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Park Lawn Corporation (T:PLC)

Business Focus: Funeral Services

Sector:  Consumer Non-Cyclicals Industry:  Personal Services
 
See Regulatory Filings on SEDAR
Company Contact
Address: 2 St. Clair Avenue West, Suite 1300
TORONTO ON M4V 1L5
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, Executive Officer
Linda Gilbert
Vice President - Corporate Finance and Financial Reporting
Lorie Johnson
Vice President of Human Resources
Jennifer Hay
General Counsel
 
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 geographical segments include Canada and United States. 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 (pre-need) or at the time of a death. It has one stand-alone funeral home located in Durham, North Carolina. It also has one stand-alone funeral home and one on-site funeral home and cemetery located in Abingdon, Virginia, as well as 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.
Financial Overview
For the six months ended 30 June 2022, Park Lawn Corp revenues increased 11% to $159.1M. Net income increased 7% to $14.5M. Revenues reflect United States segment increase of 14% to $142.9M. Net income was partially offset by General and administrative increase of 21% to $75M (expense), Maintenance increase of 13% to $13.8M (expense). Dividend per share remained flat at $0.18.
Employees: 2,340 as of Dec 31, 2021
Reporting Currency: U.S. Dollars
Enterprise value: $1,061M as of Jun 30, 2022
Annual revenue (TTM): $412.55M as of Jun 30, 2022
EBITDA (TTM): $84.88M as of Jun 30, 2022
Net annual income (TTM): $38.20M as of Jun 30, 2022
Free cash flow (TTM): $49.08M as of Jun 30, 2022
Net Debt Last Fiscal Year: $198.48M as of Jun 30, 2022
Shares outstanding: 34,073,818 as of Aug 8, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization