Category: Press Releases

Press Releases

Park Lawn Corporation Releases Q3 2022 Results

TORONTO, ONTARIO (November 9, 2022) – Today, Park Lawn Corporation (TSX: PLC; PLC.U) (“PLC”, “Park Lawn”, or the “Company”) announced its operating results for the third quarter (“Q3”) ended September 30, 2022: “Our third quarter operating results exceeded our expectations as it relates to the comparable COVID-19 impacted quarter and in light of the anticipated and continued decline in the death rate,” stated J. Bradley Green, Chief Executive Officer. Mr. Green further commented, “We attribute this performance to the sharp focus of our operations teams. While we saw the national death rate fall sharply during the quarter, Park Lawn’s same store call volume decreased significantly less than the national average and that of our peers, demonstrating market share strength. We

Park Lawn Third Quarter 2022 Financial Results Released on Wednesday, November 9, 2022 and
Earnings Conference Call on Thursday, November 10, 2022 at 9:30 a.m. (EST)

TORONTO, ONTARIO – (October 27, 2022)  – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC”)  announced today that it will release its third quarter financial results for 2022 on Wednesday, November 9, 2022.  PLC will host a conference call at 9:30 a.m. (EST) on Thursday, November 10, 2022 to discuss its Q3 2022 financial results.  Details of the conference call are as follows:  Date: Thursday, November 10, 2022 Time: 9:30 a.m. EST Dial-in Number:  Toll Free (877) 545-0320 | Conference ID: 624678 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 Deepens its Presence in Kansas City

TORONTO, ONTARIO/October 12, 2022/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC”) is pleased to announce that it has entered into a definitive agreement to acquire substantially all of the assets of Muehlebach Funeral Care in Kansas City, Missouri, Skradski-Pierce Funeral Home in Kansas City, Kansas and Assurance Cremation Society in Kansas City, Missouri (collectively “Muehlebach”).  The Muehlebach acquisition expands Park Lawn’s footprint in the Kansas City metropolitan market through the addition of three stand-alone funeral homes.  The Muehlebach acquisition is anticipated to close in November 2022 following the receipt of regulatory approval. “We are pleased to strengthen our operating position in the Kansas City market through the strategic acquisition of the Muehlebach businesses,” said J. Bradley

Park Lawn Expands its Colorado Presence by Entering the Western Slope

TORONTO, ONTARIO/October 5, 2022/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC”) is pleased to announce that it has strategically enlarged its presence in Colorado by expanding into the Western Slope through: Completing the acquisition of substantially all of the assets of Ertel Funeral Home & Crematory (“Ertel”), a stand-alone funeral home located in Cortez, Colorado serving the families of Dolores and Montezuma Counties and the Ute Mountain Ute and Navajo tribes. Entering into a definitive agreement to acquire substantially all of the assets of Taylor Funeral Home (“Taylor”) consisting of three stand-alone funeral homes and one on-site funeral home and cemetery combination located in Delta, Cedaredge, Hotchkiss and Paonia, Colorado.  The Taylor transaction is anticipated to

Park Lawn Corporation Announces Third Quarter 2022 Dividend

TORONTO, ONTARIO – (September 23, 2022) – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC”) announced today that the quarterly dividend of $0.114 per share will be payable on October 17, 2022 to shareholders of record as at September 30, 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 Completes Acquisition of Shackelford

TORONTO, ONTARIO/September 12, 2022/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC”) has completed the previously announced acquisition of substantially all the assets of Shackelford Corporation (“Shackelford”), a group of businesses consisting of eight stand-alone funeral homes, two stand-alone cemeteries and one on-site funeral home and cemetery located in and around the Savannah, Tennessee area. “For over 90 years, Shackelford has been a leader dedicated to excellence in not only our profession, but also the communities we serve throughout Chester, Hardeman, Hardin, McNairy and Wayne Counties.  As we move into the next phase of our journey, we are excited to partner with Park Lawn who will ensure that the Shackelford vision of integrity and excellence in service

Park Lawn Corporation Announces Normal Course Issuer Bid

TORONTO, ONTARIO – (August 11, 2022) – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC“) announced today that it has received approval from the Toronto Stock Exchange (the “TSX“) respecting the establishment of a normal course issuer bid (“NCIB“). Under the NCIB, PLC may, during the twelve-month period commencing August 17, 2022 and ending August 16, 2023 purchase up to 3,385,439 common shares (“Common Shares“) representing 10% of its public float of issued and outstanding Common Shares. As at August 8, 2022, there are 34,073,818 Common Shares issued and outstanding and 33,854,396 Common Shares estimated in the “public float”, calculated in accordance with TSX rules. All Common Shares purchased by PLC under the NCIB will be cancelled or transferred to and held

Park Lawn Corporation Releases Q2 2022 Results and Announces Appointment of New Directors to the Board

TORONTO, ONTARIO (August 11, 2022) – Today, Park Lawn Corporation (TSX: PLC; PLC.U) (“PLC”, “Park Lawn”, or the “Company”) announced its results for the second quarter (“Q2”) ended June 30, 2022: “As the death rate normalized over the second quarter, we experienced a meaningful decrease in national mortality which affected our cemetery operations more significantly than our funeral homes. Specifically, we saw a decrease in our at-need cemetery sales as a direct result of the decrease in the death rate and, related thereto, a decrease in pre-need property sales in certain of our businesses. In connection with this expected pull-back, we worked to leverage our position in the markets in which we operate through pricing adjustments, as well as through

Park Lawn Completes Acquisition of Farris

TORONTO, ONTARIO/August 8, 2022/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“PLC” or “Park Lawn”) has completed the previously announced acquisition of substantially all the assets of Farris Funeral Service, Inc. and Affiliated Service Group, Inc. (“Farris”), a group of businesses consisting of one stand-alone funeral home and one on-site funeral home and cemetery located in Abingdon, Virginia.  “For 70 years, our family has served the families of the Washington County region and surrounding area with compassion, integrity and excellence.  Through our partnership with Park Lawn, we will continue this unparalleled level of service as my brother, David Farris, returns to lead the business and maintain our ties with the community,” stated Kim Farris Luke, a former co-owner of Farris.

PLC Executes on its Growth Strategy by Expanding into Western Tennessee and Opening Westminster Funeral, Visitation and Reception Centre

TORONTO, ONTARIO/August 3, 2022/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC”) is pleased to announce that it has entered into a definitive agreement to acquire substantially all of the assets of Shackelford Corporation (“Shackelford”), a group of businesses consisting of eight stand-alone funeral homes, two stand-alone cemeteries and one on-site funeral home and cemetery located in and around the Savannah, Tennessee area. The transaction is anticipated to close in early September 2022 following the receipt of regulatory approval.  “Shackelford is a strategic addition to Park Lawn’s portfolio as it expands across Tennessee into the western half of the state,” said J. Bradley Green, CEO of PLC.  Mr. Green continued, “Five generations of the Shackelford family have

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