Tag: cemetery business

Afternoon Edition

New national cemetery to open, Guidance on PPP loan expenses, Self-Care webinar available

We found a lot of information over the Thanksgiving holiday weekend that we thought was worthy of distribution to you.  Included in today’s message you will find information on our nation’s newest veteran’s cemetery to be dedicated today in western New York state.  The cemetery, eleven years in the making, has been designed to serve veterans from the Buffalo and Rochester areas. You will also find information from our friends at Clifton Larson Allen concerning last Spring’s Payroll Protection Program […]

Finance

Matthews reports 4Q and Year End 2020: Memorialization segment is high point

Our reports for the period of July thru September 2020 come to an end with today’s report on Matthews International.  Funeral Director Daily files reports every quarter on the eight public companies that make up our financial Death Care Index (DCI). Today’s report on Matthew’s International, which you can access here, encompasses the mentioned time period which is the 4th Quarter of Matthews fiscal year so we can give you Fiscal Year 2020 numbers also. First of all, for 4Q […]

Finance

Security National reports 3Q 2020: Hitting on all cylinders

We continue to roll out the earnings reports of the public death care companies and today is no exception.  Today we tell you about one of the quieter companies that is starting to make a name for themselves as they grow. That company is Utah based Security National Financial Corporation (SNFC) and divisions of the company are involved in mortuaries, cemeteries, funeral funding through insurance assignments, and preneed insurance.  In essence, from our point of view, while still small by […]

Finance

StoneMor reports 3rd Quarter: Turnaround continues to move forward

A couple of years ago I looked at StoneMor and their operations and told readers that they should, if they had a StoneMor competitor in their market, look at a possible acquisition of that competitor.  Quite frankly, I was of the opinion that the way StoneMor was moving would probably lead to a liquidation and some of those businesses might be able to be purchased at the right price. However, while there has been some pain and some selected liquidation […]

Finance

StoneMor announces sale of West Coast locations

We learned today that a rumored divesture of West Coast assets of StoneMor Inc. has indeed been negotiated and an asset purchase agreement has been signed. This press release from Globe Newswire indicates that StoneMor Inc. has sold all of their properties in Oregon and Washington to an entity known as Clearstone Memorial Partners, LLC.  According to this map of StoneMor properties from their website, the arrangement would look to be for approximately 19 cemetery and funeral home properties, if […]

Finance

Park Lawn lawsuit alleges trade secret irregularities

This article published last week from Bloomberg Law alleges that when former Park Lawn Corporation CEO Andrew Clark resigned and left the employment of the company he carried trade secrets with him to his new employer, Plot Box, Inc. The article from Bloomberg Law notes that a lawsuit was filed in a Delaware federal court on October 30, 2020.  Here’s what that article says, “the company (Park Lawn Corporation) said rival PlotBox, Inc. induced Andrew Clark to violate nondisclosure and […]

Products

Another funeral tech firm raises capital

On Friday we published an article about funeral FinTech and software firm Tribute Technology fetching a reported “more than a billion” dollar amount when sold.  That same day we learned in this article that an Idaho funeral tech firm had just received a $4 million venture fund investment from Pelion Venture Partners based in Utah. Gather, a Meridian, Idaho, based company, according to the article, “provides software solutions to funeral homes to help families after the death of a loved […]

Finance

Carriage Services posts record 3Q revenue and EBITDA

Earlier this week funeral home and cemetery consolidator Carriage Services, based in Houston, Texas, produced their 3rd Quarter 2020 report and in it they recognized the quarter as record breaking for revenue and EBITDA.  According to Chairman and CEO Mel Payne the company blew through milestones which they did not expect to reach until sometime in 2022. Here’s some of what CEO Payne had to say, “The last six months have been a remarkably historic performance period for Carriage, as […]

Cemetery

Which side of the issue are you on

I don’t think that there is any doubt that at one time we viewed cemeteries as a “place for the dead”.  However, you could argue that over the years, while cemeteries still carry the reverence of places where we lay our loved ones to rest, they have become not only a place for the dead, but a “place for the living” also. I point that out as, especially urban cemeteries, have become places to walk a dog, to hold yoga […]

Cremation Products

Better Place Forests adds Minnesota property

A little over a year ago Funeral Director Daily brought you this article introducing Better Place Forests to our readers.  At that time we said of the idea, “Think of it. . . increased cremation and now a place – like cemeteries of old – where today’s consumer will feel comfortable placing the remains of loved ones in an environmentally friendly way and place.  An interesting venture. . . and one whose time may have come.” At that time the […]