public funeral companies
This morning we noticed a news release from Market Exclusive that you can see here pertaining to a K-1 filing from Carriage Services. The filing informed the public that effective June 26, 2020, President and Chief Operating Officer William W. Goetz had resigned from those positions at Carriage Services as well as had resigned from…
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 MoreLast week Matthews International, a multi-faceted United States public company based in Pittsburgh, Pennsylvania, reported 3rd Quarter results for their fiscal year which will end on September 30. The 3rd Quarter results are for the period ended June 30 and you can read the Matthews press release about the financial report for the 3rd Quarter…
Read MoreIn a press release out of Park Lawn Corporation headquarters in Toronto, Ontario, today, the company announced that it had acquired the assets of two-location funeral business John L. Ziegenhein & Sons Undertaking, Inc. According to the press release that you can read here, the Ziegenhein Funeral Homes were acquired for a purchase price of…
Read MoreUtah based Security National Financial Corporation issued their 2018 financial results earlier this month and you can see a statement from them here. The company announced a company wide increase in revenues of 1% to over $279 million. In addition, SNFC announced that their after-tax earnings from operations jumped over 53% from about $14 million…
Read MorePark Lawn Corporation, the Toronto based cemetery and funeral home consolidator announced last week that they had reached an agreement to purchase Madison, Wisconsin based Cress Funeral Service for US$ 20.3 million. You can read a press release from Park Lawn here. Park Lawn, in their press release, makes these statements: The price to be…
Read MoreDeath care public company and industry leader Service Corporation International announced 3rd Quarter results yesterday and with the announcement came earnings news of $0.37 per share for the quarter compared to $0.29 per share in the same quarter one year ago. Total revenues, which include acquisitions, are up for the quarter to over $778 million…
Read MoreLast week public market funeral home and cemetery operators Park Lawn Corporation and Carriage Services made announcements about their dividends to stockholders going forward. In an article that you can read here Park Lawn Corporation announced that they will be paying a monthly dividend in November of $C 0.038 per share – which on an…
Read MoreThe second and third largest funeral home firms in Spain are considering a merger according to this article from Reuters. Santa Lucia’s subsidiary Albia and Mapfres’ subsidiary Funespana are the number two and three in funeral services in the country and are contemplating teaming up to become a company that would do about $229 million…
Read MoreMatthews International reported its 2018 fiscal year 3rd quarter results last week. You can read the company’s press release and report here. As you may know the Pittsburgh, Pennsylvania based public company operates in three segments: Brand Solutions, Industrial Technologies, and Memorialization. Their Memorialization segment is what we are concerned with in the death care…
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