Tag: cremation 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 […]

Cremation Finance

Changing the Paradigm

Last week Foundation Partners Group issued a press release through Cision PR Newswire that you can read here.  The release dealt with some of the company’s ten year history in that it has grown into a company with nearly 160 locations serving over 75,000 families annually. Another thing that the release shouted was that Foundation Partners Group (FPG) serves a clientele that chooses cremation for 86% of its dispositions.  It’s noted that FPG believes that is an industry leading metric […]

Business

Do you know the results

Many of the decisions that have been made over the years in business have been made by “gut feel”.  Lots of business people, including those in the funeral business, have made lots of money by following their hunches.  I was a little bit like that as in the 1980’s I didn’t have a lot of information on how my client families felt about the services that I provided, the amounts I charged, and the how are facilities we provided were […]

Business Products

Webinar and lessons from Ring Ring Marketing on winning the customer

Over the past two years I’ve heard a lot about Welton Hong.  It seems like many places I turn somebody has a story about how Mr. Hong has helped their funeral home with their business marketing.  He’s also written the book as they say on internet marketing. . . matter of fact his book is entitled, “Making your phone ring with internet marketing”. In all due fairness and transparency, Mr. Hong’s company, Ring Ring Marketing, has recently become a sponsor […]

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 […]

Finance

Foundation Partners Group keeps on rolling along

Last week we received news that Foundation Partners Group, the Orlando based funeral, cremation, and cemetery business operator made another acquisition that added eight death care locations to its portfolio as well as a pet death center.  The company purchased Cascade Funeral Directors, Inc. (Cascade) which encompassed the aforementioned companies. The acquisition added locations in the Portland and Salem, Oregon locales.  It included six Crown Memorial Centers, Canby and Molalla Funeral Chapel, Autumn Funeral Cremation & Burial, and Dignified Pet […]

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 […]

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 […]

Business

” . . It’s counter intuitive to my livelihood”

Louisiana funeral director George Charlet has summed up the cautions surrounding this year of COVID-19 deaths when he was faced with the idea of his mother going to a funeral.   He commented on that idea by saying, “I just kind of wish people used more caution and took advantage of writing a condolence letter.   It’s a weird place for me to be.  It’s counterintuitive to my livelihood.” I think that is the paradox many of us in the funeral profession […]

Finance

Foundation Partners Group adds Florida funeral homes

Earlier this week Foundation Partners Group, the Orlando based funeral home, crematory, and cemetery operator announced that it had purchased a company that operated three locations in Southwest Florida.  You can read the press release on the acquisition here. Foundation Partners Group announced that it had acquired the Akin-Davis Funeral Homes.  They also announced that this addition will bring their total number of funeral homes in the state of Florida to 30 locations. Akin-Davis Funeral Homes have served their communities […]