sci

Propel Funeral Partners makes acquisitions. . . are acquisitions larger in general?

By Funeral Director Daily / February 23, 2023 /

    Last week North America’s largest funeral service company, Service Corporation International (SCI), announced in their 4th Quarter report “On the acquisition front, we had a very active fourth quarter investing $89 million in four separate transactions across the United States and Canada. These transactions added 14 funeral homes and 3 cemeteries, which included 3 combination locations.”   And…

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SCI 4Q Revenue and Year End Revenue lower than comparables

By Funeral Director Daily / February 17, 2023 /

    The largest funeral home and cemetery operator in North America, Service Corporation International, reported 4th Quarter 2022 and Year End 2022 financials earlier this week and one of the things we noticed is that quarterly and yearly revenue was less than 4Q2021 and less than Year End 2021.  However, that is not unexpected…

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Will “State of Mind” affect the acquisition market in 2023?

By Funeral Director Daily / January 25, 2023 /

  People from not only the United States, but from almost every country around the world have seen a whip-saw of economic conditions since the pandemic year of 2020.  It was a pandemic economy that saw the “stay at home” commerce of technology and furniture or home improvement sales grow by leaps and bounds and,…

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Death Care Index mirrors NASDAQ on the year

By Funeral Director Daily / November 28, 2022 /
WallStreet

As we move into the final month of the calendar year it seems like no one has the financial markets figured out.  In a year of rising inflation and rising interest rates, raised with the intention of curbing the inflation, the stock market indices have looked confused as to whether the worst is past or…

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Top-read articles for the past 30 days

By Funeral Director Daily / November 17, 2022 /

We’ve already passed the mid-point of November and that means that Funeral Director Daily will go back over the past 30 days and let our readers catch-up with the Top Read articles in that time period. And, we are happy to tell you that we seem to have passed a point where we now consistently…

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Park Lawn Corporation reports 3rd quarter — mixed results

By Funeral Director Daily / November 14, 2022 /

The 3rd Quarter of 2022 has shown a trend of less deaths than the comparable 3rd Quarter of 2021.  As a matter of fact, as you can see from this report from the Center for Disease Control (CDC), provisional deaths for 3Q 2022 numbered 751,497 as compared to 874,495 in the same quarter of 2021. …

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SCI reports 3Q revenue decline. . .CEO Ryan “These results significantly exceeded our expectations”

By Funeral Director Daily / November 4, 2022 /

North America’s largest business in the death care industry, Service Corporation International (SCI) reported their 3rd Quarter 2022 financial results earlier this week.  The results show a decline of about 5.5% in total revenues for the quarter as compared to the same quarter of 2021.  The 3Q 2022 revenue number was $977.7 million as compared…

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Service Corporation International opinion from Seeking Alpha

By Funeral Director Daily / September 23, 2022 /

Last week the Valkyrie Trading Society wrote an article for Seeking Alpha entitled “Service Corporation International:  Feeling minimal pressures”.  You can access the article here. Here are three take-aways from that article: The themes are that COVID-19 pulled forward mortality, making 2020 and 2021 strong years for Service Corporation International. There is also commentary around…

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SCI 2Q 2022 shows small increase in revenue, decrease in Operating Income

By Funeral Director Daily / August 8, 2022 /

Last week the largest public company in the death care space, Service Corporation International,  reported their 2022 2nd Quarter and Half-Year financial results.  For the quarter which encompasses the April thru June 2022 calendar dates, company wide revenue rose to $990.9 million as compared to the same period of last year which totaled $987.5 million.…

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Seeking Alpha feature article rates Service Corporation a “Buy”

By Funeral Director Daily / July 25, 2022 /

According to this press release from Service Corporation International (SCI) the company is scheduled to announce the financial results of their 2nd Quarter of 2022 on Tuesday, August 2.  Prior to that however, last week author Daniel Jones of Seeking Alpha penned an opinion article on the company and rated the company a “Buy” in…

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