StoneMor Inc. owns and operates cemeteries and funeral homes in the United States. The company operates in two segments, Cemetery Operations and Funeral Home Operations. The Cemetery Operations segment provides cemetery property interment rights, such as burial lots, lawn and mausoleum crypts, and cremation niches; cemetery merchandise comprising burial vaults, caskets, grave markers, and memorials; and cemetery services, which include opening and closing, cremation, and cemetery merchandise installation services. The Funeral Home Operations segment offers caskets and other funeral related items; and funeral home services, such as family consultation, the removal and preparation of remains, insurance products, and the use of funeral home facilities for visitation and memorial services. As of December 31, 2020, it owned and operated 313 cemeteries in 26 states and Puerto Rico; and 80 funeral homes in 16 states and Puerto Rico. The company is based in Bensalem, Pennsylvania.
IPO Year: 2004
Exchange: NYSE
Website: stonemor.com
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Jeffrey DiGiovanni brings extensive Public Company CFO experience to the Company Innovative Solutions & Support, Inc. ("IS&S" or the "Company") (NASDAQ:ISSC) today announces that it has appointed Jeffrey DiGiovanni to the position of Chief Financial Officer, effective as of April 8, 2024. "I am pleased to have someone with Jeff's background and accomplishments joining IS&S at this very exciting time in our growth," said Dr. Shahram Askarpour, the Company's Chief Executive Officer, commenting on the appointment. "Jeff is a seasoned public company CFO with experience in SEC filings, financial reporting and acquisitions, as well as capital markets interaction. In addition, his experience c
BENSALEM, Pa., Nov. 03, 2022 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE:STON) ("StoneMor" or the "Company"), a leading owner and operator of cemeteries and funeral homes, today announced the completion of the merger contemplated by the previously announced Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 24, 2022, by and among the Company, Axar Cemetery Parent Corp. ("Parent"), a Delaware corporation and an indirect wholly-owned subsidiary of Axar Capital Management, LP ("Axar"), and Axar Cemetery Merger Corp., a Delaware corporation and a wholly-owned subsidiary of Parent ("Merger Sub"), pursuant to which Merger Sub was merged with and into the Company (the "Merger"), w
BENSALEM, Pa., Oct. 12, 2022 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE:STON) ("StoneMor" or the "Company"), a leading owner and operator of cemeteries and funeral homes, today announced that leading independent proxy advisory firm Institutional Shareholder Services, Inc. ("ISS") has recommended that stockholders vote "FOR" the pending transaction with a subsidiary of Axar Capital Management, LP ("Axar") at the Company's upcoming Special Meeting of Stockholders (the "Special Meeting") scheduled for November 1, 2022. In its October 10, 2022 report, ISS noted1: "The merger consideration is above the estimated values of the fairness opinion….The merger consideration represents a 67.5 percent p
BENSALEM, Pa., Aug. 11, 2022 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE:STON) ("StoneMor" or the "Company"), a leading owner and operator of cemeteries and funeral homes, today reported operating and financial results for the second quarter ended June 30, 2022. Investors are encouraged to read the Company's quarterly report on Form 10-Q when it is filed with the Securities and Exchange Commission (the "SEC"), which will contain additional details, and will be posted at www.stonemor.com. SECOND QUARTER FINANCIAL PERFORMANCE Revenues for the second quarter were $80.0 million compared to $83.0 million in in the second quarter in the prior year. Six-month revenues were $161.0 million compared t
BENSALEM, Pa., July 28, 2022 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE:STON), a leading owner and operator of cemeteries and funeral homes, today announced it expects to release 2022 second quarter financial results on Thursday, August 11, 2022 after the market closes. In connection with this announcement, StoneMor plans to hold a conference call to discuss its results later that day at 4:30 p.m. eastern time. This conference call can be accessed by calling (800) 954-0601. No reservation number is necessary; however, it is advised that interested parties access the call-in number 5 to 10 minutes prior to the scheduled start time to avoid delays. StoneMor will also host a live webcast of t
BENSALEM, Pa. and MIAMI, June 14, 2022 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE:STON), a leading owner and operator of cemeteries and funeral homes in the United States, announced an expansion to its existing strategic partnership with Sympathy Brands Company (S2 Brands, Inc.), the unifying resource and support platform for end-of-life matters, to include all 302 cemetery properties. The expanded services enable StoneMor to provide a holistic experience to every family, every time, connecting its cemeteries, funeral homes, families, and supporters when planning, mourning, and memorializing loved ones. Since developing its strategic alliance in September 2021, Sympathy Brands has partnered
