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

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.

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