death care
StoneMor Partners, the Pennsylvania operator of funeral homes and cemeteries announced First Quarter 2019 results last week. The company, which is in what CEO Joe Redling says is an “operational reorganization” continues to see revenues lower and losses larger than the comparable quarter one year ago. For 1Q 2019 revenues amounted to $71.5 million as…
Read MoreToronto based funeral and cemetery services provider Park Lawn Corporation announced last week that they have entered into agreements to acquire the assets of Horan & McConaty Funeral Services and the assets of the Baue Funeral Home Company. The press release and more information that you can read from Yahoo Finance here, indicate that the…
Read MoreWe have written that funeral wishes and choices by the consumer is ever expanding in the death care market. We have written that the choices and alternatives outside of traditional earth burial and cremation continue to expand. Last October we wrote about a process, created by a company called Coeio, in which a deceased is…
Read MoreI mentioned earlier this week that I spent last week in Las Vegas with about 150 people in our profession. Lots of items get bantered about at this event and one that was visited about quite frequently last week was the opening of Tulip Cremations. While I have only anecdotal knowledge of Tulip Cremation, I…
Read MoreI spent three days last week in Las Vegas with about 150 other people from the death care profession. The group is a wide mix of people, with all of us having the death care industry in common. Some are small funeral home owner/operators like me, some are CEOs of the largest public death care…
Read MoreHouston based funeral home and cemetery consolidator and operator Carriage Services reported its 1st Quarter 2019 results yesterday. Their report somewhat parroted industry leader Service Corporation International’s report from a week ago in that “Same Unit” revenues dropped. In Carriage’s case, however, even with new acquisition revenue added in, their 2019 revenues of $69.1 million…
Read MoreUtah based Security National Financial Corporation issued their 2018 financial results earlier this month and you can see a statement from them here. The company announced a company wide increase in revenues of 1% to over $279 million. In addition, SNFC announced that their after-tax earnings from operations jumped over 53% from about $14 million…
Read MoreI left the world of full time everyday work about 5 years ago. With that and my two boys growing up and somewhat out of the house as a college grad in the working world and the last one in college, I have found more time during the day to do things that I really…
Read MoreEditor’s Note: I am out of the office this week. Because of that FDD will not be publishing an article on Tuesday or Thursday. I hope you enjoy the articles for Monday, Wednesday, and Friday I have scheduled. # # …
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