BENSALEM, Pa., June 03, 2022 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE:STON) ("StoneMor" or the "Company"). As previously reported, on May 24, 2022, StoneMor Inc., a Delaware corporation ("StoneMor" or the "Company"), Axar Cemetery Parent Corp ("Parent"), a Delaware corporation and an affiliate of Axar Capital Management, LP ("Axar"), and Axar Cemetery Merger Corp., a Delaware corporation and a wholly-owned subsidiary of Parent ("Merger Sub"), entered into an Agreement and Plan of Merger (the "Merger Agreement") pursuant to which, and subject to the conditions described therein, Merger Sub will be merged with and into the Company (the "Merger") with the Company surviving the Merger and becom
BENSALEM, Pa., May 25, 2022 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE:STON) ("StoneMor" or the "Company"), a leading owner and operator of cemeteries and funeral homes, today announced that it has entered into a definitive merger agreement under which a subsidiary of Axar Capital Management, LP ("Axar") will be merged with and into StoneMor and all outstanding shares of StoneMor common stock not owned by Axar as to which dissenters' rights are not perfected will be converted into the right to receive $3.50 in cash per share. Axar currently owns approximately 75% of the outstanding shares of StoneMor common stock. The cash consideration represents a 54.2% premium to the Company's closing shar
BENSALEM, Pa., May 12, 2022 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE:STON) ("StoneMor" or the "Company"), a leading owner and operator of cemeteries and funeral homes, today reported operating and financial results for the first quarter ended March 31, 2022. Investors are encouraged to read the Company's quarterly report on Form 10-Q when it is filed with the Securities and Exchange Commission (the "SEC"), which will contain additional details, and will be posted at www.stonemor.com. FIRST QUARTER FINANCIAL PERFORMANCE Revenues for the first quarter were $81.0 million compared to $78.3 million in the first quarter in the prior year.Cemetery segment operating income for the first quarter w
BENSALEM, Pa., April 29, 2022 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE:STON), a leading owner and operator of cemeteries and funeral homes, today announced it expects to release 2022 first quarter financial results on Thursday, May 12th, 2022 after the market closes. In connection with this announcement, StoneMor plans to hold a conference call to discuss its results later that day at 4:30 p.m. eastern time. This conference call can be accessed by calling (800) 935-9319. No reservation number is necessary; however, it is advised that interested parties access the call-in number 5 to 10 minutes prior to the scheduled start time to avoid delays. StoneMor will also host a live webcast of this
BENSALEM, Pa., Aug. 11, 2022 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE:STON) ("StoneMor" or the "Company"), a leading owner and operator of cemeteries and funeral homes, today reported operating and financial results for the second quarter ended June 30, 2022. Investors are encouraged to read the Company's quarterly report on Form 10-Q when it is filed with the Securities and Exchange Commission (the "SEC"), which will contain additional details, and will be posted at www.stonemor.com. SECOND QUARTER FINANCIAL PERFORMANCE Revenues for the second quarter were $80.0 million compared to $83.0 million in in the second quarter in the prior year. Six-month revenues were $161.0 million compared t
BENSALEM, Pa., July 28, 2022 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE:STON), a leading owner and operator of cemeteries and funeral homes, today announced it expects to release 2022 second quarter financial results on Thursday, August 11, 2022 after the market closes. In connection with this announcement, StoneMor plans to hold a conference call to discuss its results later that day at 4:30 p.m. eastern time. This conference call can be accessed by calling (800) 954-0601. No reservation number is necessary; however, it is advised that interested parties access the call-in number 5 to 10 minutes prior to the scheduled start time to avoid delays. StoneMor will also host a live webcast of t
BENSALEM, Pa., May 12, 2022 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE:STON) ("StoneMor" or the "Company"), a leading owner and operator of cemeteries and funeral homes, today reported operating and financial results for the first quarter ended March 31, 2022. Investors are encouraged to read the Company's quarterly report on Form 10-Q when it is filed with the Securities and Exchange Commission (the "SEC"), which will contain additional details, and will be posted at www.stonemor.com. FIRST QUARTER FINANCIAL PERFORMANCE Revenues for the first quarter were $81.0 million compared to $78.3 million in the first quarter in the prior year.Cemetery segment operating income for the first quarter w
