Tag: public funeral companies

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

SCI’s CEO Tom Ryan on 2021 results, 2022 expectations

Recently Service Corporation International (SCI) reported on their 2021 financial results.  As is customary, SCI’s top officers then took part in a discussion with financial services analysts on the results and other thoughts as how they relate to the company moving forward.  You can see a transcript of that discussion here. What we have done for you at Funeral Director Daily is condensed those remarks in this article.  We’ve tried to highlight what SCI’s CEO Tom Ryan mentioned in the […]

Finance

Retail death care stocks lead the run-up

On Friday the Dow Jones Industrial Average (DJIA) set a new record high by closing at 35,677.  On January 1, 2021, the DJIA stood at 30,606 so that high on Friday indicates a 16.6% increase year to date for 2021.  That’s pretty impressive. . . . and the NASDAQ closed Friday up 19.1% year to date and the S & P 500 index also closed on that date with a 20.9% increase year to date. Pretty impressive. . . but […]

Finance

Seeking Alpha adds commentary on SCI as an investment

Recently we found this article written by Daniel Jones for Seeking Alpha.  In the article he brings out the pros and cons of an investment in Service Corporation International. One question that he asked in the article when considering that Service Corporation International has greatly increased its gross revenues is this, “On its face, all of this (Revenue) is great. But a legitimate question is how much of this is attributable to an aging population that will continue to serve […]

Finance

Security National keeps growing revenues

Security National Financial Corporation (SNFC) continues to reel in the revenue in each of their three divisions according to this press release from mid-May containing their 1st Quarter 2020 results.  The Utah based company conducts business in the death care field both in the financial services realm and the funeral and cemetery services realm. In the financial services sector SNFC is involved with preneed funeral insurance and insurance assignment business with participating funeral homes.  They also conduct business with their […]

Finance

Park Lawn’s CEO Brad Green comments on the labor market, acquisitions, preneed, and revenue per case

Park Lawn Corporation (PLC), the Toronto based funeral home and cemetery operator released First Quarter 2021 results last week.  As expected the results were very strong as deaths from the pandemic in those months, especially January, continued to be high.  Park Lawn Corporation’s net revenue grew about 26% to over $89 million for the quarter. Probably more interesting, however, was CEO Brad Green’s comments on the labor market, acquisitions, preneed, and revenue per case.  In the press release from PLC, […]

Finance

Security National posts 70% increase in year over year revenues

Security National Financial Corporation (SNFC), the Utah based company with segments in the preneed insurance, funeral home assignment, mortuary, and cemetery business, released their 4th Quarter of 2020 and Year End 2020 results last week.  The first line from that press release which you can read here, states, “For the twelve months ended December 31, 2020, SNFC’s after-tax earnings from operations increased 410% from $10,894,000 in 2019 to $55,597,000 in 2020, on a 70% increase in revenues to $481,463,000.” To […]

Finance

Great Britain’s Dignity plc reports 2020 results. . .digital marketing important and growing

Great Britain’s largest purveyor of death care services, Dignity plc, reported their results for 2020 last week in a very comprehensive report.  The results show increased revenues on more death calls, but because of choices made in taking financial impairments on goodwill and trade names it is difficult to get actual year over year comparables. However, the report is very comprehensive and gives great insight to what is happening in the cremation markets, the direct cremation markets, and, quite frankly, […]

Finance

Carriage Services reports 2020 year. . . shows the trends

In a press release that you can read here you can find out that Houston, Texas, based funeral home and cemetery consolidator Carriage Services recorded record results not only for the 4th Quarter of 2020 but for the full year of 2020 as well.  Not only did Carriage Services record these record financial results, they exceeded the 2022 plan that they had set in their five year milestones only a year ago. In essence they passed that 2022 goal two […]

Finance

Park Lawn reports 3rd Quarter. . . .continued growth

Park Lawn Corporation (PLC), the funeral home and cemetery operator, with headquarters in Toronto and Houston, announced their 3rd Quarter 2020 results last week.  As a growth company, they continued to exhibit those traits — with revenue for the quarter growing to $83.7 million from last year’s 3Q revenue number of $66.5 million (all dollar amounts, unless otherwise indicated in this article are in Canadian dollar denominations).  That’s an increase of over 25% on the top line. You can access […]