funeral business
We are coming up on Memorial Day weekend. For me it is always a time for reflection on the good that America has done over the years on the world stage and a time to honor and respect those that were willing to put their lives on the line for others. That duty has always…
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In a press release issued at the beginning of business yesterday, Wednesday May 25, StoneMor Inc. announced that the company had agreed to a “definitive merger agreement under which a subsidiary of Axar Capital Management, LP (“Axar”) will be merged with and into StoneMor and all outstanding shares of StoneMor common stock not owned by…
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I operated a funeral home business for over 33 years. When I started in 1980 the only benefits offered were health insurance and paid vacation. Over the next 33 years we changed with the times and I came to approve benefits that included not only health care and paid vacation, but also a 401k -like…
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Here’s what StoneMor Inc. CEO Joe Redling had to say about the company’s 1st Quarter of 2022 during the company’s earnings call on May 12 which you can access here, “During the first quarter, we achieve(d) 4% year-over-year growth in our pre-need sales production. And this is against the first quarter of 2021. That was…
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Every week as I’m looking researching through death care articles looking for topics to write on for Funeral Director Daily I will come across an article from some United States newspaper announcing that the local funeral home has just added pet cremation services to its line of service offerings. I’ve also seen, as this article…
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I’m always on the look out for whatever I can find that puts me at the front edge of “change” in the death care profession. Change in our profession used to happen pretty slow. . . . from home visitations to funeral homes, from wood caskets to metal caskets, to the slow methodical march of…
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Dignity plc, Great Britain’s largest funeral home and crematory operator announced last week in this report that you can see from Morningstar, that their 1st Quarter 2022 revenues and operating profits fell considerably over the same period of 2021. However, it also appears that Dignity plc was able to increase their market share for services…
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Last week Park Lawn Corporation (PLC) announced their 1st Quarter of 2022 earnings results. For the period ended on March 31, 2022, the company increased their revenue 17.5% to $83.1 million as compared to the 1Q of 2021 when they reported $70.5 million in revenue. The company also reported Net Earnings of $8.7 million in…
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In the last few weeks I have heard and seen a lot about about staffing issues in the death care world. For instance, I recently had a discussion with Ryan Thogmartin of Connecting Directors and he told me that their surveys from owners and managers indicate that staffing, employee issues, and just simply getting enough…
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I read this article in the Metropolis (IL) Planet the other day. And, quite frankly, it really resonated with me. Part of the reason is that when I researched Metropolis it seemed much like the community that I grew up in. The article revolves around Metropolis funeral home owner and mortician Emily Farmer Loftus and…
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