Tag: funeral industry

Finance

Carriage Services – Behind the Numbers

You only have to read the first page of Carriage Service’s press release, which you can read here, to understand that CEO Mel Payne was not thrilled with Carriage’s 2nd quarter numbers.  The third paragraph of the release states, “We have complete confidence that our operating leadership is effectively dealing with the revenue and margin challenges in our funeral portfolio and that we will experience broadly higher performance during the latter part of the second half of the year compared […]

Finance

Moody’s Upgrades Hillenbrand Debt Rating

In a release dated July 19 that you can read here, investor’s service Moody’s upgraded the debt rating of public company Hillenbrand Industries from a Ba1 to a Baa3.  They also noticed that the outlook of the company going forward is “Stable”. Hillenbrand Industries is the owner of U.S. casket manufacturer market share leader Batesville Caskets.  Pertaining to Batesville directly, the report states, “. . the largely predictable Batesville segment (35% of revenues), which is declining slowly but has high […]

Finance

Park Lawn makes British Columbia Purchases

In a news release provided by Park Lawn Corporation that you can read here, the company announced on July 5, 2018, that they are purchasing the Hanson Arbor Funeral Chapels in the Okanagan Valley of British Columbia.  The purchase will bring four funeral homes and a crematorium into the Park Lawn family. The release also stated that the purchase price was within Park Lawn’s publicly stated targeted EBITDA range. The release also states that Park Lawn Corporation and its subsidiaries […]

Finance

Park Lawn Corporation Sets Dividend

Last Thursday, March 22, Park Lawn Corporation announced its March monthly dividend.  The company retained the dividend at $0.038 per month which figures out to a yearly dividend of $0.46 per share. Park Lawn’s stock closed last Friday at $26.60 per share leading the dividend to pay a yield of 1.7%.  That stock price compares to a price of $22.85 at the end of calendar year 2017 – an increase in value of 16.4% in that time period. Park Lawn […]

Finance

StoneMor Shakes up Executive Suites

On Friday StoneMor Partners issued a press release that you can read here.  In it they announced that current CEO Paul Grady would be leaving and would be replaced by Leo Pound, who has been a director of StoneMor since 2014 and was previously their acting Chief Operating Officer.  According to the release, Pound is an experienced executive with a focus on increasing customer and shareholder value. StoneMor also announced in the same release that death care industry executive Jim […]

Finance

Wiggins De Oliveira Opines on StoneMor Partners

  I get a lot of feedback on Funeral Director Daily and I understand people follow the site for many reasons.  One of the most common things I hear is that readers enjoy updates on what the public companies in the death care industry are doing. So, I’ve decided that when I find an article – whether an opinion article or a factual article – that I believe many readers would like to read, I will just post it on […]

Finance

StoneMor Partners Reports 3rd Qtr 2017

We’ve said before that 2017 was an unusual year for StoneMor Partners, LP in that they had some key executives leave or retire and, probably partly because of that and an accounting review, they delayed their reporting to the Security and Exchange Commission.  They have been working hard and on January 26, 2018, the company released its 3rd Quarter report – which gets the company up to date, as of the end of their 3rd quarter end of September 30, […]