Category: Press Releases

Press Releases

Park Lawn Corporation Continues Excellent Operating Trends with Q3 2021 Results

TORONTO, ONTARIO (November 11, 2021) – Today, Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) announced its results for the third quarter (“Q3”) ended September 30, 2021. PLC once again demonstrated its operating strength and ability to achieve sustained growth. The Company experienced measurable growth in net revenue, net earnings, Adjusted Net Earnings, Adjusted EBITDA, and Adjusted EBITDA margin: J. Bradley Green, Chief Executive Officer of PLC, stated: “The third quarter exceeded our expectations, especially given the continued decline of COVID-19 deaths served by our businesses. Despite this, we saw an increase in the number of families that we served in our comparable businesses in both our funeral homes and cemeteries. Likewise, we continued to see an increase in the

Park Lawn Third Quarter 2021 Financial Results Released on Thursday, November 11, 2021 and Earnings Conference Call on Friday, November 12, 2021 at 9:30 a.m. (EST)

TORONTO, ONTARIO – (October 29, 2021)  – Park Lawn Corporation (TSX: PLC) (“PLC”)  announced today that it will release its third quarter financial results for 2021 on Thursday, November 11, 2021.  PLC will host a conference call at 9:30 a.m. (EST) on Friday, November 12, 2021 to discuss its Q3 2021 financial results.  Details of the conference call are as follows:  Date: Friday, November 12, 2021 Time: 9:30 a.m. EST Dial-in Number: Toll Free (888) 506-0062 | Conference ID: 622285 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 Corporation Completes Acquisition of Pugh Funeral Homes and New Hope Memorial Gardens

TORONTO, October 25, 2021/CNW/ – 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 Pugh Funeral Homes and New Hope Memorial Gardens (collectively “Pugh”), a business consisting of five funeral homes and one cemetery located in central North Carolina.  “The Pugh businesses are pillars of their respective communities and strategically complement our existing North Carolina portfolio.  We are excited to have the Pugh businesses join the PLC family to carry on their reputational excellence for years to come,” stated J. Bradley Green, Chief Executive Officer of PLC. About Park Lawn Corporation: PLC provides goods and services associated with the disposition and memorialization of human

Park Lawn Corporation Announces October 2021 Dividend

TORONTO, ONTARIO – (October 22, 2021) – Park Lawn Corporation (TSX:PLC) (“PLC”) announced today that the monthly dividend of $0.038 per share will be payable on November 15, 2021 to shareholders of record as at October 29, 2021. 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,

PLC Continues its Strategic Expansion

Reaffirming its Commitment to Growth in North Carolina and Tennessee TORONTO, October 14, 2021/CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC”) is pleased to announce that it has entered into a definitive agreement to acquire substantially all of the assets of Pugh Funeral Homes and New Hope Memorial Gardens (collectively “Pugh”), a business consisting of five funeral homes and one cemetery located in central North Carolina.  The transaction is anticipated to close prior to the end of the month following the receipt of regulatory approval.  PLC is also excited to announce that it has entered into a definitive agreement to acquire substantially all of the assets of Smith Funeral & Cremation Service, Life & Legacy Cremation Center and Smith Event

Park Lawn Corporation Announces September 2021 Dividend

TORONTO, ONTARIO – (September 22, 2021) – Park Lawn Corporation (TSX:PLC) (“PLC”) announced today that the monthly dividend of $0.038 per share will be payable on October 14, 2021 to shareholders of record as at September 29, 2021. 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,

Park Lawn Corporation Announces Successful Closing of Common Share Offering for Gross Proceeds of Approximately C$148.5 Million, Including Full Exercise of Over-Allotment Option

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. TORONTO, ONTARIO (September 3, 2021) – Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company“) is pleased to announce that it has completed its previously announced public offering of common shares (the “Common Shares“) with a syndicate of underwriters co-led by Scotiabank and National Bank Financial Inc., and including CIBC Capital Markets, Cormark Securities Inc., RBC Capital Markets, TD Securities Inc., Acumen Capital Finance Partners Limited, Stifel GMP and Paradigm Capital Inc., on a “bought deal” basis. A total of 4,081,000 Common Shares were issued at a price of C$36.40 per Common Share for total gross proceeds of approximately C$148.5 million (the “Offering“), which includes proceeds from

Park Lawn Corporation Announces August 2021 Dividend

TORONTO, ONTARIO–(August 24, 2021) – Park Lawn Corporation (TSX:PLC) ( “PLC”) announced today that the monthly dividend of $0.038 per share will be payable on September 15, 2021 to shareholders of record as at August 31, 2021. 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

Park Lawn Corporation Announces $135 Million Bought Deal Offering of Common Shares

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. TORONTO, ONTARIO (August 16, 2021) – Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company“) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters“) co-led by Scotiabank and National Bank Financial Inc. pursuant to which the Underwriters have agreed to purchase 3,710,000 common shares (the “Common Shares“) at a price of $36.40 per Common Share, on a bought deal basis, for gross proceeds of approximately $135 million (the “Offering“). The Company also granted the Underwriters an option to purchase up to an additional 371,000 Common Shares on the same terms and conditions, exercisable at any time, in whole

Park Lawn Corporation Announces Strong Q2 2021 Performance and Two New Acquisitions

Marching Closer to the Achievement of its 2022 Goals TORONTO, ONTARIO (August 12, 2021) – Today, Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) announced its results for the second quarter (“Q2”) ended June 30, 2021. Through both its growth and integration initiatives, PLC continues to improve quarter-over-quarter resulting in an impressive Q2 2021 performance. The Company experienced growth in revenue, net earnings, Adjusted Net Earnings, Adjusted EBITDA, and Adjusted EBITDA margin: J. Bradley Green, Chief Executive Officer of PLC, stated: “After a strong second quarter, we have solidified an impressive first half to 2021. Even with the anticipated lessening effect of COVID-19 on the at-need volume of our comparable businesses, we saw the total funeral home call volume increase

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