StoneMor Partners L.P. Reports Operating and Financial Results For 2018 Fourth Quarter and Full Year
StoneMor Inc. (STON)
US:NYSE Investor Relations:
stonemor.com/investors/default.aspx
Company Research
Source: GlobeNewswire
TREVOSE, Pa., April 03, 2019 (GLOBE NEWSWIRE) -- StoneMor Partners L.P. (NYSE: STON) (“StoneMor” or the “Partnership”), a leading owner and operator of cemeteries and funeral homes, today reported operating and financial results for the fourth quarter and full year 2018. Investors are encouraged to read the Partnership's annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”), which contains additional details, and can be found at www.stonemor.com. FOURTH QUARTER AND FULL YEAR FINANCIAL PERFORMANCE Revenues for the fourth quarter were $83.4 compared to $85.3 million in the prior year period. Full year revenues were $316.1 million compared to $338.2 million in the prior year. Revenue declines in both periods were due to lower sales of cemetery and funeral home merchandise and services, offset slightly by an increase in cemetery interments. Investment and other income for 2018 was$42.3 million, a decrease of $13.0 million from the prior year
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