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 (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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