Park Lawn Corporation

Have investors lost faith in Death Care?

By Funeral Director Daily / December 4, 2023 /

  If you are an investor — and with IRA’s and 401K plans virtually everyone is in today’s world — the month of November 2023 gave you reason for optimism.   After a couple of sluggish years of investor equity growth there now seems to be a light at the end of the tunnel with…

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Park Lawn 3rd Quarter sounds familiar

By Funeral Director Daily / November 15, 2023 /

    Last week Park Lawn Corporation reported their 3rd Quarter 2023 financial results.  Much like we found with Carriage Services, we found that Park Lawn Corporation (PLC) was able to increase total revenues but struggled to turn those increased revenues into greater Net Income for the quarter.   PLC reported a quarterly revenue increase…

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Park Lawn/Everstory Partners agree on properties sale

By Funeral Director Daily / October 18, 2023 /

    Park Lawn Corporation announced yesterday in this press release that they have reached an agreement to sell at least 83 death care properties, consisting of 72 cemeteries and 11 funeral homes to Everstory Partners, the new brand of the former StoneMor company.   Here’s what the press release states:  “The divestiture includes 72…

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Seeking Alpha gives positive review of Park Lawn Corporation

By Funeral Director Daily / October 11, 2023 /

    In an article that was published on October 1, and I’ll remind our readers that was before Park Lawn Corporation (PLC) had publicly withdrawn its $34 per share offer for Carriage Services, Seeking Alpha authors gave a positive review of Park Lawn Corporation.   The article, which you can read here is entitled,…

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Carriage Services affirms that it is continuing its “Review of Strategic Alternatives to Maximize Shareholder Value”

By Funeral Director Daily / October 6, 2023 /

    On Wednesday Funeral Director Daily told you of the Tuesday, October 2, press release of Park Lawn Corporation stating that it was withdrawing its all-cash offer to purchase all of the outstanding stock of Carriage Services.  It also mentioned that it had declined to participate any further in Carriage Services’ “Review of Strategic…

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Park Lawn withdraws Carriage Services offer

By Funeral Director Daily / October 3, 2023 /

  Yesterday Park Lawn Corporation issued a press release stating that “it has declined to participate further in Carriage Services, Inc.’s (NYSE: CSV) (“Carriage”) previously announced strategic review process and that it has withdrawn its all cash proposal to purchase the outstanding stock of Carriage.”   The press release which you can read here also…

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Park Lawn Corporation discussed in Seeking Alpha article

By Funeral Director Daily / September 20, 2023 /

  Part of our mission at Funeral Director Daily is to help the individual funeral home owner or operator understand all facets of their business better and in more depth so that they have the knowledge to make decisions moving forward.  In my 35 years of owning and operating a funeral home I tried to…

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Park Lawn adds to Sioux City locations

By Funeral Director Daily / September 5, 2023 /

      It was back in March 2023 when Funeral Director Daily published this article about Park Lawn Corporation (PLC) acquiring the Meyer Brothers Funeral Homes’ five locations in the state-line cities of Sioux City, Iowa, and South Sioux City, Nebraska.  According to a press release from Park Lawn Corporation the acquisition added five…

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Park Lawn 2Q 2023: Revenue, Revenue per Service up, Net Earnings down. . . announces additional acquisition

By Funeral Director Daily / August 14, 2023 /

      There is a lot to be digested when you look at Park Lawn Corporation’s (PLC) 2nd Quarter Earnings Release and their Earnings Call transcript which were made public last week.  Much like the quarterly reports from SCI and Carriage Services, Park Lawn was able to increase revenues, but like their counterparts, it…

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Park Lawn Corporation makes offer to acquire Carriage Services

By Funeral Director Daily / June 30, 2023 /

      The world of Death Care has once again proved pretty small.  In what was supposed to be a confidential offer, Park Lawn Corporation has confirmed, according to this Yahoo Finance article, that they have recently made a buy-out proposal to Carriage Services.   And, Carriage Services, in this company press release, has…

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