StoneMor Partners L.P. Announces Third Quarter 2009 Results

LEVITTOWN, Pa., Nov. 9, 2009 (GLOBE NEWSWIRE) -- StoneMor Partners L.P. (Nasdaq:STON - News) is pleased to announce an increase in adjusted operating profit, total revenues and operating profit for the three months ended September 30, 2009, as compared to the same period last year. We continue to perform well during this period of economic uncertainty. A summary of significant operating metrics is presented in the table below: (a) This is a non-GAAP financial measure as defined by the Securities and Exchange Commission. Please see the reconciliation to GAAP measures within this press release. (b) The decrease in operating cash flow is generally due to timing differences. See below. Adjusted Operating Profits Adjusted operating profit increased by 23.1%, or $2.2 million, to $9.4 million during the three months ended September 30, 2009 as compared to $7.2 million during the same period last year.Adjusted operating profit is equal to operating profit before the change in deferred revenues and deferred selling and obtaining costs (excluding adjustments to deferred revenues related to the mark to market adjustment of merchandise trust assets) less acquisition related expenses.In our opinion, adjusted operating profit is one of the most meaningful measures of economic value added during any given period as it provides for a measure of merchandise and services sold. This differs substantially from operating profit as meas...
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Q3 2009 STONEMOR PARTNERS LP Earnings Release - Time Not Supplied

Earnings Announcements for Monday, November 9CompanySymbolTimeConferenceCall4Kids EntertainmentKDEBefore Market OpenAbatixABIX.PKAfter Market CloseAbraxas PetroleumAXASAfter Market CloseListenACADIA PHARMACEUTICALS INCACADAfter Market CloseADVANCED BATTERY TECHNOLOG INCABATAfter Market CloseAdvanced PhotonixAPIAfter Market CloseListenAdvanta CorporationADVNATime Not SuppliedAdvocatAVCAAfter Market CloseListenAlbany Molecular ResearchAMRIBefore Market OpenAlesco Financial Inc.AFNAfter Market CloseAlexza Pharmaceuticals Inc.ALXAAfter Market CloseListenAlliance One International, Inc.AOIAfter Market CloseAllianz SEAZSEY.PK01:30 am ETListenALLION HEALTHCARE INCALLITime Not SuppliedALPHATEC HOLDINGS INCATECTime Not SuppliedAmerican CareSource Holdings, Inc.ANCIAfter Market CloseA...
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StoneMor Partners L.P. 3Q09 (Qtr End 9/30/09) Earnings Call Transcript

StoneMor Partners L.P. (STON) 3Q09 (Qtr End 9/30/09) Earnings Call Transcript November 09, 2009 11:00 ET Executives Tim Yost - Vice President of Financial Reporting and Investor Relations Lawrence Miller - Chief Executive Officer, President and Chairman of the Board William R. Shane - Executive Vice President, Chief Financial Officer and Director Analysts John Ransom - Raymond James & Associates, Inc. Presentation Operator Ladies and gentlemen, thank you very much for standing by. And welcome to the StoneMor Partners Quarterly Earnings Conference Call. During this presentation all participants are in a listen-only mode. And afterwards we will conduct a question and answer session. (Operator Instructions) As a reminder this conference is being recorded on Monday December 9, 2009. Our speakers for today are William Shane, Executive Vice President and Chief Financial Officer, and Lawrence Miller, President and Chief Executive Officer. I would now like to turn the conference over to Tim Yost, Vice President, Financial Reporting and Investor Relations at StoneMor Partners. Please go ahead sir. Tim Yost Good morning. Thank you for joining us today. Statements made this conference call and in our public filings, releases and website which are not historical facts, may be forward-looking statements and involve risks and uncertainties that are subject to change at any time. We caution investors that any forward-looking statements made by us are not guarantees of future performance. We disclaim any obligation to update any such factors or to announce publicly the results of any revisions to any of the forward-looking statements to reflect future events or developments. Furthermore, giv...
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STONEMOR PARTNERS LP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhi

Show all filings for STONEMOR PARTNERS LP | Request a Trial to NEW EDGAR Online Pro Form 8-K for STONEMOR PARTNERS LP 9-Nov-2009Results of Operations and Financial Condition, Financial Statements and Exhi Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provi...
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StoneMor Partners L.P. Announces Commencement of Private $150 Million Debt Offering

