cemetery business
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…
Read MorePark 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.…
Read More
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…
Read More
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 —…
Read More
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, “. . .…
Read More
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…
Read More
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…
Read More
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%.…
Read More
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…
Read More
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…
Read More
