Tag: cremation business

Business Cremation Products

Recognizing the “cusp of change”

I’m always on the look out for whatever I can find that puts me at the front edge of “change” in the death care profession.  Change in our profession used to happen pretty slow. . . . from home visitations to funeral homes, from wood caskets to metal caskets, to the slow methodical march of a society that now prefers cremation to earth burial. One of the great features and attributes of success of the generational family funeral homes over […]

Afternoon Edition

Dignity plc results are “mixed”

Dignity plc, Great Britain’s largest funeral home and crematory operator announced last week in this report that you can see from Morningstar, that their 1st Quarter 2022 revenues and operating profits fell considerably over the same period of 2021.  However, it also appears that Dignity plc was able to increase their market share for services conducted in Great Britain. Financial performance was affected by the decision of Dignity plc in September 2021 to reduce its prices to the consumer after […]

Business Cremation

The Cost of Cremation

Earlier this week I came across this article on how the State of Hawaii is now poised to become the 22nd state of the United States that will legalize alkaline hydrolysis.  I’ve said before that even though it has been since 2003 that the first state in the country legalized alkaline hydrolysis — that’s almost two decades ago — I believe that the process has been proven and many of the rest of the fifty states will soon follow suit […]

Finance

Increasing funeral home numbers drives Carriage Services results

Carriage Services reported their 1st Quarter of 2022 last week and in doing so highlighted the strength of their funeral home operations.  “Same Store” service contracts increased about 3.3% and average revenue on those services increased 1.2% over the same period of last year which led to a Funeral Home Operating Revenue increase of $3.3 million  and Total System Revenue of $98.2 million (a 1.6% increase) even as the Cemetery Division revenue decreased almost 5% for the quarter. For 1Q […]

Business

Warren Buffet on “How to beat inflation”. . .it will work for your funeral home

After two years of absence because of the pandemic, the Berkshire Hathaway Annual Meeting was once again held in person last weekend in Omaha, Nebraska.  91-year old Berkshire Hathaway CEO Warren Buffett again presided over the meeting and, as usual, gave sage advice on many aspects of business. In responding to a question about what to invest in amid a climate of price increases for goods and services, according to this article, Bufett answered with the following, “The best thing […]

Finance

Matthews reports Jan thru March quarter. . . Revenues up, Operating Profits down

Matthews International, an international conglomerate which serves the death care industry with memorial products, reported their January through March 2022 financial numbers last week.  Because they choose to report on a Fiscal Year that begins on October 1 each year, this report is considered their 2022 2nd Quarter Report.  You can access a copy of it here. In short, Matthews reported total revenues for 2Q 2022 of $444.9 million as compared to the same period in 2021 when they reported […]

Finance

Learning more of Matthews International

Over last weekend while doing some research I stumbled across this article on Matthews International.  As you may know Matthews is the parent company of Aurora Caskets and Matthews Cremation.  What you maybe don’t know is that they are a world-wide conglomerate who is making a big bet on the electric car market with a dry cell battery division (Saueressig) that counts Tesla as its number one customer and, according to the article, is set to grow with other electric […]

Business

There’s value in that signage

For a long-time I’ve been a believer in TOMA — “Top of Mind Awareness” for funeral home brand building which can lead to market share building.  “Top of Mind Awareness” is defined as one measure of how well a business brand ranks in the minds of the consumer. And, I’ve always felt that TOMA was important in our profession because so many times it is around the casual talk that one will inquire to a neighbor or friend “what funeral […]

Finance

SCI and other DCI stocks buck the Year-to-Date market trend

The markets were closed on Good Friday and we thought that might be an appropriate time to take a look at how the stocks that comprise the Funeral Director Daily Death Care Index (DCI) have been doing in relation to each other and in relation to the stock market as a whole since the beginning of the year. What we found that you are probably aware of if you listen to business news is that the market indexes most followed […]

Preneed

Pandemic Survey: Retirees emerge resilient. . . what does that mean for Preneed

Allianz Life recently published a survey that was taken of a representative sample of 1,000 Americans detailing how they were financially affected by the pandemic that we are showing signs of emerging from.  You can access an article about the survey here. In essence, the article states that there is a “significant gap in the financial experience of younger Americans and their retired counterparts“.  Going further into the details the survey showed that “68% of pre-retirees (down from 2021’s 75%) […]