June 2019

Page A29 JUNE 2019 FUNERAL HOME & CEMETERY NEWS S ec t i on A US Cremation Equipment leads the way. It all comes down to… PERFORMANCE! www.uscremationequipment.com • info@uscremationequipment.com Service Performance · Rapid Response Times · Attentive to Your Needs · Experienced & Knowledgeable Equipment Performance · Low Cost Ef cient Operation · No Cool-Down Between Cases · Fast Processing Times · Longer Equipment Life · Obese Case Capacity · Fully Automated Controls Call 321.282.7357 We build the best and service the rest. Carriage Services Announces First Quarter Results and Quarterly Dividend Another Wisconsin Funeral Home joins Pinnacle Funeral Service Paul Haarer their businesses to a public- ly traded company. “We favor the kind of ar- rangement that will allow families to continue to be served with compassion and care by people already in the community,” Haarer said. “Local, family-owned businesses like Hartson are a great fit for Pinnacle, be- cause we can offer a unique succession plan to meet owner’s individual needs.” Pinnacle’s strength is in offering owners the assurance that their hard work and dedicated staff will continue to set the tone with local cus- tomers and families who have turned to them for decades. NewBridge Group assisted with the funeral home valu- ation of the purchase. HOUSTON,TX— Carriage Servic- es, Inc . (NYSE: CSV) announced results for the first quarter 2019. For the three months ended March 31, 2019 compared to three months ended March 31, 2018: • Total Revenue of $69.1 million, a decrease of 5.9%; • Net Income of $6.5 million, a de- crease of 30.3%; • GAAP Diluted Earnings Per Share of $0.36, a decrease of 30.8%; Mel Payne , Chief Executive Offi- cer, stated, “We got off to a good start with our performance relative to our annual theme of CARRIAGE SER- VICES 2019: Back To The Future – A NEW BEGINNING – PART II! “We have experienced broadly posi- tive lift in both our funeral and ceme- tery portfolios from the recent opera- tional leadership changes and reboot of our Standards Operating Model. Overhead and non-cash stock com- pensation costs have also declined as anticipated from the previously an- nounced leadership changes, can- cellation of performance awards and overall cost management. “Speaking on behalf of all our lead- ership as well as our Board of Direc- tors, we have also moved from being optimistic about the future of Carriage because of the transformative changes since October 1, 2018 to being com- pletely confident in our success in 2019 and thereafter. We are therefore reaffirming our Rolling Four Quarter Outlook for the period ending March 31, 2020,” concluded Mr. Payne. Carriage Services, Inc. announced that its Board of Directors on April 25, 2019 declared the quarterly div- idend of 7.5¢ per share payable on June 3, 2019 to common share re- cord holders as of May 13, 2019. Carriage Services is a leading provid- er of funeral and cemetery services and merchandise in the United States. Car- riage operates 181 funeral homes in 29 states and 29 cemeteries in 11 states. ATLANTA,GA— Pinnacle Funeral Service, LLC is pleased to announce its recent acquisition of Hartson Funeral Home, Inc and Wisconsin Cremation Services, LLC. The two businesses, which are located in Hales Corners, have been serving southeastern Wisconsin since 1989. Founders Gary and Christine “Missy” Hartson have developed their clientele substantially over the past 30 years, and together they are now serving more than 500 families annually. “We are proud to be the succession-planning partner for the Hartsons,” Paul Haarer, CEO of Pinnacle, said. “Having been a part of the Wisconsin funeral service landscape for a number of years, we’ve taken notice of the solid business that Gary and Missy have built. They’ve worked hard and we admire that.” With this acquisition, Pinnacle strengthens its position in Greater Milwaukee, owning a growing number of high- quality funeral homes in the state of Wisconsin. Pinnacle plans to continue to be active in acquiring funeral homes, giving retiring owners an important alternative to selling Send Us Your News! PO Box 5159, Youngstown, OH 44514 FUNERAL HOME & CEMETERY NEWS Fax 1-800-321-9040 info@nomispublications.com