Tag: sci

Afternoon Edition

Weekend edition: Wilbert Vault fire, Bukala retiring, SCI increases dividend and more

As we head into the weekend we thought we would catch you up with some information that is both of interest to our readers, but sometimes hard to catch as you are busy in your daily work and don’t have time to check out death care information as we do. . . . but that is our goal here — to bring you information in a click so that you don’t have to search for it. This article, with photos, […]

Finance

SCI’s Tom Ryan and others discuss SCI’s 3Q Earnings Report

Service Corporation International (SCI) sometimes takes shots from others in the industry simply because of their size.  Being the largest in any business category simply makes you an easy target. Being the largest also means you need great leadership to get on top and eventually stay there. SCI reported record revenues and earnings in the past quarter and, while that could be something to really crow about, at Funeral Director Daily we recognize SCI’s President Tom Ryan as one of […]

Finance

Service Corp 3Q revenue rockets up

Service Corporation International (SCI) 3rd Quarter 2020 revenue jumped almost 20% (19.37% actual) over the same period from 2019.  In a statement issued yesterday, October 28, here is what SCI’s President and CEO Tom Ryan said of the results: ” . . . the impact of COVID-19 has increased the number of funeral services performed as well as the number of burials in our cemeteries. As community restrictions lifted over the last few months, we have experienced unprecedented growth in […]

Finance

Earnings season on its way: Zacks on Service Corp

If you watched the stock market last week you would see that it bounced around a little bit.  That happens all the time dependent on world events and the business environment, but also four times per year we get in a period where public companies report the business results for the past three month period.  And, we are in that period right now. Funeral Director Daily will follow those reports as they come out and the first company to report […]

Cemetery

Which side of the issue are you on

I don’t think that there is any doubt that at one time we viewed cemeteries as a “place for the dead”.  However, you could argue that over the years, while cemeteries still carry the reverence of places where we lay our loved ones to rest, they have become not only a place for the dead, but a “place for the living” also. I point that out as, especially urban cemeteries, have become places to walk a dog, to hold yoga […]

Finance

Zacks looks at the funeral industry, an update on the DCI

Last week Vrishali Bagree of Zacks presented an article that appeared on Nasdaq.com.  It was entitled “Rising demand keeps funeral industry going:  Four stocks to watch”.  You can read that article here. In essence the article tells that the Zacks Funeral Services industry is housed within the broader Zacks Consumer Staples sector.  According to the article, Zacks ranks 250 different industries and the Funeral Service industry ranks quite high at #25. Zacks also says this about the Funeral Services industry,  […]

Business Preneed Regulations

Weekend Edition: SCI receives economic development aid, a difference of opinion in Winnipeg, a preneed ratings downgrade

It is somewhat unbelievable to me how fast we have moved from Memorial Day to Labor Day, but here we are.  Among the American debate, many schools are opening, the election is soon here, and the one constant is that those in the funeral profession continue to give comfort and guidance to those in need. Today’s edition brings you three features including plans by Service Corporation International to greatly expand its New Orleans based accounting operations, a funeral home owner […]

Cremation Products

The two Nike guys out to disrupt the death care industry

I came across this recent article from Seed Investor entitled “Solace co-founder David Odusanya on the impact of COVID-19”.  The article intrigued me, not because of the COVID-19 fact, but because I knew that Solace was the company founded in Portland, Oregon, by two Nike executives to enter the low-cost direct cremation market. According to the company web-site, Solace provides direct cremation with “Concierge Level Support” thru Solace Care Teams for $895. The death care space has historically been won […]

Finance

Technical difficulties, Seeking Alpha opinion on Service Corporation

To our readers:  Before we get into our feature article of the day I want to apologize to readers who did not receive distributed copies of Funeral Director Daily last Wednesday and Thursday.  Unfortunately, we ran into issues where we simply outgrew our former distributor of Funeral Director Daily emails, Twitter, and Facebook postings.  The growth is good, however, we were not prepared for this happening and so I apologize to our readers for the problem.  There were three articles […]

Afternoon Edition Preneed

Afternoon edition: Forbes offers Preneed advice to consumers

In this day and age it seems that when you are reading a newspaper or watching television for the news, it is not only enough to read or watch, but you may find it necessary to know the political persuasion of the entity presenting the news to get an accurate read on it.  You have certainly learned that there is a different slant to the offerings of MSNBC as compared to Fox News or that there is a difference of […]