funeral industry

Business Monday

By Funeral Director Daily / October 1, 2018 /

A lot happened at the end of last week in the Death Care industry and we will try to give you just a little idea of that as we catch up from over the weekend. StoneMor Partners, L.P. announced in this press release that they will be announcing a corporate transition from a Master Limited…

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Carriage Services – Behind the Numbers

By Funeral Director Daily / August 6, 2018 /

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…

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Moody’s Upgrades Hillenbrand Debt Rating

By Funeral Director Daily / July 23, 2018 /

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…

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Park Lawn makes British Columbia Purchases

By Funeral Director Daily / July 6, 2018 /

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…

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Park Lawn Corporation Sets Dividend

By Funeral Director Daily / March 26, 2018 /

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…

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StoneMor Shakes up Executive Suites

By Funeral Director Daily / March 5, 2018 /

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…

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Wiggins De Oliveira Opines on StoneMor Partners

By Funeral Director Daily / February 22, 2018 /

  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…

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StoneMor Partners Reports 3rd Qtr 2017

By Funeral Director Daily / February 7, 2018 /

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…

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