Tag: death care

Business

The Seasonality of Death

I came across this article titled, “It’s funeral homes’ busy season, here’s what to be careful for”.  Seeing that title I didn’t really know what to expect so I looked into the article.  It’s a short article with some good thoughts — one of those thoughts was entitled, “The Myth of Holiday Suicides”. Now, over my career I dealt with budgets based on what my banking friends tell me is the “Law of Large Numbers”.  I’ve always taken that to […]

Finance

Batesville reports Fiscal 2021 Revenue increase, suggest less Covid deaths possible in 2022

Batesville Casket’s parent company, Hillenbrand Industries, reported Fiscal Year 2021 and FY 4th Quarter 2021 results last week.  In that report, that you can read here, they reported that the Batesville segment produced revenue of $623 million for the year. . . a 13% increase over FY2020.  It should be mentioned here that FY2020 included the months of October, November, and December of 2019. . . a period in which no Covid deaths were reported in North America.  In contrast, […]

Finance

StoneMor continues transformation according to 3Q results, comments on expected growth mode

StoneMor Inc., the Pennsylvania cemetery/funeral home consolidator and operator reported their 3rd Quarter results for 2021 earlier this week.  In a prepared statement, company CEO Joe Redling stated, “The third quarter continued to build on the positive performance trends of the past year and half, with top-line revenue growth of 13.2% and 19.2% for the three and nine months ended September 30, 2021, respectively, when compared with the same periods in 2020.” Here are some of those positive results as […]

Products Regulations

58 years ago today – The Kennedy assassination. . .and the story of the Kennedy casket

Imagine it is lunch time at the funeral home you work at when you get a call from the hospital two miles away that you need to immediately bring the best casket you have to the hospital.  And, by the way, it is for the President of the United States. That’s the call that Vernon B. O’Neal of O’Neal’s Funeral Home received on November 22, 1963 — 58 years ago today.  O’Neal happened to be the only person at the […]

Business

Inflation, wages, and turkeys. Connecting the dots can help your funeral home strategy.

Being retired has its advantages.  I spend a little time every day reading three electronically delivered economy or financial focused newsletters I subscribe to.  I then like to interpret and extrapolate the information that I get from them and use it in my personal financial decisions as well as my managerial decisions for the companies I am still involved with.  I not only enjoy the exercise, but I find it valuable. Yesterday, the subscriptions let me to this article from […]

Business

Digging for data to reach your client families

There was a day back when I was growing up that young attorneys would pass the Bar exam and then were instructed to “Hang out a shingle” to let the world know they were in business.  That might have worked back in the 1970’s or 1980’s but today if that attorney is not reaching out to find customers his days might get awfully boring. The same could be said of funeral homes.  There was a time when letting the community […]

Cemetery Preneed

Reflections on “Our” world

Writing on “Death Care” gives me very wide latitude.  There’s a lot to it — and it’s not only about funerals and cremations, funeral homes and crematories, cemeteries and burials, but there is the finances of the industry, the manufacturing of the industry, the mortuary training of the profession, and all of the interesting people involved in the profession. “Our” world is also about history, society, movements within the industry like the increase of cremation that has went on for […]

Finance

Park Lawn keeps rolling along, CEO Brad Green comments

Publicly traded funeral home and cemetery operator Park Lawn Corporation (PLC) released their 3rd Quarter 2021 results last week and CEO Brad Green said this in a prepared press release statement, “The third quarter exceeded our expectations, especially given the continued decline of COVID-19 deaths served by our businesses. Despite this, we saw an increase in the number of families that we served in our comparable businesses in both our funeral homes and cemeteries. Likewise, we continued to see an […]

Business Finance Products

My hunch: Inflation, other factors will lead to rapid acceptance of “Online Direct Cremation”

Thursday night into Friday morning brought Minnesota’s first snowfall of the 2021-2022 winter season.  It was light, but created slippery conditions outside that forced me onto an indoor treadmill run on Friday morning.  My 2 1/2 mile daily run is punctuated by the fact that I have a lot of stamina. . . just not a lot of speed.  On an indoor run, the result of that fact is I get about 25 minutes to catch up with the morning […]

Afternoon Edition

“Final Responders” PSA passes more than $5 million in advertising value

Last March a public service announcement (PSA) created by the International Cemetery, Cremation, and Funeral Association (ICCFA) Education Foundation began airing.  In early November the association announced that the PSA campaign has been one of the best in media history by, according to Nielsen TV research, being broadcast 7,955 times and viewed by an approximate 90 million people.  If one were paying for that exposure, Nielsen estimates that the approximate cost would be $5,109,982. According to Jim Price, ICCFA Educational […]