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Park Lawn Corp T.PLC

Park Lawn Corporation is engaged in providing goods and services associated with the disposition and memorialization of human remains. The Company and its subsidiaries own and operate businesses, including cemeteries, crematoria, funeral homes, chapels, planning offices and a transfer service. Its primary products and services are cemetery lots, crypts, niches, monuments, caskets, urns and other merchandise, funeral services, after-life celebration services and cremation services. Its products and services are sold on a pre-planned basis or at the time of death. It has one stand-alone funeral home located in Durham, North Carolina; one stand-alone funeral home and one on-site funeral home and cemetery located in Abingdon, Virginia; eight stand-alone funeral homes, two stand-alone cemeteries and one on-site funeral home and cemetery located in and around the Savannah, Tennessee area; three stand-alone funeral homes located in Brampton, Woodbridge and Toronto, Ontario and more.


TSX:PLC - Post by User

Post by retiredcfon May 22, 2023 1:01pm
159 Views
Post# 35459167

Another View of Earnings

Another View of EarningsEPS of $0.337 beat estimates of $0.325 and revenues of $117.305M missed estimates of $118.626M. Sales grew by 4% for the quarter, primarily as a result of Acquired Operations. The quarter was up against tough comparables from last year, and management is pleased with its relative performance. Net earnings and Adjusted EBITDA declined for the quarter, but the company grew its balance sheet due to solid free cash flows. We feel that investors were reassured by its decent relative performance against a tough comparable quarter, and analysts are encouraged by its ability to grow through future acquisitions. (5iResearch)
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