Increase in Adjusted Earnings Per Share
The company reported adjusted earnings per share of $0.88, an 11% increase from the prior year period.
Funeral Revenue Growth
Total comparable funeral revenue increased by $15 million, or 3%, due to solid growth from both core revenue and core general agency revenue.
Cemetery Sales Production Increase
Comparable preneed cemetery sales production increased by almost $19 million, or over 5%, driven by healthy increases in large sales and core sales.
Positive Cash Flow and Capital Distribution
The company generated adjusted operating cash flow of $168 million and returned $239 million to shareholders through dividends and share repurchases.
Strong Liquidity Position
The company ended the quarter with $1.4 billion in liquidity, including $250 million in cash and $1.2 billion available on a credit facility.