cemetery business
Funeral directing company A.W. Lymn of Nottinghamshire, Great Britain, has been giving the green light to construct an ancient style facility for the disposition of cremated human remains. As this article maintains, “they have been granted permission for the first and only modern barrow site in the East Midlands”. (Editor’s Note: I…
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Park Lawn Corporation revealed their 1st Quarter of 2024 financials last week and you can access them here. The 1st Quarter of 2024 marks the first quarter of operations for the company coming off the disposition via sale to Everstory Partners of 72 cemeteries and 11 funeral homes that was consumated in December…
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Service Corporation International (SCI) reported their 1st Quarter 2024 financial results last week. North America’s largest death care provider did show an increase in revenue of 1.6% to about $1.045 billion for the quarter, but showed Operating Income dropping 5.6% from the comparable 1st Quarter of 2023 and also showed a decrease of…
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American funeral home and cemetery operator Carriage Services recently shared the results of their 4th Quarter and Year-End financials with the public. In doing so, and in spite of a continuing COVID “pull forward” impact resulting in modest declines in funeral contract volume experienced during the year, the company reported total 2023 revenues 3.3%…
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It’s Super Bowl Weekend and you are probably going to hear a lot about what is happening in Las Vegas over the course of the next 72 hours. And, you would have had to be hiding under a rock to not know that superstar entertainer Taylor Swift is bringing her “influence” to the big…
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Matthews International, the conglomerate company with their largest portion of sales in Death Care, or what they call their Memorialization Segment, reported gross sales for their First Fiscal Quarter (October thru December 2023) of 2024 coming in at $450 million as compared to $449.2 million for the same period one year ago. …
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I was watching the news the other day and it struck me that the issues going on in the Middle East could again cause some of the “Supply Chain” issues that we found in our businesses across America back in 2021 and 2022. Among those issues in the Death Care business was the…
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I’m old enough to remember that one of the earliest cries for increased cremation was that cemeteries will soon take up too much space in America. A rebuttal to that thought back in the 1980’s was always the quote “. . .if everyone in America died today we could bury them in 1/3 the…
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In a press release from earlier in December, the National Funeral Director’s Association (NFDA) made note that in spite of the conern for inflation in the United States, a recent survey seemed to show that the cost of a funeral has increased less than the overall rate of inflation for the past two years.…
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