Tag: death care

Finance

Carriage Services posts record 3Q revenue and EBITDA

Earlier this week funeral home and cemetery consolidator Carriage Services, based in Houston, Texas, produced their 3rd Quarter 2020 report and in it they recognized the quarter as record breaking for revenue and EBITDA.  According to Chairman and CEO Mel Payne the company blew through milestones which they did not expect to reach until sometime in 2022. Here’s some of what CEO Payne had to say, “The last six months have been a remarkably historic performance period for Carriage, as […]

Finance

Service Corp 3Q revenue rockets up

Service Corporation International (SCI) 3rd Quarter 2020 revenue jumped almost 20% (19.37% actual) over the same period from 2019.  In a statement issued yesterday, October 28, here is what SCI’s President and CEO Tom Ryan said of the results: ” . . . the impact of COVID-19 has increased the number of funeral services performed as well as the number of burials in our cemeteries. As community restrictions lifted over the last few months, we have experienced unprecedented growth in […]

Business

As California goes. . . so goes the nation?

We are in the season of elections and when I was younger there was an old adage of Presidential elections that went like this, “As Maine goes, so goes the nation.”  I recently read this article in the Los Angeles Business Journal entitled, “Business Slows for LA Funeral Homes”, and wondered if as the funeral business in California is going. . . . will that be the pattern for the nation moving forward? The old Maine adage made note that […]

Business

It’s not such a somber place anymore

My first real recollection of a funeral was when my father’s mother, my grandmother, died when I was five years old.  And, interestingly enough, even with my family in the funeral profession, what I remember about the “funeral” was not being allowed to go.  I can actually remember being held at home with a babysitter, while my older brother who was nine years old got all dressed up and left the house with my parents.  I can remember thinking, “What […]

Business Products

Playing the “What if” game

If you want to stay ahead of the curve in whatever you are doing I would suggest to play the “What if” game every once in a while just to see where you are standing.  The “What if” game can be played in all lines of business and is, in my opinion, a great exercise to determine the future sustainability of your business in its present form. I recently saw an article on a funeral home where they were telling […]

Cemetery

Which side of the issue are you on

I don’t think that there is any doubt that at one time we viewed cemeteries as a “place for the dead”.  However, you could argue that over the years, while cemeteries still carry the reverence of places where we lay our loved ones to rest, they have become not only a place for the dead, but a “place for the living” also. I point that out as, especially urban cemeteries, have become places to walk a dog, to hold yoga […]

Cremation Products

Better Place Forests adds Minnesota property

A little over a year ago Funeral Director Daily brought you this article introducing Better Place Forests to our readers.  At that time we said of the idea, “Think of it. . . increased cremation and now a place – like cemeteries of old – where today’s consumer will feel comfortable placing the remains of loved ones in an environmentally friendly way and place.  An interesting venture. . . and one whose time may have come.” At that time the […]

Afternoon Edition

Life expectancy, funeral choice, and the effects on revenue

Yesterday Funeral Director Daily published an article about cemeteries and in that article we made the assertion that the COVID experience of 2020 will probably have some type of long-term effect on funerals going forward.  That statement was made mostly in reference to what has happened with funeral attendance due to the social distancing practices that have been imposed from place to place. It’s been my experience that when an individual is forced to change a habit, sometimes that forced […]

Business Cemetery

The problem with cemeteries

We’ve now moved into the 4th quarter of 2020 and with that timing we have had 6 full months of the COVID world results in death care.  We know from listening to the news, looking at public death care company reports, and anecdotal reports from our colleagues that while funeral homes have been learning to do business in the COVID world, the financial results still probably lag where we want them to be. We know that there has been a […]

Afternoon Edition

Afternoon Edition: Articles from the weekend

In today’s Afternoon Edition we will provide you with some articles that came out over the weekend.  There is probably something for everybody’s interest in these articles as we always find that it is interesting to catch up with what is going on in other parts of the United States or in other parts of the world. Here’s what we have today: North Carolina among the last states to make death records electronic.  North Carolina has, according to this article […]