BENSALEM, Pa., April 29, 2022 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE:STON), a leading owner and operator of cemeteries and funeral homes, today announced it expects to release 2022 first quarter financial results on Thursday, May 12th, 2022 after the market closes. In connection with this announcement, StoneMor plans to hold a conference call to discuss its results later that day at 4:30 p.m. eastern time. This conference call can be accessed by calling (800) 935-9319. No reservation number is necessary; however, it is advised that interested parties access the call-in number 5 to 10 minutes prior to the scheduled start time to avoid delays. StoneMor will also host a live webcast of this
BENSALEM, Pa., March 30, 2022 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE:STON) ("StoneMor" or the "Company"), a leading owner and operator of cemeteries and funeral homes, today reported operating and financial results for the fourth quarter and year ended December 31, 2021. Investors are encouraged to read the Company's annual report on Form 10-K for the fiscal year ended December 31, 2021 when it is filed with the Securities and Exchange Commission (the "SEC"), which will contain additional details, and will be posted at www.stonemor.com. FOURTH QUARTER AND FULL YEAR 2021 FINANCIAL PERFORMANCE Revenues for the fourth quarter were $79.3 million compared to $74.9 million in in the fourth q
BENSALEM, Pa., March 16, 2022 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE:STON), a leading owner and operator of cemeteries and funeral homes, today announced it expects to release 2021 fourth quarter and full year financial results on Wednesday, March 30th, 2022 after the market closes. In connection with this announcement, StoneMor plans to hold a conference call to discuss its results later that day at 4:30 p.m. eastern time. This conference call can be accessed by calling (888) 383-1618. No reservation number is necessary; however, it is advised that interested parties access the call-in number 5 to 10 minutes prior to the scheduled start time to avoid delays. StoneMor will also host a li
BENSALEM, Pa., Nov. 11, 2021 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE:STON) ("StoneMor" or the "Company"), a leading owner and operator of cemeteries and funeral homes, today reported operating and financial results for the third quarter ended September 30, 2021. Investors are encouraged to read the Company's quarterly report on Form 10-Q when it is filed with the Securities and Exchange Commission (the "SEC"), which will contain additional details, and will be posted at www.stonemor.com. THIRD QUARTER FINANCIAL PERFORMANCE Revenues for the third quarter were $82.3 million compared to $72.7 million in in the third quarter in the prior year. Nine-month revenues were $243.6 million compared
BENSALEM, Pa., Oct. 29, 2021 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE:STON), a leading owner and operator of cemeteries and funeral homes, today announced it expects to release 2021 third quarter financial results on Thursday, November 11th, 2021 after the market closes. In connection with this announcement, StoneMor plans to hold a conference call to discuss its results later that day at 4:30 p.m. eastern time. This conference call can be accessed by calling (877) 256-3243. No reservation number is necessary; however, it is advised that interested parties access the call-in number 5 to 10 minutes prior to the scheduled start time to avoid delays. StoneMor will also host a live webcast of
BENSALEM, Pa., Aug. 10, 2021 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE:STON) ("StoneMor" or the "Company"), a leading owner and operator of cemeteries and funeral homes, today reported operating and financial results for the second quarter ended June 30, 2021. Investors are encouraged to read the Company's quarterly report on Form 10-Q when it is filed with the Securities and Exchange Commission (the "SEC"), which will contain additional details, and will be posted at www.stonemor.com. SECOND QUARTER FINANCIAL PERFORMANCE Revenues for the second quarter were $83.0 million compared to $66.6 million in the second quarter in the prior year. Six-month revenues were $161.3 million compared to $
BENSALEM, Pa., July 26, 2021 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE:STON), a leading owner and operator of cemeteries and funeral homes, today announced it expects to release 2021 second quarter financial results on Tuesday, August 10, 2021 after the market closes. In connection with this announcement, StoneMor plans to hold a conference call to discuss its results later that day at 4:30 p.m. eastern time. This conference call can be accessed by calling (877) 221-6399. No reservation number is necessary; however, due to the on-going pandemic, it is advised that interested parties access the call-in number 5 to 10 minutes prior to the scheduled start time to avoid delays. StoneMor will al
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StoneMor (NYSE:STON) reported quarterly losses of $(0.15) per share. This is a 400 percent decrease over earnings of $0.05 per share from the same period last year. The company reported quarterly sales of $80.05 million which missed the analyst consensus estimate of $85.58 million by 6.47 percent. This is a 3.54 percent decrease over sales of $82.98 million the same period last year.
