Over the years I’ve often thought that the business of funeral and cremation care as a business is overlooked by those that teach or write of things happening in the business world. It is not everyday that Forbes magazine does an in-depth article on our profession. Last week, Forbes featured an article that you can read here entitled, “How the pandemic is killing the death business.” The article features an in-depth interview with Service Corporation International’s CEO Tom Ryan. It […]
Tag: Service Corporation International
Seeking Alpha published an opinion piece from writer Malvin Spooner on Saturday, April 18, which theorized that death care public companies Service Corporation International (SCI) and Carriage Services (CSV) will benefit from what Spooner characterized as “pent up demand”. You can read the full article here. Spooner says that “the death care industry stocks have sold off with the rest of the market, and although revenues from services are being squeezed by social distancing, it is likely that funeral services […]
Most people in the death care profession know that StoneMor, Inc. has, for the last couple of years, been on what they term an “operational turnaround”. The company, based just outside of Philadelphia, is said to be the second largest, next to Service Corporation International (SCI), death care company in North America. The death care market is believed to be about $21 billion in annual revenues and StoneMor is believed to have about 1.5% of that market. It is believed […]
On April 2 StoneMor Inc., the cemetery and funeral home operator based in Trevose, Pennsylvania, reported their 2019 year end financial results. StoneMor, who operates 90 funeral homes and 320 cemeteries in 27 states and Puerto Rico, is the 2nd largest funeral home/cemetery operator in North America by revenue. You can access the 2019 Year End financial press release here. For the full year StoneMor reports that their revenue dropped about 8% to $289.5 million from 2018’s $316.5 million. The […]
Earlier today Seeking Alpha News Editor Yoel Minkoff put out a short piece entitled, “Tough times for U.S. funeral homes“. Oppenheimer securities analyst Scott Schneeberger is quoted in the article. You can access the short article here.
Those of us who have watched the markets over the last few weeks have seen a deterioration in the value of our private investment portfolios. What has happened in the broader market is also indicative of what has happened in the death care industry with the exception of StoneMor, Inc. and its stock and valuation. StoneMor, based out of Trevose, Pennsylvania, operates approximately 320 cemeteries and 88 funeral homes in 27 states and Puerto Rico. It is no secret that […]
Yesterday I received an opinion article from Seeking Alpha entitled, “The Cornovirus’ Potential Impact on Service Corporation International’s Stock Price”. I will say that I do not have a personal opinion on this article but make it available simply because it is a public article on the virus and its potential impact on funeral services, at least according to one writer. You can read the article here.
The headline from a Motley Fool piece that you can read here states, “InvoCare delivers solid profit and dividend growth in FY2019”. Australia’s largest funeral and cremation provider recorded revenue growth of 4% for the year which led to a 19.6% increase in after tax operating earnings. For the year, InvoCare brought in revenue of AUS $ 500.35 million (US $329.17 million) and recorded after tax net profits of AUS 63.75 million (US$41.94 million). The article mentioned that the gains […]
Even though yesterday was the President’s Day holiday and the markets were closed across America, Service Corporation International took the opportunity to report their financial numbers for the 4th Quarter of 2019 and also for the Year End 2019. We will just report some of the numbers today and after we have a chance to digest the company’s conference call with brokers we will add more commentary. Here is a report from SCI on 4Q 2019 and Year End 2019. […]
Not so long ago we told you in this article about Service Corporation International (SCI) closing and selling the historic designated landmark H.M. Patterson & Son Chapel in Atlanta, Georgia. That chapel had served for 91 years as the flagship chapel for H.M. Patterson in the Atlanta area. We recently learned that SCI has listed the 30,000 square foot historic Hazen & Jaeger Funeral Home building at 1306 North Monroe Street in Spokane, Washington, for sale also. The building dates […]