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Essay / Research Paper Abstract
A 3 page analysis of these two companies. Service Corporation International is the funeral and cemetery services company in the world. Stewart Enterprises is the #3 provider of funeral services in North America. The essay discusses last year's fiscal performance and risk management strategies with a general overview of both companies. 1 Table included. Bibliography lists 8 sources.
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3 pages (~225 words per page)
File: MM12_PGfnrl.rtf
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2006). They own 400 cemeteries, 1,200 funeral homes, crematoriums and flower shops across eight countries, although most are in North America (Oliver, 2006). They provide all services needed, e.g., embalming,
burial and cremation (Oliver, 2006). As with most funeral homes, Service Corp. also sells caskets, burial vaults, funeral services, burial garments, cremation receptacles, and prearranged funeral services (Oliver, 2006). In
fact, they currently have $4.7 billion worth of prearranged funeral contracts (Oliver, 2006). They own Kenyon International Emergency Services, which is a disaster recovery company (Oliver, 2006). Stewart Enterprises
is the #3 provider of funeral services in North America, not the world (Oliver, 2006). Service Corporation International is #1 and Alderwoods Group is #2 (Oliver, 2006). They own and
operate 150 cemeteries and 240 funeral homes in 27 states and Puerto Rico (Oliver, 2006). They offer just about the same services as Service Corporation International with the exception of
disaster recovery services. Stewarts Chariman Emeritus, Frank Stewart Jr., still holds 30 percent of the voting power for the company (Oliver, 2006). Selected fiscal data for the last fiscal year
is presented in the following table. ($ mill) Stewart Ent Service Corp Sales $514.6.8 $1,859.3 Sales growth (2.8%) (20.6%) Net Income ($143.3) $113.7 # employees 5,600 20,598 Employee growth (6.7%)
(25.9%) (Source: Stewart Enterprises, 2005; Oliver, Stewart, 2006; Oliver, Service, 2006). While both companies were affected by Hurricane Rita, Stewart, with its headquarters in Louisiana suffered the greatest. The
companys executive offices and Shared Services Center located in Jefferson did not suffer any damage but half of the centers employees lost their homes (CityBusiness Staff Report, 2005). As a
result, the company suspended operations at that facility, transferring most of those operations to their Orlando office (CityBusiness Staff Report, 2005). They had only located their headquarters to this facility
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