Tag: death care business

Business Products

Johnson Consulting to host “Data Driven Decision” webinar

There is an old song released in April 1981 and sung by Barbara Mandrel entitled, “I was Country when Country wasn’t cool”.  I have to admit that when I entered my freshman year of college at Texas Christian University in September of 1976  I started hearing music that resonated with me. . . .Waylon Jennings, Jerry Jeff Walker, Willie Nelson. . . artists that I had never heard of in Minnesota at that time.  Circumstances led me back to Minnesota […]

Finance

Security National keeps growing revenues

Security National Financial Corporation (SNFC) continues to reel in the revenue in each of their three divisions according to this press release from mid-May containing their 1st Quarter 2020 results.  The Utah based company conducts business in the death care field both in the financial services realm and the funeral and cemetery services realm. In the financial services sector SNFC is involved with preneed funeral insurance and insurance assignment business with participating funeral homes.  They also conduct business with their […]

Business

Watch your costs to hold onto profits

When I last wrote an article pertaining to inflation one of Funeral Director Daily’s readers contacted me to tell me that his studies indicated that funeral pricing increases did not always correspond with inflationary rates or the rise of the Consumer Price Index.  Sometimes funeral pricing was higher and sometimes it was lower than the CPI.  This gentleman is a pretty smart guy so I’m guessing he was correct with his study. However, in a time of inflation many of […]

Business

Goings on in the independent funeral home world

Sometimes I can get going about a subject and give you my opinion before you have even had a chance to read the article and form an opinion on your own.  Like everybody, my experiences that I have lived slant the opinions that I profess. And, while I grew up and operated as a 4th generation funeral director in a family firm that is now in its 147th year, I like to think that I am not favored to the […]

Finance

Foundation Partners adds another Colorado location

The state of Colorado has been a hotbed of funeral home and crematory acquisitions in the last couple of years.  Many of  the larger players in the death care space, Service Corporation International, Park Lawn Corporation, and Foundation Partners Group, have all made acquisitions in the state during that time frame. It was announced on Monday that Foundation Partners Group was making another acquisition in the state when a press release, that you can read here, was released by the […]

Business

When to hold ’em, when to fold ’em and the acquisition movement

Last week I read this article from the Minneapolis Star Tribune focused on the Fortune 500 company, General Mills.  General Mills is a Minneapolis based company – and has been for a long time – which leads to much media coverage for them in the state of Minnesota.  The article pertained to the fact that General Mills has had a rebound in stock price and the article credits it to the company’s “pivot” in strategy at just the right time. […]

Business Regulations

“Charging like raging bulls”

Australian funeral customer Jane Sinclair has created a little bit of a stir down under by calling for more transparency in the way that client families are charged for funeral services.  Ms. Sinclair, according to this article from ABC Australia, complained months after the services were performed for her mother.  She is quoted as saying in the article, “My feeling is the only way around it (price transparency) is some sort of regulation, some sort of consumer protection to stop […]

Finance

Casket companies report sales . . .the slide continues

Earlier in May both of America’s leading casket companies reported their 2019 fiscal year 2nd quarter financials.  Those companies, Hillenbrand, which is the parent company of Batesville Casket Company, and Matthews International, which is the parent company of Aurora Casket Company, reported declining sales of caskets.  You can see Hillenbrand’s 2Q report here and you can see Matthews International’s 2Q report here. Here are some of the things that were reported on Hillenbrand: Hillenbrand had revenue of $465 million for […]

Finance

InvoCare to raise $65 million

Australian public company funeral services provider InvoCare announced over the weekend that they successfully completed an underwritten institutional placement of A $65 million (about $US 46 million).  You can read about and see a news clip from the Australia Finance News Network here. InvoCare says that the capital raise will be applied to their strategic growth initiative.  The company also says it is excited by its growth outlook and its Regional Growth Strategy. Funeral Director Daily take:  We think that […]

Business

News to start the Week

It’s Monday morning and I thought I would bring you some news that hit the wire over the weekend.  Nothing new about this news. . . if anything it continues to reinforce the facts that cremation is increasing, people are still paranoid about funeral homes, and less caskets are being sold in America. Here’s is what we are bringing you and giving you the option of just clicking thru to the article to learn more. . . Residents of Portlandville […]