Park Lawn Corporation
A short time ago Carriage Services, the Houston, Texas, based funeral home and cemetery operator announced they would delay their First Quarter 2020 financial results so that they could also report cornavirus related April results and May trends. It is interesting to note that their First Quarter report that you can access here is titled,…
Read MoreWe last brought our readers an update on the Funeral Director Daily Death Care Index (DCI) on April 6, 2020, which represented values as of the close of business on Friday, April 3. As we tell national publications that call us about our DCI, it is not a scientific weighting of public companies in the…
Read MorePark Lawn Corporation (PLC), the Toronto based funeral and cemetery operator, issued a press release, that you can read here, on its First Quarter 2020 operations earlier this week. Highlights from that press release seem to be that the company increased its revenues from CAN $50.15 million ( US$35.6 million) in 2019 to CAN $73.98…
Read MoreOver the years I’ve often thought that the business of funeral and cremation care as a business is overlooked by those that teach or write of things happening in the business world. It is not everyday that Forbes magazine does an in-depth article on our profession. Last week, Forbes featured an article that you can…
Read MoreOn April 2 StoneMor Inc., the cemetery and funeral home operator based in Trevose, Pennsylvania, reported their 2019 year end financial results. StoneMor, who operates 90 funeral homes and 320 cemeteries in 27 states and Puerto Rico, is the 2nd largest funeral home/cemetery operator in North America by revenue. You can access the 2019 Year…
Read MorePark Lawn Corporation (PLC), the Toronto based funeral home and cemetery consolidator and operator, reported their 2019 financial results on Monday after trading hours. The company showed mixed results by increasing their revenue by 51% to $244 million (all dollar numbers are in Canadian dollars unless otherwise indicated) but only generating an additional 2.3% in…
Read MoreThose of us who have watched the markets over the last few weeks have seen a deterioration in the value of our private investment portfolios. What has happened in the broader market is also indicative of what has happened in the death care industry with the exception of StoneMor, Inc. and its stock and valuation.…
Read MoreMembers of the death care media were informed yesterday via press release that the CEO and Chairman of Toronto based Park Lawn Corporation (PLC), Andrew Clark, would be stepping down as Chairman and CEO of the company. You can read the press release here. The release quoted Clark as saying, “It has been a tremendous…
Read MoreEven though yesterday was the President’s Day holiday and the markets were closed across America, Service Corporation International took the opportunity to report their financial numbers for the 4th Quarter of 2019 and also for the Year End 2019. We will just report some of the numbers today and after we have a chance to…
Read MoreLast Friday the Park Lawn Corporation, headquartered in Toronto, issued this press release which confirms that they have completed an acquisition announced earlier in the year. The press release tells of the completion of the Nashville, Tennessee area acquisition which includes Family Legacy, LLC, a business with 12 locations. The acquisition also includes the membership…
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