funeral home business

Carriage Services closes Senior Notes Offering

By Funeral Director Daily / June 5, 2018 /

  Carriage Services, a publicly owned death care provider that according to its web-site owns and operates 178 funeral homes in 29 states and 32 cemeteries in 11 states, announced last week that they have closed a Senior Notes Offering and entered into a new Senior Secured Revolving Credit Facility.  You can read the company’s…

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Security National Memorial segment increases Sales and Profits

By Funeral Director Daily / May 21, 2018 /

Last week, public company Security National Financial Corporation reported the results of their First Quarter of 2018.  In the press release that you can read here they report that two of their three operating segments had increases in sales and profits on a year over year basis. As you may recall, Security National Financial Corporation…

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Park Lawn Corporation Reports 1Q 2018

By Funeral Director Daily / May 17, 2018 /

  After the close of business on Tuesday, May 15, Canadian death care consolidator Park Lawn Corporation reported their First Quarter results for 2018.  You can see a copy of their Press Release here. Park Lawn reported revenues of $27,206,240 for the quarter compared to revenues of $18,802,424 for the same period of a year…

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Hllenbrand Reports 2Q 2018, Batesville Revenues Increase

By Funeral Director Daily / May 7, 2018 /

Hillenbrand Industries reported 2nd quarter results last week.  Hillenbrand, long known as the parent company of Batesville Caskets, has been, of late, driven by its entry into the Processed Equipment arena.  The company reported a net loss for the quarter which was the result of taking a $63 million dollar charge against the carrying value…

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Evidently, Price Matters

By Funeral Director Daily / April 19, 2018 /

Dignity, PLC, the British based conglomerate reported revenue for the 1st quarter of 2018 the other day.  The company reported revenue of       US$ 135 million for the quarter as compared to revenue of US$ 132 million for the 1st quarter of 2017.  That is an increase of 2.2%. The increased revenue number is…

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InvoCare opens “Funeral Home of the Future” in Victoria, Australia

By Funeral Director Daily / April 19, 2018 /

Australia’s leading provider of funeral and cremation services, InvoCare, announced on April 17th that their newest funeral home has been opened in Dandenong, Victoria.  According to their press release which you can read here, “Industry and consumer trends show customers are increasingly looking for a contemporary environment that provides a range of products and services,…

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Park Lawn to acquire Signature Group and Citadel Management

By Funeral Director Daily / April 18, 2018 /

  When Funeral Director Daily made our 2018 predictions, one that we made was that we thought Canadian funeral and cemetery operator, Park Lawn Corporation, would be aggressive in building its network of funeral homes and cemeteries in the United States.  If you did not agree even when they made a purchase of approximately $US…

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Security National Financial Reports 2017 Results

By Funeral Director Daily / April 5, 2018 /

Security National Financial Corporation, the Salt Lake City company that competes in the to the consumer funeral and cemetery business reported that their corporate “after tax” earnings from operations increased 15.8% year over year from 2017 and 2016.  Those earnings came on a roughly 9% system wide decrease in revenues.  Pre-tax earnings were less than…

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Park Lawn Corporation Reports Year End 2017

By Funeral Director Daily / April 2, 2018 /

Park Lawn Corporation, the Toronto based funeral home and cemetery consolidator, released their 4th quarter and Year End 2017 results last week.  Andrew Clark, Chairman and CEO of the company stated in the release, “Overall the company continued to grow in 2017, while improving its margin profile.”  He continued, “Our goals for 2018 include increased…

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Legacy Funeral Group Purchases Alabama Locations

By Funeral Director Daily / February 26, 2018 /

  According to a press release that you can read here, Legacy Funeral Group of Texas has purchased the Magnolia Chapels of Tuscaloosa, Alabama.  Magnolia Chapels has served the Tuscaloosa area with two chapels since its founding in 1999. (The link will lead you to Legacy’s web-site where you can learn more on the company).…

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