Latest News
PLC Continues its Strategic Expansion
TORONTO, October 14, 2021/CNW/ - Park Lawn Corporation (TSX: PLC) (“PLC”) is pleased to announce that it has entered into a definitive agreement to acquire substantially all of the assets of Pugh Funeral Homes and New Hope Memorial Gardens (collectively “Pugh”), a business consisting of five funeral homes and one cemet...READ MORE
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Acquisitions
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Park Lawn Corporation Acquires Malcolm, Deavitt & Binhammer Funeral Home Limited
TORONTO, ONTARIO – (October 1, 2021)- Park Lawn Corporation (TSX:PLC) (“PLC” or “Park Lawn”) is pleased to announce that it has acquired the assets of Malcolm, Deavitt & Binhammer Funeral Home Limited (“MDB”), a funeral home business in Pembroke, Ontario....READ MORE
General
Funerals
Acquisitions
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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....READ MORE
Dividends
Finance
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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
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 Fi...READ MORE
General
Finance
Press Releases
Park Lawn Corporation Announces August 2021 Dividend
TORONTO, ONTARIO--(August 24, 2021) - Park Lawn Corporation (TSX:PLC) ( “PLC”) announced today that the monthly dividend of $0.038 per share will be payable on September 15, 2021 to shareholders of record as at August 31, 2021....READ MORE
General
Dividends
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Quarterly Reports
Park Lawn Corporation Announces Upsize to Credit Facility
CIBC Joins PLC's Banking Syndicate
TORONTO, ONTARIO--(November 25, 2019) - Park Lawn Corporation (TSX:PLC) (“PLC”) is pleased to announce an increase to its syndicated bank financing arrangement as well as the addition of CIBC to the syndicate led by National Bank of Canada and including Bank of Montreal, Bank of America and The Toronto-Dominion Bank.
Park Lawn Corporation Releases Q3 2019 Results
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“).
Park Lawn Corporation Recognized As Top Performer
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.
Park Lawn Corporation Releases Q2 2019 Results
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“).
Park Lawn Q2 2019 Financial Results Released on Monday, August 12, 2019 and Earnings Conference Call on Tueday, August 13, 2019 at 9:30 AM EST
TORONTO, ONTARIO – (August 2, 2019) – Park Lawn Corporation (TSX: PLC) (“PLC”) announced today that it will release its Q2 financial results for 2019 on Monday August 12, 2019. PLC will host a conference call at 9:30 am (EST) on Tuesday August 13, 2019 to discuss its Q2 2019 financial results. Details of the conference call are as follows:
July 2, 2019 - Park Lawn Corporation Completes Acquisition of Horan & McConaty Funeral Services, LLC
Park Lawn Corporation Completes Acquisition of Horan & McConaty Funeral Services, LLC
Expands US footprint with first acquisition in Colorado
TORONTO, July 2, 2019 /CNW/ - Park Lawn Corporation (TSX: PLC) ("PLC" or the "Company") is pleased to announce that it has completed the previously announced acquisition of all the outstanding equity of Horan & McConaty Funeral Services ("Horan"). Horan, formerly owned by John Horan, operates two cemeteries and eleven funeral homes (including two on sites) in the high growth Denver Metropolitan Area.
Park Lawn Acquires Integrity Funeral Care
Significantly increases footprint and presence in Missouri
TORONTO, June 27, 2019 /CNW/ - Park Lawn Corporation (TSX: PLC) ("PLC") is pleased to announce that, effective June 25, 2019, it completed the purchase of the assets of Integrity Funeral Care, a funeral business located in Houston, Texas.
Park Lawn Corporation Completes Acquisition of The Baue Funeral Home Co.
Significantly increases footprint and presence in Missouri
TORONTO, June 4, 2019 /CNW/ - Park Lawn Corporation (TSX: PLC) ("PLC" or the "Company") is pleased to announce that it has completed the previously announced acquisition of all the outstanding stock and membership interests of The Baue Funeral Home Co. ("Baue").
