funeral homes

An ongoing debate with cemeteries: Community assets for enjoyment or sacred spaces for the deceased?

By Funeral Director Daily / November 14, 2023 /

    There is no doubt that with the advent of rising cremation in our society cemeteries are used less and less, as a percentage of all deaths,  by families as places of permanent memorialization.  However, there is still a large group of families that “do” select a space in a cemetery for the permanent…

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Carriage Services sees Revenue increase, Net Income decrease for 3rd Quarter comparables

By Funeral Director Daily / November 13, 2023 /

      Carriage Services reported 3rd Quarter 2023 financial numbers last week in their 3Q 2023 Report that you can access here, and in that report they showed Total Revenue growing to $90.5 million for the quarter and Net Income dropping to $4.6 million for the same period.   That compares to 3Q 2022…

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Will the “tailwinds” soon be back for death care M&A activity?

By Funeral Director Daily / November 9, 2023 /

  Going back to this August article from Donnelly Financial Solutions they believe that merger and acquisition activities were low earlier in 2023 because, at least in part, “Rising interest rates made it unappealing to borrow money. Inflation shifted company focuses elsewhere.  (and) Global volatility also swayed companies to press pause on M&A activity.” Nonetheless,…

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“Both Sides Now”

By Funeral Director Daily / November 7, 2023 /

      When I served on the Board of Regents for the University of Minnesota it was the first and only board representing the citizens of my state that I had the privilige to govern on.  With that privilige I also felt a huge obligation to make sure that I heard “both sides” of…

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Service Corporation 3Q: Regaining their revenue footing. . . .potential challenges ahead

By Funeral Director Daily / November 6, 2023 /

  Service Corporation International (SCI) reported their 3rd Quarter of 2023 financial results last week.  While their cumulative 6 -month report had revenues lagging behind the 2022 comparables, the 3Q 2023 report shows revenues increasing by 2.5% over the 3Q 2022 numbers — the 2nd consecutive quarter of increased revenue comparables.  SCI pulled in total…

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British preneed company being investigated for fraud

By Funeral Director Daily / October 27, 2023 /

  Trust is hard to earn. . . .and many times, harder to keep.   Any business that promises a service at a later date in return for a payment now comes under scrutiny by almost everyone.  However, most businesses that are conducted that way have a horde of government regulations that keep consumers safe.…

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Consistency?, Price?. . . .what are the consumers looking for?

By Funeral Director Daily / October 26, 2023 /

      When you get to be my age you have many of your friends’ parents passing away.  One of the things I’ve noticed about that is when the 2nd parent dies the family almost always uses the same funeral home that they used for the first death.  That’s not surprising — it’s what…

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Indigent funerals and funeral home owner benevolence

By Funeral Director Daily / October 25, 2023 /

  I live in America which is a representative democracy with the freedom for individuals to attain through education, hard work, creative enterprise, investment, and sometimes just plain luck the ability to gain and collect more resources than others.  To that same end, the country offers no guarantee that your work and life will end…

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Matthews International. . . its history and its business

By Funeral Director Daily / October 23, 2023 /

A recent article in Smart Business Pittsburgh magazine featured the Death Care conglomerate Matthews International.  Matthews is known in Death Care from Matthews Memorialization which includes the ability to supply to funeral homes and cemeteries products such as caskets, cremation equipment, and cemetery markers among a host of products.   The article, which you can…

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Titan Casket names “Brand Ambassador”

By Funeral Director Daily / October 19, 2023 /

  Titan Casket isn’t your normal funeral supply company.  They are a little edgy and they take their case directly to the consumer, although they have a program for funeral homes to partner with them, too.  They aren’t afraid of stepping on a few historical funeral toes.   In one way, however, they are not…

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