death care
The Cremation Association of North America (CANA) says the 2020 cremation rate in the United States was 56.1%. That same reliable group says that within the next decade – in 2030 – the national cremation rate will rise to 72.8%. Considering the fact that the vast majority of cremations in the United States do not…
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Security National Financial Corporation (SNFC) released this press release earlier in November which memorialized their operations for the 3rd Quarter of 2021 as well as the first nine-months of 2021. The Utah based company operates in three business segments with one of those segments being what they call their Memorial Segment. For the nine months…
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Park Lawn Corporation (PLC), the Canadian based funeral and cemetery operator announced in this press release yesterday that they had entered the state of Georgia with an agreement to purchase the Ingram Funeral Home & Crematory located in Cumming, Forsythe County. The press release stated that the acquisition is scheduled to close in December of…
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Matthews International, the Pittsburgh based tri-partite conglomerate with the largest percentage of their sales in what they refer to as their “Memorialization Segment” saw an increase in total sales and Memorialization Segment sales for their 2021 Fiscal Year. As you can see from this 4th Quarter (July, August, September) and Year End report sales in…
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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…
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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…
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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…
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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…
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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…
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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…
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