Finance

Press Releases

Park Lawn Corporation Announces Fourth Quarter and Year-End 2023 Results, Appointment of New Director and its 2024 Financial Outlook

TORONTO, ONTARIO/March 7, 2024/ACCESSWIRE – Today, Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC”) announced its financial operating results for the fourth quarter (“Q4”) and year ended December 31, 2023, the appointment of a new director and its 2024 financial outlook. Financial Results from Q4 and the Year Ended 2023 “Our focus on operational efficiency and cost management contributed to improved profitability and bottom-line growth during the 2023 calendar year,” stated J. Bradley Green, Chief Executive Officer. Mr. Green continued, “In addition, during the fourth quarter, we achieved an important milestone in the Company’s history through the strategic disposition of certain legacy businesses which has allowed us to reshape our platform and reallocate resources to support a more

Park Lawn Corporation Announces Q3 2023 Results

TORONTO, ONTARIO (November 9, 2023) – Today, Park Lawn Corporation (TSX: PLC; PLC.U) (“PLC”, “Park Lawn”, or the “Company”) announced its financial operating results for the third quarter (“Q3”) ended September 30, 2023. Financial Results for the Three-Month Period Ended September 30, 2023[1]: “We had a solid operational performance in the third quarter,” said J. Bradley Green, Chief Executive Officer of PLC.  Mr. Green continued, “While the death rate continued to pull back, resulting in an overall decrease in call volume as compared to the third quarter of 2022, our operations were able to largely offset this trend through sustained growth in market share and modestly increasing our average revenue per contract on the funeral side and growing pre-need sales

Park Lawn Corporation Announces Q2 2023 Results

TORONTO, ONTARIO (August 10, 2023) – Today, Park Lawn Corporation (TSX: PLC; PLC.U) (“PLC”, “Park Lawn”, or the “Company”) announced its financial operating results for the second quarter (“Q2”) ended June 30, 2023. Financial Results for the Three-Month Period Ended June 30, 2023[1]: J. Bradley Green, Chief Executive Officer of PLC, commented, “We are proud of our operating results this quarter as our overall performance demonstrates the ability of our team to incrementally improve their business operations in a challenging macroeconomic environment while simultaneously staying true to our mission to deliver the highest level of service to our families.”  Mr. Green continued, “Despite a slightly depressed death rate, we were nonetheless able to maintain strong market share in the communities

Park Lawn Corporation Announces Fourth Quarter 2022 Financial Results and Achievement of 2022 Aspirational Growth Target

TORONTO, ONTARIO (March 2, 2023) – Today, Park Lawn Corporation (TSX: PLC; PLC.U) (“PLC”, “Park Lawn”, or the “Company”) announced its financial operating results for the fourth quarter (“Q4”) and year ended December 31, 2022. Financial Results from Q4 and the Year Ended 2022 J. Bradley Green, Chief Executive Officer of PLC commented, “We are pleased with our fourth quarter 2022 year-end operating results as compared to the heavily COVID-19 impacted fourth quarter and year-end 2021. While the Centers for Disease Control and Prevention identified a sharp decline in the U.S. national death during the year, our decrease in call volume was notably less than the national decline, as well as that of our peers. Further, as we experienced this

Park Lawn Corporation Announces Normal Course Issuer Bid

TORONTO, ONTARIO – (August 11, 2022) – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC“) announced today that it has received approval from the Toronto Stock Exchange (the “TSX“) respecting the establishment of a normal course issuer bid (“NCIB“). Under the NCIB, PLC may, during the twelve-month period commencing August 17, 2022 and ending August 16, 2023 purchase up to 3,385,439 common shares (“Common Shares“) representing 10% of its public float of issued and outstanding Common Shares. As at August 8, 2022, there are 34,073,818 Common Shares issued and outstanding and 33,854,396 Common Shares estimated in the “public float”, calculated in accordance with TSX rules. All Common Shares purchased by PLC under the NCIB will be cancelled or transferred to and held

Park Lawn Corporation Announces Results of 2022 Annual and Special Meeting of Shareholders

TORONTO, ONTARIO (June 1, 2022) – Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or the “Company”) announced the results from its Annual and Special Meeting of Shareholders (the “Meeting”) held earlier today. A total of 22,773,765 of Park Lawn’s common shares (“Shares”) (representing approximately 66.97% of the issued and outstanding Shares as of the record date for the meeting) were represented at the Meeting. The vote was conducted by online ballot. Each of Park Lawn’s eight directors were elected at the Meeting by a resolution passed by the shareholders present or represented by proxy at the Meeting, to hold office until the close of the next annual meeting of shareholders. The results of the vote are detailed below: Nominee

Park Lawn Corporation Releases Q1 2022 Results

TORONTO, ONTARIO (May 12, 2022) – Today, Park Lawn Corporation (TSX: PLC; PLC.U) (“PLC” or the “Company”) announced its results for the first quarter (“Q1”) ended March 31, 2022. The Company had a solid performance achieving strong growth in Net Revenue, Net Earnings, Adjusted Net Earnings1, and Adjusted EBITDA1: “We are pleased with our first quarter results and performance against a very difficult comparison in the first quarter of 2021. As we previously predicted and communicated, we are seeing less impact from the pandemic on our businesses. Irrespective of the decline in impact, we continue to see strong operating performance from our comparable operations as well as through our active acquisition pipeline,” said J. Bradley Green, Chief Executive Officer. “Specifically,

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 September 2021 Dividend

TORONTO, ONTARIO – (September 22, 2021) – Park Lawn Corporation (TSX:PLC) (“PLC”) announced today that the monthly dividend of $0.038 per share will be payable on October 14, 2021 to shareholders of record as at September 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,

Park Lawn Corporation Announces Successful Closing of Common Share Offering for Gross Proceeds of Approximately C$148.5 Million, Including Full Exercise of Over-Allotment Option

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. TORONTO, ONTARIO (September 3, 2021) – Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company“) is pleased to announce that it has completed its previously announced public offering of common shares (the “Common Shares“) with a syndicate of underwriters co-led by Scotiabank and National Bank Financial Inc., and including CIBC Capital Markets, Cormark Securities Inc., RBC Capital Markets, TD Securities Inc., Acumen Capital Finance Partners Limited, Stifel GMP and Paradigm Capital Inc., on a “bought deal” basis. A total of 4,081,000 Common Shares were issued at a price of C$36.40 per Common Share for total gross proceeds of approximately C$148.5 million (the “Offering“), which includes proceeds from

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