Earnings Per Share Growth
Adjusted earnings per share increased from $0.93 in the previous year to $1.06 in the fourth quarter of 2024.
Revenue and Gross Profit Increase
Both funeral and cemetery segments saw increases in revenues, gross profit, and comparable margin percentages, contributing to earnings per share growth.
Cemetery Revenue Growth
Comparable cemetery revenue increased by $20 million or about 4%, with core revenue primarily responsible for the increase.
Strong Cash Flow and Liquidity
Adjusted operating cash flow for the fourth quarter was $268 million, exceeding expectations and resulting in a strong financial position with liquidity totaling about $1.6 billion.
Successful Capital Investments
Invested $140 million into current locations, growth opportunities, and acquisitions in the fourth quarter, with a total of $348 million in maintenance CapEx for the full year.