Quarter shows steady organic growth and solid overall results
TORONTO, ONTARIO –November 12, 2019 Today, Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) released its third quarter results for 2019 (“Q3 2019“).
“PLC had a steady quarter, with strong organic growth and margin expansion. We remain focused on integration of the US platform as well as continuing to look for both organic growth and acquisition opportunities in both the US and Canada to further expand our operational footprint,” said Andrew Clark, PLC’s Chairman & Chief Executive Officer.
PLC will host a conference call to discuss its Q3 2019 financial results on Wednesday, November 13, 2019. Details of the conference call are as follows:
PLC provides goods and services associated with the disposition and memorialization of human remains. Products and services are sold on a pre-planned basis (pre-need) or at the time of a death (at-need). PLC and its subsidiaries own and operate businesses including cemeteries, crematoria, funeral homes, chapels, planning offices and a transfer service. PLC has a North American wide platform with operations in five Canadian provinces and fourteen U.S. States.
Adjusted EBITDA, and their related per share amounts, and Adjusted EBITDA margin are not measures recognized under IFRS and do not have standardized meanings prescribed by IFRS. Such measures are presented in this news release because management of PLC believes that such measures are relevant in evaluating PLC’s operating performance. Such measures, as computed by PLC, may differ from similar computations as reported by other similar organizations and, accordingly, may not be comparable to similar measures reported by such other organizations. Please see PLC’s most recent Management’s Discussion and Analysis for how the Company reconciles Adjusted EBITDA and their related per share amount, and Adjusted EBITDA margin to the nearest IFRS measure.
Cautionary Statement Regarding Forward‐Looking Information
This news release may contain forward-looking statements (within the meaning of applicable securities laws) relating to the business of PLC and the environment in which it operates. Forward-looking statements are identified by words such as “believe”, “anticipate”, “project”, “expect”, “intend”, “plan”, “will”, “may”, “estimate”, “pro-forma” and other similar expressions. These statements are based on PLC’s expectations, estimates, forecasts and projections and include, without limitation, statements regarding PLC future growth initiatives. The forwardlooking statements in this news release are based on certain assumptions, including those regarding present and future business strategies, the environment in which the PLC will operate in the future, expected revenues, expansion plans and the PLC’s ability to achieve its goals. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, the factors discussed under the heading “Risk Factors” in PLC’s Annual Information Form available at www.sedar.com. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, PLC assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
* CLICK HERE to listen to the Quarterly Conference Call
* CLICK HERE to view the detailed Quarterly Report
Chairman & Chief Executive Officer
Chief Financial Officer
VP, Business Development & Corporate Affairs