Accomplishments Archives | Park Lawn Corporation

Park Lawn Announces Going Private Transaction with Homesteaders Life Company and Birch Hill Equity Partners

June 3, 2024

Park Lawn Shareholders to Receive Consideration of $26.50 Per Share in Cash TORONTO, ONTARIO – June 3, 2024 — Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC“) today announced that it has entered into an arrangement agreement (the “Arrangement Agreement“) with Viridian Acquisition Inc. (the “Purchaser“), an affiliate of Homesteaders Life Company (“Homesteaders“) and Birch Hill Equity Partners Management Inc. (“Birch Hill” and together with Homesteaders, the “Purchaser Group“), pursuant to which the Purchaser will acquire all of the issued and outstanding common shares of Park Lawn (the “Shares” and each, a “Share“) for a price of $26.50 per Share (the “Consideration“) in an all-cash transaction valued at approximately $1.2 billion, including Park Lawn’s net debt (the “Transaction“).

Park Lawn Corporation Releases Strong Q1 2021 Results

May 13, 2021

TORONTO, ONTARIO (May 13, 2021) – Today, Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) announced its results for the first quarter (“Q1”) ended March 31, 2021. PLC continued its solid performance into Q1 2021, which included significant growth in revenue, net earnings, Adjusted Net Earnings, Adjusted EBITDA, and Adjusted EBITDA margin: J. Bradley Green, Chief Executive Officer of PLC, stated: “Similar to the fourth quarter of 2020, we experienced continued operational excellence from our PLC team in the first quarter of 2021. As compared to Q1 2020, net revenue from comparable operations grew approximately 21% and Adjusted EBITDA margin increased 300 basis points to 27.2%, further demonstrating our commitment to improving upon our existing operations and integrating our recent

Park Lawn Corporation Finishes 2020 with Exceptional Financial Results, and Furthers its Commitment to Growth by Announcing Four New Acquisitions

March 30, 2021

TORONTO, ONTARIO (March 30, 2021) – Today, Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) announced its results for the fourth quarter (“Q4”) and year ended December 31, 2020. PLC finished 2020 with a powerful performance in Q4, which included achieving significant growth in revenue, net earnings, Adjusted Net Earnings, Adjusted EBITDA, and Adjusted EBITDA margin: “Despite the adversities posed by COVID-19, PLC finished the year with the strongest fourth quarter it has seen in its history. Not only did we see a tremendous financial performance with double-digit plus growth across the board, but we also witnessed how the integration of our legacy businesses brought the Company together as one cohesive operating unit. The ability to persevere in 2020’s challenging environment

Park Lawn Corporation Releases Q2 2020 Results and Provides COVID-19 Update

August 13, 2020

TORONTO, Aug. 13, 2020 /CNW/ – Today, Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company“) announced its results for the second quarter (“Q2“) ended June 30, 2020. The results show strong revenue growth, with an increase of 44.6% as compared to the same period in 2019. Net Earnings attributable to PLC shareholders were $6,632,514 in Q2 2020 compared to $1,458,782 in Q2 2019. On a fully diluted per share basis, this represents $0.223 for 2020, as compared to $0.049 in 2019. “Thanks to the hard work, dedication and commitment of our team, we had an exceptional second quarter in a challenging environment. As we continue to navigate through trying times, our integration efforts established a strong foundation which has allowed us to quickly adapt to a changing operating environment, as well as

Park Lawn Corporation Announces Election of Directors, Appoints J. Bradley Green as CEO, Jay Dodds as President and COO and Appoints both Mr. Green and Mr. Dodds to the Board of Directors

June 22, 2020

TORONTO, ONTARIO (June 22, 2020) – Park Lawn Corporation (TSX: PLC) (“Park Lawn” or the “Company”) announced today that each of the six nominees listed in its management information circular dated May 5, 2020 was elected as a director of Park Lawn at the Annual and Special Meeting of Shareholders held virtually on June 22, 2020. The vote was conducted by online ballot. Detailed results of the votes cast at the meeting are set out below: The Company also announced the appointment of J. Bradley Green as Chief Executive Officer and Jay D. Dodds as President and Chief Operating Officer. Both individuals were appointed to the Company’s Board of Directors following the annual meeting. Mr. Green assumed the role as Interim

