Tag: funeral homes

Finance

StoneMor completes merger with Axar Capital. . . becomes a private company

Last week death care property owner and operator StoneMor announced, in this press release, that they had completed their merger with Axar Capital Management whereby StoneMor will become a private and wholly owned subsidiary of Axar Capital Management.  Prior to this “take private” movement, which was announced in this May 25, 2022, press release, Axar Capital Management had owned approximately 75% of the outstanding StoneMor public stock. StoneMor’s stock was taken off the public exchanges as of November 4 and […]

Afternoon Edition

Titan Casket scores positive PR from Taylor Swift video

The streets of Death Care and the avenues of Entertainment don’t seem to collide too often at an intersection.  But every once in a while they do and when they do it generally leads to some publicity.  According to this article from Bloomberg that intersection just happened with a highly performing music video by artist Taylor Swift that contained a product placement of a Titan brand casket prominently displayed. It’s interesting to note that Taylor Swift made history in the […]

Finance

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

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 to the 3Q 2021 revenues of $1.034 billion.  You can see all of the financial results in this press release. The company also reported Net […]

Afternoon Edition

Reflections by Duey . . .a product differentiator for your funeral home

It was in June 1980 when I was a rookie funeral director that a gentleman stepped into our funeral home and we were introduced for the first time.  The gentleman was another young funeral director who had left the world of funeral directing to become a representative of one of the major casket companies. That gentleman was Duane “Duey” Williams and we became good friends and partners in the method of putting the proper caskets on the funeral home’s showroom […]

Business

Watching the Budget: Health Care costs

It’s November and if you haven’t organized your budget for the 2023 calendar year yet, it is about time to get started.  I always did my final work on the budget when November 1 came around and by the 15th of the month it was set for the coming year. I found the easiest way to formulate the budget was look at the expenses first.  What required expenses did I have?. . . how much had they went up in […]

Finance

Carriage Services acquires North Carolina funeral homes and cemetery

It was announced last week in this press release that Carriage Services, headquartered in Houston, Texas, acquired substantially all of the assets of the Heritage Funeral and Cremation Services and Forest Lawn East Cemetery.  The businesses are located in the Charlotte, North Carolina, market territory and consist of three stand alone funeral homes, a cemetery, and a cremation focused business. Steve Metzger, Executive Vice President and Chief Administrative Officer of Carriage Services said this about the acquisitions, “. . .The […]

Business Preneed

Want to build your brand? Try sponsoring a Death Cafe

I visited Baltimore and attended the National Funeral Directors Association (NFDA) convention earlier this month.  In earlier blog posts I’ve told you some overriding impressions that I had from that experience. . . and I told you I would be bringing you, in greater detail, some of my thoughts and observations. One of the phenomena that I see trending is what is termed as the “Death Positive” movement.  I think the Death Positive philosophy has been around for over a […]

Afternoon Edition

There’s many good people out there

I’ve been a licensed funeral director for about 42 years and in that time I’ve seen all kinds of situations.  I’ve served families that are included in the Forbes 400 wealthiest in America and I’ve served families where some of the survivors didn’t know where they would be sleeping that night. Suffice it to say that there are all kinds of situations that happen to the good people of the United States.  Some have seemed pretty callous and even when […]

Finance

Carriage Services reports 3Q 2022 Financial Results: Lower Numbers

Of the seven companies that comprise the Funeral Director Daily Death Care Index (DCI) Carriage Services was the first company to report earnings for the 3rd Quarter of 2022 and did so Wednesday. Carriage Services, based in Houston, Texas, reported lower comparable numbers in almost every category compared to the same period in 2021. For instance: Total Revenue for the 3rd Quarter was listed as $87.4 million as compared to the 3rd Quarter of 2021 when Total Revenue was reported […]

Cemetery Regulations

Another reminder that our work matters

I attended a somber event last Sunday that at least in part reminded me, among other things, that funerals and memorial services matter to people.  And, they are one of the events in a person’s life that can rekindle passionate memories. Last Sunday I attended the church service at tiny East Moe Lutheran Church in rural Garfield, Minnesota. . .  a rural farm community about 8 miles from where I live. It is an area of gravel roads and farm […]