Tag: cremation

Finance

Matthews reports 4Q and Year End 2020: Memorialization segment is high point

Our reports for the period of July thru September 2020 come to an end with today’s report on Matthews International.  Funeral Director Daily files reports every quarter on the eight public companies that make up our financial Death Care Index (DCI). Today’s report on Matthew’s International, which you can access here, encompasses the mentioned time period which is the 4th Quarter of Matthews fiscal year so we can give you Fiscal Year 2020 numbers also. First of all, for 4Q […]

Afternoon Edition

Heading into the weekend . . . .

It’s Friday and we are heading into the weekend preceding the Thanksgiving holiday.  With all of the death care companies reporting earnings reports in the last couple of weeks and our coverage of those we have a few articles that we feel our readers should have access to, yet we are not able to feature them in individual articles. So, here are some links that you can check out on your own this weekend. . . . .and they bring […]

Finance

StoneMor reports 3rd Quarter: Turnaround continues to move forward

A couple of years ago I looked at StoneMor and their operations and told readers that they should, if they had a StoneMor competitor in their market, look at a possible acquisition of that competitor.  Quite frankly, I was of the opinion that the way StoneMor was moving would probably lead to a liquidation and some of those businesses might be able to be purchased at the right price. However, while there has been some pain and some selected liquidation […]

Finance

Australia’s InvoCare pays US$ 36.4 million for pet cremation businesses

You can read this article from Australia’s Market Herald that announced that Australia’s largest human funeral and cremation provider finalized a deal to purchase two pet cremation business in the country for a combined price of US $36.44 million ($49.8 million in Australian dollars). We learned that last week, InvoCare, purchased Family Pet Care and Pets in Peace to add to its pet cremation brand, Patch and Purr, which it started in 2018.  According to the article, Family Pet Care, […]

Cremation

What to do with unclaimed cremation remains

The article that I just read was all about Cremation #17263 that was left at the York, Nebraska, non-profit known as Blue Valley Community Action of York.  The cardboard box was left at a drop there in the middle of the night. It was discovered, according to the article you can read here, by volunteer Terry King who proceeded to open the cardboard box and discover Cremation #17263.  The article goes on to say that the police department was called, […]

Finance

Acquisitions: Park Lawn adds South Carolina firm, others moving forward in Pennsylvania

The history of funeral directing and funeral home ownership in the United States has been one of passing the torch to the next generation of the family to carry on.  My family was no different. . . .we carried our cabinet shop, furniture store, funeral home from the 19th Century into the 21st Century.  That was a time period that spanned 141 years, from 1872 when our roots were planted until 2013 when the majority of our firm was sold […]

Finance

SCI’s Tom Ryan and others discuss SCI’s 3Q Earnings Report

Service Corporation International (SCI) sometimes takes shots from others in the industry simply because of their size.  Being the largest in any business category simply makes you an easy target. Being the largest also means you need great leadership to get on top and eventually stay there. SCI reported record revenues and earnings in the past quarter and, while that could be something to really crow about, at Funeral Director Daily we recognize SCI’s President Tom Ryan as one of […]

Finance

Service Corp 3Q revenue rockets up

Service Corporation International (SCI) 3rd Quarter 2020 revenue jumped almost 20% (19.37% actual) over the same period from 2019.  In a statement issued yesterday, October 28, here is what SCI’s President and CEO Tom Ryan said of the results: ” . . . the impact of COVID-19 has increased the number of funeral services performed as well as the number of burials in our cemeteries. As community restrictions lifted over the last few months, we have experienced unprecedented growth in […]

Business

As California goes. . . so goes the nation?

We are in the season of elections and when I was younger there was an old adage of Presidential elections that went like this, “As Maine goes, so goes the nation.”  I recently read this article in the Los Angeles Business Journal entitled, “Business Slows for LA Funeral Homes”, and wondered if as the funeral business in California is going. . . . will that be the pattern for the nation moving forward? The old Maine adage made note that […]

Business

It’s not such a somber place anymore

My first real recollection of a funeral was when my father’s mother, my grandmother, died when I was five years old.  And, interestingly enough, even with my family in the funeral profession, what I remember about the “funeral” was not being allowed to go.  I can actually remember being held at home with a babysitter, while my older brother who was nine years old got all dressed up and left the house with my parents.  I can remember thinking, “What […]