Park Lawn Corporation Reports Earnings Results for the Year Ended December 31, 2013; Appoints Steven Scott to its Board of Directors; Announces Monthly Dividend
April 30, 2014 at 04:31 pm EDT
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Park Lawn Corporation reported earnings results for the year ended December 31, 2013. For the year, total revenue was $18,556,773, an increase of $1,338,871 or 7.8% from $17,217,902, in December 31, 2012. Income from operations was $1,705,640 compared to $1,881,744 for the same 12 month period in 2012. Net earnings totaled $1,667,209 compared to $1,678,776 in 2012. Fully diluted earnings per share was $0.46 compared to $0.48 in 2012.
The company also announced the appointment of Steven Scott to its Board of Directors. Mr. Scott has, since August 2000 been the President and Chief Executive Officer of The Access Group of Companies focusing on the ownership, acquisition, development and management of storage, infill residential and commercial real estate in Canada. Mr. Scott is a member of the board and the treasurer of the Canadian Self Storage Association (CSSA). He is an independent director of Timbercreek Senior Mortgage Investment Corp. and Chair of their Audit Committee. Steven is also a director of Storage Capital Inc., a specialized lender to the self storage industry.
The company announced monthly dividend of $0.038 per share ($0.46 per share on an annual basis).
Park Lawn Corporation is engaged in providing goods and services associated with the disposition and memorialization of human remains. The Company and its subsidiaries own and operate businesses, including cemeteries, crematoria, funeral homes, chapels, planning offices and a transfer service. Its primary products and services are cemetery lots, crypts, niches, monuments, caskets, urns and other merchandise, funeral services, after-life celebration services and cremation services. Its products and services are sold on a pre-planned basis or at the time of death. It has one stand-alone funeral home located in Durham, North Carolina; one stand-alone funeral home and one on-site funeral home and cemetery located in Abingdon, Virginia; eight stand-alone funeral homes, two stand-alone cemeteries and one on-site funeral home and cemetery located in and around the Savannah, Tennessee area; three stand-alone funeral homes located in Brampton, Woodbridge and Toronto, Ontario and more.
Park Lawn Corporation Reports Earnings Results for the Year Ended December 31, 2013; Appoints Steven Scott to its Board of Directors; Announces Monthly Dividend
PARK LAWN CORPORATION 
