Author: Derek Beard

Press Releases

Park Lawn Corporation Releases Q1 2022 Results

TORONTO, ONTARIO (May 12, 2022) – Today, Park Lawn Corporation (TSX: PLC; PLC.U) (“PLC” or the “Company”) announced its results for the first quarter (“Q1”) ended March 31, 2022. The Company had a solid performance achieving strong growth in Net Revenue, Net Earnings, Adjusted Net Earnings1, and Adjusted EBITDA1: “We are pleased with our first quarter results and performance against a very difficult comparison in the first quarter of 2021. As we previously predicted and communicated, we are seeing less impact from the pandemic on our businesses. Irrespective of the decline in impact, we continue to see strong operating performance from our comparable operations as well as through our active acquisition pipeline,” said J. Bradley Green, Chief Executive Officer. “Specifically,

PLC Further Expands in North Carolina

TORONTO, ONTARIO/May 5, 2022/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“PLC”) is pleased to announce that it has entered into a definitive agreement to acquire substantially all of the assets of Hudson Funeral Home & Cremation Services (“Hudson”), a business consisting of one stand-alone funeral home located in Durham, North Carolina.  The transaction is anticipated to close in early June 2022 following the receipt of regulatory approval.  “The addition of the Hudson business further expands PLC’s footprint in North Carolina and allows us to enter the high growth markets of Durham and Raleigh.  With over 100 years of dedicated service to its community, Hudson will be an excellent addition to our existing North Carolina businesses,” said J. Bradley Green,

Park Lawn First Quarter 2022 Financial Results Released on Thursday, May 12, 2022 and Earnings Conference Call on Friday, May 13, 2022 at 9:30 a.m. (EST)

TORONTO, ONTARIO – (May 5, 2022)  – Park Lawn Corporation (TSX: PLC) (“PLC”)  announced today that it will release its first quarter financial results for 2022 on Thursday, May 12, 2022.  PLC will host a conference call at 9:30 a.m. (EST) on Friday, May 13, 2022 to discuss its Q1 2022 financial results.  Details of the conference call are as follows:  Date: Friday, May 13, 2022 Time: 9:30 a.m. EST Dial-in Number:  Toll Free (888) 506-0062 | Conference ID: 367158 To ensure your participation, please join approximately five minutes prior to the scheduled start of the conference call. About Park Lawn Corporation PLC provides goods and services associated with the disposition and memorialization of human remains. Products and services are

Park Lawn Completes Acquisition of Chancellor Business

TORONTO, ONTARIO/April 18, 2022/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“PLC”) is pleased to announce that it has completed the previously announced acquisition of substantially all of the assets of Chancellor Funeral Home and Garden of Memories (collectively “Chancellor”), a business consisting of one stand-alone funeral home and one combination funeral home and cemetery property located in Byram and Florence, Mississippi, respectively.  “We are excited to begin a new chapter with Park Lawn where we have joined an organization that supports our vision to remain a leader in our profession as well as a team dedicated to caring and providing excellent client service,” stated Bill Chancellor, former owner of Chancellor.   “Bill, Sandra and the Chancellor staff exemplify the mission

PLC Deepens Its Presence in Central Mississippi

TORONTO, ONTARIO/March 30, 2022/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“PLC”) is pleased to announce that it has entered into a definitive agreement to acquire substantially all of the assets of Chancellor Funeral Home and Garden of Memories (collectively “Chancellor”), a business consisting of one stand-alone funeral home and one combination funeral home and cemetery property located in Byram and Florence, Mississippi, respectively.  The transaction is anticipated to close in April 2022 following the receipt of regulatory approval.  “The Chancellor businesses are pillars of their communities and their addition to our portfolio solidifies Park Lawn’s presence in and around the Jackson, Mississippi area. We are honored that the Chancellor’s long-time owners, Bill and Sandra, have chosen to become a

Park Lawn Corporation Announces First Quarter 2022 Dividend

TORONTO, ONTARIO – (March 24, 2022) – 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, 2022 to shareholders of record as at March 31, 2022. 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

Park Lawn Corporation Finishes 2021 Strong and Announces New Aspirational Growth Targets

TORONTO, ONTARIO (March 3, 2022) – Today, Park Lawn Corporation (TSX: PLC; PLC.U) (“PLC” or the “Company”) announced its results for the fourth quarter (“Q4”) and year ended December 31, 2021. The Company finished the year with a solid performance achieving strong growth in Net Revenue, Net Earnings and Adjusted Net Earnings1: “A solid fourth quarter capped yet another strong year of financial performance and growth at PLC. As anticipated, we continued to see a lessening effect of COVID-19 year-over-year in the communities we serve; however, we still had strong earnings growth over a very difficult comparable with the fourth quarter of 2020. We attribute this to our frontline team’s ability to continue to meet the evolving needs of our

Park Lawn Corporation Announces Release of its Fourth Quarter 2021 Financial Results and Earnings Conference Call

TORONTO, ONTARIO/February 18, 2022/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“PLC”) announced today that it will release its financial results for the fourth quarter 2021 on Thursday, March 3, 2022. PLC will host a conference call at 9:30 a.m. (EST) on Friday, March 4, 2022 to discuss its financial results for the fourth quarter 2021. Details of the conference call are as follows: Date: Friday, March 4, 2022 Time: 9:30 a.m. EST Dial-in Number: Toll Free (888) 506-0062 | Conference ID: 490276 To ensure your participation, please join approximately five minutes prior to the scheduled start of the conference call. About Park Lawn Corporation PLC provides goods and services associated with the disposition and memorialization of human remains. Products

Park Lawn Corporation to Participate in 25th Annual CIBC Western Institutional Investor Conference and Provides Update on Previously Disclosed EBITDA Growth Target

TORONTO, ONTARIO/January 18, 2022/ACCESSWIRE – Today, Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) announced that it intends to participate in the 25th Annual CIBC Western Institutional Investor Conference on Wednesday, January 19 and Thursday, January 20, 2022. In advance of the conference, the Company has updated the investor presentation on the Company’s website. The updated investor presentation discloses that, before considering the impact of any potential future acquisitions, the Company expects to modestly exceed its previously disclosed aspirational growth target of $100 million in pro forma Adjusted EBITDA by the end of 2022. The updated investor presentation is located under the “Investors” tab on the Company’s website at www.parklawncorp.com. About Park Lawn Corporation PLC provides goods and services associated with the

Park Lawn Corporation Completes Acquisition of Smith Businesses

Acquisition Expands Presence into Eastern Tennessee TORONTO, ON/ACCESSWIRE/ November 15, 2021 – Park Lawn Corporation (TSX: PLC) (“PLC”) is pleased to announce that it has completed the previously announced acquisition of substantially all of the assets of Smith Funeral & Cremation Service, Life & Legacy Cremation Center and Smith Event Centers, as well as Grandview Cemetery and Cremation by Grandview (collectively the “Smith” businesses), comprised of one funeral home, one combination funeral home and cemetery property and five event centers in Maryville, Tennessee. “For nearly 60 years, the Smith businesses have set out to honor the life and legacy of each and every family we serve through meaningful experiences. We are dedicated to professional excellence and are excited to join

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