Tag: death care

Business

A Year of COVID. . . what do we now know

While there has been some discrepancy on the case because of cruise ship involvement elsewhere, most people will say that the first COVID-19 death in America happened on February 28, 2020, in the Seattle area.  That’s just over a year ago. . . . what have we learned. . . what do we now know? COVID-19 and the coronavirus pandemic have changed some of our daily habits.  We know that. For Angie and I, our first change of habit occurred […]

Business Preneed

Do we listen to the consumer

Funeral home owners, cemetery operators, preneed professionals.  We’re the experts in the death care profession.  We know the business, we understand the clientele, and we know what is good for everybody.  Or do we? I’m guessing that is somewhat how the buggy whip manufacturers, horse livery operators, and sales reps in that industry thought of themselves while Henry Ford and others were going about changing the way American moved by figuring out a way to build an automobile at a […]

Business Finance

Australian funeral homes fare much differently than U.S. counterparts

The COVID-19 pandemic during the year 2020 and how countries geographic location and national responses to the situation could not be more different than you see in recent publicly owned funeral home companies’ annual reports. We’ve reported on the results of the United States Service Corporation International (SCI) and Carriage Services both in the last week.  At the end of last week we received early data and results from the two largest public funeral home operators in Australia and New […]

Business Finance

Where is the money going in Death Care

I recently read an interesting article, authored by funeral industry veteran Doug Gober, in the Memorial Business Journal published for members by the National Funeral Directors Association.  Gober, who’s been around the profession for a long time gave an interesting sequence of events beginning with when money flowed into the profession from the public companies. He continued by telling us that it is not only the large companies that have access to capital in this day and age, but smaller […]

Finance

Moodys upgrades Carriage Services. . . . can you find savings in financing?

Upon the heels of a very profitable quarter and yearly report of funeral and cemetery consolidator Carriage Services, Moody’s Investor Services last week raised the credit rating of the company as you can see in this article here.  A better credit rating should drive down borrowing costs for Carriage Services and, according to the Year End 2020 Annual report, Carriage Services management is counting on that to lower cash outlays for those needs. It’s also very interesting as to what […]

Business

The death at home movement gains steam during the pandemic

Where a person dies does have an effect on funeral home operations.  One simple effect you can see is that of two person removal teams to homes rather than a one-person removal being done at a hospital or nursing home where there is always facility staff help if needed.  This recent article from the Associated Press and bylined out of Mission, Kansas, takes the side that the COVID-19 pandemic has increased the amount of deaths occurring under hospice care in […]

Finance

Carriage Services reports 2020 year. . . shows the trends

In a press release that you can read here you can find out that Houston, Texas, based funeral home and cemetery consolidator Carriage Services recorded record results not only for the 4th Quarter of 2020 but for the full year of 2020 as well.  Not only did Carriage Services record these record financial results, they exceeded the 2022 plan that they had set in their five year milestones only a year ago. In essence they passed that 2022 goal two […]

Finance

Service Corporation services jump 14% in 2020

Service Corporation International reported both their 4th Quarter 2020 and Full Year 2020 reports last week.  Among the interesting items that you can find in the report, that can be accessed here, is that their total number of services increased from 319,616 in 2019 to 364,312 in 2020. . . .that’s an increase of 13.98%. That number in itself is interesting considering the fact that Service Corporation International (SCI) is the largest provider of death care services in the United […]

Business

Taking a stand and doing the right thing. . . InvoCare and domestic violence

Sometimes it is difficult to take a public stand on an issue.  You might feel strong one way or another, but you know that taking a public stance could possibly hinder the amount of business that you do.  It is pretty evident in America right now that if you flew a Trump 2020 flag in your parking lot. . . you would show where you stand on the political side, but I would guess that it might cause some potential […]

Cremation Finance

Changing the Paradigm

Last week Foundation Partners Group issued a press release through Cision PR Newswire that you can read here.  The release dealt with some of the company’s ten year history in that it has grown into a company with nearly 160 locations serving over 75,000 families annually. Another thing that the release shouted was that Foundation Partners Group (FPG) serves a clientele that chooses cremation for 86% of its dispositions.  It’s noted that FPG believes that is an industry leading metric […]