Park Lawn Corporation (T:PLC)
Business Focus: Funeral Services
| Sector: Consumer Non-Cyclicals | Industry: Personal Services |
| Company Contact | |
| Address: | 2 St. Clair Ave. E, Suite 705 TORONTO ON M4T 2T5 |
| Tel: | N/A |
| Website: | https://parklawncorp.com |
| IR: | See website |
| Key People | ||
| Jay D. Dodds President, Chief Operating Officer, Director | J. Bradley Green Chief Executive Officer, Director | Daniel Millett Chief Financial Officer |
| W. Clark Harlow Senior Vice President, Operational Finance and Accounting | Jeff Parker Chief Technology Officer | Linda Gilbert Vice President - Corporate Finance and Financial Reporting |
| Lorie Johnson Vice President of Human Resources | Jennifer Hay General Counsel, Chief Strategy Officer | |
| Business Overview |
| 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. |
| Financial Overview |
| For the three months ended 31 March 2024, Park Lawn Corp revenues decreased 12% to $76.4M. Net income increased 15% to $5.2M. Revenues reflect Cemetery segment decrease of 37% to $22.8M, United States segment decrease of 15% to $66.4M. Net income reflects Fair value adjustment on interest rate s decrease from $1.6M (expense) to $919K (income), Advertising and selling decrease of 34% to $5M (expense). Dividend per share remained flat at $0.08. |
| Employees: | 2,178 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $884.66M as of Mar 31, 2024 |
| Annual revenue (TTM): | $461.03M as of Mar 31, 2024 |
| EBITDA (TTM): | $87.38M as of Mar 31, 2024 |
| Net annual income (TTM): | -$9.49M as of Mar 31, 2024 |
| Free cash flow (TTM): | $38.58M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $295.53M as of Mar 31, 2024 |
| Shares outstanding: | 34,466,909 as of May 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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