death care industry

Service Corporation Reports 1Q 2018

By Funeral Director Daily / April 27, 2018 /

It is earnings time for public companies and today we are reporting on what Service Corporation International reported in their 1st  Quarter report of 2018.  You can see their complete press release, including financial information, here. In essence, Tom Ryan, SCI’s CEO, made the following statements: “. . .earnings per share growth of 9 cents…

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Assurant Financial Strength Affirmed

By Funeral Director Daily / April 25, 2018 /

While not specific to the death care portion of their industry, A.M. Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) for the U.S. property/casualty subsidiaries of Assurant, Inc.  The credit rating company has also affirmed the Long-Term Issuer Credit Ratings of Assurant at bbb+.  Best continues that the outlook of these Credit…

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The Journey Group Keeps Growing

By Funeral Director Daily / March 7, 2018 /

The Journey Group, a death care industry consolidator based out of the New Orleans area, announced last week the purchase and acquisition of two firms in the greater Birmingham, Alabama, area.  Both firms are metropolitan combination firms — each with a funeral home facility on a cemetery property. According to the press release that you…

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StoneMor Shakes up Executive Suites

By Funeral Director Daily / March 5, 2018 /

On Friday StoneMor Partners issued a press release that you can read here.  In it they announced that current CEO Paul Grady would be leaving and would be replaced by Leo Pound, who has been a director of StoneMor since 2014 and was previously their acting Chief Operating Officer.  According to the release, Pound is…

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Legacy Funeral Group Purchases Alabama Locations

By Funeral Director Daily / February 26, 2018 /

  According to a press release that you can read here, Legacy Funeral Group of Texas has purchased the Magnolia Chapels of Tuscaloosa, Alabama.  Magnolia Chapels has served the Tuscaloosa area with two chapels since its founding in 1999. (The link will lead you to Legacy’s web-site where you can learn more on the company).…

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StoneMor 2nd Quarter Results. . .Company Drops Distribution

By Funeral Director Daily / December 22, 2017 /

StoneMor Partners, based in Trevose, Pennsylvania, issued their 2nd Quarter 2017 financials and report on December 12.  We bring them to you today.  You can see their press release on the results here. Here are some of their highlights: Revenues for the quarter were $86 million which represents a $7.0 million increase from the same…

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