Category: Quarterly Results

Press Releases

Park Lawn Corporation Announces First Quarter 2024 Dividend

TORONTO, ONTARIO – (MARCH 22, 2024) – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC”) announced today that the quarterly dividend of $0.114 per share will be payable on April 15, 2024 to shareholders of record as at March 29, 2024. 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

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 Second Quarter 2023 Financial Results Released on Thursday, August 10, 2023 and Earnings Conference Call on Friday, August 11, 2023 at 9:30 a.m. (EST)

TORONTO, ONTARIO – (July 28, 2023)  – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC”)  announced today that it will release its second quarter financial results for 2023 on Thursday, August 10, 2023.  PLC will host a conference call at 9:30 a.m. (EST) on Friday, August 11, 2023 to discuss its Q2 2023 financial results.  Details of the conference call are as follows:  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 services are sold on a pre-planned basis (pre-need) or at the time of a death (at-need). PLC and its subsidiaries own

Park Lawn Corporation Announces Q1 2023 Results

TORONTO, ONTARIO (May 11, 2023) – Today, Park Lawn Corporation (TSX: PLC; PLC.U) (“PLC”, “Park Lawn”, or the “Company”) announced its financial operating results for the first quarter (“Q1”) ended March 31, 2023. Financial Results for the Three-Month Period Ended March 31, 2023[1]: J. Bradley Green, Chief Executive Officer of PLC, commented, “We are pleased with our operating performance from the first quarter as it demonstrates strength against a tough comparison under challenging macroeconomic conditions.  As the impacts of COVID-19 wane, our focus continues to be on implementing incremental improvements in our operations and making selective and strategic growth decisions that drive shareholder value. Overall, for the quarter, this strategy resulted in a slight increase in our average revenue per

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 Releases Q3 2022 Results

TORONTO, ONTARIO (November 9, 2022) – Today, Park Lawn Corporation (TSX: PLC; PLC.U) (“PLC”, “Park Lawn”, or the “Company”) announced its operating results for the third quarter (“Q3”) ended September 30, 2022: “Our third quarter operating results exceeded our expectations as it relates to the comparable COVID-19 impacted quarter and in light of the anticipated and continued decline in the death rate,” stated J. Bradley Green, Chief Executive Officer. Mr. Green further commented, “We attribute this performance to the sharp focus of our operations teams. While we saw the national death rate fall sharply during the quarter, Park Lawn’s same store call volume decreased significantly less than the national average and that of our peers, demonstrating market share strength. We

Park Lawn Third Quarter 2022 Financial Results Released on Wednesday, November 9, 2022 and
Earnings Conference Call on Thursday, November 10, 2022 at 9:30 a.m. (EST)

TORONTO, ONTARIO – (October 27, 2022)  – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC”)  announced today that it will release its third quarter financial results for 2022 on Wednesday, November 9, 2022.  PLC will host a conference call at 9:30 a.m. (EST) on Thursday, November 10, 2022 to discuss its Q3 2022 financial results.  Details of the conference call are as follows:  Date: Thursday, November 10, 2022 Time: 9:30 a.m. EST Dial-in Number:  Toll Free (877) 545-0320 | Conference ID: 624678 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 services are

Park Lawn Corporation Releases Q2 2022 Results and Announces Appointment of New Directors to the Board

TORONTO, ONTARIO (August 11, 2022) – Today, Park Lawn Corporation (TSX: PLC; PLC.U) (“PLC”, “Park Lawn”, or the “Company”) announced its results for the second quarter (“Q2”) ended June 30, 2022: “As the death rate normalized over the second quarter, we experienced a meaningful decrease in national mortality which affected our cemetery operations more significantly than our funeral homes. Specifically, we saw a decrease in our at-need cemetery sales as a direct result of the decrease in the death rate and, related thereto, a decrease in pre-need property sales in certain of our businesses. In connection with this expected pull-back, we worked to leverage our position in the markets in which we operate through pricing adjustments, as well as through

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