One Park lawn
Memorialization, Cemetery, and Funeral Service Specialists
Park Lawn Corporation (TSX: PLC, PLC.U) is one of the largest publicly traded funeral, cremation and cemetery provider and is the fastest growing company in the profession in North America. Since 2013 PLC has grown from 6 cemetery properties in Toronto, Ontario to a diverse portfolio of properties and businesses operating across Canada and the US.
With a dynamic leadership team and innovative approach to operations, PLC has a strategic advantage over the more traditional players in an industry resistant to change. As the company continues its strong growth both organically and through acquisition, PLC is changing the way products and services are delivered and how customers engage with the marketplace.
The Princeton Abbey | Princeton, NJ
What We Do
A Lasting Partnership
Park Lawn confidently brings the industry’s best in a support center that provides our businesses the essentials in bringing their business to the next level. With access to Operations, Legal, Information Technology, Human Resources, Finance, Accounting, Sales and many other vital sectors, the partnership empowers the businesses to take on day-to-day functions with ease.
Mundell Funeral Home | Orillia, ON
Our Businesses
Trusted by the best
Park Lawn Corporation currently operates in three Canadian provinces and seventeen U.S. states.
Investors
Company at a Glance
Listen to our earnings call, or explore the latest investor presentation, annual report, and quarterly results below for a comprehensive view of our company’s performance.
For the U.S equivalent ticker click here*
Shackelford Funeral Directors | Henderson, TN
News
Recent Press Releases
Park Lawn First Quarter 2024 Financial Results Released on Thursday, May 9, 2024 and Earnings Conference Call on Friday, May 10, 2024 at 9:30 a.m. (EST)
TORONTO, ONTARIO – (April 29, 2024) – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC”) announced today that it will release its first quarter financial results for 2024 on Thursday, May 9, 2024. PLC will host a conference call at 9:30 a.m. (EST) on Friday, May 10, 2024, to discuss its Q1 2024 financial results. Details of the conference call are as follows: To ensure your participation, please join approximately five minutes prior to the scheduled start of the conference call. About Park Lawn Corporation PLC is the largest publicly traded Canadian-owned funeral, cremation and cemetery provider. PLC and its subsidiaries own and operate businesses including cemeteries, crematoria, funeral homes, chapels and event centers throughout Canada and the United States which provide a full range of services and merchandise to fulfill the desires of individuals and families seeking to honor their loved ones. Products and services can be customized to meet the personal needs of the consumer and are sold on a pre-planned basis (pre-need) or at the time of a death (at-need). PLC operates in three Canadian provinces and seventeen U.S. states. For more information about Park Lawn Corporation, please visit our website at www.parklawncorp.com. Contact Information Daniel MillettChief Financial Officer(416) 231-1462, ext. [email protected]
Park Lawn Corporation Announces First Quarter 2024 Dividend
TORONTO, ONTARIO – (MARCH 22, 2024) – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC”) announced today that the quarterly dividend of $0.114 per share will be payable on April 15, 2024 to shareholders of record as at March 29, 2024. PLC offers a Dividend Reinvestment Plan (“DRIP”) which allows eligible shareholders of PLC to reinvest their cash dividends into additional common shares of PLC, which will be issued from treasury (or purchased on the open market) on the applicable dividend payment date. If common shares are issued from treasury, the price at which such common shares are issued will be the volume weighted trading price of PLC’s common shares over the five business days immediately preceding such dividend payment date less a discount, if any, of up to 5%, at PLC’s election. PLC has set the current discount for purchases under the DRIP at 3%. PLC may, subject to the terms of the DRIP, alter or eliminate any discount at any time. An eligible shareholder may enroll in the DRIP by completing an enrollment form and returning it to Odyssey Trust Company (the “Administrator”). The full text of the DRIP and an enrollment form are available on PLC’s website at https://www.parklawncorp.com/investor-information/ or by calling the Administrator at 1-888-290-1175. A completed enrollment form must be received by the Administrator no later than 3:00 pm EDT on the fifth business day immediately preceding the