cremation business

Banking and Death Care

By Funeral Director Daily / March 20, 2023 /

    The last ten days or so most of America, and the rest of the civilized world, has wondered about the safety of the banking industry.  As this is being written on Friday, March 17, we’ve already seen American banks Silicon Valley Bank (SVB) and Signature Bank closed by regulators and have seen some…

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Preparation Matters

By Funeral Director Daily / March 16, 2023 /
Preparations ad

    At times I get my ideas for articles from unusual places.  Last Sunday I was sitting in our church when the pastor noticed a less than average crowd.  He then made the comment that “Preparation Matters” and went on to say that he thinks many in the congregation had not planned for the…

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Are Death Care investors looking for growth or earnings stability?

By Funeral Director Daily / March 10, 2023 /

    I think the title of this article poses an interesting question.  And, I also believe it is one that is not easily answered.  I’m writing this article on Monday, March 6, so that is the data that I will use.   I was spurred to write the article when I saw in this…

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Park Lawn year-end sees mixed results

By Funeral Director Daily / March 7, 2023 /

      Park Lawn Corporation (PLC) released their 2022 4th Quarter and 2022 Year-End reports last week.  In doing so they announced that their Revenue numbers for both the quarter and the year increased while their Net Earnings decreased in comparison to the 2021 4th Quarter and 2021 Year-End.  You can see the press…

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Don’t forget “Low-tech” to build your brand

By Funeral Director Daily / February 22, 2023 /

    There are a lot of great companies out there who can help you with the newest way to reach potential client families.  Some of them, like RingRing Marketing are sponsors of this forum.  They will do a great job in helping you navigate social media and the internet to let potential clientele know…

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SCI 4Q Revenue and Year End Revenue lower than comparables

By Funeral Director Daily / February 17, 2023 /

    The largest funeral home and cemetery operator in North America, Service Corporation International, reported 4th Quarter 2022 and Year End 2022 financials earlier this week and one of the things we noticed is that quarterly and yearly revenue was less than 4Q2021 and less than Year End 2021.  However, that is not unexpected…

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Another acquisition story . . . except this one’s going the other way

By Funeral Director Daily / February 15, 2023 /

    It’s pretty common place to read in Funeral Director Daily and other Death Care publications about the national and regional funeral home and cemetery consolidators announcing another acquisition.  However, when we were catching up with our reading a few days ago we noticed an acquisition. . . .that was “going the other way”.…

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Is your business Transactional or is it Transformational?

By Funeral Director Daily / February 14, 2023 /

    Most businesses that I know of are transactional in nature.  They take a fee and give their customer a product or service in return for that fee.  Funeral homes tend to be transactional — we charge a family for the services and merchandise we render and then we provide those products and/or services…

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Matthews International reports Fiscal Year Q1 . . . increases total revenue, but Memorialization sales fall

By Funeral Director Daily / February 1, 2023 /

  Public company Matthews International, with a stake in the death care business, reported their Fiscal Year 2023 First Quarter last week and in doing so reported a company-wide quarter over quarter sales revenue increase of about 2.4%.  The entire revenue increase, however, comes from their much heralded investment in the energy storage solutions business.…

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Dignity plc accepts buy-out offer

By Funeral Director Daily / January 24, 2023 /

  According to this article from Yahoo, Great Britain’s largest public death care company, Dignity plc, has accepted a buyout offer from a consortium that includes its largest shareholder group and one of the country’s wealthiest and well-known entrepreneurs.  The shareholder group is Phoenix Asset Management Partners (PAMP) which, in another interesting twist, is managed…

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