Earnings Up At Stewart Funeral Company
Submitted by:	N.O.V.A. April 2005
Source:  	Times Picayune 09-09-1992

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Stewart Enterprises, the Metairie-based funeral home and cemetery
company, reported third-quarter earnings 37 percent higher than a
year ago.

For the fiscal year through July 31, earnings were up 68 percent.

Stewart said Tuesday that it earned $3.5 million or 35 cents a share
on revenue of $38.5 million in the third quarter of its 1991-92
fiscal year. In the same quarter a year ago, the company earned 2.5
million or 36 cents a share on revenue of $36.7 million.

Per share performance reflects a 43 percent increase in the number of
shares outstanding.

The company said the profit gains came from its core businesses and
contributions from four new acquisitions. The company has made seven
acquisitions of funeral homes or cemeteries in this fiscal year.

Also, interest costs were nearly halved.

At the same time, the company expects damage from Hurricane Andrew to
its funeral home in Kendall, Fla., south of Miami, will not cost more
than 5 cents a share.

For the first three quarters of its fiscal year, Stewart earned $11.1
million or $1.12 a share on revenues of $114.1 million, compared with
earnings of $6.6 million or 95 cents a share on revenues of $102.8
million.

Stewart closed Tuesday at $19, down 3/4, in national over-the-counter
trading.