relevant dividend record date in order to take effect on the dividend payment date to which that dividend record date relates. Shareholders should carefully read the complete text of the DRIP before making any decisions regarding their participation in the DRIP. Beneficial shareholders who hold their shares through a nominee and who wish to participate in the DRIP should contact their nominee to enquire about enrollment. About PLC PLC is the largest publicly traded Canadian-owned funeral, cremation and cemetery provider. PLC and its subsidiaries own and operate businesses including cemeteries, crematoria, funeral homes, chapels and event centers throughout Canada and the United States which provide a full range of services and merchandise to fulfill the desires of individuals and families seeking to honor their loved ones. Products and services can be customized to meet the personal needs of the consumer and are sold on a pre-planned basis (pre-need) or at the time of a death (at-need). PLC operates in three Canadian provinces and seventeen U.S. states. For more information about Park Lawn Corporation, please visit our website at www.plcorp.com. Contact Information Daniel MillettChief Financial Officer(416) 231-1462 ext. [email protected]
Park Lawn Corporation Announces Fourth Quarter and Year-End 2023 Results, Appointment of New Director and its 2024 Financial Outlook
TORONTO, ONTARIO/March 7, 2024/ACCESSWIRE – Today, Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC”) announced its financial operating results for the fourth quarter (“Q4”) and year ended December 31, 2023, the appointment of a new director and its 2024 financial outlook. Financial Results from Q4 and the Year Ended 2023 “Our focus on operational efficiency and cost management contributed to improved profitability and bottom-line growth during the 2023 calendar year,” stated J. Bradley Green, Chief Executive Officer. Mr. Green continued, “In addition, during the fourth quarter, we achieved an important milestone in the Company’s history through the strategic disposition of certain legacy businesses which has allowed us to reshape our platform and reallocate resources to support a more efficient operating environment. We are excited for the opportunity to fully realize our potential through our strong operating acumen as we look towards 2024 and beyond.” Key Results from the Three-Month Period and Year Ended December 31, 2023 2024 Financial Outlook “Given the recent completion of the transformational disposition of certain legacy businesses at the end of December, as well as the current macroeconomic environment, we no longer believe that our previously announced five-year long-term aspirational financial targets are achievable by the conclusion of 2026,” said Mr. Green, Chief Executive Officer of Park Lawn. Mr. Green continued, “Rather than long-term targets, in an effort to enhance the insight and disclosure around our operating performance, we believe annual guidance will provide improved near-term transparency of our financial expectations and strategic direction to our investors, shareholders and stakeholders. We remain committed to our vision as a premier operating company that grows through acquisition and are excited to share our 2024 annual guidance which demonstrates our confidence in remaining agile in changing market conditions while, at the same time, reaffirming our commitment in executing on our strategy to deliver long-term value and sustainable growth.” For the fiscal year 2024, Park Lawn believes that it will be able to achieve the following financial metrics within the ranges set forth below. 2024 Financial Outlook High Midpoint Low Adjusted EBITDA $80M $75M $70M Adjusted Earnings Per Share – Diluted $0.90 $0.85 $0.80 This guidance is based on many assumptions, including, but not limited to, that Park Lawn will continue to grow organically through initiatives such as development of new inventory and business locations (i.e., on-sites), as well as inorganically through mergers and acquisitions in the approximate amount of $50-$100M on average per year. Likewise, for the 2024 calendar year, we are assuming that mortality in Canada and the United States remains flat to slightly depressed as a result of the impact from the pull-forward effect associated with the COVID-19 pandemic. Further, in the near term and for the 2024 calendar year, we anticipate that corporate costs will remain relatively consistent with prior periods as we continue to enhance our corporate support facilities and resources, and continue to pursue M&A growth. The purpose of the 2024 Financial Outlook is to assist investors, shareholders, and others in understanding
