Tag: cemetery business

Products

Perceived lack of Death Care transparency leads to winning startup competition

Three University of Washington students recently won the $25,000 grand prize in a start-up competition hosted by the University of Washington’s Foster School Buerk Center for Entrepreneurship.  And, they did so with a pre-launch Death Care start-up they have named AfterLife Listings. Clara Kobashigawa, one of the three students was mentioned in this article from Geek Wire Startups that “the idea originated after her family had to say goodbye to a loved one and was shocked to to see the […]

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 […]

Finance

StoneMor CEO Joe Redling: “We’re targeting. . acquisitions of both cemeteries and funeral homes in our existing markets”

StoneMor, Inc. released its 1st Quarter financial results on May 13 and with it announced that they had completed their private offering of $400 million in Senior Notes.  There seems to be no doubt that the refinancing and operational results reported in the May 13 report have lifted the spirits of the company. Here’s what CEO Joe Redling said in the 1Q 2021 report, “Earlier this week, we completed a transformational transaction for the Company by fortifying our balance sheet […]

Finance

Park Lawn’s CEO Brad Green comments on the labor market, acquisitions, preneed, and revenue per case

Park Lawn Corporation (PLC), the Toronto based funeral home and cemetery operator released First Quarter 2021 results last week.  As expected the results were very strong as deaths from the pandemic in those months, especially January, continued to be high.  Park Lawn Corporation’s net revenue grew about 26% to over $89 million for the quarter. Probably more interesting, however, was CEO Brad Green’s comments on the labor market, acquisitions, preneed, and revenue per case.  In the press release from PLC, […]

Finance

Memorialization segment clear winner for Matthews International

Matthews International reported their Fiscal year 2021 2nd Quarter results last week and with the report we noticed how it is impossible to not  notice that their Memorialization business segment which consists of Aurora Casket, Matthews Cremation, and their cemetery, memorial, and mausoleum division, is increasingly leading the company. The other two segments of Matthews International’s operating portfolio consist of what they call their Industrial Technologies segment and their SGK Brand Solutions segment.  The company as a whole reported sales […]

Cemetery Preneed Products

Report: Headstone market hot

A big part of our mission at Funeral Director Daily is to look around the death care industry and report what we see happening in the profession back to our fellow funeral directors.  Our thought is that those fellow funeral directors were much like I was in my 35 year front-line funeral service career — that is, too busy dealing with the day to day activities of what is going on in their own funeral homes to be constantly looking […]

Finance

April has been a busy month for StoneMor

StoneMor, Inc.,  the Pennsylvania based consolidator and operator of cemeteries and funeral homes, has had a busy April.  We’ve seen Moody’s upgrade their credit rating, we’ve seen insider trading purchases of the stock, and we’ve seen an announcement of refinanced debt.  That and more leads a press release from Moody’s to state, “. . . .StoneMor’s increased liquidity position will be used to make strategic acquisitions to increase scale and grow profitability.”   These announcements from StoneMor come on the heels […]

Cemetery Products

Wilbert adds precast concrete company

It’s not only funeral homes and cemeteries that are in the business of growing their businesses to better serve clientele. Last week we received word that Wilbert, Inc., the nation’s preeminent burial vault company, made an acquisition to bolster their presence in the Northeast corridor of the United States.  Here is the information that we received in that press release: Wilbert Funeral Services, Inc. (“WFSI”) is pleased to announce the acquisition of the Maki Family Precast Concrete Businesses of West […]

Finance

Carriage Services reports 2020 year. . . shows the trends

In a press release that you can read here you can find out that Houston, Texas, based funeral home and cemetery consolidator Carriage Services recorded record results not only for the 4th Quarter of 2020 but for the full year of 2020 as well.  Not only did Carriage Services record these record financial results, they exceeded the 2022 plan that they had set in their five year milestones only a year ago. In essence they passed that 2022 goal two […]

Finance

Service Corporation services jump 14% in 2020

Service Corporation International reported both their 4th Quarter 2020 and Full Year 2020 reports last week.  Among the interesting items that you can find in the report, that can be accessed here, is that their total number of services increased from 319,616 in 2019 to 364,312 in 2020. . . .that’s an increase of 13.98%. That number in itself is interesting considering the fact that Service Corporation International (SCI) is the largest provider of death care services in the United […]