Tag: funeral public companies

Finance

Carriage Services reports 2020 year. . . shows the trends

In a press release that you can read here you can find out that Houston, Texas, based funeral home and cemetery consolidator Carriage Services recorded record results not only for the 4th Quarter of 2020 but for the full year of 2020 as well.  Not only did Carriage Services record these record financial results, they exceeded the 2022 plan that they had set in their five year milestones only a year ago. In essence they passed that 2022 goal two […]

Finance

Carriage Services reports 4th Quarter and Year End 2019

  Last week funeral service and cemetery consolidator and operator Carriage Services, based in Houston, Texas, reported 4th Quarter and Year End results for 2019.  They also provided commentary on how they believe that the company will move in the next three years.  I will provide some factual information in this report but also my opinions.  Please note I am not a stockholder in Carriage Services at this time. You can access their February 19 press release related to earnings […]

Finance

BOOX Research rates SCI as “underperform”

BOOX Research provided an article to Seeking Alpha about Service Corporation International (SCI) that you can read here.  It’s important to note that this is only one article by one researcher, but their complex analysis ends up with a going forward rating on the public death care company of “Underperform”. The very first page of the ten-page report, complete with diagrams and graphs, states “While we think this is a good business with solid financials, we think much of the […]

Business

Australia. . . the harbinger of things to come?

The funeral and cremation profession in Australia is an industry that takes in about US $ 1.12 billion in revenue each year (all amounts in this article have been converted to U.S. values).  That’s only about 7% of the purported industry revenue of $16.3 billion that the United States death care profession reels in, however, it is enough to give a significant indication on what might be coming to the U.S. in the near future. The Australian industry, according to […]

Finance

StoneMor receives financing, completes asset review

Yesterday StoneMor Partners issued a press release which you can read here.  In it they “announced a number of key financial and operational updates representing further steps forward in its ongoing turnaround effort.  These steps include a waiver and amedment of certain loan covenants, growth financing from its largest investor and the completion of an extensive review of its asset base.” Financing – in the release StoneMor announced that its largest investor, Axar Capital, has agreed to a credit facilty […]

Finance

InvoCare stock being shorted

I just saw this article over the weekend and thought I would send it out.  It pertains to the stock of Australian death care leader InvoCare being shorted by many investors.  Being “shorted” means, in basic terms, that many investors believe that the share price will go lower. I thought it interesting in light of our article last week about funeral homes in Great Britain and the price cutting that is happening there.  I find the evolution of Great Britain […]

Finance

Security National’s Earnings almost Double

Security National Financial Corporation, a member of the Funeral Director Daily Death Care Index (DCI) of public companies recorded 3rd quarter 2018 after-tax earnings of $2.014 million as compared to last year’s 3rd quarter profits of $1.097 million.  You can read the company’s complete press release here. The company which operates in the Life Insurance, Cemetery/Mortuary, and Mortgage segments reported 3rd quarter revenues down from 2017 to $67.2m as compared to $71.8m.  The entire decrease in revenues came from the […]

Business

Business Monday

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 Partnership to a Delaware “C” Corporation.  According to the press release they have entered into a definitive agreement that will result in this newly created […]

Finance

Security National Financial Reports Quarterly Results

As we come to the end of the earnings reporting period for the public death care companies we give you the quarterly report for Security National Financial Corporation.  Security National is the Utah based public company that operates in three segments — insurance, cemeteries and funerals, and mortgages.  Funeral Director Daily is most focused on their cemetery and funeral group.  You can read their latest report here. According to the report, SNFC’s Memorial Cemetery and Mortuary group increased revenues for […]

Finance Preneed

Assurant Reports Higher Preneed Profits

Assurant reported their 2nd Quarter results last week.  You can read their report here. The worldwide conglomerate operating in the insurance and warranty business has one of its three business segments that operates in what they call “Global Preneed”.  That is the part of the company that we at Funeral Director Daily like to review. As an entire company Assurant reported operating profits of over $121 million for the quarter as compared to $90.5 million for the 2nd Quarter 2017.  […]