Welcome to our dedicated page for PARK LAWN ORD news (Ticker: PRRWF), a resource for investors and traders seeking the latest updates and insights on PARK LAWN ORD stock.
Park Lawn Corporation (PRRWF) provides investors and stakeholders with timely updates through this dedicated news hub. Track official announcements, financial results, and strategic developments from one of North America’s leading funeral and cemetery service providers.
This resource consolidates all material updates related to Park Lawn’s operations, including acquisitions, partnership agreements, service expansions, and leadership changes. Users gain access to both pre-need planning innovations and at-need service developments across the company’s North American network.
Key content categories include quarterly earnings reports, regulatory filings, market expansion announcements, and operational milestones. Each update is curated to reflect Park Lawn’s commitment to transparency in the sensitive funeral services sector.
Bookmark this page for streamlined access to PRRWF’s latest news. Combine these updates with broader industry analysis to inform your understanding of Park Lawn’s position in the end-of-life services market.
Park Lawn Corporation (PRRWF) reported its Q3 2022 results, achieving a 10.7% increase in net revenue to $80.87 million. However, net earnings fell 25.9% to $5.32 million, attributed to reduced revenue from Comparable Operations and rising costs. The adjusted EBITDA decreased by 2.7% to $18.16 million, with margins declining. Despite these challenges, the company demonstrated operational strength, particularly in pre-need property sales. Acquisition efforts remain strong, aiming for $75-$125 million in acquisitions for 2022 and 2023.
Park Lawn Corporation will release its Q3 2022 financial results on November 9, 2022, and host a conference call the next day at 9:30 a.m. EST for discussion. The call can be accessed via the toll-free number (877) 545-0320 with Conference ID 624678. Park Lawn provides essential services related to the disposition and memorialization of human remains. It operates across three Canadian provinces and seventeen U.S. states, offering pre-need and at-need services including cemeteries and funeral homes.
Park Lawn Corporation has announced a definitive agreement to acquire the assets of Muehlebach Funeral Care, enhancing its presence in the Kansas City market. This acquisition includes three standalone funeral homes and is projected to close in November 2022, pending regulatory approval. The deal is expected to add approximately US$616,000 in Adjusted EBITDA annually and includes 627 annual calls. The transaction aligns with Park Lawn's financial targets and strategy for operational synergies in the area.
Park Lawn Corporation is expanding its operations in Colorado by acquiring three funeral service providers: Ertel Funeral Home, Taylor Funeral Home, and Brown's Cremation & Funeral Service. The acquisitions will add five stand-alone funeral homes, contributing approximately US$1.62 million in Adjusted EBITDA annually. The transactions are expected to close in early November 2022, pending regulatory approval, and reflect Park Lawn's commitment to serving the Western Slope communities.
Park Lawn Corporation announces a quarterly dividend of $0.114 per share, payable on October 17, 2022, for shareholders on record as of September 30, 2022. The company offers a Dividend Reinvestment Plan (DRIP), allowing eligible shareholders to reinvest dividends into additional common shares at a 3% discount from the volume-weighted trading price preceding the payment date. The DRIP enrollment must be completed by 3:00 pm EDT on the fifth business day before the record date. Full details are available on PLC's website.
Park Lawn Corporation has finalized the acquisition of Shackelford Corporation, which includes eight funeral homes and two cemeteries in the Savannah, Tennessee area. This strategic move enhances Park Lawn’s presence in western Tennessee and strengthens its position in the southeastern U.S. market. Both parties emphasize a commitment to maintaining Shackelford's legacy of excellence and integrity. The acquisition is projected to offer operational synergies and growth potential, aligning with Park Lawn's objectives for expansion.
Park Lawn Corporation announced approval for a normal course issuer bid (NCIB) by the Toronto Stock Exchange. This NCIB allows the repurchase of up to 3,385,439 common shares, approximately 10% of the public float, over a period from August 17, 2022, to August 16, 2023. The decision arises from the belief that the current market price may make such purchases an attractive use of corporate funds. An automatic securities purchase plan (ASPP) has been established to facilitate compliant share buybacks during restricted periods.
Park Lawn Corporation reported Q2 2022 results with net revenue of $75.9 million, a 5.4% increase year-over-year. Net earnings of $5.8 million remained flat, while adjusted net earnings dropped 24.6% to $6.6 million. Adjusted EBITDA decreased 15.8% to $15.6 million, with a margin of 20.6%, down 520bps from the previous year. The company experienced a decline in cemetery sales due to a national decrease in the death rate. Notable acquisitions during the quarter were made in Mississippi and North Carolina. New directors were appointed to enhance board diversity and qualifications.
Park Lawn Corporation has announced its agreement to acquire assets from Shackelford Corporation, enhancing its presence in western Tennessee with eight funeral homes and two cemeteries, expected to close in September 2022. This acquisition is projected to generate an additional US$3,400,000 in Adjusted EBITDA annually. Furthermore, Park Lawn has opened a new Westminster Funeral Centre in Toronto, aligning with its organic growth strategy. For the year ending December 31, 2021, Park Lawn reported Adjusted EBITDA of US$76,284,577.
Park Lawn Corporation (TSX:PLC) has announced its second quarter financial results release scheduled for August 11, 2022. A conference call to discuss these results will take place on August 12, 2022, at 9:30 a.m. EST. Participants are encouraged to join five minutes early. Park Lawn provides a range of services related to the disposition and memorialization of human remains, operating across three Canadian provinces and sixteen U.S. states.
