funeral home public companies

Propel Funeral Partners makes New Zealand acquisition, raises $80 million

By Funeral Director Daily / February 23, 2024 /

    Last year the largest death care service provider in Australia and New Zealand, InvoCare, was taken private in a buy-out by private equity company TPG Global.  It appears that action has led to the 2nd largest provider of death care services of those nations, Propel Funeral Partners, to rapidly move forward with their…

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Have investors lost faith in Death Care?

By Funeral Director Daily / December 4, 2023 /

  If you are an investor — and with IRA’s and 401K plans virtually everyone is in today’s world — the month of November 2023 gave you reason for optimism.   After a couple of sluggish years of investor equity growth there now seems to be a light at the end of the tunnel with…

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Seeking Alpha gives positive review of Park Lawn Corporation

By Funeral Director Daily / October 11, 2023 /

    In an article that was published on October 1, and I’ll remind our readers that was before Park Lawn Corporation (PLC) had publicly withdrawn its $34 per share offer for Carriage Services, Seeking Alpha authors gave a positive review of Park Lawn Corporation.   The article, which you can read here is entitled,…

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SCI reports 3Q revenue decline. . .CEO Ryan “These results significantly exceeded our expectations”

By Funeral Director Daily / November 4, 2022 /

North America’s largest business in the death care industry, Service Corporation International (SCI) reported their 3rd Quarter 2022 financial results earlier this week.  The results show a decline of about 5.5% in total revenues for the quarter as compared to the same quarter of 2021.  The 3Q 2022 revenue number was $977.7 million as compared…

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Propel Funeral Partners shows growth with 2022 Annual Report

By Funeral Director Daily / September 20, 2022 /

Propel Funeral Partners, the public company that owns and operates funeral homes, cremation facilities, cemeteries, and related infrastructure in Australia and New Zealand, announced their Fiscal Year 2022 (FY22) results in late August, and did so by showing growth all across their reporting numbers. The company that began in 2012 with 278 funeral services reported…

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SCI 2Q 2022 shows small increase in revenue, decrease in Operating Income

By Funeral Director Daily / August 8, 2022 /

Last week the largest public company in the death care space, Service Corporation International,  reported their 2022 2nd Quarter and Half-Year financial results.  For the quarter which encompasses the April thru June 2022 calendar dates, company wide revenue rose to $990.9 million as compared to the same period of last year which totaled $987.5 million.…

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Death care stocks down 18% Year to Date

By Funeral Director Daily / June 27, 2022 /

I read this interesting article on Saturday morning from Yahoo Finance’s Morning Brief entitled “What to expect from a recession everyone sees coming“.  The author of the article makes this statement, “. . . recessions can be mild and short if the causes are anticipated and less systemic, and more severe and longer if they…

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StoneMor agrees to Axar Capital Management buyout

By Funeral Director Daily / May 26, 2022 /

In a press release issued at the beginning of business yesterday, Wednesday May 25, StoneMor Inc. announced that the company had agreed to a “definitive merger agreement under which a subsidiary of Axar Capital Management, LP (“Axar”) will be merged with and into StoneMor and all outstanding shares of StoneMor common stock not owned by…

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Recapping FY 2021 with the public companies

By Funeral Director Daily / May 2, 2022 /

When you read this it will already be May 2022 and we will be two-thirds of the way into the 2nd Quarter of most company’s 2022 business year.  As a matter of fact, the reports of January thru March have already started to roll out as Matthews International provided us information on the January thru…

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StoneMor Inc. partners with Empathy. . . .Reports 2nd Quarter financials

By Funeral Director Daily / August 19, 2021 /

StoneMor, Inc. the Pennsylvania based operator of cemeteries and funeral homes last week announced a partnership with end-of-life technology support start-up Empathy.  Empathy is, as they say, powered by technology and driven by purpose in helping grieving families handle countless tasks following the death of a loved one.  The company describes itself as “a service…

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