the morning. cemetery of funeral detailed by for a then remarks XXXX. call operations, the Debbie, finally thank as comment on at overview I fourth will outlook joining our my on and high-level look followed quarter a you everyone Today, more with begin usual our this and of us Thanks, for quarter and the
begin overview the let's with quarter. So of an
release lower you As X% saw with A in segment associated earnings more funeral in to than with from and coupled share. cemetery profits revenue the expenses grew our adjusted projects. administrative decline solid by yesterday, or general our performance per nearly $X.XX completed construction press offset $X.XX per cemetery lower share
or quarter. remarks. cash prior flow were the we as cash of generated the his million On $XXX provide pleased flow an flow front Eric in XX% on color over year we adjusted operating more impressive will increase cash
compare we funeral We highlight as funeral well performance the quarter, year segment our primarily services both driven to as solid core in operating performed by funeral would higher prior X% businesses our As increasing Direct. earnings I a had profit things. with over SCI in few a
cemetery construction anticipated the sales for operating with reduction may segment, in cemetery of production expected revenue cemetery decline combined slight in our third development from cemetery preneed profit pressure year amount quarterly recognized and in I significant recall quarter projects our call a decline This cemetery the to in In the last quarter. that due completed completed prior XX% you mentioned resulted a from revenue quarter. the revenue we in profit
associated $XX long-term compensation almost this of tied plan prior favorably general that Operating in our the $X had is performance in incentive a Most million, a large year plan to associated unit the return an about in expense. Recall income was impacted and over with a unusually shareholder period. total expense this in three-year expenses. we increase with by quarter, was administrative to reduction reduction due million
performance three group, outperformed XXXX adjust we of the accrual of were required for our significantly price our all top-quartile stock. As relative the the to to quarter stock during peer the third reflect plants
Below with a larger tax grow affected well our and line the tracked closely expenses performance interest expense, held position to normalize. more has slightly since operating higher higher a a as quarterly as negatively our we slightly rate. and peer by were as Now the accrual our its for quarter,
detail shifting same Now top or $X.X compared the X% services funeral the Core around funeral over This perspective, funeral to higher primarily nearly quarter. a prior to year. million revenues grew grew $X operating or to last the some funeral line more revenue by From quarter. for performance year we related comparable was X.X% the performed. million period
was at core X% core pleased Offsetting we The level. flat. report volume sales cremation basis that were pleased of an look sales are When at the core points. of before was XXX growing average essentially we increase this than growth quarter-over-quarter. change, to average increase X.X% an funeral the in We comparable more customer mix funeral increase organic continued the to mix
to change lower than the is points. this XXX basis of closer reported anticipate, is mix last our we range anticipated and As settling we several quarters around have in
Our to home non-funeral perform SCI or continues well. channel Direct
continue growth million or channel. excited or Direct expand non-funeral almost strong increases and with show in are average. and We we SCI the continue revenue opportunities home potential to to this $X to both solid X% volume about grew
delivered a are grew Direct revenue resulting sale basis, SCI -- Recognized the preneed million represents and recognition. of revenues on products primarily recall $X.X this at preneed immediate time or in sold by
into or profit revenue than focus proud am continued profits million our an of which our and impressive fixed more variable XX.X%. profits. $X.X increased perspective, grew a From I on managing convert of costs, points to basis team's XXX allowed operating us operating and the to growth X% margins XXX%
preneed total the Keep gets year up third comparison last quarter. that sale, mind Finally, against this tough backlog, a the reported compared preneed increase sales XXXX. as in for our XX.X% X% we quarter to on grew into almost were deferred we in production, which of funeral funeral
year can coming solid fourth over rate We our In at the a grew locations quarter. prior in quarter, sales that increased core SCI the X%. the we sales a quarter. preneed locations current growth Preneed Direct strong at believe our X% deliver,
cemetery to turning Now operations.
