Increased Adjusted Earnings Per Share
Adjusted earnings per share increased by more than 10%, reaching $0.87 compared to $0.79 in the prior year period.
Cemetery Revenue Growth
Comparable cemetery revenue increased by $31 million or almost 7%, driven by a $27 million increase in total recognized preneed revenue.
Strong Preneed Sales Production
Comparable cemetery preneed sales production grew by $30 million or almost 10%, with large sales growing by an impressive 19%.
Positive Cash Flow and Capital Investment
Generated adjusted operating cash flow of $268 million in the quarter and invested $140 million into existing locations and acquisitions.