Park Lawn Corporation Releases Q1 2020 Results and Provides COVID-19 Updates

May 12, 2020

TORONTO, ONTARIO (May 12, 2020) – Today, Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) announced its results for the first quarter (“Q1”) ended March 31, 2020. The results show strong revenue growth, with an increase of 47.5% as compared to the same period in 2019. Net Earnings attributable to PLC shareholders were $734,057 in Q1 2020 compared to $3,325,247 in Q1 2019. On a fully diluted per share basis, this represents $0.025 for 2020, as compared to $0.141 in 2019. Earned $17.1 million in adjusted EBITDA this quarter representing approximately $0.58 per common share, an increase of 45.6% and 15.9% respectively over the same period last year Adjusted EBITDA margin improved to 23.3% in the first quarter of 2020,

PLC Completes Acquisition of Family Legacy, LLC and WG-TN, LLC

January 31, 2020

Strategically expands U.S. footprint into Tennessee TORONTO, January 31, 2020/CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC” or “Park Lawn”) is pleased to announce that it has completed the previously announced acquisition of all of the outstanding stock and membership interests of Family Legacy, LLC (“Family Legacy”), a business with 12 locations operating in the greater Nashville, Tennessee area, as well as all of the outstanding membership interests in WG-TN, LLC (“Harpeth Hills”), a large combination business located in Nashville, Tennessee. The acquisition excludes one stand-alone funeral home that Park Lawn initially intended to acquire from Family Legacy. As a result, the purchase price for Family Legacy has been proportionately reduced and, in the first full year of operations following

Park Lawn Corporation Releases Q3 2019 Results

November 12, 2019

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“). After adjusting for the impact of foreign exchange, revenue growth from comparable business units increased by 3.1% year over year and 3.7% for the quarter Adjusted EBITDA margin increased to 22.9% in Q3 2019 from 21.9% for the same period in 2018 “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

Park Lawn Corporation Recognized As Top Performer

September 26, 2019

Listed among 30 companies with strongest share price appreciation in recent years TORONTO, ONTARIO – (September 26, 2019) Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”), the largest publicly-traded, Canadian-owned funeral, cremation and cemetery provider, was recognized this morning as an inaugural member of the Toronto Stock Exchange’s TSX30. The TSX30 is a new program designed to celebrate the 30 top-performing TSX stocks over the last three years, based on dividend-adjusted share price appreciation. “The last three years have been transformative for our business. We’re thrilled to have been recognized as a TSX and Canadian success story,” said Andrew Clark, CEO of PLC. “The dynamic team at PLC has played an instrumental role in delivering strong returns for our

Park Lawn Corporation Releases Q2 2019 Results

August 12, 2019

PLC continues to show strong revenue & per share growth for the first half of 2019 TORONTO, ONTARIO – (August 12, 2019) Today, Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) released its second quarter results for 2019 (“Q2 2019“). • After adjusting for the impact of foreign exchange, revenue growth from comparable business units increased by 3.2 % year over year and 3.5% for the quarter. • Adjusted EBITDA margin increased to 22.6% in Q2 2019 from 21.1% for the same period in 2018. “PLC delivered strong per share growth for our shareholders through solid operating results for the first half of 2019. PLC continues the successful execution of its business plan focusing on acquisitions and organic growth

Category: Accomplishments

Press Releases

Park Lawn Announces Going Private Transaction with Homesteaders Life Company and Birch Hill Equity Partners

Park Lawn Corporation Releases Strong Q1 2021 Results

Park Lawn Corporation Finishes 2020 with Exceptional Financial Results, and Furthers its Commitment to Growth by Announcing Four New Acquisitions

Park Lawn Corporation Releases Q2 2020 Results and Provides COVID-19 Update

Park Lawn Corporation Announces Election of Directors, Appoints J. Bradley Green as CEO, Jay Dodds as President and COO and Appoints both Mr. Green and Mr. Dodds to the Board of Directors

Park Lawn Corporation Releases Q1 2020 Results and Provides COVID-19 Updates

PLC Completes Acquisition of Family Legacy, LLC and WG-TN, LLC

Park Lawn Corporation Releases Q3 2019 Results

Park Lawn Corporation Recognized As Top Performer

Park Lawn Corporation Releases Q2 2019 Results

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