Tag: public death care companies

Finance

Security National after tax earnings decline 121% in 3Q 2022

In the 3rd Quarter of 2022 earnings release for Security National Financial Corporation (SNFC) released earlier this week, Scott M. Quist, the company’s President stated, “2022 is continuing to be a challenging year for our Company due primarily to the dramatic rise in inflation and interest rates, and the dramatic fall in equity values. In the mortgage space, purchase transactions are down roughly 40% YOY and refinance transactions are down roughly 80% YOY. Equity values, as measured by the S&P […]

Finance

Carriage Services misses on earnings and revenues, announces acquisitions in the pipeline

Last week Carriage Services was the first death care related company to report its earnings for the March thru June 2022 period.  As you can see from this short article from Investors Observer, they missed the numbers in both categories – Revenues and Earnings – that the analysts had predicted for them to achieve.  Here’s a quote from Investors Observer, “The consensus among analysts for Carriage Services was for an earnings per share (EPS) of $0.82. The firm failed to […]

Finance

Dignity plc moves from loss to profit despite lower revenues

Dignity plc, Great Britain’s leading death care provider reported their results for the 2021 calendar year last week and in doing so reported a Profit before taxes of US $42.4 million as compared to a 2020 calendar year pre-tax loss of over US $25 million.  This positive swing was accomplished despite Revenue dropping about 1% to US $ 466.5 million from 2020’s US $ 471.5 million. You can see the Dignity plc 2021 operating results here. Even with profits moving […]

Finance

Matthews records record sales, casket sales drop off

Matthews International reported their 3rd Quarter 2021 sales recently and in doing so reported a record revenue for their 3rd Quarter (April-June) of $428.4 million, which is a 19.2% increase over the same period of 2020.  As you may know, Matthews International has three business segments, one of which is their Memorialization segment. The Memorialization segment of Matthews includes Matthews cremation and Aurora Casket Company as well as their cemetery memorial products division.  The segment recorded over 43% of total […]

Finance

Australia’s InvoCare makes another acquisition

It was announced last week that the largest provider of death care services in Australia and New Zealand would be making another acquisition. InvoCare announced last week that they would be purchasing Australian Heritage Funerals located in Toowoomba, Queensland.  According to an article and news video you can read and see here, the closing will be by the end of July. According to our information on InvoCare, they operate in Australia, New Zealand, and Singapore and have about 290 funeral […]

Finance

StoneMor Partners Reports Preliminary 1Q 2018

On November 1, 2018, StoneMor Partners issued a press release that you can read here which reported it’s financial results for the 1st Quarter of 2018.  That period covers the time period of January 1, 2018, until March 31, 2018.  As you may know, the company is moving from a Master Limited Partnership to a corporate structure and that, along with other issues, has caused financial information to be delayed. The company believes that the preliminary data shows that StoneMor […]

Finance

Carriage Services Reports 3Q 2018

After the markets closed yesterday funeral home and cemetery consolidator Carriage Services announced their results for the 3rd Quarter of 2018.  The company announced quarterly revenues of $64.2 million which was an increase of 5.2% over the same period of a year ago and a Net Income of $2.2 million – which is a decrease of 27.6% from the same period one year ago.  You can see the entire company press release here. Mel Payne, the company’s CEO mentioned he […]

Finance

A new image at StoneMor

We did not see a press release on such, but we recently noticed that StoneMor Partners has began using a new logo.  From our point of view it is appropriate as the company has had some rough times over the last couple of years with the stock price falling from the mid $20’s to Friday’s close of $4.95 per share.  During the time the stock fell the company also suspended their dividend to stockholders. Back in June StoneMor Partners took […]

Finance

Carriage Services – Behind the Numbers

You only have to read the first page of Carriage Service’s press release, which you can read here, to understand that CEO Mel Payne was not thrilled with Carriage’s 2nd quarter numbers.  The third paragraph of the release states, “We have complete confidence that our operating leadership is effectively dealing with the revenue and margin challenges in our funeral portfolio and that we will experience broadly higher performance during the latter part of the second half of the year compared […]

Finance

Carriage Services closes Senior Notes Offering

  Carriage Services, a publicly owned death care provider that according to its web-site owns and operates 178 funeral homes in 29 states and 32 cemeteries in 11 states, announced last week that they have closed a Senior Notes Offering and entered into a new Senior Secured Revolving Credit Facility.  You can read the company’s press release about this announcement here. According to the press release the proceeds from the sale of the notes will be used to repay its […]