Park Lawn Corporation Releases Q1 2019 Results
Strong operating results in a busy quarter translate to solid per share growth
TORONTO, ONTARIO – (May 14, 2019) Today, Park Lawn Corporation (TSX: PLC) (“PLC”) released its first quarter results for 2019 (“Q1 2019“).
Park Lawn Corporation to Acquire Horan & McConaty Funeral Services, Inc. and The Baue Funeral Home Co.
TORONTO, May 8, 2019 /CNW/ - Park Lawn Corporation (TSX: PLC) ("PLC" or the "Company") is pleased to announce that it has entered into definitive agreements to acquire all of the outstanding stock and membership interests of two U.S. businesses: Horan & McConaty Funeral Services, Inc. ("Horan") and The Baue Funeral Home Co. ("Baue"), for an aggregate total purchase price of approximately US$101.5 million in cash, subject to customary working capital adjustments.
Park Lawn Corporation Acquires John L. Ziegenhein & Sons Undertakers Inc.
Expands operations in Missouri with acquisition of two funeral homes
Park Lawn Corporation is pleased to announce that it has acquired substantially all the outstanding assets of John L. Ziegenhein & Sons Undertakers Inc. (“Ziegenhein Funeral Homes”), a two- location funeral business in St. Louis, Missouri for a purchase price of approximately US$4.2 million.
Park Lawn Corporation Announces Successful Closing of Common Share Offering for Gross Proceeds of Over C$143 Million
Park Lawn Corporation (TSX:PLC) is pleased to announce that it has completed its previously announced offering of common shares (“Common Shares”) with a syndicate of underwriters co-led by National Bank Financial Inc., CIBC Capital Markets and Cormark Securities Inc. (the “Co-Lead Underwriters”) and including Acumen Capital Finance Partners Limited, Raymond James Ltd., TD Securities Inc., Canaccord Genuity Corp., GMP Securities L.P., Paradigm Capital Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc. and Scotia Capital Inc. (together with the Co-Lead Underwriters, the “Underwriters”), on a bought deal basis. A total of 5,605,100 Common Shares were issued at a price of $25.65 per Common Share for total gross proceeds of $143,770,815 (the “Offering”), which includes proceeds from the full exercise of an over-allotment option to purchase an additional 731,100 Common Shares.
Park Lawn Corporation Announces $125 Million Bought Deal Offering and Successful Completion of Cress Funeral Service Acquisition
Expands U.S. operations into Wisconsin with acquisition of 8 funeral homes and 2 crematoria
TORONTO, ONTARIO (April 1, 2019) - 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 National Bank Financial Inc., CIBC Capital Markets and Cormark Securities Inc. to issue 4,874,000 common shares (the “Common Shares”) at a price of $25.65 per Common Share, on a bought deal basis, for gross proceeds of approximately $125 million. (the “Offering”). The Company has also granted the Underwriters an option to purchase up to an additional 731,100 Common Shares on the same terms and conditions, exercisable at any time, in whole or in part, up to 30 days after the closing of the Offering (the “Over-Allotment Option”).
Today, Park Lawn Corporation (TSX: PLC) (“PLC”) announced its results for the fourth quarter (“Q4”) and year ended December 31, 2018. The results show strong revenue growth, with a year-over-year increase of 84.9% and an increase of 95.2% for Q4, as compared to the same period in 2017. Net Earnings, attributable to PLC shareholders were $6,722,456 in 2018 compared to $4,196,814 in 2017. On a fully diluted per share basis, this represents $0.325 for 2018, as compared to $0.314 in 2017.
Park Lawn Corporation to Acquire Cress Funeral Service, Inc.
Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to announce the signing of a definitive agreement to acquire Cress Funeral Service, Inc. (“Cress Funeral Service”), an 8-location funeral business in Madison, Wisconsin, for US$20.3 million. Closing remains subject to regulatory approval which is expected in the second quarter of 2019.
