Tag: death care industry

Finance

Contrarian investor John Snyder opines on StoneMor Partners

Value investor and self-described contrarian investor John Snyder wrote an article for Seeking Alpha that you can read here entitled, “Why I’m buying StoneMor”.  We will leave the facts at that and I will give my opinion on the piece below. Funeral Director Daily take:  This is an article that will cause all experienced funeral directors to take a look at what numbers and ratios matter in their business.  Snyder comes to his conclusion by comparing public companies StoneMor Partners […]

Business

Finding the Right Managment

I came into the funeral business somewhat reluctantly at age 19 when my father suddenly passed away and mom needed someone who would be interested in carrying on the family business.  I’ve said many times, the Lord knew what he was doing, because as I reluctantly got involved I learned I was pretty good at being a good funeral director/businessman in a small town.  I ended up loving what I did and was able to not only help people in […]

Business

Does Your Community have a Death Cafe?

The idea of a “Death Cafe” is somewhat new according to this article from Pennsylvania.  It’s not what you might think and this one was started by funeral director Carolyn Fletcher about three years ago in the Pittsburgh area.  According to the article the concept started in 2011 in England and there are now regularly scheduled Death Cafes in about 60 countries. Death Cafes can be held in funeral homes but don’t have to be and what they do is […]

Preneed

Texas Funeral Home under Scrutiny

In an article and investigative video story that you can read and see here, an Austin, Texas based funeral home has been accused by the Texas Department of Banking of illegally collecting over half a million dollars of prepaid funeral payments from consumers.  Illegal because the owner was not licensed to sell prepaid funeral plans. These consumers are now worried about whether the money will be there for them at the time of need as the Department of Banking, according […]

Business Cremation

Extrapolating the Trends

In the last couple of days I have read articles from different areas of the United States pertaining to the establishment of “Green Cemeteries” in those locales.  The first you can read here and comes from the southern portion of Illinois and concerns the City of Carbondale turning a city cemetery over to the option of green burials.  The proposal includes potential wording where the containment of the body must be done in a nontoxic, biodegradable container.  This would exclude […]

Finance

Hillenbrand Reports Earnings – Casket Revenues Drop 6%

Hillenbrand Industries reported fiscal 3rd Quarter 2018 results last week and while positive for the company as a whole, the Batesville Casket Division reported revenue decreases for the quarter of 6%.  The company, as a whole, delivered earnings of $0.57 per share as compared to analysts estimates of $0.56 per share. You can see their report here. The company, which has really transformed itself since 2008 as an industrial processing company, reported revenue increases of 13% for both the quarter […]

Finance

Moody’s Upgrades Hillenbrand Debt Rating

In a release dated July 19 that you can read here, investor’s service Moody’s upgraded the debt rating of public company Hillenbrand Industries from a Ba1 to a Baa3.  They also noticed that the outlook of the company going forward is “Stable”. Hillenbrand Industries is the owner of U.S. casket manufacturer market share leader Batesville Caskets.  Pertaining to Batesville directly, the report states, “. . the largely predictable Batesville segment (35% of revenues), which is declining slowly but has high […]

Cemetery

Cemetery sues city for Gross Abuse

In what is a somewhat timely item for us at Funeral Director Daily, we learned yesterday of a lawsuit filed by suburban New York City cemetery, Ferncliff Cemetery, against the City of Greenburgh.  Timely for us because this week we have highlighted zoning and location issues among the industry. The lawsuit, according to an article you can read in lohud.com here, alleges that the community of Greenburgh has willfully proceeded with “gross abuse of its municipal land use, zoning, and […]

Finance

Security National Memorial segment increases Sales and Profits

Last week, public company Security National Financial Corporation reported the results of their First Quarter of 2018.  In the press release that you can read here they report that two of their three operating segments had increases in sales and profits on a year over year basis. As you may recall, Security National Financial Corporation is based in Utah and operates divisions which include Life Insurance, Memorial (funeral homes and cemeteries), and Mortgages.  Both the Life Insurance and the Memorial […]

Finance

Park Lawn Corporation Reports 1Q 2018

  After the close of business on Tuesday, May 15, Canadian death care consolidator Park Lawn Corporation reported their First Quarter results for 2018.  You can see a copy of their Press Release here. Park Lawn reported revenues of $27,206,240 for the quarter compared to revenues of $18,802,424 for the same period of a year ago.  As you may know, Park Lawn has been busy in the acquisition realm which would cause revenues to increase, but they also noted in […]