funeral home business

Funeral Stocks Announce Dividends

By Funeral Director Daily / February 19, 2018 /

It may be Presidents’ Day today, but at Funeral Director Daily it feels a little more like Finance Day.  We have already let you know about Carriage Services 4th  quarter and year end results and on how their stock fared on Friday after the announcement. We just came across a little bit of finance information…

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Jury Awards Mott Family $8 Million in Lost Body Trial

By Funeral Director Daily / February 16, 2018 /

A jury in San Antonio has awarded a couple $8 million after finding the Mission Park Funeral Chapels and Cemeteries negligent in the loss of the their daughter’s body before she was to be cremated, according to an article in the Insurance Journal that you can read here. Sharlotte and Timothy Mott, parents of Julie…

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Matthews Announces Acquisition

By Funeral Director Daily / February 5, 2018 /

Last week Matthews International Corporation announced the acquisition of Star Granite & Bronze of Elberton, Georgia, for $41.2 million.  According to the release from Globe Newswire that you can read here, Star Granite & Bronze is a family-owned business that manufactures and distributes granite and other memorialization products to customers across the United States. The…

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Hillenbrand Reports 1st Quarter, Revises Adjusted EPS Upward

By Funeral Director Daily / February 2, 2018 /

Hillenbrand Industries reported 1st Quarter 2018 earnings on January 31.  You can read the company’s press release here. President Joe Raver made the following comment, “We are off to a strong start for 2018 with continued momentum in the Process Equipment Group.  We remain closely aligned with our customers by providing applications expertise and high…

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Will There Be a National Brand in Funeral Service?

By Funeral Director Daily / January 24, 2018 /

There is no doubt that there is a tremendous value in establishing a national brand that can gain value by economies of scale, national reputation, and accessibility.  Think about companies like Dominos, Burger King, McDonalds, Waste Management, Macy’s, Kohls, and the like where you know the value and quality of what you are buying when…

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The American Casket Market

By Funeral Director Daily / December 19, 2017 /

I’ve been able to receive a private report from November 2017 on the State of the American Casket Market.  It is an extensive report that goes into who are the players in the industry, what is the market like, who has what percentage of market share, what is the profitability of the industry, and attempts…

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Pre-Arrangement Operations in the Cremation World

By Funeral Director Daily / December 15, 2017 /

Back in the 1990s as our State of Minnesota began allowing insurance policies to be a repository for pre-need funeral arrangement funding, many funeral homes, mine included, started insurance agencies in order to profit from the decision.  Since, Minnesota is a 100% trusting state, prior to that decision if a family gave you $5000 to…

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Small Funeral Homes and Being Bold in Cremation Pricing – Part 2

By Funeral Director Daily / December 14, 2017 /

Yesterday I mentioned that for small funeral homes more than 75 miles from a major metropolitan area it would be wise to be bold in pricing of cremation services.  I mentioned that if you are that far away from a large metropolitan area families in your service area will feel comfortable using your firm –…

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Who is Your Target Customer and What do They Want?

By Funeral Director Daily / December 1, 2017 /

I posted an article yesterday that showed that even when you think you are an asset-based or value customer you can also be, at some times in some situations, an experiential customer.  By experiential customer I mean that you, as a customer, will pay more for something because you value the experience that it gives…

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Can’t Believe They Waited Until 2017

By Funeral Director Daily / November 28, 2017 /

The Niagara Gazette recently published an article featuring Michael Goodlander, owner of the Otto Redanz Funeral Home in New York state.  The article captured the thoughts of Goodlander and his funeral home as it is preparing to offer food – in the way of baked goods, snacks, and platters to those visiting and using his…

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