Category: Press Releases

Press Releases

Park Lawn Q1 2020 Financial Results Released on Tuesday, May 12, 2020 and Earnings Conference Call on Wednesday, May 13, 2020 at 9:30 am (EST)

TORONTO, ONTARIO – (May 4, 2020)  – Park Lawn Corporation (TSX: PLC) (“PLC”)  announced today that it will release its Q1 financial results for 2020 on Tuesday May 12, 2020. PLC will host a conference call at 9:30 am (EST) on Wednesday May 13, 2020 to discuss its Q1 2020 financial results. Details of the conference call are as follows: Date: Wednesday, May 13, 2020 Time: 9:30am EST Dial-in Number: Local (647) 427-7450 | Toll Free (888) 231-8191 | Conference ID: 3167651 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

Park Lawn Corporation Announces April 2020 Dividend

TORONTO, ONTARIO–(April 23, 2020) – Park Lawn Corporation (TSX:PLC) ( “PLC”) announced today that the monthly dividend of $0.038 per share will be payable on May 15, 2020 to shareholders of record at April 30, 2020. 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,

Park Lawn Corporation Accelerates Development of the Eternal Sunset Memorial Park and Cemetery

Approximately 12,000 new lots have been developed since November 2018. Phase 2 construction is underway with 6,000 new lots expected to be developed by the end of 2020 March 5, 2020 – CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to provide an update on the continuing development of the 78-acre Eternal Sunset Memorial Park and Cemetery in Lafayette, New Jersey. Since November 2018, PLC has developed and opened approximately 12,000 new lots in inventory, having sold lots to multiple associations and hundreds of families.  The Company has also begun development of another 6,000 lots, with an anticipated completion date of December 31, 2020. “The progress we’ve made at Eternal Sunset is one of PLC’s biggest

Growth Strategy Execution Continues with Construction Launch of On-Site Funeral Visitation and Reception Centre at Westminster Cemetery

New 32,100 square foot facility will be Park Lawn’s first on-site funeral visitation and reception centre in Canada TORONTO, March 2, 2020/CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to announce that construction of an on-site funeral visitation and reception centre at the Westminster Cemetery in Toronto, Ontario is now underway. The 32,100 square foot facility will be the Company’s first on-site funeral visitation and reception centre in Canada. Park Lawn currently owns 18 on-site funeral homes as part of its PLC portfolio, which provide the highest margins of all business units. The CAD$15 million construction project at Westminster Cemetery began in January 2020 with site plan approvals, initial road work and site services well

PLC: CEO Completes Highly Successful Run; Announces Transition Plan

New CEO search underway as Chairman and CEO Andrew Clark moves on to next career challenge Company well-positioned for new phase of growth; reaffirms growth targets and expresses confidence in management team TORONTO, February 18, 2020/CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC” or “Park Lawn”) announces Andrew Clark has advised the board of directors (the “Board”) that he will be stepping down as Chairman and CEO of PLC.  Until a new CEO is appointed, Mr. Clark will continue as CEO and work closely with the Board and management to ensure a smooth transition. Paul G. Smith, who has been a director of PLC for three years, will assume the role of Chairman effective today. “It has been a tremendous

PLC Completes Acquisition of Family Legacy, LLC and WG-TN, LLC

Strategically expands U.S. footprint into Tennessee TORONTO, January 31, 2020/CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC” or “Park Lawn”) is pleased to announce that it has completed the previously announced acquisition of all of the outstanding stock and membership interests of Family Legacy, LLC (“Family Legacy”), a business with 12 locations operating in the greater Nashville, Tennessee area, as well as all of the outstanding membership interests in WG-TN, LLC (“Harpeth Hills”), a large combination business located in Nashville, Tennessee. The acquisition excludes one stand-alone funeral home that Park Lawn initially intended to acquire from Family Legacy. As a result, the purchase price for Family Legacy has been proportionately reduced and, in the first full year of operations following

Park Lawn Corporation to Acquire Family Legacy, LLC and WG-TN, LLC

Strategically expands U.S. footprint into Tennessee TORONTO, January 2, 2020/CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC”) is pleased to announce that it has entered into definitive agreements to acquire all of the outstanding stock and membership interests of Family Legacy, LLC (“Family Legacy”), a business with 13 locations operating in Nashville, Tennessee, as well as all of the outstanding membership interests in WG-TN, LLC (“Harpeth Hills”), a large combination business located in Nashville, Tennessee. “Family Legacy and Harpeth Hills are preeminent funeral home and cemetery businesses which serve a large and attractive metropolitan market in middle Tennessee. The acquisition of Family Legacy and Harpeth Hills presents an exciting opportunity for Park Lawn to enter the Tennessee market by acquiring

Park Lawn Corporation Announces Upsize to Credit Facility

CIBC Joins PLC’s Banking Syndicate TORONTO, ONTARIO–(November 25, 2019) – Park Lawn Corporation (TSX:PLC) (“PLC”) is pleased to announce an increase to its syndicated bank financing arrangement as well as the addition of CIBC to the syndicate led by National Bank of Canada and including Bank of Montreal, Bank of America and The Toronto-Dominion Bank. The financing arrangement increases PLC’s borrowing capacity from $175 million to $250 million. The additional credit will provide PLC with further flexibility as it continues to pursue its growth strategy. In particular, the revolving credit facility is expected to support PLC’s ability to capitalize on organic projects and acquisition opportunities as they arise, while maintaining a prudent approach to leverage. Highlights of the credit facilities include:

Park Lawn Corporation Releases Q3 2019 Results

Quarter shows steady organic growth and solid overall results TORONTO, ONTARIO –November 12, 2019 Today, Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) released its third quarter results for 2019 (“Q3 2019“). After adjusting for the impact of foreign exchange, revenue growth from comparable business units increased by 3.1% year over year and 3.7% for the quarter   Adjusted EBITDA margin increased to 22.9% in Q3 2019 from 21.9% for the same period in 2018 “PLC had a steady quarter, with strong organic growth and margin expansion. We remain focused on integration of the US platform as well as continuing to look for both organic growth and acquisition opportunities in both the US and Canada to further expand our operational

Park Lawn Corporation Recognized As Top Performer

Listed among 30 companies with strongest share price appreciation in recent years TORONTO, ONTARIO – (September 26, 2019) Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”), the largest publicly-traded, Canadian-owned funeral, cremation and cemetery provider, was recognized this morning as an inaugural member of the Toronto Stock Exchange’s TSX30. The TSX30 is a new program designed to celebrate the 30 top-performing TSX stocks over the last three years, based on dividend-adjusted share price appreciation. “The last three years have been transformative for our business. We’re thrilled to have been recognized as a TSX and Canadian success story,” said Andrew Clark, CEO of PLC. “The dynamic team at PLC has played an instrumental role in delivering strong returns for our

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