The Consolidators
Four funeral home giants gobble 20% of the U.S. business.
Fri., Nov. 5, 2004
Although these corporate, publicly traded companies only own about 10% of the funeral homes in America, they handle one of every five funerals.
Service Corporation International
Home: Houston
Operates in seven countries
Owns 1,238 funeral service locations, 412 cemeteries, and 143 crematoria
Market capitalization: $2.2 billion
2003 revenues: $2.3 billion
2003 profit: $85 million *
CEO and 2003 pay: Robert Waltrip, $2.83 million
* Since 1999, SCI's cumulative losses total $2.1 billion.
Alderwoods Group Inc.
Home: Cincinnati, Ohio
Operates in North America
Owns 716 funeral homes, 130 cemeteries, and 61 combination funeral homes and cemeteries
Market capitalization: $412 million
2003 revenues: $740.5 million
2003 profits: $10.8 million
CEO and 2003 pay: Paul Houston, $1,360,000
Carriage Services Inc.
Home: Houston
Operates in 29 states
Owns 139 funeral homes and 30 cemeteries
Market capitalization: $82.4 million
2003 revenues: $150.8 million
2003 profits: $6.6 million
CEO and 2003 pay: Melvin Payne, $610,000
Stewart Enterprises Inc.
Home: Metairie, La.
Operates in 28 states
Owns 254 funeral homes and 147 cemeteries
Market capitalization: $767.8 million
2003 revenues: $522 million
2003 profits: -$73.4 million
CEO and 2003 pay: William Rowe, $730,000
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