Press Releases

Search

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 Announces May 2020 Dividend

May 25, 2020

TORONTO, ONTARIO–(May 25, 2020) – Park Lawn Corporation (TSX:PLC) ( “PLC”) announced today that the monthly dividend of $0.038 per share will be payable on June 15, 2020 to shareholders of record at May 29, 2020. 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 any,

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,

Park Lawn Q1 2020 Financial Results Released on Tuesday, May 12, 2020 and Earnings Conference Call on Wednesday, May 13, 2020 at 9:30 am (EST)

May 5, 2020

TORONTO, ONTARIO – (May 4, 2020)  – Park Lawn Corporation (TSX: PLC) (“PLC”)  announced today that it will release its Q1 financial results for 2020 on Tuesday May 12, 2020. PLC will host a conference call at 9:30 am (EST) on Wednesday May 13, 2020 to discuss its Q1 2020 financial results. Details of the conference call are as follows: Date: Wednesday, May 13, 2020 Time: 9:30am EST Dial-in Number: Local (647) 427-7450 | Toll Free (888) 231-8191 | Conference ID: 3167651 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

Park Lawn Corporation Announces April 2020 Dividend

April 29, 2020

TORONTO, ONTARIO–(April 23, 2020) – Park Lawn Corporation (TSX:PLC) ( “PLC”) announced today that the monthly dividend of $0.038 per share will be payable on May 15, 2020 to shareholders of record at April 30, 2020. 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 any,

Park Lawn Corporation Finishes 2019 with Strong Year-Over-Year Growth, Responds to COVID-19 Challenges and Appoints J. Bradley Green as Interim CEO

March 30, 2020

Exhibits continued execution of growth strategy with six acquisitions valued at approximately $180 million and successful integration of US platform  Moves towards aspirational growth target of $100 million in pro forma Adjusted EBITDA TORONTO, ONTARIO (March 30, 2020) – Today, Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) announced its results for the fourth quarter (“Q4”) and year ended December 31, 2019. The results show strong revenue growth, with a year-over-year increase of 51.3% and an increase of 36.2% for Q4, as compared to the same period in 2018. Net Earnings attributable to PLC shareholders were $6,906,841 in 2019 compared to $6,722,456 in 2018. On a fully diluted per share basis, this represents $0.246 for 2019, as compared to $0.325

Park Lawn Corporation Accelerates Development of the Eternal Sunset Memorial Park and Cemetery

March 5, 2020

Approximately 12,000 new lots have been developed since November 2018. Phase 2 construction is underway with 6,000 new lots expected to be developed by the end of 2020 March 5, 2020 – CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to provide an update on the continuing development of the 78-acre Eternal Sunset Memorial Park and Cemetery in Lafayette, New Jersey. Since November 2018, PLC has developed and opened approximately 12,000 new lots in inventory, having sold lots to multiple associations and hundreds of families.  The Company has also begun development of another 6,000 lots, with an anticipated completion date of December 31, 2020. “The progress we’ve made at Eternal Sunset is one of PLC’s biggest

Growth Strategy Execution Continues with Construction Launch of On-Site Funeral Visitation and Reception Centre at Westminster Cemetery

March 2, 2020

New 32,100 square foot facility will be Park Lawn’s first on-site funeral visitation and reception centre in Canada TORONTO, March 2, 2020/CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to announce that construction of an on-site funeral visitation and reception centre at the Westminster Cemetery in Toronto, Ontario is now underway. The 32,100 square foot facility will be the Company’s first on-site funeral visitation and reception centre in Canada. Park Lawn currently owns 18 on-site funeral homes as part of its PLC portfolio, which provide the highest margins of all business units. The CAD$15 million construction project at Westminster Cemetery began in January 2020 with site plan approvals, initial road work and site services well

PLC: CEO Completes Highly Successful Run; Announces Transition Plan

February 18, 2020

New CEO search underway as Chairman and CEO Andrew Clark moves on to next career challenge Company well-positioned for new phase of growth; reaffirms growth targets and expresses confidence in management team TORONTO, February 18, 2020/CNW/ – Park Lawn Corporation (TSX: PLC) (“PLC” or “Park Lawn”) announces Andrew Clark has advised the board of directors (the “Board”) that he will be stepping down as Chairman and CEO of PLC.  Until a new CEO is appointed, Mr. Clark will continue as CEO and work closely with the Board and management to ensure a smooth transition. Paul G. Smith, who has been a director of PLC for three years, will assume the role of Chairman effective today. “It has been a tremendous

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

Categories
Categories
Archives
Stay Up to Date

Join our mailing list here.

Subscribe
Next Page