Carriage Services, Inc. provides funeral and cemetery services and merchandise in the United States through funeral home operations and cemetery operations. Its funeral home business includes burial, cremation, consultation, visitation, remembrance and transportation services, along with caskets, urns and related merchandise. Its cemetery operations include interment rights and cemetery property products such as mausoleum spaces, niches, private estates, lawn crypt gardens, gravesites and burial vaults.
Carriage Services news commonly covers quarterly and annual results, guidance, preneed cemetery sales, insurance-funded preneed funeral contracts, general agency commission revenue, dividends, acquisitions and divestitures, balance-sheet actions, at-the-market equity financing and executive leadership updates.
Carriage Services (CSV) announced a capital allocation framework and will terminate its $100 million at-the-market equity program effective October 4, 2026. The framework prioritizes existing-business investment, then balances debt reduction, selective acquisitions and share repurchases based on expected returns and value per share.
A new $300 million revolving credit facility replaces the $250 million facility. Carriage lowered its targeted leverage ratio from 3.5x–4.0x to 3.0x–3.5x and intends to strengthen its financial position ahead of the May 2029 maturity of $400 million in outstanding 4.25% Senior Notes. Future refinancing timing and structure depend on operating performance, credit profile and market conditions, including interest rates. Planned investments include cemetery development and systems supporting its 2030 Vision. Carriage plans repurchases when it considers shares attractively valued, while balancing acquisitions and repurchases against leverage objectives.
Carriage Services (CSV) closed a new $300 million senior secured revolving credit facility, replacing its existing facility and expanding committed borrowing capacity.
The facility replaces a $250 million agreement, adding $50 million in capacity. Its stated maturity is September 30, 2031, versus July 31, 2029 previously, subject to a provision that can bring maturity forward tied to its 4.25% senior notes due 2029. Carriage expects an approximately 50-basis-point reduction in its effective borrowing margin as total net leverage falls below 4.0x. Commitment-fee pricing improves across most leverage tiers. The agreement adds covenant flexibility for qualifying acquisitions while retaining a maximum leverage ratio of 5.00x and minimum fixed-charge coverage ratio of 1.20x.
ZettaJoule, an advanced nuclear energy company, has appointed energy finance executive Kian Granmayeh as Chief Financial Officer to support its next phase of growth.
Granmayeh previously served as CFO of two publicly traded companies, most recently as Executive Vice President, CFO and Treasurer of Carriage Services (CSV), and earlier as CFO of Tellurian, where he helped structure project financing for a multibillion‑dollar LNG export project and executed more than $1.4 billion in capital markets transactions. His background also includes investment banking at Lazard’s Energy Banking Group and senior roles in financial planning, analysis and investor relations at Apache Corporation.
The company’s CEO, Mitsuo Shimofuji, said Granmayeh’s capital markets and large‑scale project financing experience will support ZettaJoule’s move toward commercial deployment and scaling its next‑generation high‑temperature gas‑cooled reactor technology.
Carriage Services (NYSE: CSV) reported second quarter 2026 revenue of $102.9 million, up 0.8% year over year, with GAAP net income of $12.3 million and diluted EPS of $0.77 versus $0.74 a year ago. Adjusted consolidated EBITDA was $33.3 million with margin expanding to 32.3%, and adjusted diluted EPS rose to $0.78.
Cemetery preneed sales production grew 5.0% and average price per preneed interment right sold increased 17.3%, while insurance-funded preneed funeral contracts rose 21.1%. Funeral average revenue per contract increased 4.7% despite a 4.0% decline in consolidated funeral contract volume. Financial revenue grew 14.0%. The company completed a strategic funeral home acquisition and kept its leverage ratio at 4.0x.
For 2026, Carriage revised its total revenue outlook to $435–$445 million from $440–$450 million, but reaffirmed adjusted diluted EPS guidance at $3.35–$3.55, along with adjusted EBITDA of $135–$140 million and adjusted free cash flow of $40–$50 million. Capital expenditure guidance was lowered to $20–$25 million from $25–$30 million.
Carriage Services (NYSE: CSV) will release its 2026 second quarter earnings on Wednesday, August 5, 2026, after market close. The company will host an earnings conference call and live webcast on Thursday, August 6, 2026, at 8:00 a.m. Central Time, with phone and online access options.
Carriage Services (NYSE: CSV) announced that its Board of Directors declared a quarterly cash dividend of 11.25¢ per share on July 16, 2026. The dividend is payable on September 1, 2026 to common shareholders of record as of August 3, 2026.
Carriage Services (NYSE: CSV) announced on May 27, 2026, that it acquired substantially all the assets of McCammon Ammons Click Funeral Home in Maryville, Tennessee, marking its entry into the Greater Knoxville market.
The deal expands Carriage’s Tennessee footprint and supports its focus on purposeful growth.
Carriage Services (NYSE: CSV) reported Q1 2026 results and confirmed 2026 guidance on May 6, 2026. Total revenue was $106.1M, GAAP diluted EPS was $0.84, and adjusted diluted EPS was $0.86. Adjusted consolidated EBITDA was $33.8M with margin 31.8%. Cemetery revenue grew 6.0% and preneed sales production rose 10.0%. Leverage fell to 4.0x. The company launched an at-the-market equity program to sell up to $100.0M of common stock for opportunistic acquisitions and balance-sheet flexibility.
Carriage Services (NYSE: CSV) will release 2026 first quarter results on May 6, 2026 after market close and will host an earnings conference call on May 7, 2026 at 8:00 a.m. Central Time.
Investors may access the call via phone (800-330-6710, Conference ID 5549353) or live webcast; an audio archive will be available on demand at www.carriageservices.com. As of March 31, 2026, Carriage operates 155 funeral homes in 24 states and 28 cemeteries in 9 states.
Carriage Services (NYSE: CSV) announced a quarterly cash dividend of $0.1125 per share declared April 15, 2026. The dividend is payable June 1, 2026 to common shareholders of record on May 4, 2026. Carriage operates 155 funeral homes and 28 cemeteries as of March 31, 2026.
This distribution reflects the board's return of cash to shareholders and applies to common shares recorded by the May 4, 2026 record date.