cremation business

CLA’s economic advice for 2023: Ignore the Headlines

By Funeral Director Daily / December 22, 2022 /

  Our friends at Clifton Larson Allen have sent out a short white paper entitled “2023 Economic Outlook:  Ignore the Headlines”.  You can access the paper here.   The white paper lists three key insights for businesses to consider: Will there be a recession or not? There will be both Tailwind and Headwind economic indicators…

Read More

Activist investors advocate for changes at Matthews

By Funeral Director Daily / December 20, 2022 /

  The first sentence from this article in The Star says all that needs to be said about what changes an investor group at Matthews International wants to take place, “Activist investor Barington Capital Group has built a stake in Matthews International Corp and argues the company needs to refresh its board, cut costs and…

Read More

StoneMor has new CEO

By Funeral Director Daily / December 13, 2022 /

Joe Redling led cemetery and funeral home operator StoneMor through a time of transition.  That transition culminated with the public company being taken private in a buy-out from Axar Capital Management in early November 2022.  While the company is now a private enterprise concern and Funeral Director Daily has no access to its financial operations,…

Read More

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…

Read More

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,…

Read More

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…

Read More

Park Lawn Corporation reports 3rd quarter — mixed results

By Funeral Director Daily / November 14, 2022 /

The 3rd Quarter of 2022 has shown a trend of less deaths than the comparable 3rd Quarter of 2021.  As a matter of fact, as you can see from this report from the Center for Disease Control (CDC), provisional deaths for 3Q 2022 numbered 751,497 as compared to 874,495 in the same quarter of 2021. …

Read More

SCI reports 3Q revenue decline. . .CEO Ryan “These results significantly exceeded our expectations”

By Funeral Director Daily / November 4, 2022 /

North America’s largest business in the death care industry, Service Corporation International (SCI) reported their 3rd Quarter 2022 financial results earlier this week.  The results show a decline of about 5.5% in total revenues for the quarter as compared to the same quarter of 2021.  The 3Q 2022 revenue number was $977.7 million as compared…

Read More

Carriage Services acquires North Carolina funeral homes and cemetery

By Funeral Director Daily / November 1, 2022 /

It was announced last week in this press release that Carriage Services, headquartered in Houston, Texas, acquired substantially all of the assets of the Heritage Funeral and Cremation Services and Forest Lawn East Cemetery.  The businesses are located in the Charlotte, North Carolina, market territory and consist of three stand alone funeral homes, a cemetery,…

Read More

Carriage Services reports 3Q 2022 Financial Results: Lower Numbers

By Funeral Director Daily / October 28, 2022 /

Of the seven companies that comprise the Funeral Director Daily Death Care Index (DCI) Carriage Services was the first company to report earnings for the 3rd Quarter of 2022 and did so Wednesday.   Carriage Services, based in Houston, Texas, reported lower comparable numbers in almost every category compared to the same period in 2021.…

Read More

Subscribe to Funeral Director Daily
Enter your email address to join 3,182 readers who subscribe to all Funeral Director articles.

advertise here banner