Tag: Park Lawn Corporation

Finance

Park Lawn Corporation adds to Kansas City cluster

It was announced in a recent press release that you can access here that funeral home and cemetery operator Park Lawn Corporation (PLC) has made another acquisition in the greater Kansas City market.  Just this week they have announced that they have acquired substantially all of the assets of the aptly named Park Lawn Funeral Home and Memorial Park Cemetery & Green Lawn Cemetery as well as the Park Lawn Northland Chapel and Glenridge Cemetery. The move will expand the […]

Finance

Death Care Index mirrors NASDAQ on the year

As we move into the final month of the calendar year it seems like no one has the financial markets figured out.  In a year of rising inflation and rising interest rates, raised with the intention of curbing the inflation, the stock market indices have looked confused as to whether the worst is past or is yet to come.  The major indices have all dropped on the year — from a 5.7% loss year-to-date for the Dow Jones Industrials to […]

Afternoon Edition

Park Lawn Corporation adds 1,000 call acquisition

In a press release made public on the heels of the company’s 3rd Quarter report, Park Lawn Corporation (PLC), with headquarters in Houston, Texas, and Toronto, Ontario, announced that they had acquired the Schrader, Aragon & Jacoby Funeral Home, Mountain View Memorial Park, and Bustard & Jacoby Funerals, Cremation, Monuments and Receptions of Cheyenne and Casper, Wyoming.  The press release, that you can read here, was made public on Monday, November 13. It was announced that the transaction is expected […]

Finance

Park Lawn Corporation reports 3rd quarter — mixed results

The 3rd Quarter of 2022 has shown a trend of less deaths than the comparable 3rd Quarter of 2021.  As a matter of fact, as you can see from this report from the Center for Disease Control (CDC), provisional deaths for 3Q 2022 numbered 751,497 as compared to 874,495 in the same quarter of 2021.  That’s a decline of 14.1%. And, that decline in deaths has resulted in a decline in revenues for public company death care companies.  However, Park […]

Finance

Park Lawn announces another acquisition

  Just yesterday we learned that Park Lawn Corporation announced the acquisition of the assets of Muehlebach Funeral Care, Skradski-Pierce Funeral Home, and Assurance Cremation Society.  All are located in Kansas City, Missouri. The acquisition of the three firms will add approximately 627 calls and $616,000 in adjusted EBITDA annually to Park Lawn Corporation’s financial resources according to this press release from Park Lawn Corporation. Here’s what Park Lawn CEO J. Bradley Green said about the transaction, “We are pleased […]

Finance

Park Lawn adds three Colorado firms to its business

We learned last week that Park Lawn Corporation, the publicly traded funeral home and cemetery company, added three firms located in Colorado to its group of locations.  In this press release you can learn about the acquisition of Ertel Funeral Home and Crematory, Taylor Funeral Home, and Brown’s Cremation and Funeral Service. Park Lawn Corporation announced in the press release that these businesses represent five stand-alone funeral facilities and one on-site fuenral home and cemetery.  They also announced that the […]

Finance

Death Care Index falls, trails market indexes on the year

I had planned this article subject for this date simply because we have now finished the 2nd Quarter reports for all seven death care related companies that comprise the Funeral Director Daily Death Care Index (DCI). I hesitated, but then continued to move forward with this report on the public death care companies in spite of pretty negative news from the Jackson Hole economic summit which brought the markets quite a bit south on Friday. I’ve often felt that when […]

Finance

It’s a common theme — Park Lawn reports higher sales, lower margins in 2Q 2022 report

Park Lawn Corporation (PLC) reported their financial results for the 2nd Quarter of 2022 (April thru June) last week and their report was like many others we have seen  — higher revenues, lower margins.  You can see the press release here. For the quarter PLC reported Net Revenue of $75.9 million as compared to last year’s 2nd Quarter Net revenue of $72.0 million — a 5.4% increase.  That increase, however, relied on new acquisition revenue because revenue from “comparable operations” […]

Finance

Park Lawn makes earning season splash with large aquisition

Park Lawn Corporation announced yesterday in this press release that they have acquired substantially all of the assets of the Schackelford Corporation based in Western Tennessee.  The Schackelford Corporation encompasses a fifth-generation company that has served Western Tennessee for 90 years.  According to the press release the acquisition includes eight stand-alone funeral homes, two stand-alone cemeteries, and one on-site funeral home and cemetery. The release also indicates that the acquisition will bring an approximate 1,577 calls per year and 152 […]

Finance

Park Lawn makes acquisition, enters the state of Virginia

This press release issued last week by Park Lawn Corporation (PLC) will tell you of their acquisition of Farris Funeral Service, Inc. and Affiliated Service Group, Inc. (collectively known as “Farris”).  The businesses acquired include one stand-alone funeral home and one on-site funeral home and cemetery located in Abingdon, Virginia. Here’s what Park Lawn Corporation CEO J. Bradley Green said of the transaction, “We are excited to continue our strategic growth in the southeast by entering into the Virginia market […]