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John McNamara
Director, Investor Relations

StoneMor Partners L.P.
3600 Horizon Blvd. Suite 100
Trevose, PA 19053

P: (215) 826-2945
E: jmcna@stonemor.com

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NYSE STON:

$ 6.16 +0.26 +4.41% Volume: 147,999 Feb 16, 2018 | 4:02 PM ET
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Press Releases

StoneMor Partners L.P. Issues Update on Sales Team Development

January 16, 2018

TREVOSE, Pa., Jan. 16, 2018 (GLOBE NEWSWIRE) -- StoneMor Partners L.P. (NYSE:STON) (“StoneMor” or the “Partnership”) today provided additional data on the ongoing restructuring of its sales force.  

Total salespeople within the salesforce at December 31, 2017, excluding terminations, numbered 721, which was 17 more than the prior year comparable period, while reflecting an increase of 2 from the 719 individuals reported at November 30, 2017.

The Partnership’s ongoing restructuring of its sales force includes new sales managers moving to an alternative compensation structure which combines base salary and bonus.  Data noting salespeople who made a sale during the month are cemetery sales only and excludes selling managers.  The number of salespeople who made a sale during the month of December 2017 was 592, an increase of 33 from the 559 reported for December 2016.  The number of salespeople who made a sale in December 2017 decreased by 4 from the 596 who made a sale in November 2017.

   Salespeople within total salesforce:  
             
  As of December 31, 2017   721
  As of December 31, 2016   704
  Increase/(decrease)    17
     
  As of November 30, 2017    719
  Increase/(decrease)    2
     
 Salespeople that made a sale*:  
     
  Month of December 2017   592
  Month of December 2016   559
  Increase/(decrease)    33
     
  Month of November 2017   596
  Increase/(decrease)    (4)
                                      *ex selling managers & funeral homes sales   

About StoneMor Partners L.P.

StoneMor Partners L.P., headquartered in Trevose, Pennsylvania, is an owner and operator of cemeteries and funeral homes in the United States, with 316 cemeteries and 94 funeral homes in 27 states and Puerto Rico. 

StoneMor is the only publicly traded death care company structured as a partnership. StoneMor’s cemetery products and services, which are sold on both a pre-need (before death) and at-need (at death) basis, include:  burial lots, lawn and mausoleum crypts, burial vaults, caskets, memorials, and all services which provide for the installation of this merchandise. For additional information about StoneMor Partners L.P., please visit StoneMor’s website, and the investors section, at http://www.stonemor.com.

CONTACT:
John McNamara
Director - Investor Relations
StoneMor Partners L.P.
(215) 826-2945

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Source: StoneMor Partners L.P.