Category: Press Releases

Press Releases

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 Announces December 2021 Dividend and Adoption of a Quarterly Payment Schedule

TORONTO, ONTARIO – (December 20, 2021) – Park Lawn Corporation (TSX:PLC) (“PLC”) announced today that it is moving from a monthly to a quarterly payment schedule with dividends expected to be made in March, June, September and December of each calendar year and paid on a quarterly basis at the rate of $0.114 per common share.  Subject to approval of the Board of Directors, the first quarterly dividend of $0.114per common share ($0.456 per common share annually) is expected to be effective for the March dividend that will be paid on April 15, 2022, to shareholders of record as at March 31, 2022. Monthly dividend payments will continue until the end of 2021. The December dividend of $0.038 per common share

Park Lawn Corporation Completes Acquisition of Ingram Business

TORONTO, ON/December 13, 2021/ACCESSWIRE/ – 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 Ingram Funeral Home & Crematory, Inc. (the “Ingram” business), a stand-alone funeral home located in Cumming, Forsyth County, Georgia.  “We are happy to join an organization that prides itself in providing premier and innovative services to its families and communities as much as the Ingram team,” said Jack Allen, owner of Ingram. “Jack and his team are a tremendous addition to PLC and we look forward to working together.  We are also eager to explore future opportunities for growth to complement Ingram as Georgia remains one of the fastest growing

PLC Enters New High Growth Market in Georgia

TORONTO, ON/November 29, 2021/ACCESSWIRE/ – 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 Ingram Funeral Home & Crematory, Inc. (the “Ingram” business), a stand-alone funeral home located in Cumming, Forsyth County, Georgia.  The transaction is anticipated to close in mid-December following the satisfaction of regulatory requirements.  “We are pleased to continue to grow our footprint in the southern U.S. by strategically entering into a new high growth market in Georgia.  The Ingram business is highly regarded within our profession and will be a foundation for growth in a new state for PLC.  We are excited to have Jack Allen and his team

Park Lawn Corporation Announces November 2021 Dividend

TORONTO, ONTARIO – (November 23, 2021) – Park Lawn Corporation (TSX:PLC) (“PLC”) announced today that the monthly dividend of $0.038 per share will be payable on December 15, 2021 to shareholders of record as at November 30, 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 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

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,

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