have done the research for the articles that appear in Funeral Director Daily, among others, I have noticed two trends that are definitely growing in the death care world.  One of those trends is that of Green or Natural burials.  Virtually every day when I look for articles that will be of interest to readers I will find an article from somewhere in the United States that is opening up a funeral home or cemetery […]

Business

Funeral directors carried on. . . . .

Since about 2010 I’ve been associated with a couple of non-profit Senior Housing, Home Care, and Hospice businesses, Knute Nelson and Ethos Home Care and Hospice.  I’ve chaired both organizations which have a combined revenue of about $60 million. I tell you that only because I try to stay up to date with those industries as much as possible.  And, just yesterday I received a newsletter from a senior health organization with the title “Long-term Care Deaths and Cases are […]

Cremation Finance

Changing the Paradigm

Last week Foundation Partners Group issued a press release through Cision PR Newswire that you can read here.  The release dealt with some of the company’s ten year history in that it has grown into a company with nearly 160 locations serving over 75,000 families annually. Another thing that the release shouted was that Foundation Partners Group (FPG) serves a clientele that chooses cremation for 86% of its dispositions.  It’s noted that FPG believes that is an industry leading metric […]

Finance

DCI rebounds. . . .Total return almost 7%

I was very fortunate as a youngster because I was schooled on investments and the market by my father.  Giving me, what is now termed “financial literacy”, is one of the greatest gifts I have ever received.  As a matter of fact, as a board member of a Big Ten institution, I have pushed our academic department, with the students’ blessing, to have a required course on Financial Literacy for all students during their Freshman year.  It has not been […]