| | Business Summary | | The
Loewen
Group,
Inc.
is
the
second-largest
operator
of
funeral
homes
and
cemeteries
in
North
America.
The
Company's
operations
comprise
funeral
home,
cemetery
and
insurance
activities.
The
Company
maintains
a
regional
management
structure
for
the
funeral
home
and
cemetery
business
that
is
organized
into
multiple
geographic
regions
in
the
United
States,
Canada
and
the
United
Kingdom.
As
at
February
28,
2001,
the
Company
operated
948
funeral
homes
and
350
cemeteries
throughout
North
America
and
32
funeral
homes
in
the
United
Kingdom.
As
at
February
28,
2001,
the
Company
also
operated
three
insurance
subsidiaries
that
principally
sell
a
variety
of
life
insurance
products
to
fund
funeral
services
on
a
pre-need
basis. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | The
Loewen
Group
operates
1,107
funeral
homes
and
428
cemeteries
in
North
America.
The
Company
also
operates
three
insurance
subsidiaries
as
of
2/00.
For
the
three
months
ended
3/01,
revenues
fell
15%
to
$217.1
million.
Net
loss
applicable
to
Com.
according
to
U.S.
GAAP
totalled
$25
million
vs.
income
of
$20.1
million.
Revenues
reflect
a
decrease
in
the
number
of
funeral
services.
Net
loss
suffered
from
$17.9
million
in
asset
impairment
charges. Recent Earnings Announcement
For
the
3
months
ended
06/30/2001,
revenues
were
204,159;
after
tax
earnings
were
-116,744. (Preliminary; reported in thousands of dollars.) | | More
from
Market Guide: Significant
Developments |
| | Officers | | | FY1999 Pay | |
| John Lacey, 56
Chairman | $339K | Paul Houston, 51
Pres,
CEO, Director | 35K | Kenneth Sloan, 51
CFO | -- | Nick Taylor, 50
Managing
Director, United Kingdom | -- | Dwight Hawes, 40
Sr.
VP, Controller | -- | | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/l/lowgq.ob.gif)