funeral finances
Service Corporation International (SCI) reported their 1st Quarter financial results last week and in it we found a lot of information and perspective that we believe is informative and, in our opinion, pretty good news as to how the American public is coming out of the pandemic with their actions on funeral care seemingly indicating…
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As we told you yesterday, we are re-running our budgeting articles that received such good response from funeral home operators in November 2019. Budgeting is, well, budgeting, but there are always new wrinkles to account for. While we have, for our example, simply delineated our revenue numbers by cremation case or earth burial case, if…
Read MoreSecurity National Financial Corporation (SNFC) is a diverse, but integrated company. They are diverse in that they have three distinct segments – Mortgages, Life Insurance, and Cemeteries/Mortuaries – under their umbrella. They are an integrated company in that all segments report together to bring a bottom line to the company. And, the integration was good…
Read MoreLast week public funeral home operating company Carriage Services was really in the news. They not only announced the acquisitions of the Fairfax Memorial Park and Funeral Home in the Washington, DC area, but they announced the purchase from StoneMor Partners of the funeral home/cemetery combination facility Oakmont Memorial Funeral Home and Cemetery in Northern…
Read MoreIt’s a habit that I just can’t seem to let go of. I’m just business oriented and when I read something I have this habit of taking the information and transforming it into how it may or may not affect the business that I am in. As some of you know, I’m an early investor…
Read MoreService Corporation International, the largest of the funeral service conglomerate public companies, reported 2nd Quarter 2018 financial results yesterday. You can read their press release and see the numbers here. SCI announced earnings per share of $0.44 versus analysts estimates of $0.43 per share. They also announced 2nd quarter revenue of $796 million as compared…
Read MoreLast week cemetery and funeral home consolidator StoneMor Partners issued press releases regarding their company. In essence the releases shared the following information: Release of Preliminary Unaudited 2017 Full Year Financials The appointment of a new CEO for the company, Mr. Joe Redling The establishment of a committee to look into the possibility of changing…
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