cremation business
Park Lawn Corporation (PLC) reported their financial results for the 2nd Quarter of 2022 (April thru June) last week and their report was like many others we have seen — higher revenues, lower margins. You can see the press release here. For the quarter PLC reported Net Revenue of $75.9 million as compared to last…
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Park Lawn Corporation announced yesterday in this press release that they have acquired substantially all of the assets of the Schackelford Corporation based in Western Tennessee. The Schackelford Corporation encompasses a fifth-generation company that has served Western Tennessee for 90 years. According to the press release the acquisition includes eight stand-alone funeral homes, two stand-alone…
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That age group in the United States termed “Millennials” was born from 1981 to 1994 which makes their ages today range from about 28 years of age to about 41 years of age. According to one source there are about 72 million of that age group in the United States which represents about 22% of…
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The Cremation Association of North America (CANA) is getting ready to host its 104th Annual Cremation Innovation Convention in Atlanta, Georgia, from August 17-19. The event will have some of the most powerful speakers in the death care industry involved and on hand for operators to learn from. Brian Waters, funeral director, embalmer and host…
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This press release issued last week by Park Lawn Corporation (PLC) will tell you of their acquisition of Farris Funeral Service, Inc. and Affiliated Service Group, Inc. (collectively known as “Farris”). The businesses acquired include one stand-alone funeral home and one on-site funeral home and cemetery located in Abingdon, Virginia. Here’s what Park Lawn Corporation…
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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…
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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…
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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…
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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…
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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…
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