quarter, from projects recognized year amount completed last going knew given top the was developer prior line mentioned cemetery challenging the As of quarter. that cemetery be revenue growth we to significant in
revenue under During the X%. just third total comparable cemetery $XX declined nearly million quarter, or
While anticipated. did cemetery a this slightly we'd revenue decline than was anticipate more we
of down So components the cemetery let's revenue. break
We funeral positive. $X saw X.X% the with benefit atneed the million correlate or inflationary additional this First, favorable growth a the as closely would pricing. increase of the in quarter of stream revenue with revenue cemetery more volume
a funeral million growth. volumes increase income correlated is service the saw $X than with with recognized preneed so fund trust we Volume or in again Additionally, on of additional deliveries, revenue. X% merchandising more based benefit
the for million the revenue to was or decline contributor lower headwind's biggest recognized preneed perspective the XX%. revenue a property about From quarter, of $XX
due we fund to timing Additionally, capital saw gains. of $X the income trust perpetual million of distributable lower care
quarter's recognized projects, decline from The previous which delivered. revenue it revenue the takes was recognized when completed period million production property in not $XX was of current primarily preneed in recognized constructively recognized sold, was construction decline that with associated anticipated sales as an but
can upon most changes timings, significant disruptions. aspect flow cemetery preneed temporary quarter based us was X.X% comp and sales manager the or markets The quarter-to-quarter from Clearly, accounts turnover, of for with sales these individual cause the plan disappointing ebb production. sales the large will weather, sales even decline in
chosen make our That not make from an only get is Godfather business situation, a just to to X% to light old-timer and use an target. of an going II. the growth back to but is why I'm this observation commitment part Not to offline we've to excuse of the X%
concentration largest only West the We have that have cemetery historically the sales in produced segment. two have three very not consumer cities the high but company, a Chinese Coast cemeteries production in in had
these or XX% On a basis, by preneed the segment. cemeteries, year-to-date production three lower cemetery just our is $XX of about in million over sales
close Chinese to year-to-date, just to decline range. it the back the shift large will sales take production add from category. the would from facts company where growth markets speculation. The reasons into growth preneed from our you we target X.X% is Most These X.X% cemetery decline, this the If our sales facts. when it why are back is two of and come in very
customers, This feedback we with policies variety in remains pause consumers large by certain of a uncertain. of from the assets encountering has of movements their believe they uncertainties, more political are ongoing on for Chinese the challenges sales combined have our impacted caused to a cash China. Based of government that as implemented access restrictive out near-term
back uncertainty believe If just decline. We will this don't In can we X% alone in get XXXX. the X% XXXX, should subside, to know this to $XX an the when. to we we've opportunity here, million afford us growth stabilize absorbed
meantime, the not we're sitting In still.
management continuing our our operational on and are best-in-class of contemporary grow sales tiered our teams with by abundance talented teams. properties in powerful sales sales growing to focused property utilizing available, an tools Our
that But growth of single-digit for production for deliver growth sales that be going is growth This short to to belief it's year our We the return fourth do preneed in target. growth should XXXX. X% expect X% can to XXXX we the low quarter. our
revenue cemetery better decline, and on is about effective segment comparable expect the cost. XX%. than decline operating of to profits cemetery to similar million management funeral margins and was helped would I've the basis dropped XXX described quarter by $XX the decreased in the fixed This Following points our you revenue
Chinese continue on consumer our we if comfortable guidance Shifting the to to $X outlook earnings year, our the the for $X.XX of segment. to headwinds end maybe with remainder we experience with annual we the of remain that lower
As the as mix sales in better both would color cemetery as the as growth expect months would for continued profits improved sales cemetery in rates well preneed nine growth average as of on as and far sales profitability. trends. versus We would growth XXXX. we higher quarter, We higher expect first well production expect funeral volume in preneed funeral cremation
corporate the muted general with fourth prior costs as higher of administrative see to slightly year one-time be prior growth compared quarter especially trend to continue should the the had should quarter. rate year some legal as matters. lower the This associated expenses, tax We by and
Eric to With that, his over it I'll remarks. for turn
