Tag: Service Corporation International

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

Carriage Services reports 2Q. . Cemetery business is the highlite

It’s quarterly reporting time in the public business realm and the companies in the death care sector are no different than others with that requirement.  Last week we reported Service Corporation International’s (SCI) results and today we bring you highlights of Houston, Texas based operator, Carriage Services. You can access the Carriage Services 2nd Quarter 2021 Report here. SCI’s report brought forth the fact that the company was able to increase revenues per service by over $600 as compared to […]

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 […]

Business

Funeral service. . . . .by the numbers

Funeral Director Daily published this article last week that we titled “We saw a lot of deaths in 2020”.  The article tried to put a number to the number of death care cases across the United States in our Covid-19 pandemic year.  We came up with the number of 3,427,321 which was a 20% increase in the number of deaths from 2019 — 2,854,838. That article captured my interest on other numbers, or data, which may be of interest to […]

Finance

Funeral stocks continue solid climb

As of last Friday, June 4, we were over five months into the 2021 calendar year.  Funeral Director Daily decided it was time to take a look at where the Death Care stocks were in relation to the stock market indices up to that day. What we found out is that the stocks of companies that comprise the Funeral Director Daily Death Care Index (DCI) continue to show a positive movement — and even higher growth than the indices of […]

Finance Preneed

Is SCI’s value in their “float”?

I’m a fan of Warren Buffett and his company, Berkshire Hathaway.  Matter of fact, I enjoy reading his annual shareholder letter because it just doesn’t tell how his businesses are doing, it explains to the reader why he is in those businesses and how he makes money for his shareholders. Back in 1936 a gentleman by the name of Leo Goodwin from Washington, D.C., became convinced that auto insurance could be standardized and sold without agents to the general public.  […]

Finance

SCI’s Tom Ryan: “. . true earnings growth from funeral will require increased funeral services”

Service Corporation International (SCI) reported their 1st Quarter financial results last week and in it we found a lot of information and perspective that we believe is informative and, in our opinion, pretty good news as to how the American public is coming out of the pandemic with their actions on funeral care seemingly indicating that they are in line with how they felt prior to the pandemic. First of all, SCI’s results from the first quarter are indicative of […]

Finance

Death Care outpaces Dow, Nasdaq, and S&P for first third of 2021

For the first time that I can remember since I have followed what is termed the Death Care Index (DCI), the DCI for a period of time has outpaced the standard measures of America’s public companies, the Dow Jones Industrial Average, the Nasdaq, and the S & P 500.  For the time period of January 1, 2021, through the close of business last Friday, April 30, 2021, the Death Care Index has grown at a pace of 17.7%. The DCI, […]

Business Finance

Independent operators. . . . .know your value

Back in 1990 I spent about three days north of Vancouver, British Columbia, along the Campbell River fishing for salmon with a group of funeral industry people.  One of the days was spent in a small fishing boat with a gentleman about thirty years my senior who had spent almost his entire funeral service career as an acquisition target expert for the large corporate entities.  Suffice it to say, I listened and learned a lot about the mergers and acquisition […]