Tag: funeral homes

Finance

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

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. . . that’s an increase of about 3.4 million or just 0.3% over the 2021 number. In addition, Operating Income for the quarter dropped from […]

Business Finance

Thinking outside the box on acquisitions

I recently came across this article from the Dayton (Ohio) Daily News.  The article told the story of the Routsong Funeral Home acquiring the Morris Sons “funeral business” of the same community.  What was interesting was that the article told of the Routsong Funeral Home “picking up (the) pre-funded funeral service arrangements for an additional 100 or so families”. The article also made the point that the Morris Sons Funeral Homes two physical locations were not a part of the […]

Finance

Matthews Memorialization segment reports higher sales, lower margins

Mathews International, the global provider of memorialization products, industrial technologies, and brand solutions reported their Fiscal 3rd Quarter last week.  That quarter encompasses the April thru June 2022 time period. In reporting their Memorialization segment finances we note that they may be reporting what we believe could become a common theme in death care company’s reports for the quarter — that is one of thinning margins.  You can see the quarterly financial press release here. Here’s what Matthews CEO and […]

Finance

Park Lawn makes earning season splash with large aquisition

Park Lawn Corporation announced yesterday in this press release that they have acquired substantially all of the assets of the Schackelford Corporation based in Western Tennessee.  The Schackelford Corporation encompasses a fifth-generation company that has served Western Tennessee for 90 years.  According to the press release the acquisition includes eight stand-alone funeral homes, two stand-alone cemeteries, and one on-site funeral home and cemetery. The release also indicates that the acquisition will bring an approximate 1,577 calls per year and 152 […]

Business

The funeral home as the “Heart of the Community”

As I research articles for Funeral Director Daily I come across lots of local newspaper articles dealing with anniversary years of funeral homes.  The vast majority are from small town newspapers and tell of the longevity of many of these family owned firms. Last week I found this article from the Herald-Dispatch of Huntington, West Viriginia, entititled “Kenova funeral home celebrates 100 years of business”.   There was nothing unusual about that type of headline but in reading the article one […]

Preneed

NGL divests Settlers Life, positions for stronger Preneed business

This article from the Insurance News Net informs readers that preneed insurance company National Guardian Life (NGL), based in Madison, Wisconsin, has sold its interest in Settlers Life Insurance Company to Everly Holdings, LLC.   The sale consists of approximately 225,000 policies that are geographically disbursed throughout the United States. Those policies included in the agreement include final expense and single annuity products. According to Knut Olson, President and CEO of NGL, this move strengthens NGL’s ability in the Preneed funeral […]

Business Products

Creating “Gathering Time” may be the secret

Probably the biggest value for me in blogging with Funeral Director Daily is the people I have been able to correspond with that I would have never got to know without the blog.  I’ve got lots of new friends who I have never met — almost 3,000 regular readers — many who correspond with me about my articles. . . . Some people agree with me and some people don’t.  But, all have opinions that I value and many times […]

Afternoon Edition

Matthews and the Baseball Hall of Fame

I’ve been a big baseball fan since I served as Batboy of the local town team back in the 1960’s.  I played the game (not real well), managed an adult team, and had my most memorable time coaching years of Little League. . .with the highlight being my 2011 12-year old team winning the Minnesota State Championship.  I’m also a fan. . . .leading me to bring you a little information about Matthews International and their generations-long involvement with the […]

Finance

Carriage Services misses on earnings and revenues, announces acquisitions in the pipeline

Last week Carriage Services was the first death care related company to report its earnings for the March thru June 2022 period.  As you can see from this short article from Investors Observer, they missed the numbers in both categories – Revenues and Earnings – that the analysts had predicted for them to achieve.  Here’s a quote from Investors Observer, “The consensus among analysts for Carriage Services was for an earnings per share (EPS) of $0.82. The firm failed to […]

Products

Commander Initiative announces partnership with Titan Caskets

At least in my area the idea of consumers purchasing caskets either online or in person from Costco and WalMart does not seem to have caught on.  I think one of the reasons why is that area funeral homes have not warmed to that idea and don’t like the competition from those large retailers. However, the tide may be turning with online casket purchasing with startup company Titan Casket.  I think Titan is different.  Yes — they do offer caskets […]