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Park Lawn Corporation (TSX:PLC, PLC.U) is the largest publicly traded Canadian-owned funeral, cremation, and cemetery provider. With operations in three Canadian provinces and seventeen U.S. states, Park Lawn offers a full range of services and merchandise to honor loved ones, whether through pre-need planning or at-need services. The company's recent financial reports indicate strong performance and strategic growth plans, positioning Park Lawn for continued success in the funeral and cemetery industry.
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Park Lawn Corporation (TSX:PLC) completes the acquisition of Crippin Funeral Home, Gunnison Funeral Services, and Grand View Cemetery in Colorado, expanding its presence in the state. The transaction is expected to add approximately US$703,404 in Adjusted EBITDA annually.
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Park Lawn Corporation (PLC) has successfully completed the divestiture of certain legacy assets including 72 cemeteries and 11 funeral homes to Everstory Acquisition Portfolio, LLC, an affiliate of Everstory Partners. The divestiture marks an important milestone in Park Lawn's long-term strategy, allowing the company to focus solely on its core business strategy and improve its leverage and liquidity position.
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Park Lawn Corporation (PLC) announced a quarterly dividend of $0.114 per share payable on January 15, 2024, to shareholders of record as at December 29, 2023. PLC offers a Dividend Reinvestment Plan (DRIP) with a 3% discount for eligible shareholders to reinvest their cash dividends into additional common shares of PLC.
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Park Lawn Corporation (TSX:PLC)(TSX:PLC.U) announced its Q3 2023 financial results, reporting an 8.2% increase in revenue to $87.5M and a 38.1% decrease in net earnings. The company also made several acquisitions and entered into an agreement to divest certain legacy assets, aiming to reduce leverage and deploy proceeds into high-growth markets.
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Park Lawn Corporation (PLC) will release its Q3 2023 financial results on November 9, 2023, and host a conference call on November 10, 2023 to discuss the results.
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Park Lawn Corporation (TSX:PLC) has declined to participate further in Carriage Services, Inc.'s (NYSE: CSV) strategic review process and has withdrawn its all cash proposal to purchase Carriage's outstanding stock.
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Park Lawn Corporation announced a quarterly dividend of $0.114 per share payable on October 16, 2023. PLC offers a Dividend Reinvestment Plan (DRIP) with a current discount for purchases under the DRIP set at 3%. Shareholders should review the DRIP before deciding to participate.
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Park Lawn Corporation to acquire Christy-Smith Funeral Homes in Sioux City, Iowa
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Park Lawn Corporation acquires Forrest & Taylor Funeral Home in Sutton, Ontario, deepening its presence in the Ontario market. The acquisition is expected to add approximately CAD$338,647 in Adjusted EBITDA annually.
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Park Lawn Corporation announced its financial operating results for Q2 2023. Revenue increased by 12.3% to $85.3M, while net earnings decreased by 35% to $3.8M. Adjusted EBITDA increased by 20.7% to $18.8M. The company completed several acquisitions, including Speaks, Cobb, and Ward funeral homes, and MWB funeral home in Ontario. PLC also renewed its normal course issuer bid.
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FAQ
What is the current stock price of PARK LAWN ORD (PRRWF)?
The current stock price of PARK LAWN ORD (PRRWF) is $19.22 as of August 8, 2024.
What is the market cap of PARK LAWN ORD (PRRWF)?
The market cap of PARK LAWN ORD (PRRWF) is approximately 658.7M.
What is Park Lawn Corporation known for?
Park Lawn Corporation is known for being the largest publicly traded Canadian-owned funeral, cremation, and cemetery provider with operations in multiple Canadian provinces and U.S. states.
What type of services does Park Lawn Corporation offer?
Park Lawn Corporation offers a full range of services and merchandise for individuals and families to honor their loved ones through pre-need and at-need planning.
Where does Park Lawn Corporation operate?
Park Lawn Corporation operates in three Canadian provinces and seventeen U.S. states.
What recent achievements has Park Lawn Corporation made?
Recent financial reports indicate strong performance and strategic growth plans, positioning Park Lawn for continued success in the funeral and cemetery industry.
How can shareholders participate in Park Lawn Corporation's growth?
Shareholders can stay updated with the latest news and developments from Park Lawn Corporation to understand the company's performance and growth strategies.
PARK LAWN CORP ORD
OTC:PRRWF
PRRWF Rankings
PRRWF Stock Data
658.67M
33.80M
1.03%
25.48%
Personal Services
Consumer Cyclical
United States of America
Toronto