Significant Increase in Adjusted Earnings Per Share
The company reported adjusted earnings per share of $0.88, marking an 11% increase compared to the previous year.
Growth in Funeral Revenue and Gross Profit
Total comparable funeral revenue increased over $15 million or 3% over the prior year quarter, with funeral gross profit increasing by about $15 million and the gross profit percentage up by 210 basis points.
Cemetery Preneed Sales Production Increase
Comparable preneed cemetery sales production increased by almost $19 million or over 5%, driven by a healthy increase in large sales and modest increase in core sales.
Increased Operating Cash Flow
Adjusted operating cash flow increased by $33 million after adjusting for $84 million of higher cash taxes.
Increased Cash Flow Guidance
The company raised its 2025 adjusted operating cash flow guidance to $880 million to $940 million, reflecting a $50 million increase over the original midpoint.