Park Lawn Corporation Releases Q3 Results
Today, Park Lawn Corporation (TSX: PLC) (“PLC”) released its third quarter results for 2018 (“Q3 2018”). These results show increased revenue, earnings per share accretion and strong year-over-year growth.
PLC Makes Investment in Humphrey Funeral Home in Toronto
Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to announce it has made a $6.2 million secured debt investment in Humphrey Funeral Home A. W. Miles - Newbigging Chapel Limited (“Humphrey Funeral Home” or “Humphrey”) in Toronto, Ontario. Humphrey Funeral Home is a prestigious operation that has been serving Toronto families for over 135 years.
Park Lawn Corporation Completes Acquisition of Citadel Management
Park Lawn Corporation is pleased to announce it has completed the previously announced acquisition of all the outstanding membership interests of Citadel Management LLC (“Citadel”) for a purchase price of approximately US$12.9 million in cash, subject to customary working capital adjustments (the “Acquisition”).
PLC Continues to Expand Operations into North Carolina
Park Lawn Corporation is pleased to announce the purchase of Wells Funeral Homes and Cremation Services, a two-location funeral business in Waynesville and Canton, North Carolina.
PLC Continues to Expand Operations in Texas
Park Lawn Corporation is pleased to announce the purchase of Wayne Boze Funeral Home and Gateway Memorial Park, both located just outside Dallas in Waxahachie, Texas.
October 1, 2018 - Park Lawn Corporation Continues to Expand Operations in New Jersey & New York Area
PLC Continues to Expand Operations in New Jersey & New York Area
Park Lawn Corporation (TSX: PLC) ("PLC" or the "Company") is pleased to announce that its New Jersey affiliated cemetery, Restland Memorial Park Association, has completed its purchase of 78 acres of land in the Township of Lafayette, New Jersey.
Park Lawn Corporation Releases Q2 Results
Today, Park Lawn Corporation (TSX: PLC) (“PLC”) released its second quarter results for 2018.
Park Lawn Corporation Announces Increase to Credit Facility
Park Lawn Corporation (TSX:PLC) (“PLC”) is pleased to announce an amendment to its existing syndicated bank financing arrangement led by National Bank of Canada and including Bank of Montreal and The Toronto-Dominion Bank.
PLC Purchases Hansons Arbor Funeral Chapels & Crematorium in BC
Today, Park Lawn Corporation (TSX: PLC) (“PLC”) announced that is has completed the purchase of a multi-location funeral home business and a crematorium in the Okanagan Valley of British Columbia. The purchase continues PLC’s successful expansion into the BC market.
Park Lawn Corporation Announces Election of Directors
Today, Park Lawn Corporation (TSX: PLC) (“PLC”) announced that each of the eight nominees listed in its management information circular dated April 30, 2018 was elected as a director of PLC at the company's Annual Meeting of Shareholders held on May 31, 2018.
Park Lawn Corporation Releases Q1 2018 Results
Today, Park Lawn Corporation (TSX: PLC) (“PLC”) released its first quarter results for 2018 (“Q1 2018“).
Park Lawn Corporation Completes Acquisition of Signature Group
Today, Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to announce that it has completed the previously announced acquisition of all the outstanding membership interests of Signature Funeral and Cemetery Investments, LLC ("Signature" or "Signature Group") for a purchase price of approximately US$123 million in cash, subject to customary working capital adjustments (the "Acquisition").
Park Lawn Corporation Announces Successful Closing of Subscription Receipt Offering for Gross Proceeds of Approximately C$190 Million
Today, Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to announce that it has completed its previously announced offering of subscription receipts (the “Subscription Receipts”) with a syndicate of underwriters (the “Underwriters”) co-led by National Bank Financial Inc., CIBC Capital Markets and Cormark Securities Inc., on a bought deal basis. A total of 7,745,250 Subscription Receipts (including Subscription Receipts issued pursuant to the exercise in full of the over-allotment option granted by the Company to the Underwriters) were issued at a price of C$24.50 per Subscription Receipt for total gross proceeds of C$189,758,625 (the “Offering”).
