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) is set to participate in the Virtual Sidoti Winter 2021 Investor Conference on January 13, 2021. The company, a major provider of funeral and cemetery services in the U.S., operates 178 funeral homes and 32 cemeteries across multiple states. A new presentation related to the conference is available for registered participants on the Sidoti conference portal and the company's website.
For further inquiries, contact Viki Blinderman or Ben Brink at the provided phone numbers or through their investor relations email.
On October 27, 2020, Carriage Services (NYSE: CSV) announced an increase in its quarterly dividend to 10¢ per share, payable on December 1, 2020, to shareholders recorded as of November 9, 2020. This decision comes after the Board of Directors withdrew its previous dividend declaration from October 21, 2020. Carriage Services is a prominent provider of funeral and cemetery services, operating 180 funeral homes across 27 states and 32 cemeteries in 12 states.
Carriage Services announced record third-quarter results for 2020, showing a 27.6% revenue increase to $84.4 million. Adjusted Consolidated EBITDA rose 60.1% to $27.7 million, with an adjusted EPS of $0.51, an 82.1% increase. Total debt decreased by 7.4% to $471 million, improving the debt-to-EBITDA ratio to 4.8 times. The company raised its four-quarter outlook, projecting revenue of $324 million to $332 million and increased its annual dividend by $0.05 to $0.40 per share.
Carriage Services, Inc. (NYSE: CSV) declared a quarterly dividend of 8.75¢ per share on October 21, 2020. The dividend is payable on December 1, 2020, to shareholders on record as of November 9, 2020. Carriage Services is a prominent provider of funeral and cemetery services, operating 180 funeral homes across 27 states and 32 cemeteries in 12 states.
Carriage Services, Inc. (NYSE: CSV) will release its third quarter results for 2020 on October 27, after market close. The associated conference call is set for October 28 at 9:30 a.m. CT, available via phone or live on the company's website. Carriage Services is a major provider of funeral and cemetery services in the U.S., operating 180 funeral homes across 27 states and managing 32 cemeteries in 12 states. For further details, investors can reach out to Viki Blinderman or Ben Brink using the provided contact information.
Carriage Services (CSV) reported record results for Q2 and H1 2020, showcasing a total revenue of $77.5 million, a 14.4% increase year-over-year. Key metrics also included record Adjusted Consolidated EBITDA of $25.4 million, a margin of 32.8%, and Adjusted Free Cash Flow of $17.9 million, up 90.1%. Despite leadership changes, with the resignation of President Bill Goetz, the company anticipates strong growth driven by recent acquisitions and a new Executive Team member, Carlos Quezada. The outlook for next four quarters includes projected total revenue between $312 million and $320 million.
Carriage Services, Inc. (NYSE: CSV) will release its 2020 second quarter results on July 28, 2020, after market close. A conference call to discuss these results is scheduled for July 29, 2020, at 9:30 a.m. central time. Investors can join the call by dialing 866-516-3867 or streaming via the Company's website. An audio archive will be available post-call until August 3, 2020. Carriage Services operates 183 funeral homes across 28 states and 32 cemeteries in 11 states, providing essential services and merchandise in the U.S.
Carriage Services, Inc. (NYSE: CSV) announced its Q1 2020 results, revealing a 12.2% revenue increase to $77.5 million. However, adjusted net income declined by 10.8% to $6.1 million, with diluted EPS down 7.9% to $0.35. Free cash flow rose significantly by 30.7% to $12.6 million, showcasing company resilience amid the COVID-19 crisis. The board approved a $0.05 increase in the annual dividend to $0.35, signaling confidence in future cash flows. The updated three-year outlook projects continued growth with total revenue expected to reach $324 million by 2022.
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