funeral business
Last week death care property owner and operator StoneMor announced, in this press release, that they had completed their merger with Axar Capital Management whereby StoneMor will become a private and wholly owned subsidiary of Axar Capital Management. Prior to this “take private” movement, which was announced in this May 25, 2022, press release, Axar…
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The streets of Death Care and the avenues of Entertainment don’t seem to collide too often at an intersection. But every once in a while they do and when they do it generally leads to some publicity. According to this article from Bloomberg that intersection just happened with a highly performing music video by artist…
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North America’s largest business in the death care industry, Service Corporation International (SCI) reported their 3rd Quarter 2022 financial results earlier this week. The results show a decline of about 5.5% in total revenues for the quarter as compared to the same quarter of 2021. The 3Q 2022 revenue number was $977.7 million as compared…
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It was in June 1980 when I was a rookie funeral director that a gentleman stepped into our funeral home and we were introduced for the first time. The gentleman was another young funeral director who had left the world of funeral directing to become a representative of one of the major casket companies. That…
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In this press release from PR Newswire you can read about Orlando based Foundation Partners Group and its acquisition of Solace Cremation, the Portland, Oregon, based direct-to-consumer cremation services business. Solace operates in the Oregon, California, and Florida markets at this time. The purchase will allow, according to the release, Foundation Partners Group to have geographic…
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It’s November and if you haven’t organized your budget for the 2023 calendar year yet, it is about time to get started. I always did my final work on the budget when November 1 came around and by the 15th of the month it was set for the coming year. I found the easiest way…
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It was announced last week in this press release that Carriage Services, headquartered in Houston, Texas, acquired substantially all of the assets of the Heritage Funeral and Cremation Services and Forest Lawn East Cemetery. The businesses are located in the Charlotte, North Carolina, market territory and consist of three stand alone funeral homes, a cemetery,…
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I visited Baltimore and attended the National Funeral Directors Association (NFDA) convention earlier this month. In earlier blog posts I’ve told you some overriding impressions that I had from that experience. . . and I told you I would be bringing you, in greater detail, some of my thoughts and observations. One of the phenomena…
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I’ve been a licensed funeral director for about 42 years and in that time I’ve seen all kinds of situations. I’ve served families that are included in the Forbes 400 wealthiest in America and I’ve served families where some of the survivors didn’t know where they would be sleeping that night. Suffice it to say…
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Of the seven companies that comprise the Funeral Director Daily Death Care Index (DCI) Carriage Services was the first company to report earnings for the 3rd Quarter of 2022 and did so Wednesday. Carriage Services, based in Houston, Texas, reported lower comparable numbers in almost every category compared to the same period in 2021.…
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