Welcome to our dedicated page for Carriage Svcs news (Ticker: CSV), a resource for investors and traders seeking the latest updates and insights on Carriage Svcs stock.
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 (NYSE: CSV) reported strong financial results for YTD February 2021, highlighting a record in several key performance metrics. Same-store funeral contracts rose by 29.2% to 7,734, with total revenue reaching $65.7 million, a 26.9% increase. Key EBITDA metrics showed a total field EBITDA of $32.2 million (+58.9%) and adjusted diluted earnings per share of $0.64 (+220%). The company is focused on continued growth and plans to refinance $400 million in senior notes under improved terms due to its enhanced credit profile.
Carriage Services, Inc. (NYSE: CSV) announced the extension of Chairman and CEO Mel Payne's employment agreement for seven years, through February 17, 2028. The Board expressed confidence in Payne's leadership, highlighting his contribution to the company's high-performance culture and transformation efforts. The stock option structure for this extension is aligned with the Good To Great II Shareholder Value Creation Plan, with one-third of options vesting at a share price of $53.39 and two-thirds at $77.34. The company operates 176 funeral homes and 32 cemeteries across the U.S.
Carriage Services, Inc. (CSV) reported record financial results for Q4 and FY 2020, with revenues of $90.1 million and $329.4 million, respectively. Adjusted EBITDA reached $28.3 million for Q4 and $104.3 million for the full year, yielding a margin of 31.6%. The company achieved a record diluted EPS of $1.86, reflecting a 48.8% increase year-over-year. Despite a high leverage ratio of 4.4 times, CSV plans to refinance $400 million in senior notes to lower interest costs. The pandemic's impact spurred performance growth, and January 2021 showed continued strong metrics, signaling sustained operational momentum.
Carriage Services, Inc. (NYSE: CSV) announced plans to release its 2020 annual financial results on February 17, 2021, after market close. A conference call to discuss these results is scheduled for February 18, 2021, at 9:30 a.m. CT, available via phone and online. Carriage operates 178 funeral homes and 32 cemeteries across multiple states in the U.S., making it a prominent provider in the funeral and cemetery services sector.
Carriage Services, Inc. (NYSE: CSV) has declared a quarterly dividend of 10¢ per share. This dividend will be payable on March 1, 2021, to common share record holders as of February 8, 2021. Operating 178 funeral homes across 26 states and 32 cemeteries in 12 states, Carriage Services is a prominent provider in the funeral and cemetery service industry in the United States. This announcement reflects the company’s commitment to returning value to its shareholders.
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.