StoneMor Partners L.P. Announces Commencement of Private $150 Million Debt Offering - Yahoo! Finance.gnwlistitemmarginbottom {margin-bottom: 10.0px} .gnwtablebottommargin {margin-bottom: 10.0px} .gnwcellpaddingleft0 {padding-left: 0.0px} .gnwverticalaligntop {vertical-align: top} .gnwtextaligncenter {text-align: center} .gnwcellparagraphmargin {margin-bottom: 0px; margin-top: 0px} .gnwverticalalignbottom {vertical-align: bottom} .gnwwhitespacenowrap {white-space: nowrap} .gnwtextalignright {text-align: right} .gnwcellpaddingright0 {padding-right: 0.0px} .gnwunderlinestyle {text-decoration: underline} .gnwtextalignleft {text-align: left} .gnw_heading {font: 16px Arial; text-align: center} .gnw_subhead {font: 12px Arial; text-align: center} .gnw_colhead {font: 12px Arial; text-align: center} .gnw_colhead_uline {font: 12px Arial; text-align: center; border-bottom: solid black 1.0pt;} .gnw_colhead_dline {font: 12px Arial; text-align: center; border-bottom: double black 2.5pt;} .gnw_label {font: 12px Arial; vertical-align: bottom; text-align: left } .gnw_label_uline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;} .gnw_label_uline_i10 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i15 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i20 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i25 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i30 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_dline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: double black 2.5pt;} .gnw_label_i10 {font: 12px Arial; vertical-align: bottom; text-align: left; padding-left: 10.0px;} .gnw_label_i15 {font: 12px Arial; vertical-align: bottom; text-al...
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StoneMor Partners L.P. Announces Public Offering of 1,275,000 Common Units

LEVITTOWN, Pa., Nov. 10, 2009 (GLOBE NEWSWIRE) -- StoneMor Partners L.P. (Nasdaq:STON - News) ("StoneMor") announced today that it intends to offer, subject to market and other conditions, 1,275,000 common units representing limited partner interests in StoneMor. In connection with the offering, StoneMor expects to grant the underwriter a 30-day option to purchase up to 191,250 additional common units to cover over-allotments, if any. StoneMor intends to use the net proceeds from the common units offering to prepay a portion of the borrowings outstanding under its acquisition credit facility and to fund growth capital expenditures, including mausoleum construction, or for general partnership purposes. If the underwriter exercises its option to purchase additional common units, StoneMor will use the additional proceeds to fund growth capital expenditures, including mausoleum construction, or for general partnership purposes. The common units will be offered and sold pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission (the "SEC"). The offering may be made only by means of a prospectus supplement, which will be filed with the SEC, and the related base prospectus. Raymond James is the sole underwriter of the common units. Concurrently with the public offering of common units, certain wholly owned subsidiaries of StoneMor intend to make a private offering of $150,000,000 aggregate principal amount of unsecured senior notes. The public offeri...
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StoneMor planning units offering

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STONEMOR PARTNERS LP Financials

PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue46,587  47,802  42,598  46,315  Cost of Revenue20,732  22,710  17,612  21,229  Gross Profit25,855  25,092  24,986  25,086  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative17,842  20,226  20,099  19,215  Non Recurring2,099  (1,586)1,586   -  Others1,700  1,708  1,310  1,635  Total Operating Expenses -   -   -   -  Operating Income or Loss4,214  4,744  1,991  4,236  Income from Continuing OperationsTotal Other Income/Expenses Net -   -  475   -  Earnings Before Interest And Taxes4,214  4,744  2,466  4,236  Interest Expense3,898  3,202  3,169  3,193  Income Before Tax316  1,542  (703)1,043  Income Tax Expense(1,084)(97)162  (488)Minority Interest -   -   -   -  Net Income From Continuing Ops1,400  1,639  (865)1,531  Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Changes -   ...
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STONEMOR PARTNERS LP Files SEC form 8-K, Regulation FD Disclosure

ITEM 7.01. Regulation FD Disclosure. In connection with certain securities offerings that StoneMor Partners L.P. (the "Partnership") announced on November 10, 2009, the Partnership is providing the following information. The information contained in this Current Report on Form 8-K is neither an offer to sell nor a solicitation of an offer to buy any securities. 2006 2007 2008 2008 2009 2009 (dollars in thousands) Adjusted EBITDA $ 29,948 $ 40,864 $ 47,351 $ 36,849 $ 39,801 $ 50,303 Management and external users of the Partnership's financial information, such as its investors, use Adjusted EBITDA as an important financial measure to assess its performance and liquidity, including the ability of its assets to generate cash sufficient to pay interest on its indebtedness, meet capital expenditure and working capital requirements and otherwise meet its obligations as they become due. Adjusted EBITDA represents net income before interest, taxes, depreciation and amortization and before the following items: • Amortization of cemetery property, an expense item resulting from sales of burial lots, lawn crypts and mausoleum crypts, which is based on the historical allocation of original cemetery acquisition and construction costs to individual burial lots and crypts. Management considers this expense to represent the depletion of the Partnership's interment spaces that are available for sale; • Non-cash unit-based compensation, an expense representing the fair value of share based payment awards made to employees. The Partnership issued certain key employees and management unit-based compensation in the form of unit appreciation rights and phantom units; • Increase in deferred revenues, which represents the increase in revenue on merchandise and services sold and investment income earned in trust for which the Partnership has not yet delivered the underly...
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