Stonemor Partners (STON) Posts Q1 Loss of 30c/Share
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StoneMor Partners L.P. Announces First Quarter 2015 Financial Results
May 8, 2015 7:30 AM EDTLEVITTOWN, Pa., May 8, 2015 (GLOBE NEWSWIRE) -- StoneMor Partners L.P. (NYSE: STON) (StoneMor) announced its results of operations for the three months ended March 31, 2015.Â
Larry Miller, StoneMors President and CEO commented, StoneMors first quarter included strong revenue growth despite the severe winter weather in the northeast as we see increasing contributions from the acquisitions we made in 2014. GAAP revenues increased 4.7% to $67.4 million in the quarter and production-based revenues increased 10.3% to $94.5 million. Driving the growth in production-based revenues were solid increases in pre-need cemetery revenues, which rose $5.9 million or 19.7%, at-need cemetery revenues which increased $6.1... More
