This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

StoneMor Partners' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Stocks in this article: STON

StoneMor Partners (STON)

Q2 2012 Earnings Call

August 7, 2012 11:00 AM ET

Executives

John McNamara – Director, IR

Larry Miller – President and CEO

Tim Yost – CFO



Analysts



Colin Stewart

Robert Carlson

Nick Jensen

Chris Bailey



Presentation



Operator



Welcome to the StoneMor Second Quarter’s Earnings Call. (Operator Instructions). I would now like to turn the conference over to John McNamara, Director of Investor Relations. Please go ahead, sir.

John McNamara

Good morning. Thank you for joining us today. Before we begin please take note that statements made in this conference call and in our public filings, releases in our websites which are not historical facts, maybe forward-looking statements that involve risks and uncertainties and are subject to change at any time. We caution investors at 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 to publically the results of any revisions to any of the forward-looking statements to reflect future events or developments. Furthermore, given the provisions of the SECs Regulation G which as you know limits our ability to provide non-GAAP financial information. We are only going to discuss non-GAAP financial information which is provided in the earnings release, leases and is therefore reconciled to comparable GAAP financial information.

The full earnings release can be found on our website at www.stonemor.com and I would now like to turn the call over to Larry Miller. Go ahead Larry.

Larry Miller



Thanks John and thank you for joining us for our second quarter earnings call. Normally at this time I kind of take you through the highlights of the quarter and you can see that we had a real solid quarter but given the kind of recent activity in our stock. We thought it might be better if I try to take behind the scenes a little bit and expand on some of our public information kind of help you better understand the company and see the company through our eyes because obviously we are very happy with the quarter and then when I am finished Tim, our CFO will take you through some of the actual details for the quarter. So one of the topics you want to talk about is operations and as we also remind you we report our production based revenues because it's representative of the current sales and operating performance of the company. And because it's certain revenue recognition policies which cemeteries must follow.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,399.67 +19.26 0.12%
S&P 500 1,904.01 +17.25 0.91%
NASDAQ 4,316.0740 +57.6360 1.35%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs