Tag: public funeral home companies

Finance

Park Lawn makes earning season splash with large aquisition

Park Lawn Corporation announced yesterday in this press release that they have acquired substantially all of the assets of the Schackelford Corporation based in Western Tennessee.  The Schackelford Corporation encompasses a fifth-generation company that has served Western Tennessee for 90 years.  According to the press release the acquisition includes eight stand-alone funeral homes, two stand-alone cemeteries, and one on-site funeral home and cemetery. The release also indicates that the acquisition will bring an approximate 1,577 calls per year and 152 […]

Finance

StoneMor increases revenue in 2021, starts making acquisitions in 2022

StoneMor Inc. has been on a journey of what they term “Transformation” for the past few years.  That road has followed management changes, sales philosophy changes, property changes, work relation chnages(employees to contracted services in some instances), funeral home divestments, and now seems to be on the final stage of strategy. . . what appears to be strategic growth. According to this press release from last week which memorializes StoneMor’s 2021 4th Quarter and 2021 Year End results, the company […]

Finance

Carriage Services 1Q 2021 Revenues rise almost 25%

Carriage Services was the first of our public death care companies to report on their 1st quarter of 2021 (January thru March 2021 numbers) when they did so last week.  Even knowing that January 2021 had a high number of additional mortality in the United States because of the number of Covid-19 deaths, you have to look at the Carriage Services financials and be somewhat impressed. When the final mortality numbers come out as to additional Covid-19 related deaths that […]

Finance

Revenues, operating income pop for StoneMor. . . . 2020 year end report

In a report issued last week, StoneMor Inc. released its financial results for the 4th Quarter of 2020 and for the full-year of 2020.  Here’s what CEO Joe Redling said in the report that you can read here, “The groundwork that was laid with our transformation initiatives, allowed StoneMor to produce another very strong quarter financially, while weathering the surge in the COVID-19 pandemic. We saw 29% year-over-year revenue growth, driven by a strong sales performance including a 20% increase […]

Finance

StoneMor reports 3rd Quarter: Turnaround continues to move forward

A couple of years ago I looked at StoneMor and their operations and told readers that they should, if they had a StoneMor competitor in their market, look at a possible acquisition of that competitor.  Quite frankly, I was of the opinion that the way StoneMor was moving would probably lead to a liquidation and some of those businesses might be able to be purchased at the right price. However, while there has been some pain and some selected liquidation […]

Finance

Park Lawn acquires West Coast funeral business

Park Lawn Corporation, with headquarters in Toronto, Ontario, and Houston, Texas, announced in a press release on October 1, that they had reached an agreement to acquire Bowers Funeral Service Ltd. of British Columbia.  You can see the press release here. According to the press release, Bowers Funeral Service is a three location firm with locations in Salmon Arm, British Columbia; Golden, British Columbia; and Revelstoke, British Columbia.  The press release also mentions that this acquisition will “complement Park Lawn’s […]

Finance

Carriage Services’ Mel Payne “We went big, we went bold, we went long term”

We reported back in February on Carriage Services’ 2019 4th Quarter and their 2019 year end report.  We told you at that time we would be listening for their Earnings Call and would eventually report on that as well.  You can access the entire earnings call from this web page.  Here are some interesting comments from Carriage Services executives that we bring to you: From William W. Goetz, the newly hired President and Chief Operating Officer of Carriage Services on […]

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 […]

Finance

Park Lawn completes Signature Deal

At the close of business Monday, May 7, Park Lawn Corporation announced that it had completed its announced purchase of Signature Funeral and Cemetery Investments, LLC (the Signature Group) for approximately US$123 million.  You can read the press release from Stockhouse here. According to Park Lawn CEO Andrew Clark, “With the acquisition of Signature Group, we now have the team in place to build a consolidated and integrated US business platform. ” The release also states that Signature Group leadership […]

Finance

Service Corporation Reports 1Q 2018

It is earnings time for public companies and today we are reporting on what Service Corporation International reported in their 1st  Quarter report of 2018.  You can see their complete press release, including financial information, here. In essence, Tom Ryan, SCI’s CEO, made the following statements: “. . .earnings per share growth of 9 cents (to 47 cents total) or about 24% over last year. . .about half of this increase was. .  attributable to improved operating performance in our […]