Tag: Invocare

Finance

InvoCare reports first half year. . . gives us a glimpse of future funeral home revenue sources

InvoCare, the largest public purveyor of death care services in Australia, reported their first half year results for 2021 recently.  The earnings call transcript, which you can access here, also gave some glimpses into the future of funeral service companies, at least in Australia. As you may know, Australia has had a severe lockdown during the Covid-19 pandemic.  The first half of 2021 eased those restrictions somewhat and that was partially the reason that InvoCare saw a 13% increase in […]

Finance Products

Online memorial startup Memories brings in over $30 million in funding. . . InvoCare invests $4 million

Online memorials seem to be one of the likeliest winners among potential start-ups in the Death Care space. . . . at least that is what it is looking like from the investment community.  According to articles that we link below it appears that over the summer months the Australian based Memories has raised over $34 million, which if in Australian dollars is still impressive as it equals about $25 million U.S. dollars. InvoCare, a public company and the largest […]

Business Finance

InvoCare talks of strategy reset

My own historical family businesses are a perfect example of the evolution of a business to fit the consumer and stay relevant.  Back in 1872 my great-grandfather arrived in the New World with a skill as a cabinet maker.  He set up shop and when people died family members approached him about building a coffin for the deceased.  The cabinet business evolved into two businesses, a furniture store and a full service funeral home.  As time went on, we became […]

Business Finance

Australian funeral homes fare much differently than U.S. counterparts

The COVID-19 pandemic during the year 2020 and how countries geographic location and national responses to the situation could not be more different than you see in recent publicly owned funeral home companies’ annual reports. We’ve reported on the results of the United States Service Corporation International (SCI) and Carriage Services both in the last week.  At the end of last week we received early data and results from the two largest public funeral home operators in Australia and New […]

Business

Taking a stand and doing the right thing. . . InvoCare and domestic violence

Sometimes it is difficult to take a public stand on an issue.  You might feel strong one way or another, but you know that taking a public stance could possibly hinder the amount of business that you do.  It is pretty evident in America right now that if you flew a Trump 2020 flag in your parking lot. . . you would show where you stand on the political side, but I would guess that it might cause some potential […]

Afternoon Edition

Heading into the weekend . . . .

It’s Friday and we are heading into the weekend preceding the Thanksgiving holiday.  With all of the death care companies reporting earnings reports in the last couple of weeks and our coverage of those we have a few articles that we feel our readers should have access to, yet we are not able to feature them in individual articles. So, here are some links that you can check out on your own this weekend. . . . .and they bring […]

Finance

Australia’s InvoCare pays US$ 36.4 million for pet cremation businesses

You can read this article from Australia’s Market Herald that announced that Australia’s largest human funeral and cremation provider finalized a deal to purchase two pet cremation business in the country for a combined price of US $36.44 million ($49.8 million in Australian dollars). We learned that last week, InvoCare, purchased Family Pet Care and Pets in Peace to add to its pet cremation brand, Patch and Purr, which it started in 2018.  According to the article, Family Pet Care, […]

Afternoon Edition

Afternoon Edition: Learning from down under and across the pond

You have heard me say many times that small funeral home operators can learn a lot from watching what the public companies are doing in the business.  I’m also of the opinion that those of us in North America can learn much from what our colleagues in Australia and Great Britain are doing. . .  .especially in that they seem to be ahead of their North American counterparts in how they service cremation client families in that ever growing segment […]

Finance

Propel Funeral Partners reports 9 months of 2020

Propel Funeral Partners, the Australian and New Zealand based operator of funeral homes and crematoria, reported last week that their revenue for the latest 9 month period had been AUS $ 85.0 million ($55.25 m in U.S. $) as compared to AUS $69.9 million (US$ 45.24 m) for the prior year.  That is a 22% jump in revenues for the company which owns and operates 129 locations that includes 31 cremation facilities and nine cemeteries. Nine month operating EBIDTA for […]

Business Finance

From the investment community: U.S. funeral costs, Australia funeral trends

To roll into the weekend we thought we would give you some food for thought in the funeral industry from almost 10,000 miles apart.  Our articles today come from the investment community in both the United States and Australia.  Both are good, well thought out articles that deal with the world of death care in their own countries. I’ve always been one to look at these type of articles which deal with the funeral business on a large scale and […]