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StoneMor Inc (NYSE:STON) has expanded its strategic partnership with Sympathy Brands Company (S2 Brands, Inc) to include all 302 cemetery properties. The expanded services will enable StoneMor to connect cemeteries, funeral homes, families, and supporters when planning, mourning, and memorializing loved ones. The partnership streamlines workflow and enriches family care helping with the digitalization of all aspects of the cemetery. A customized user experience has been created specifically for cemeteries within the Sympathy Brands' platform, SBConnect, avoiding logistical complexities. Stonemor started its partnership with Sympathy Brands in September 2021. Price Action: STON shares
Gainers The Very Good Food Company Inc. (NASDAQ:VGFC) shares jumped 118.2% to close at $0.2950 on Wednesday as the company announced it increased retail distribution across Canada with Loblaw Companies. BlackSky Technology Inc. (NASDAQ:BKSY) gained 97.5% to settle at $2.33 after the company was awarded a 10-year electro optical commercial layer contract with the U.S. government. Genocea Biosciences, Inc. (NASDAQ:GNCA) rose 51.1% to close at $0.0920. Genocea Biosciences shares dipped around 73% on Tuesday after the company announced it is winding down operations and delisting from NASDAQ. StoneMor Inc. (NYSE:STON) shares gained 50.2% to close at $3.41. StoneMor entered into an agreeme
U.S. stocks traded higher toward the end of trading, with the Dow Jones gaining more than 100 points on Wednesday. The Dow traded up 0.42% to 32,061.88 while the NASDAQ rose 1.48% to 11,431.67. The S&P also rose, gaining, 0.85% to 3,975.07. Also check this: Home Depot And 2 Other Stocks Insiders Are Buying Leading and Lagging Sectors Consumer discretionary shares rose by 2.5% on Wednesday. Meanwhile, top gainers in the sector included StoneMor Inc. (NYSE:STON), up 50% and GameStop Corp. (NYSE:GME) up 22%. In trading on Wednesday, health care shares fell 0.5%. Top Headline DICK'S Sporting Goods, Inc. (NYSE:DKS) reported upbeat earnings and sales results for its first quarter.
Gainers StoneMor (NYSE:STON) shares rose 50.7% to $3.42 during Wednesday's regular session. The current volume of 6.7 million shares is 4961.4% of StoneMor's average full-day volume over the last 100 days (last updated at 13:30 EST). The market value of their outstanding shares is at $405.2 million. Caleres (NYSE:CAL) stock rose 26.68% to $26.52. Trading volume for this security as of 13:30 EST is 2.3 million, which is 331.0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.0 billion. As per the press release, Q1 earnings came out yesterday. GameStop (NYSE:GME) stock increased by 25.56% to $111.94. GameStop's stock is tradin
StoneMor Inc (NYSE:STON) has agreed to be acquired by a subsidiary of Axar Capital Management LP. StoneMor shareholders will receive $3.50 in cash per share, representing a 54.2% premium to the company's closing share price on May 24, 2022. Axar currently owns about 75% of the outstanding shares of StoneMor common stock. The transaction is expected to close in the fall of 2022. After completion of the deal, StoneMor will become a privately held company, and its stock will no longer trade on the NYSE. Price Action: STON shares are trading higher by 50.7% at $3.42 on the last check Wednesday.
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 80 points on Wednesday. The Dow traded up 0.11% to 31,964.07 while the NASDAQ rose 0.79% to 11,353.35. The S&P also rose, gaining, 0.40% to 3,957.27. Also check this: Home Depot And 2 Other Stocks Insiders Are Buying Leading and Lagging Sectors Consumer discretionary shares rose by 2.3% on Wednesday. Meanwhile, top gainers in the sector included StoneMor Inc. (NYSE:STON), up 51% and Caleres, Inc. (NYSE:CAL) up 29%. In trading on Wednesday, health care shares fell 0.3%. Top Headline DICK'S Sporting Goods, Inc. (NYSE:DKS) reported upbeat earnings and sales results for its first quarte
Gainers The Very Good Food Company Inc. (NASDAQ:VGFC) gained 178.3% to $0.3762 as the company announced it increased retail distribution across Canada with Loblaw Companies. BlackSky Technology Inc. (NASDAQ:BKSY) rose 61.9% to $1.91 after the company was awarded a 10-year electro optical commercial layer contract with the U.S. government. StoneMor Inc. (NYSE:STON) shares jumped 51.1% to $3.43. StoneMor entered into an agreement to be acquired by Axar Capital Management, LP. Happiness Development Group Limited (NASDAQ:HAPP) rose 43.7% to $0.2596 after the company reported a deal to sell up to 2000 electric vehicles, potentially valued at roughly $30 million. Höegh LNG Partners LP (NY
U.S. stocks traded higher this morning, with the Nasdaq Composite gaining around 100 points on Wednesday. Following the market opening Wednesday, the Dow traded up 0.30% to 32,024.49 while the NASDAQ rose 0.89% to 11,364.49. The S&P also rose, gaining, 0.59% to 3,964.65. Also check this: Home Depot And 2 Other Stocks Insiders Are Buying Leading and Lagging Sectors Consumer discretionary shares rose by 2.6% on Wednesday. Meanwhile, top gainers in the sector included StoneMor Inc. (NYSE:STON), up 51% and Caleres, Inc. (NYSE:CAL) up 28%. In trading on Wednesday, utilities shares fell 0.2%. Top Headline DICK'S Sporting Goods, Inc. (NYSE:DKS) reported upbeat earnings and sales re