Welcome to our dedicated page for Carriage Services news (Ticker: CSV), a resource for investors and traders seeking the latest updates and insights on Carriage Services stock.
Carriage Services, Inc. (CSV) is a leading provider of professional funeral and cemetery services and products in the United States. The company operates in two main business segments: Funeral Home Operations and Cemetery Operations. This dual-segment approach allows Carriage Services to offer a comprehensive range of services, meeting the diverse needs of client families and communities nationwide.
The Funeral Home Operations segment provides burial, cremation, and consultation services. It manages the entire funeral process, including the removal and preparation of remains, sale of caskets, urns, and other funeral merchandise. Operating funeral home facilities also allows the company to offer visitation, remembrance, and transportation services, contributing significantly to its revenue.
On the other hand, the Cemetery Operations segment covers various cemetery services such as mausoleum crypts, private estates, lawn crypt gardens, traditional single burial gravesites, and burial vaults. This segment complements the funeral services by providing a final resting place for the deceased, ensuring a seamless and respectful end-to-end experience for families.
Carriage Services prides itself on maintaining high ethical standards and professionalism. The company believes that a strong, dedicated workforce is the foundation of its high-performance culture. This commitment to excellence ensures that they provide top-tier service, continually meeting the needs of their clients.
Recent Achievements and Updates
- Conference call on November 9, 2023, addressing financial performance and future strategies.
- Solid performance in Q1 2024, with an 8.4% increase in total revenue and a significant rise in preneed cemetery sales.
- Improvement in adjusted consolidated EBITDA by 20.9% for Q1 2024, showcasing effective cost management and strategic initiatives.
- Continued focus on strategic objectives aimed at enhancing service quality and operational efficiency, as outlined in the 2023 shareholder letter.
Carriage Services remains focused on its mission of creating premier experiences through innovation, empowered partnerships, and elevated service. They are dedicated to delivering high-quality funeral and cemetery services, ensuring that every client family receives compassionate and professional care.
Carriage Services (NYSE: CSV) has been ranked #33 on Forbes' Most Successful Small Companies for 2025. The recognition highlights the company's growth, innovation, and dedication to serving families in the funeral and cemetery sector. CEO Carlos Quezada attributed the achievement to the team's passion and commitment to excellence.
The ranking is based on Forbes' analysis of performance metrics including revenue growth, profitability, and innovation, along with qualitative factors such as leadership, impact, and culture. Carriage Services currently operates 162 funeral homes across 26 states and 31 cemeteries in 11 states, positioning itself as a leading provider of funeral and cemetery services in the United States.
Carriage Services (NYSE: CSV) has appointed John Enwright as Senior Vice President, Chief Financial Officer and Treasurer, effective January 2, 2025. Enwright brings over 25 years of financial leadership experience, most recently serving as CFO at Edible Brands, His previous roles include CFO at Vera Bradley for five years and a 15-year tenure at Tiffany & Company.
The appointment aligns with Carriage's three strategic objectives: disciplined capital allocation, purposeful growth, and relentless improvement. CEO Carlos R. Quezada expressed confidence that Enwright's financial expertise and strategic acumen will help accelerate growth, enhance operational excellence, and strengthen the company's foundation.
Carriage Services (NYSE: CSV) reported strong Q3 2024 results with revenue of $100.7 million, up 11.3% year-over-year. The growth was driven by a 27.1% increase in consolidated cemetery preneed sales and a 3.1% increase in funeral average revenue per contract. GAAP net income grew 112.4%, with diluted EPS rising to $0.63 from $0.30. The company improved its leverage ratio to 4.3x from 5.3x and paid down $15.0 million in debt. Based on strong performance, Carriage Services increased its 2024 guidance to $395-$405 million in revenue, $120-$125 million in adjusted EBITDA, and adjusted diluted EPS of $2.45-$2.55.
Carriage Services (NYSE: CSV), a leading provider of funeral and cemetery services in the United States, has announced a quarterly dividend declaration. The company's Board of Directors approved a dividend of 11.25¢ per share on October 16, 2024. This dividend will be payable on December 2, 2024 to shareholders of record as of November 4, 2024.
Carriage Services currently operates 162 funeral homes across 26 states and 31 cemeteries in 11 states, solidifying its position as a major player in the funeral and cemetery services industry. The company offers both services and merchandise to its customers throughout the United States.
Carriage Services (NYSE: CSV) has announced its schedule for releasing 2024 third quarter results. The company plans to release the results on Wednesday, October 30, 2024 after the market closes. A conference call will follow on Thursday, October 31, 2024 at 9:30 a.m. central time.
Interested parties can participate in the call by dialing 888-224-1005 (Conference ID 6660738) or via a live webcast. An audio archive of the call will be available on the company's website. Carriage Services is a leading provider of funeral and cemetery services in the United States, operating 162 funeral homes in 26 states and 31 cemeteries in 11 states.
Carriage Services (NYSE: CSV) reported a strong Q2 2024 with key metrics showing significant growth. Revenue increased by 4.8% YoY to $102.3 million driven by a 31.1% rise in cemetery preneed sales and a 4.0% increase in funeral average revenue. GAAP diluted EPS was $0.40, while adjusted diluted EPS reached $0.63, up 18.9% from Q2 2023. The leverage ratio stood at 4.58x following an amendment to the credit agreement, which is expected to reduce near-term interest expenses. The company raised its FY 2024 revenue guidance to $390-$400 million and adjusted diluted EPS to $2.30-$2.40. Adjusted consolidated EBITDA is projected at $117-$123 million. Despite a decrease in net income to $6.3 million from $8.3 million YoY, the company remains optimistic about its five-year strategic objectives.
Q2 highlights include a 440 basis points increase in Total Field EBITDA Margins to 46.1% and a 251% rise in preneed funeral commissions to $1.4 million. Funeral contract volumes declined by 6.6%, but average revenue per contract grew by 4.0%.
Carriage Services (NYSE: CSV), a leading provider of funeral and cemetery services in the United States, has announced a quarterly dividend of 11.25¢ per share. The dividend will be payable on September 3, 2024 to common shareholders of record as of August 5, 2024. This decision was made by the company's Board of Directors on July 17, 2024.
Carriage Services currently operates 164 funeral homes across 26 states and 31 cemeteries in 11 states, solidifying its position as a major player in the funeral and cemetery services industry. This dividend declaration demonstrates the company's commitment to providing returns to its shareholders.
Carriage Services (NYSE: CSV), a leading provider of funeral and cemetery services in the United States, has announced its schedule for releasing 2024 second quarter earnings. The company plans to release its results on Wednesday, July 31, 2024 after market close. A conference call to discuss the results is scheduled for Thursday, August 1, 2024, at 9:30 a.m. central time.
Interested parties can participate in the call by dialing 888-224-1005 (Conference ID 703556) or via a live webcast. An audio archive of the call will be available on the company's website. Carriage Services operates 164 funeral homes in 26 states and 31 cemeteries in 11 states.
Carriage Services, Inc. (NYSE: CSV) reported strong financial results for the first quarter of 2024, showcasing total revenue of $103.5 million, an 8.4% increase year-over-year. Despite a slight decline in Funeral segment operating volume due to COVID-related factors, the company saw growth in total revenue driven by cemetery preneed sales. GAAP diluted EPS was $0.45, and Adjusted diluted EPS was $0.75. The company paid down $25.0 million of debt, completed a divestiture of non-core assets, and reaffirmed its full-year 2024 outlook.
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