Tag: Park Lawn Corporation

Finance

Seeking Alpha opines on Park Lawn Corporation

Last Friday when Funeral Director Daily published an article entitled “Is it time to buy funeral home stocks” unknown to us Seeking Alpha author Mat Litalien was publishing an article about Park Lawn Corporation.  It was entitled “Death and Taxes” and gives a synopsis of Park Lawn Corporation and he concludes his article by saying “For a stock like Park Lawn, management’s track record is an important factor in the company’s future success and the future looks bright for Park […]

Finance

Is it time to buy funeral home stocks?

Earlier this week I read this article from Yahoo Finance authored by Brian Sozzi.  The article is entitled “Consumers have to face that nasty inflation is here to stay for awhile”. The article goes on to mention that, at least in Mr. Sozzi’s opinion, skilled workers are too few in number to meet the needs of post-pandemic businesses and that is leading to wage inflation.  He doesn’t see a stop to that phenomena in the short term and for that […]

Finance

Park Lawn Corp sees increased revenue and earnings despite call volume dip

Last week Park Lawn Corporation (PLC) announced their 1st Quarter of 2022 earnings results.  For the period ended on March 31, 2022, the company increased their revenue 17.5% to $83.1 million as compared to the 1Q of 2021 when they reported $70.5 million in revenue.  The company also reported Net Earnings of $8.7 million in 1Q 2022 as compared to $7.7 million in 1Q 2021 — that’s a 12.9% increase.  You can access the Park Lawn Corporation 1Q22 press release […]

Finance

Wilbert, Park Lawn make acquisitions

We’ve mentioned that many death care companies are intent on growing and right now many seem to have the cash-flow to fuel those acquisitions that lead to company growth.  Just last week Wilbert, Inc. announced an acquisition of a molding and finishing manufacturer who produces casket hardware, automotive/transportation components, and other consumer products. On the same day of that acquisition announcement, Park Lawn Corporation, a public company involved in Death Care mainly in the consumer funeral and cemetery businesses, announced […]

Business Finance

Recapping FY 2021 with the public companies

When you read this it will already be May 2022 and we will be two-thirds of the way into the 2nd Quarter of most company’s 2022 business year.  As a matter of fact, the reports of January thru March have already started to roll out as Matthews International provided us information on the January thru March period just last week.  We will be reporting on that later this week. However, I was asked by some in the death care business […]

Finance

Park Lawn adds Mississippi operations

A press release from Park Lawn Corporation dated March 30, 2022, announced the acquisition of Chancellor Funeral Home and Garden of Memories located in Byram and Florence, Mississippi. You can access the press release here. The acquisition includes one stand-alone funeral home and one combination funeral home and cemetery operation.  The press release also states that the acquisition represents 383 death calls and 45 annual interments that are expected to generate about US $1.25 million in EBITDA. Here’s what Park […]

Finance

Death Care Index drops Year to Date in line with Indices

Since the first of the year there has been a lot in the news. . . . and news that is probably more consequential than other 75-day time periods over the last couple of years.  Let’s see. . . there’s been the Omicron variant, supply shortages, inflation, and the Russian invasion of the Ukraine.  On top of all of that in the United States, much of our financial picture depends on what the Federal Reserve Board will do with interest […]

Finance

Park Lawn Corporation reports Year End 2021 — Revenues grow, Acquisitions total $125 million, tell of 5-year aspirations

Park Lawn Corporation (PLC) the public company whose website tells of the company owning and operating 138 funeral homes and 135 cemeteries located in 16 states and 3 Canadian provinces, reported their 4th Quarter and Year End 2021 results last week.  And, like other public companies they were able to report success in almost all financial categories in 2021. For instance, for the 4th Quarter of 2021 PLC reported (in US dollars) revenue of $78.15 million in comparison with revenue […]

Afternoon Edition

Park Lawn enters state of Georgia with acquisition

Park Lawn Corporation (PLC), the Canadian based funeral and cemetery operator announced in this press release yesterday that they had entered the state of Georgia with an agreement to purchase the Ingram Funeral Home & Crematory located in Cumming, Forsythe County.  The press release stated that the acquisition is scheduled to close in December of this year. J. Bradley Green, CEO of Park Lawn Corporation, had this to say about the transaction, “We are pleased to continue to grow our […]

Finance

Park Lawn keeps rolling along, CEO Brad Green comments

Publicly traded funeral home and cemetery operator Park Lawn Corporation (PLC) released their 3rd Quarter 2021 results last week and CEO Brad Green said this in a prepared press release statement, “The third quarter exceeded our expectations, especially given the continued decline of COVID-19 deaths served by our businesses. Despite this, we saw an increase in the number of families that we served in our comparable businesses in both our funeral homes and cemeteries. Likewise, we continued to see an […]