FUNERAL HOME & CEMETERY Memoires des choix des - Nomis ...
FUNERAL HOME & CEMETERY Memoires des choix des - Nomis ...
FUNERAL HOME & CEMETERY Memoires des choix des - Nomis ...
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DECEMBER 2009 <strong>FUNERAL</strong> <strong>HOME</strong> & <strong>CEMETERY</strong> NEWS Section A<br />
Carriage Services<br />
announces Third Quarter<br />
2009 Results<br />
HOUSTON,TX— Carriage<br />
Services, Inc. (NYSE:<br />
CSV) announced results<br />
for the third quarter ended<br />
September 30, 2009.<br />
Melvin C. Payne, Chairman<br />
and Chief Executive<br />
Officer, stated, “Given a<br />
weak revenue environment,<br />
third quarter results were<br />
satisfactory primarily because<br />
we achieved EPS of<br />
$0.05 versus $0.03 on a<br />
comparable basis and $0.01<br />
on a GAAP basis last year.<br />
Despite the lower funeral<br />
volumes and challenging<br />
economic conditions, our<br />
expense management across<br />
all areas of our business has<br />
continued to be excellent.<br />
Th e cost control theme was<br />
evident in the third quarter<br />
of 2009 as we reduced fi eld<br />
level expenses by $1.4 million,<br />
more than off setting<br />
the $1.0 million reduction<br />
in revenue and resulting<br />
in an increase of 160<br />
basis points in Total Field<br />
EBITDA Margin to 32.2%<br />
in the quarter compared to<br />
30.6% last year. As we enter<br />
the more seasonably high<br />
revenue period, we are well<br />
We test ours in the lab<br />
so you don’t have to test<br />
it in the real world.<br />
1-800-992-1925 | CustomAirTrays.com<br />
© Custom Air Trays<br />
positioned to fi nish strong<br />
in the fourth quarter and<br />
to get off to a good start in<br />
2010,” concluded Payne.<br />
Total revenue for the<br />
third quarter of 2009 was<br />
$42.2 million compared<br />
to $43.2 million in last<br />
year’s third quarter. Carriage<br />
earned $0.05 for the<br />
third quarter compared to<br />
$0.01 per diluted share on<br />
a GAAP basis in the same<br />
period last year. Consolidated<br />
EBITDA in the third<br />
quarter increased 4.3% to<br />
$8.7 million versus adjusted<br />
consolidated EBITDA<br />
of $8.4 million in last year’s<br />
third quarter. Consolidated<br />
EBITDA Margin increased<br />
in the third quarter of this<br />
year by 130 basis points to<br />
20.7% compared to adjusted<br />
Consolidated EBITDA<br />
Margin of 19.4% in the<br />
third quarter last year. Adjusted<br />
2008 Consolidated<br />
EBITDA exclu<strong>des</strong> litigation<br />
costs, termination<br />
charges, and other costs<br />
that were nonrecurring.<br />
Th e full results are available<br />
online at www.carriageservices.com<br />
Sha<strong>des</strong> of Green:<br />
We should be concerned<br />
with our environment!<br />
Continued fr om Page A28<br />
loved one embalmed, placed in a metal casket and a<br />
concrete vault. They are not.<br />
Cemeteries are not restricted to using only chemical<br />
fertilizers, pestici<strong>des</strong>, and herbici<strong>des</strong>. There are many<br />
organic or natural, fertilizers, pestici<strong>des</strong>, and herbici<strong>des</strong>,<br />
available. The point is you can have a Green<br />
Cemetery and still have the lush rolling lawns and a<br />
park like setting.<br />
Richard A. Santore is the President and founder of Practicum<br />
Strategies. Practicum Strategies is an approved provider of Continuing<br />
Education in every State that accepts Online and home-study continuing<br />
education courses for funeral professionals. Richard can be reach by<br />
email at Richard@pshomestudy.com or 800-731-4714. Visit Practicum<br />
Strategies website at www.pshomestudy.com.<br />
Distinguished Woman of the Year:<br />
Karen Jones Smith, CFSP<br />
of Royal Funeral Home, Huntsville, AL<br />
Th e 100BWFS Board of Directors selected Karen as<br />
our 2009 Woman of the Year because she exemplifi es<br />
the poise, grace and essence of womanhood— truly a<br />
“phenomenal woman.” She is a <strong>des</strong>igning woman and<br />
a driving force for women<br />
entering the mortuary science<br />
profession.<br />
Karen’s parents, James<br />
A. and Barbara Hundley<br />
Jones, second generation<br />
purchasers of their family<br />
business, have been dedicated<br />
to quality service with a<br />
personal touch and to serving<br />
the Huntsville community.<br />
Th eir values have been<br />
passed on to Karen. The<br />
family has owned and op-<br />
Lawrence B. Hundley<br />
erated Royal Funeral Home<br />
for 63 of its 91 years, and<br />
they are very proud of their place in Huntsville history.<br />
Karen will continue to carry this torch with great pride.<br />
In 2008, Karen and Royal Funeral Home celebrated a<br />
variety of special events to honor its 90 year legacy and<br />
commitment to the community.<br />
Th e grand event<br />
was a Royal Masquerade<br />
Ball to benefi t the Chessie<br />
Harris Foundation, Harris<br />
Home for Children and<br />
the National Children’s<br />
Advocacy Center. Th e celebration<br />
culminated with<br />
a gospel concert at the<br />
Progressive Union Missionary<br />
Baptist church.<br />
It is not surprising that<br />
this phenomenal woman<br />
is thinking of others and<br />
giving back. Th at is what<br />
makes her so special to all<br />
Continued fr om Page A26<br />
Royal Funeral Home Founder<br />
C.K. Binford<br />
who come in contact with her. Her heart is big and her<br />
arms are always open to welcome those in need.<br />
Karen Jones Smith, the 2009 Woman of the Year is<br />
a true visionary and a mover and shaker, and already<br />
building a legacy for the next 90 years. Married to her<br />
soul mate and love of her life, David Smith, Sr., they<br />
are the proud parents of one tremendously handsome<br />
son, David Smith, Jr. Together this family is making a<br />
diff erence.<br />
We applaud Karen Jones Smith for all she has done and<br />
all she is doing in the name of service to mankind through<br />
her funeral service ministry. We are already looking at<br />
what she will be doing in the future as she works so diligently<br />
to keep her legacy alive. Remember that name,<br />
Karen Jones Smith, visionary, leader and major player in<br />
the funeral service industry. She’s a fi rst class sister!<br />
I Got Mine At<br />
60<br />
E-mail: sales@afco-usa.com<br />
Page A29<br />
www.easterncasket.com<br />
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