Service Corporation International
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…
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Funeral home and cemetery consolidator Carriage Services reported on the financial results of their 3rd Quarter for 2021 and in doing so reported record 3rd Quarter revenue for a quarter of $95.0 million. That is 12.6% higher than the $84.3 million of revenue recorded in the 3rd Quarter of 2020. Here’s what is said in…
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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 .…
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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,…
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On Friday the Dow Jones Industrial Average (DJIA) set a new record high by closing at 35,677. On January 1, 2021, the DJIA stood at 30,606 so that high on Friday indicates a 16.6% increase year to date for 2021. That’s pretty impressive. . . . and the NASDAQ closed Friday up 19.1% year to…
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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…
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We commented on an article about what an author called “Big Funeral” in last Friday’s edition of Funeral Director Daily. While I told you I didn’t agree with much of the article from Wired, I thought it was a pretty good read and, at least, one author’s not so great opinion of the death care…
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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…
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As you can see from this Yahoo Finance article, Axar Capital Management has sent StoneMor Inc. a letter expressing “an interest in pursuing discussions concerning strategic alternatives that may be beneficial to the Company and its various stakeholders.” As you may know, and according to E-Trade, Axar Capital Management currently owns 88.6 million of the 118…
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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…
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