Park Lawn Corporation Agrees to Acquire The Signature Group and Citadel Management and Announces C$165 Million Bought Deal Offering
Today, Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to announce that it has entered into definitive agreements to acquire all of the outstanding membership interests of two U.S. businesses: Signature Funeral and Cemetery Investments, LCC (“Signature” or “Signature Acquisition”) and Citadel Management LLC (“Citadel”, together with Signature the “Acquisitions”) for a total purchase price of approximately US$136.4 million in cash, subject to customary working capital adjustments.
Park Lawn Corporation Further Expands Funeral Home Operations in Ontario
Today, Park Lawn Corporation (TSX: PLC) (“PLC”) announced the purchase of Opatovsky Funeral Home, a two-location business operating in Sundridge and Burk’s Falls, Ontario. The purchase adds to PLC’s existing funeral operations in Ontario.
Park Lawn Corporation Finishes Fiscal Year with Strong Year-Over-Year Growth
Today, Park Lawn Corporation (TSX: PLC) (“PLC”) announced its results for the fourth quarter (“Q4”) and year-ended December 31, 2017. The results show strong revenue growth, with a year-over-year increase of 29.8% and an increase of 30.8% for Q4, as compared to the same period in 2016. Net Earnings were $4,196,814 in 2017 compared to $7,490,132 in 2016. On a fully diluted basis, net earnings attributed to PLC shareholders was $0.314 for 2017, as compared to $0.939 in 2016.
Park Lawn Corporation Completes Acquisition of CMS Mid-Atlantic
Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to announce that it has completed the previously announced acquisition of all the outstanding membership interests of CMS Mid-Atlantic (“CMS Mid-Atlantic”) for a purchase price of approximately US$50 million in cash, subject to customary working capital adjustments. The purchase price was funded from PLC’s existing credit facility.
Park Lawn Corporation Further Expands Funeral Home Operations in Ontario
Today, Park Lawn Corporation (TSX: PLC) (“PLC”) announced the purchase of Billingsley Funeral Home in Huntsville, Ontario. The purchase continues PLC’s expansion in Canada and the US.
Park Lawn Corporation Expands Funeral Home Operations with Saskatchewan Investment
Today, Park Lawn Corporation (TSX: PLC) (“PLC”) announced a $1.96 million investment, through Parkland Funeral Holdings, Inc., a partially-owned subsidiary, in Christie’s Funeral Home and Crematorium, a well-established funeral home operation in Yorkton, Saskatchewan.
Park Lawn Corporation Releases Q3 Results
Today, Park Lawn Corporation (TSX: PLC) (“PLC”) released its third quarter results for 2017 (“Q3 2017”). These results show increasing revenue and growth in earnings from operations across multiple business lines, led by PLC’s Ontario operations and the successful early integration of recent acquisitions.
Park Lawn Corporation Releases Q2 Results
Today, Park Lawn Corporation (TSX: PLC) (“PLC”) released its second quarter results for 2017 (“Q2 2017”). These results show strong operating performance across business lines, in particular the funeral home operations in Canada and MMG in Michigan.
Park Lawn Corporation Announces Completion of Saber Acquisition
Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) is pleased to announce it has completed the acquisition of 21 of 23 properties owned and operated by Saber Management, LLC (the “Acquisition”). The acquisition of the remaining two properties, both of which are located in the State of Illinois, is expected to close in the fourth quarter of 2017 following the receipt of applicable regulatory approvals.
Park Lawn Corporation Releases Q1 Results
Today, Park Lawn Corporation (TSX: PLC) (“PLC”) released its first quarter results for 2017 (“Q1 2017”). These results show strong revenue growth across all of PLC’s business lines.
Park Lawn Corporation Expands Funeral Services Operations in Toronto
Today, Park Lawn Corporation (TSX: PLC) (“PLC”) announced that it has completed the purchase of TCS Funeral Services (“TCS”) in Toronto.
