STEWART ENTERPRISES INC (STEI) [Rocket]

In millions, except per share items	Oct-31-12	Oct-31-11	Oct-31-10	Oct-31-09	Oct-31-08	Oct-31-07	Oct-31-06	Oct-31-05
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Corporate Trust Management	24.9	24.3	23.3	22.5	27.4	28.3	27.4	28.3
Corporate						7.7	5.3	6.4
Eastern Division							248.4	260.4
Other	491.2	488.3	476.6	463.9	498.8	486.8	233.1	193.8
Total revenues	516.1	512.7	499.9	486.4	526.2	522.8	514.2	488.9
Revenue growth [+]	0.7%	2.6%	2.8%	-7.6%	0.7%	1.7%	5.2%	-0.9%
Corporate Trust Management	2.5%	4.3%	3.8%	-18.1%	-3.1%	3.2%	-3.1%	4.0%
Corporate						44.5%	-17.1%	18.9%
Eastern Division							-4.6%	2.4%
Western Division							7.7%	-0.9%
Cost of goods sold	406.4	412.2	403.2	398.8	425.6	410.4	399.6	387.4
Gross profit	109.7	100.4	96.7	87.6	100.6	112.4	114.6	101.5
Gross margin	21.3%	19.6%	19.4%	18.0%	19.1%	21.5%	22.3%	20.8%
Selling, general and administrative [+]	28.5	26.8	28.0	30.7	32.6	31.1	31.7	19.4
General and administrative	28.5	26.8	28.0	30.7	32.6	31.1	31.7	19.4
Other operating expenses	-1.5	-25.7	-1.3	-0.3	4.1	4.7	1.0	-1.0
EBITDA [+]	109.1	126.4	96.4	84.9	90.4	104.3	107.6	108.7
EBITDA growth	-13.7%	31.2%	13.5%	-6.1%	-13.3%	-3.1%	-1.1%	-13.2%
EBITDA margin	21.1%	24.7%	19.3%	17.5%	17.2%	19.9%	20.9%	22.2%
Depreciation and amortization	26.4	27.1	26.4	27.7	26.6	27.6	25.7	25.7
EBIT [+]	82.7	99.3	70.0	57.2	63.9	76.6	81.9	83.0
EBIT growth	-16.8%	41.9%	22.3%	-10.4%	-16.6%	-6.5%	-1.3%	-10.4%
EBIT margin	16.0%	19.4%	14.0%	11.8%	12.1%	14.7%	15.9%	17.0%
Non-recurring items [+]	3.2	12.2	-0.1	-0.1	23.7	-3.2	-2.8	9.2
Asset impairment					26.0
Loss (gain) on sale of assets						0.0	-0.2	1.3
Unusual expense	-0.1	12.2	-0.1	-0.4	-2.3	-3.1	-2.6	7.9
Interest expense, net [+]	23.2	22.1	24.2	27.7	29.8	25.1	29.6	30.5
Interest expense	23.4	22.7	24.4	27.8	29.8	25.1	29.6	30.5
Interest income	0.2	0.7	0.2	0.1
Other income (expense), net [+]		-1.9	-1.0	6.1	2.4	2.7	3.7	-32.1
Gain (loss) on debt retirement		-1.9	-1.0	6.1		-0.7		-32.8
Other	0.2	0.7	0.2
Pre-tax income	56.2	63.2	44.8	35.8	12.8	57.4	58.7	11.3
Income taxes	18.7	23.8	14.0	12.6	20.4	18.4	21.2	3.0
Tax rate	33.3%	37.7%	31.4%	35.2%	158.9%	32.1%	36.0%	26.4%
Earnings from continuing ops	37.5	39.3	30.7	23.2	-7.5	39.3	37.6	8.3
Earnings from discontinued ops	-1.6	-0.8	0.2	0.1
Net income	35.9	38.6	31.0	23.3	-7.3	39.8	37.6	-143.3
Net margin	7.0%	7.5%	6.2%	4.8%	-1.4%	7.6%	7.3%	-29.3%

Basic EPS [+]	$0.44	$0.44	$0.33	$0.25	($0.08)	$0.38	$0.35	$0.08
Growth	-0.1%	30.9%	32.2%	-416.9%	-120.8%	9.0%	361.9%	-73.5%
Diluted EPS [+]	$0.43	$0.43	$0.33	$0.25	($0.08)	$0.38	$0.35	$0.08
Growth	0.0%	30.6%	31.9%	-416.7%	-120.8%	8.9%	362.4%	-73.4%

Dividends per share [+]	$0.20	$0.13	$0.12	$0.11	$100.00	$100.00	$100.00
Growth	50.0%	8.3%	14.3%	-99.9%	0.0%	0.0%

Shares outstanding (basic) [+]	85.9	90.0	92.1	91.9	93.8	102.6	106.9	109.0
Growth	-4.6%	-2.3%	0.2%	-2.0%	-8.6%	-4.0%	-2.0%	1.4%
Shares outstanding (diluted) [+]	86.3	90.5	92.4	92.0	93.8	102.7	106.9	109.2
Growth	-4.7%	-2.1%	0.5%	-1.9%	-8.7%	-3.9%	-2.1%	1.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.