Tag: cemetery business

Business

What employee benefits do you give?. . .get?

On Tuesday the Hormel Corporation announced a new employee benefit available to all United States Hormel Corporation employees.  This benefit, that they are calling “Inspired Pathways”, will pay for two-years of community or junior college tuition for all children of the aforementioned Hormel employees. You can read an article from the Minneapolis Star Tribune here or a shorter article from Minnesota CBS Local here. Here’s what Hormel Corporation CEO Jim Snee said of this decision, “. . . . .we […]

Afternoon Edition Cemetery Preneed

Afternoon edition: FDLIC brightens up, SCI buys adjoining cemetery property, and more

In today’s afternoon edition of Funeral Director Daily we have a couple of national firms in the news for differing reasons.  First of all, we will tell you of Funeral Directors Life (FDLIC) and their investment in saving some of the world’s energy.  They recently added a parking lot that will be covered by about 1300 solar panels that will provide energy for the company’s corporate headquarters.  You can see photos in this article here. And we also bring you […]

Cemetery

Weekend edition: A little heavy on cemetery and virtual funeral news. . .but some weekend reading for you

This weekend edition of Funeral Director Daily leads off with a great story you can access here.  It is a story written by Isabella Jibilian for Business Insider.  Jibilian describes herself as a graduate student who sought out management at Fernwood Cemetery so she could write about the high cost of real estate which, down the real estate ladder, she thought would probably affect the price of a grave space. She says, however, her visit and tour of the cemetery […]

Afternoon Edition Cemetery

Afternoon edition: The Cemetery Men. . . and more

Today’s afternoon edition of Funeral Director Daily brings you stories about two men on a mission.  And, these men live and work in separate hemispheres but both have found a calling among the COVID-19 pandemic. Our first story is that of Brother Ronald Marin and comes to us from the Catholic publication, Crux.  Brother Marin is a Venezuelan who is spending time administering funerals in the cemeteries of Lima, Peru.  It is estimated that more than a quarter of the […]

Afternoon Edition Uncategorized

Afternoon edition: News you can use. . . NFDA election and more

In this press release from the National Funeral Directors Association (NFDA) we learned that Chris E. Christian and Beatrice “Bea” Lewanduski were elected to serve two-year terms on the NFDA Board of Directors.  According to the press release Christian is the co-owner of Christian-Sells Funeral Home in Rogersville, Tennessee.  The release also states that Lewanduski has been a funeral director for 43 years and currently serves as manager of D’Andrea Brothers Funeral Home in Copiague, New York. Our afternoon edition […]

Afternoon Edition Finance

Afternoon edition: StoneMor receives 2nd offer to take it private. . . .and more news from the death care universe

StoneMor, Inc.,  the Philadelphia area based operator of funeral homes and cemeteries, announced in this press release on Friday, July 31, that they are in receipt of a 2nd offer from a company that would seek to take the company private.  If you remember, earlier this year, Axar Capital Management offered the company $0.67 per share to acquire the company.  That offer was rejected by StoneMor in June as, according to the press release, an inadequate price. Axar Capital Management […]

Cemetery

Here’s a new gig at the cemetery

Over the last couple of years Funeral Director Daily has done many articles that pertain to cemeteries, not only in the United States, but around the world.  Many of those articles have dealt with the uniqueness of a cemetery or the lack of upkeep in a cemetery, or, because of that lack of upkeep, an effort to clean up cemeteries. We’ve also talked about the business of cemeteries and how many cemeteries find themselves in financially negative cash-flow positions because […]

Finance

Service Corporation reports 2nd quarter. . . cemetery preneed impressive

North America’s largest public purveyor of death care services, Service Corporation International (SCI), released its 2nd Quarter 2020 results on Wednesday.  In a nutshell, they produced somewhat better than what was expected results in this COVID-19 environment.  You can read their full 2Q 2020 report here. SCI reported revenues for the quarter of $820 million as compared to the same quarter in 2019 when they reported revenues of $812.6 million. On that revenue the company produced $182.3 million in operating […]

Finance

Carriage Services records record 2nd Quarter Revenue

Carriage Services reported their much anticipated 2nd Quarter of 2020 results on Tuesday.  You can get a copy of their press release here. The company, as well as other companies in the death care index are reporting their 2nd Quarters as their first full three month period of dealing with deaths and memorializations in the COVID-19 period.  For that reason, many are interested in seeing how their results were affected due to the issues around COVID-19 and funeral service. Those […]

Cemetery Preneed

Better late than never

In the news last week was a story of deceased New York state firefighter Anthony Fatale and the delayed legacy of his life.  Fatale had died two years ago in 2018 at the age of 70. Fatale was single, an Air Force veteran,  and a member of the Nyack Fire Department, who many colleagues say was “larger than life”.  David Gottlieb of Empire Hook & Ladder Company No. 1 had this to say according to an article and video that […]