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, Inc. (CSV) announced its financial results for Q2 2022, reporting a revenue increase to $90.6 million, up 2.6% year-over-year. GAAP Net Income surged to $10.9 million, a remarkable 276.7% increase. However, the company faced challenges, with Total Field EBITDA declining by 3.4% to $38.6 million due to a decrease in Same Store Cemetery performance. The company has invested $176.7 million in share repurchases since May 2021 and is prioritizing acquisitions and capital expenditures for growth.
Carriage Services, Inc. (NYSE: CSV) announced the release date for its 2022 second quarter results, set for Wednesday, July 27, 2022, after market close. The company will hold a live earnings conference call on Thursday, July 28, 2022, at 9:30 a.m. central time. Interested parties can listen via phone or through the internet. Carriage Services is a prominent provider of funeral and cemetery services, operating 167 funeral homes across 26 states and 31 cemeteries in 11 states.
Carriage Services (CSV) reported record quarterly revenue of $98.2 million for Q1 2022, an increase of 1.6% year-over-year. GAAP diluted EPS rose 40.8% to $1.00, driven by a lower share count and tax rate. The company has repurchased 3.4 million shares since May 2021, representing 19% of outstanding shares. Management remains focused on internal growth and acquisitions, with an intrinsic value estimate of $70 to $80 per share. Despite a slight decline in EBITDA margins, the outlook for future acquisitions is positive, with one deal anticipated to close within 90 days.
Carriage Services, Inc. (NYSE: CSV) declared a quarterly dividend of 11.25¢ per share on April 21, 2022, payable on June 1, 2022, to common shareholders on record as of May 9, 2022. The company operates 168 funeral homes across 26 states and 31 cemeteries in 11 states, positioning itself as a leading provider in the funeral and cemetery services sector in the United States.
Carriage Services, Inc. (NYSE: CSV) will release its first quarter 2022 earnings on April 27, 2022, after market hours. A conference call is scheduled for April 28, 2022, at 10:00 a.m. CT, which will be broadcast live online and also available via phone. The company, a major provider of funeral and cemetery services in the U.S., operates 168 funeral homes and 31 cemeteries across multiple states. Details for the conference call can be found on the company’s website.
Carriage Services (NYSE: CSV) reported strong fourth quarter results for 2021, with revenue of $95.9 million, a 6.5% increase, and adjusted diluted EPS of $0.78, up 36.8%. Full-year revenue reached a record $375.9 million, reflecting a 14.1% rise, while adjusted diluted EPS grew 62.4% to $3.02. The company has invested $142.5 million repurchasing shares and announced a new $75 million stock repurchase program. Looking ahead, Carriage established a three-year performance outlook, projecting revenue between $380-$390 million in 2022. The intrinsic value per share range has increased to $70-$80.
Carriage Services, Inc. (NYSE: CSV) will release its 2021 annual results on February 23, 2022, after market close. Following this, a conference call is scheduled for February 24, 2022, at 9:30 a.m. CST, which will be accessible via phone or online at the company's website. Carriage Services operates 170 funeral homes and 31 cemeteries across the U.S., providing essential funeral and cemetery services.
Carriage Services, Inc. (NYSE: CSV) declared a quarterly dividend of 11.25¢ per share on January 20, 2022. The dividend will be payable on March 1, 2022, to shareholders on record as of February 7, 2022. Carriage Services is a prominent provider of funeral and cemetery services in the U.S., operating 170 funeral homes across 26 states and managing 31 cemeteries in 11 states.
Carriage Services reported third quarter revenue of $95.0 million with adjusted diluted EPS at $0.82, marking significant growth compared to previous quarters. The company executed share repurchases totaling $118.7 million and increased intrinsic value per share to a range of $65 to $75. A 5-cent increase in quarterly dividends was declared, totaling 45 cents per share annually. The performance metrics indicate strong momentum, particularly in September. Carriage's effective capital allocation highlights ongoing acquisition discussions and a commitment to enhancing shareholder returns.
Carriage Services, Inc. (CSV) plans to release its third quarter 2021 results on October 27, 2021, post-market close. The company will host a conference call to discuss these results on October 28, 2021, at 9:30 a.m. CT. Interested parties can participate via phone or by streaming online through the company's website. Carriage Services provides funeral and cemetery services across the United States, operating 171 funeral homes and 32 cemeteries in multiple states.
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