Tag: funeral companies

Finance

Batesville notes from Hillenbrand Industries Quarterly Report

Last week Hillenbrand Industries reported their Fiscal Year 4th Quarter of 2022 and their Year End results for Fiscal Year 2022.  It is noted that Hillenbrand operates on an annual fiscal year calendar from October 1 to September 30. Over the years Hillenbrand has moved from a company predominantly based in the death care business via their operation of Batesville to a more well-defined manufacturing industry conglomerate with Batesville as a minority representative of sales and profits.  For instance, 4Q22 […]

Finance

Death Care investors lose over $4 billion in market value Year to date

Last Friday’s calendar marked the end of the 3rd quarter of 2022 and with it the end of a quarter, and fiscal year for some, of the Funeral Director Daily Death Care Index (DCI) companies.  It won’t be long and we will be hearing the financial reports from each of these companies and how they  performed individually for the period of July, August, and September. It’s anybody’s bet on what we will hear when the financial reports come out and […]

Afternoon Edition

StoneMor and Axar Capital: Finalizing things soon?

A recent article published by Seeking Alpha indicates that the “Go Shop” period for StoneMor Inc., following the announcement of a potential going private sale to Axar Capital, is over.  In the article the authors mention, “StonMor has been able to solicit other offers, which might not necessarily be take privates. The go-shop period is over so the deal is probably going through.” Interesting to note also, that StoneMor, known more as a cemetery company than a funeral home company […]

Finance

Seeking Alpha author makes case for Matthews International

Seeking Alpha author Austin Rogers makes a case for the upside future of conglomerate Matthews International. . .a company which receives about 46% of its revenue from the death care space.  The article is really detailed about a little history of Matthews and where the company seems to be going in the future. Here’s a couple of items the author mentions about Matthews: Matthews International is a small-cap dividend growth stock that is easily overlooked for its small size and […]

Finance

Death Care Index falls, trails market indexes on the year

I had planned this article subject for this date simply because we have now finished the 2nd Quarter reports for all seven death care related companies that comprise the Funeral Director Daily Death Care Index (DCI). I hesitated, but then continued to move forward with this report on the public death care companies in spite of pretty negative news from the Jackson Hole economic summit which brought the markets quite a bit south on Friday. I’ve often felt that when […]

Afternoon Edition

Seeking Alpha author researches Carriage Services

  Last week Seeking Alpha contributing author Daniel Jones authored an article highlighting death care funeral home and cemetery operator Carriage Services. Here’s some of what he says in the article, “Although it may sound morbid to say, the death care space is a particularly interesting area for investors to explore. In a world where the population continues to grow, the demand for these services is also destined to grow. And one of the few companies that operate in this space […]

Finance

Increasing funeral home numbers drives Carriage Services results

Carriage Services reported their 1st Quarter of 2022 last week and in doing so highlighted the strength of their funeral home operations.  “Same Store” service contracts increased about 3.3% and average revenue on those services increased 1.2% over the same period of last year which led to a Funeral Home Operating Revenue increase of $3.3 million  and Total System Revenue of $98.2 million (a 1.6% increase) even as the Cemetery Division revenue decreased almost 5% for the quarter. For 1Q […]

Finance

Dignity plc moves from loss to profit despite lower revenues

Dignity plc, Great Britain’s leading death care provider reported their results for the 2021 calendar year last week and in doing so reported a Profit before taxes of US $42.4 million as compared to a 2020 calendar year pre-tax loss of over US $25 million.  This positive swing was accomplished despite Revenue dropping about 1% to US $ 466.5 million from 2020’s US $ 471.5 million. You can see the Dignity plc 2021 operating results here. Even with profits moving […]

Finance

Death Care Index drops Year to Date in line with Indices

Since the first of the year there has been a lot in the news. . . . and news that is probably more consequential than other 75-day time periods over the last couple of years.  Let’s see. . . there’s been the Omicron variant, supply shortages, inflation, and the Russian invasion of the Ukraine.  On top of all of that in the United States, much of our financial picture depends on what the Federal Reserve Board will do with interest […]

Finance

Matthews 1Q 2022: Memorialization segment has higher sales, lower EBITDA

Matthews International, the parent company of Aurora Caskets and Matthews Cremation products reported their 1st Quarter 2022 financial results last week.  It should be noted that Matthews fiscal year begins in October so these results are for the October thru December 2021 period. Of interest to us at Funeral Director Daily are the results of what Matthews calls its “Memorialization” segment and in that segment the company reported 1Q 2022 sales of $210.7 million as compared to $183.2 million for […]