StoneMor Inc (STON) Reports Q2 Loss of $0.30

StoneMor Inc (NYSE: STON) reported Q2 EPS of ($0.30), versus ($0.04) reported last year. Revenue for the quarter came in at $83 million versus the consensus estimate of $85.58 million.

Joe Redling, StoneMor’s President and Chief Executive Officer said, “The second quarter continued to build upon the momentum from the second half of 2020 and the first quarter of 2021, with top-line revenue growth of 25% and more than a $17 million increase in our adjusted EBITDA year-over-year. We continue to deliver strong cemetery sales production results, with 26% growth in pre-need cemetery sales production.”

For earnings history and earnings-related data on StoneMor Inc (STON) click here.

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