Tag: cemetery business

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 […]

Finance

Matthews 1Q 2021 shows improvement, Memorialization segment grows revenue

Earnings period is upon us again in the death care industry.  Over the next 8 weeks the eight death care public companies that make up the Funeral Director Daily Death Care Index (DCI) will report sales and earnings for the October, November, and December periods.  To those on a calendar year accounting format that will be their 4th Quarter, but to some on a different fiscal year it will represent a different quarter of the fiscal year. Matthews International is […]

Afternoon Edition

Afternoon Edition: News you can use

Today’s Afternoon Edition features several articles that we found interesting over the MLK holiday weekend.  We’ll leave it to you to see which interest you and your choice of reading. However, there are some interesting articles.  For instance, one article states that some funeral homes in California are actually having to turn away death calls due to the number of COVID-19 deaths they have seen.  Another article that comes to us from Texas gives a perspective on how the Latino […]

Business

Fearless predictions for the coming year

Today’s is one of those articles that I enjoy writing. . . pure speculation on my part and if I am wrong with my thought process no one really knows until later in the year when this article has been all but forgotten. Funeral Director Daily is taking today to take a speculative look into 2021 and the different realms of death care and what we see happening with each.  From traditional funeral homes, to aspiring national providers of direct […]

Cemetery Products

Cemeteries: Do you have the “right” inventory to succeed?

There is an old saying about location, location, location.  However, if you are in the sales business you know you have to have the proper inventory also. We have a lot of subscribers in the cemetery business at Funeral Director Daily.  Some of these subscribers work for the big companies like Service Corporation, Park Lawn, StoneMor, and Carriage Services.  And, a lot of these subscribers operate non-profit community cemeteries, including many funeral directors that sit on the boards of these […]

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 […]

Preneed

Funeral “services” buck the trend in 2020

I read this article from Yahoo Finance today entitled “The Economic Chart of the Year“.  It is an interesting short read and you will learn something from reading it.  Like I always try to do. . . I tried to reflect on how my actions have contributed to the articles conclusion and also tried to reach some type of idea on how this knowledge might be able to help death care professionals moving forward. The crux of the article deals […]

Finance

StoneMor Board, Axar Capital allegedly sued over 2020 buyout proposal

From my point of view, the new management and leadership team at StoneMor, Inc. has been executing with all the right decisions to get the Pennsylvania funeral home and cemetery based operator moving forward in a profitable direction.  They have made tough decisions in contracting out cemetery labor, removing it from a direct employee relationship to save money.  They have divested selective funeral homes, mostly on the United States west coast, to bring in capital and pay down debt with […]

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 […]