cemetery business

Death Care Index takes step backwards in 2022

By Funeral Director Daily / January 3, 2023 /

  It will come as no surprise to any of you who pay attention to the investments in your 401k or IRA accounts, but the Funeral Director Daily Death Care Index (DCI) took a step backwards in monetary value during the calendar year 2022.  The DCI now measures five companies with a business component in…

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Carriage Services announces acquisition and performance plan

By Funeral Director Daily / December 21, 2022 /

  Last week funeral home and cemetery consolidator and operator Carriage Services announced the pending acquisition of Greenlawn Funeral Homes and Cemeteries of Bakersfield, California.  In the same press release, that you can read here, the company took the time to outline what they call their “High Performance and Credit Profile Restoration Plan” (HPCPRP).  …

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The interesting ownership of New York’s Pinelawn Cemetery

By Funeral Director Daily / December 15, 2022 /

I live in flyover country so I don’t pretend to be an expert on the customs and traditions of New York’s funeral and cemetery business.  However, I’ve been in the death care business my entire life and never had heard of the business set-up of New York’s Pinelawn Cemetery.   I read a recent article…

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Federal Trade Commission communication hints at “Funeral Rule” retention & modification

By Funeral Director Daily / December 6, 2022 /

The Federal Trade Commission issued the “Funeral Rule” in 1982 with an effective date of September 1984.  Since that time it has operated as a consumer tool for price comparison in the funeral home market.  This recent communication from the FTC asks for additional comments on several items by January 3, 2023, as the FTC…

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Winter at the Cemetery

By Funeral Director Daily / December 5, 2022 /
Kinkead Cemetery Alexandria, Minnesota

As you may know I have lived my entire life in Minnesota. . . and this past weekend winter arrived.  We had a little brush with snow and then our first Zero degree day was Saturday.  It made me think of my working years with committal services out at the cemetery following a church service…

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Park Lawn Corporation adds to Kansas City cluster

By Funeral Director Daily / December 1, 2022 /

It was announced in a recent press release that you can access here that funeral home and cemetery operator Park Lawn Corporation (PLC) has made another acquisition in the greater Kansas City market.  Just this week they have announced that they have acquired substantially all of the assets of the aptly named Park Lawn Funeral…

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Industry lawsuit dismissed

By Funeral Director Daily / November 30, 2022 /

Slightly over two years ago Funeral Director Daily reported that it had read in Bloomberg Law that a lawsuit had been filed by plaintiff Park Lawn Corporation against the defendant PlotBox. The wheels of justice seem to grind slowly and we had not even thought about that case until earlier this week when we received…

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Matthews: Memorialization sales rise, adjusted EBITDA drops for the year

By Funeral Director Daily / November 29, 2022 /

Matthews International, parent company of Matthews Cremation and Aurora Casket, announced their Fiscal Year 4th Quarter and Year End 2022 results last week.  President and CEO Joseph C. Bartolacci said this in the opening statements of the report, “I am pleased with our operating results for the fourth quarter and fiscal year ended September 30,…

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Death Care Index mirrors NASDAQ on the year

By Funeral Director Daily / November 28, 2022 /
WallStreet

As we move into the final month of the calendar year it seems like no one has the financial markets figured out.  In a year of rising inflation and rising interest rates, raised with the intention of curbing the inflation, the stock market indices have looked confused as to whether the worst is past or…

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Security National after tax earnings decline 121% in 3Q 2022

By Funeral Director Daily / November 18, 2022 /

In the 3rd Quarter of 2022 earnings release for Security National Financial Corporation (SNFC) released earlier this week, Scott M. Quist, the company’s President stated, “2022 is continuing to be a challenging year for our Company due primarily to the dramatic rise in inflation and interest rates, and the dramatic fall in equity values. In…

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