cremation business
Anthem Partners, the privately-held operator of funeral homes and cemeteries, announced via press release last week that it had acquired a business that operated three funeral homes in the San Joaquin Valley area of California. That funeral business was Sterling & Smith Funeral Directors, Inc. The company has owned and operated facilities in Fresno,…
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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…
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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…
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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,…
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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…
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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,…
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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…
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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. …
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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…
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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,…
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