Tag: sci

Afternoon Edition

How some in the secular financial world see Death Care. . . interesting articles

I like to stay abreast of what is happening in the world of finance.  And, even though I like to stay in my lane about what I know, over the years I probably bought a stock or two in a company where I didn’t really know the inside out of how the company made its profits. I also like to think that I know the business of Death Care somewhat and understand most of the roads to profitability.  I ‘ve […]

Finance

Schoedinger and their 10,000 calls soon to be controlled by SCI

News broke late last week that the Schoedinger Funeral & Cremation Service, based in Columbus, Ohio, has entered into a sale agreement with Service Corporation International (SCI) of Houston, Texas.  According to this article from the Columbus Dispatch, SCI’s closing on the ownership interest will happen this week. Schoedinger, founded in 1855 and in its 6th generation of family service is known to handle about 10,000 calls per year when combining their businesses for both humans and pets.  They operate […]

Finance

SCI’s 3Q Report continues solid run

Service Corporation International (SCI), the largest funeral home and cemetery operator in North America reported their 3rd Quarter 2021 financial results on Wednesday.  You can see them for yourself here. Here’s some of what Tom Ryan, Service Corporation’s CEO said of the 3Q 2021 results, “Today we are reporting another strong quarter with earnings . . . . .growth in adjusted earnings per share is primarily driven by significant increases in the revenues and gross profits of both our funeral […]

Finance

Zacks Research previews SCI earnings report

We found this report, dated October 21, interesting from Zacks Equity Research.  Here’s an interesting couple of lines from the report. . .”SCI is likely to display year-over-year declines in the top and bottom lines, when it reports third-quarter 2021 numbers on Oct 27. The Zacks Consensus Estimate for revenues is pegged at $800 million, suggesting a drop of 12.9% from the prior-year quarter’s reported figure.” Service Corporation International is expected to report 3rd Quarter earnings on October 27 (tomorrow). […]

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 […]

Business Regulations

“Big Funeral” and some thoughts on “Universal Death Care”

The funeral profession has long had its critics.  Those of us in the profession have to understand that and know that from time to time we are going to be broadsided by those critics’ calls for change. Recently this article entitled “How ‘Big Funeral’ made the afterlife so expensive” was published in Wired.  It’s a good, if not one-sided, article that starts off by saying this, “You can’t die these days because it’s too expensive“.  It goes on to say […]

Finance

Park Lawn Corporation adds acquisition

It was announced last Friday that Park Lawn Corporation had acquired the Malcolm, Deavitt & Binhammer Funeral Home Limited.  The one building standalone funeral home is located in Pembroke, Ontario. The funeral home, according to this press release from Park Lawn Corporation, “performs approximately 153 calls per year.” Here’s what J. Bradley Green, Chief Executive Officer of Park Lawn said about the transaction, “This is an excellent opportunity for Park Lawn to expand its footprint in Ontario as we continue […]

Afternoon Edition

Funeral Director Daily top read stories in the last month

It is already past the 15th of the month when we highlight and replay for you our top read stories of the past 30 days.  While we hope you read all of Funeral Director Daily’s blog posts we also realize you are busy and certainly will miss some days.  Here are our most read posts from July 15 to August 15. In addition to the stories we wanted to thank our readership for giving us our highest total in history […]

Finance Preneed

SCI sees 2Q 2021 Revenue per Service jump over $600 per case

Earlier this week the largest funeral home and cemetery operator in North America, Service Corporation International (SCI), revealed their results for the 2nd Quarter of 2021.  It was a much anticipated report as it would mark a comparison with the 2nd Quarter of 2020 when the Covid-19 pandemic was flourishing and funeral homes and cemeteries were operating in a much more difficult and different world. As you might expect SCI’s “comparable funeral services performed” dropped 6.0% to 84,449 cases as […]

Finance

An opinion from Seeking Alpha on Service Corporation International

Yesterday, July 19, Seeking Alpha published a pretty in-depth investment article from Livingston Investments on funeral home and cemetery operator Service Corporation International.  The article is entitled, “Service Corporation International:  Crisis reslient business with a premium to fair price”.  You can access the article here. There was a couple of statements in the article that caught my eye: “Significant revenue growth was driven by the temporary impact of the coronavirus” “We have determined that the company’s weighted average cost of […]