Category: Finance

Press Releases

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

Park Lawn Corporation Announces $135 Million Bought Deal Offering of Common Shares

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. TORONTO, ONTARIO (August 16, 2021) – Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company“) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters“) co-led by Scotiabank and National Bank Financial Inc. pursuant to which the Underwriters have agreed to purchase 3,710,000 common shares (the “Common Shares“) at a price of $36.40 per Common Share, on a bought deal basis, for gross proceeds of approximately $135 million (the “Offering“). The Company also granted the Underwriters an option to purchase up to an additional 371,000 Common Shares on the same terms and conditions, exercisable at any time, in whole

Park Lawn Corporation Announces Strong Q2 2021 Performance and Two New Acquisitions

Marching Closer to the Achievement of its 2022 Goals TORONTO, ONTARIO (August 12, 2021) – Today, Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) announced its results for the second quarter (“Q2”) ended June 30, 2021. Through both its growth and integration initiatives, PLC continues to improve quarter-over-quarter resulting in an impressive Q2 2021 performance. The Company experienced growth in revenue, net earnings, Adjusted Net Earnings, Adjusted EBITDA, and Adjusted EBITDA margin: J. Bradley Green, Chief Executive Officer of PLC, stated: “After a strong second quarter, we have solidified an impressive first half to 2021. Even with the anticipated lessening effect of COVID-19 on the at-need volume of our comparable businesses, we saw the total funeral home call volume increase

Park Lawn Corporation Announces May 2021 Dividend

TORONTO, ONTARIO–(May 21, 2021) – Park Lawn Corporation (TSX:PLC) ( “PLC”) announced today that the monthly dividend of $0.038 per share will be payable on June 15, 2021 to shareholders of record as at May 31, 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, if

Park Lawn Corporation Releases Strong Q1 2021 Results

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 Announces April 2021 Dividend

TORONTO, ONTARIO–(April 23, 2021) – Park Lawn Corporation (TSX:PLC) ( “PLC”) announced today that the monthly dividend of $0.038 per share will be payable on May 17, 2021 to shareholders of record as at April 30, 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, if

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

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 Announces March 2021 Dividend

TORONTO, ONTARIO–(March 23, 2021) – Park Lawn Corporation (TSX:PLC) ( “PLC”) announced today that the monthly dividend of $0.038 per share will be payable on April 15, 2021 to shareholders of record as at March 31, 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, if

Park Lawn Year-End 2020 Financial Results Released on Tuesday, March 30, 2021 and Earnings Conference Call on Wednesday, March 31, 2021 at 9:30 a.m. (EST)

TORONTO, ONTARIO – (March 16, 2021)  – Park Lawn Corporation (TSX: PLC) (“PLC”)  announced today that it will release its year-end financial results for 2020 on Tuesday, March 30, 2021. PLC will host a conference call at 9:30 a.m. (EST) on Wednesday, March 31, 2021 to discuss its Q4 2020 financial results. Details of the conference call are as follows: Date: Wednesday, March 31, 2021 Time: 9:30 a.m. EST Dial-in Number: Local (647) 427-7450 | Toll Free (888) 231-8191 | Conference ID: 8367200 To ensure your participation, please join approximately five minutes prior to the scheduled start of the conference call. About Park Lawn Corporation PLC provides goods and services associated with the disposition and memorialization of human remains. Products and

Park Lawn Corporation Announces February 2021 Dividend

TORONTO, ONTARIO–(February 19, 2021) – Park Lawn Corporation (TSX:PLC) ( “PLC”) announced today that the monthly dividend of $0.038 per share will be payable on March 15, 2021 to shareholders of record as at February 26, 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, if

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