Tag: Park Lawn Corporation

Finance

Funeral Stocks Announce Dividends

It may be Presidents’ Day today, but at Funeral Director Daily it feels a little more like Finance Day.  We have already let you know about Carriage Services 4th  quarter and year end results and on how their stock fared on Friday after the announcement. We just came across a little bit of finance information that we thought it better to include today rather than wait for tomorrow – when the ticker prices will be different.  Last week three of […]

Finance

Death Care Index Slides in January

The Funeral Director Daily Death Care Index (DCI) dropped roughly 2% for the month of January in contrast to the Dow Jones Industrial Average which recorded a 5.79% gain.  The DCI, a composite total of eight death care industry public stocks, stood at $290.78 at the close on January 31 in comparison to its mark of $296.15 coming into 2018. There is no doubt. after observing death care industry stocks for sometime, that they do not move as an industry, […]

Finance

Death Care Index Finishes 2017 Flat

In a year when the stock market has been tremendously rewarding to those that were invested in it, the Funeral Director Daily Death Care Index (DCI) of public companies in the industry did not fare near as well.  For the year from January 1, 2017 thru December 31, 2017, if you were invested in the S & P 500 Index you earned a return over 19%, if you were invested in the Dow Jones Industrials you earned a return of […]

Finance

Park Lawn Corporation Resets Credit

Park Lawn Corporation, the funeral industry consolidator out of Toronto, Canada, announced yesterday in this press release that they have obtained additional credit facilities which will poise them for further growth.  The company announced a $125 million facility with the National Bank of Canada as the lead lender and participation from the Bank of Montreal and Toronto Dominion Bank.  The credit is arranged as follows: $75 million in committed credit $50 million in accordian credit All under a 5 year […]

Finance

Park Lawn Reports 3Q Results

Park Lawn Corporation today released the results of their 3rd Quarter operations.  The company reported that their revenue increased by over 29% to a $22.4 million mark in 3Q 2017 as compared to $17.3 million in 3Q 2016.  All dollar figures are reported in Canadian dollar figures. The company had several one time non-recurring expense items that contributed to a loss of of $171,116 for the 3rd quarter of 2017 as compared to a net income in 2016 of $749,000.  […]