Park Lawn Corporation Finishes Fiscal Year with Strong Year-Over-Year Growth
Park Lawn Corporation (TSX: PLC) (“PLC”) today announced results for the fourth quarter and year‐ended December 31, 2016. The results show significant revenue growth with a year‐over‐year increase of 137.6%. Net earnings attributed to PLC shareholders increased by 151.8% with a fully diluted per share amount of $0.939 for 2016. Adjusted Net Earnings (excluding certain non‐cash, non‐recurring, or one time income or expense items) increased by 52.6%.
Park Lawn Corporation Expands Funeral Home Operations into British Columbia
Today, Park Lawn Corporation (TSX: PLC) (“PLC”) announced that is has completed the purchase of two funeral homes, a crematorium and a discount funeral operation in the Okanogan Valley of British Columbia. The purchase continues PLC’s expansion in Canada and the US.
Park Lawn Corporation Expands Funeral Home Operations in Ontario
Today, Park Lawn Corporation (TSX: PLC) (“PLC”) announced the purchase of four funeral home operations in Ontario, as part of a series of acquisitions over the last 12 months as PLC continues to expand its portfolio of assets in Canada and the US. The deal will add four funeral homes in Barrie, Simcoe County & the District of Muskoka.
Park Lawn Corporation Releases Third Quarter Results
Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”) today announced its financial results for the three‐months ending September 30, 2016 (“Q3 2016”). Net earnings attributable to PLC shareholders was down from $907,335 for the same period in 2015 (“Q3 2015”) to $749,505 and net earnings per share attributable to PLC shareholders (“EPS”) was down from $0.157 in Q3 2015 to $0.094 in Q3 2016.
Park Lawn Corporation Releases Second Quarter Results
Park Lawn Corporation (TSXV: PLC) (“PLC”) today announced its financial results for the three-months ending June 30, 2016 (“Q2”) which shows a year-over-year increase in revenue of 172.8% and earnings from operations of 71.2% respectively, driven in large part from the acquisition of Midwest Memorial Group (“MMG”) in March 2016.
Park Lawn Corporation Continues Strong Growth in 2016. Releases First Quarter Financial Statements
Park Lawn Corporation (TSXV: PLC) (“PLC”) today announced its financial results for the three-month period ending March 31, 2016 (“Q1”) showing significant improvements in operating results with a year‐over‐year revenue growth of 58.3%.
Park Lawn Corporation Finished Fiscal Year with Strong Year-Over-Year Growth
Park Lawn Corporation (TSXV: PLC) (“Park Lawn Corp.”) today announced results for the fourth quarter and year‐ended December 31, 2015. The results show significant improvements in operating results with a year‐over‐year revenue increase of 18.9%. Earnings from continuing operations, before expenses related to business acquisitions and other incomes, increased by 48.1%.
Park Lawn Corporation Expands Operations with the Acquisition of Korban Funeral Chapel
Park Lawn Corporation (TSX VENTURE: PLC) ("Park Lawn Corp.") today announced that it has acquired Korban Funeral Chapel, a funeral service provider in Winnipeg, Manitoba as part of a series of acquisitions by the Corporation over the last several months.
Park Lawn Corporation Announces Completion of Midwest Memorial Group Acquisition
Park Lawn Corporation (TSXV:PLC) (“Park Lawn” or the “Company”) is pleased to announce that it has completed its previously announced acquisition (the “Acquisition”) of all of the outstanding membership interests of Midwest Memorial Group, LLC (“MMG”) for a purchase price of approximately US$16 million in cash, subject to customary working capital and other adjustments, plus an additional potential earn-out cash payment based on the future financial performance of MMG. With the closing of the Acquisition, the Company’s portfolio will include 26 owned cemeteries (including nine with crematoria) and two managed cemeteries, all located in the United States.
Park Lawn Corporation Announces Investment in Mundell Funeral Home Limited
Park Lawn Corporation (TSXV: PLC) (“Park Lawn” or the “Company”) is pleased to announce that it has acquired an 80% interest in Mundell Funeral Home Limited, the leading provider of funeral services in Orillia, Ontario and surrounding areas.
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