NEWS FROM THE STANDARD |
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Dying Online
Oct 08 1999 12:00 AM PDT
PROFILE |
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The Loewen Group, the world's #2 funeral services company, behind Service Corporation International (SCI), once would have loved to cremate SCI, but now it urns only to survive. The company owns or operates more than 950 funeral homes and about 350 cemeteries in the US, Canada, and the UK. Most of its sales come from funeral services, which include collection of remains, death registration, embalming, and caskets. Loewen has grown through acquisitions, buying funeral homes in clusters or in one geographic area and preserving their local identities. However, the acquisitions overwhelmed Loewen with debt, leading it to seek bankruptcy protection in order to reorganize.
COMPETITION |
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Carriage Services, Inc. (CSV)
Service Corporation International (SRV)
Stewart Enterprises, Inc. (STEI)
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STOCK ANALYSIS |
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FURTHER ANALYSIS
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 896.10
1-Yr. Sales Growth: (13.0)%
Employees: 10,800
Revenue per employee: $82,972.22
KEY PEOPLE |
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Paul A. Houston
CEO
Kenneth A. Sloan
CFO
CONTACT INFO |
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2225 Sheppard Ave. East; 11th Floor, Atria III
Toronto Ontario M2J 5C2, Canada
Phone: 1-604-299-9321
Fax: 1-604-473-7330
Online: Web Site
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