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TREVOSE, Pa., Dec. 14, 2017 -- StoneMor Partners L.P. (NYSE:STON) (“StoneMor” or the “Partnership”) today provided additional data on the ongoing restructuring of its salesforce.
Total salespeople within the salesforce at November 30, 2017, excluding terminations, numbered 719, which was 21 more than the prior year comparable period, while reflecting a decrease of 9 from the 728 individuals reported at October 31, 2017.
The Partnership’s ongoing restructuring of its salesforce 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 November 2017 was 596, an increase of 57 from the 539 reported for November 2016. The number of salespeople who made a sale in November 2017 increased by 13 from the 583 who made a sale in October 2017.
| Salespeople within total salesforce: | |||||
| As of November 30, 2017 | 719 | ||||
| As of November 30, 2016 | 698 | ||||
| Increase/(decrease) | 21 | ||||
| As of October 31, 2017 | 728 | ||||
| Increase/(decrease) | (9 | ) | |||
| Salespeople that made a sale*: | |||||
| Month of November 2017 | 596 | ||||
| Month of November 2016 | 539 | ||||
| Increase/(decrease) | 57 | ||||
| Month of October 2017 | 583 | ||||
| Increase/(decrease) | 13 | ||||
| *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 |
