funeral home business
To cap off the week and the month of May we are forwarding to you three separate articles from the world of death care. Click on the links of these articles to learn more. State of Washington and its Death Certificate Problem- An editorial from the Spokane Spokesman-Review that you can read here goes into…
Read MoreSecurity National Financial Corporation, the Utah based financial and death care company showed a total company decrease in revenue for the 2019 1st Quarter as compared to the same quarter in 2018. You can see their 1st Quarter report here which was made public on May 16. However, even as the company experienced a decrease…
Read MoreStoneMor Partners, the Pennsylvania operator of funeral homes and cemeteries announced First Quarter 2019 results last week. The company, which is in what CEO Joe Redling says is an “operational reorganization” continues to see revenues lower and losses larger than the comparable quarter one year ago. For 1Q 2019 revenues amounted to $71.5 million as…
Read MoreDeath care consolidator Carriage Services issued preliminary 2018 results on Wednesday. You can read a press release from the company here. In those results the company announced that they had grown revenue year over year from $258.1 million in 2017 to an an unaudited estimate of $268.0 million in 2018. That would be an increase…
Read MoreJust this morning I noticed an information piece on Service Corporation International from Zack’s Research. It’s a short, but interesting look at how at least some people look at the death care industry as compared to the overall market and what they think about SCI. Interesting to note, is that according to the article, Service…
Read MoreSo many things about business fundamentals cross over from one industry to another. I’m writing this article on Sunday and thinking about a meeting I will have tomorrow in the role I play as Chairman of the Finance and Operations Committee of a Big Ten university. We are working on the budget and tomorrow I’m…
Read MoreGreat funeral homes and cemeteries don’t just pop up and start making lots of money overnight. Matter of fact, it is very rare that a death care business can open in a new locale served by others and make a profit within the first couple of years. New operations have to be ready to spill…
Read MoreIf everything goes as expected today, most people are looking for a 0.25% rise in the Federal Funds interest rate as set by the Federal Reserve Board. There has been a lot of talk that the rate, which if raised today for a 4th time this year, has had something to do with the volatility…
Read MoreHillenbrand Industries, parent company of Batesville Casket, reported 4th quarter and year end earnings last week. You can read the company’s press release here. For the year the company’s revenues increased 11% to $1.77 billion. As you may know the company operates in two general segments, the Processed Equipment Group and the Batesville Group. The…
Read MoreLast week I shared some of the ways I had developed a budget that allowed me to produce maximum profits to the business even in years when our death numbers fell short of what we really wanted or expected. I talked on the revenue side of the budget and how discipline in planning can lead…
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