Carriage Svcs Inc - CSV STOCK NEWS

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.

Carriage Services, Inc. (CSV) declared a quarterly dividend of 11.25¢ per share, payable on June 3, 2024, to common share record holders as of May 6, 2024. The company is a top provider of funeral and cemetery services in the United States, operating 165 funeral homes in 26 states and 31 cemeteries in 11 states.

Carriage Services, Inc. (CSV) has announced the schedule for its 2024 first quarter earnings release and conference call. The results will be disclosed on May 1, 2024, followed by a live conference call on May 2, 2024, at 9:30 a.m. central time. Carriage Services is a prominent provider of funeral and cemetery services in the US, operating 165 funeral homes and 31 cemeteries across multiple states.

Carriage Services, Inc. (CSV) exceeded full year 2023 guidance with strong financial performance, including a 5.2% revenue growth in the fourth quarter. Mel Payne transitions to advisory role after 32 years of founding the company. The Board concludes review of strategic alternatives, opting to continue as an independent public company. The 2024 outlook focuses on organic growth initiatives and cost discipline.

Carriage Services, Inc. (CSV) announced the release of its 2023 annual results on February 21, 2024, followed by a conference call on February 22, 2024. The company operates 171 funeral homes and 32 cemeteries in the United States. The conference call will be broadcast live over the Internet, and an audio archive will be available on demand via the company's website.

Carriage Services, Inc. (CSV) declared a quarterly dividend of 11.25¢ per share payable on March 1, 2024, to common share record holders as of February 5, 2024. Carriage Services is a leading provider of funeral and cemetery services and merchandise in the United States, operating 171 funeral homes in 26 states and 32 cemeteries in 11 states.