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) has appointed John Enwright as Senior Vice President, Chief Financial Officer and Treasurer, effective January 2, 2025. Enwright brings over 25 years of financial leadership experience, most recently serving as CFO at Edible Brands, His previous roles include CFO at Vera Bradley for five years and a 15-year tenure at Tiffany & Company.
The appointment aligns with Carriage's three strategic objectives: disciplined capital allocation, purposeful growth, and relentless improvement. CEO Carlos R. Quezada expressed confidence that Enwright's financial expertise and strategic acumen will help accelerate growth, enhance operational excellence, and strengthen the company's foundation.
Carriage Services (NYSE: CSV) reported strong Q3 2024 results with revenue of $100.7 million, up 11.3% year-over-year. The growth was driven by a 27.1% increase in consolidated cemetery preneed sales and a 3.1% increase in funeral average revenue per contract. GAAP net income grew 112.4%, with diluted EPS rising to $0.63 from $0.30. The company improved its leverage ratio to 4.3x from 5.3x and paid down $15.0 million in debt. Based on strong performance, Carriage Services increased its 2024 guidance to $395-$405 million in revenue, $120-$125 million in adjusted EBITDA, and adjusted diluted EPS of $2.45-$2.55.
Carriage Services (NYSE: CSV), a leading provider of funeral and cemetery services in the United States, has announced a quarterly dividend declaration. The company's Board of Directors approved a dividend of 11.25¢ per share on October 16, 2024. This dividend will be payable on December 2, 2024 to shareholders of record as of November 4, 2024.
Carriage Services currently operates 162 funeral homes across 26 states and 31 cemeteries in 11 states, solidifying its position as a major player in the funeral and cemetery services industry. The company offers both services and merchandise to its customers throughout the United States.
Carriage Services (NYSE: CSV) has announced its schedule for releasing 2024 third quarter results. The company plans to release the results on Wednesday, October 30, 2024 after the market closes. A conference call will follow on Thursday, October 31, 2024 at 9:30 a.m. central time.
Interested parties can participate in the call by dialing 888-224-1005 (Conference ID 6660738) or via a live webcast. An audio archive of the call will be available on the company's website. Carriage Services is a leading provider of funeral and cemetery services in the United States, operating 162 funeral homes in 26 states and 31 cemeteries in 11 states.
Carriage Services (NYSE: CSV) reported a strong Q2 2024 with key metrics showing significant growth. Revenue increased by 4.8% YoY to $102.3 million driven by a 31.1% rise in cemetery preneed sales and a 4.0% increase in funeral average revenue. GAAP diluted EPS was $0.40, while adjusted diluted EPS reached $0.63, up 18.9% from Q2 2023. The leverage ratio stood at 4.58x following an amendment to the credit agreement, which is expected to reduce near-term interest expenses. The company raised its FY 2024 revenue guidance to $390-$400 million and adjusted diluted EPS to $2.30-$2.40. Adjusted consolidated EBITDA is projected at $117-$123 million. Despite a decrease in net income to $6.3 million from $8.3 million YoY, the company remains optimistic about its five-year strategic objectives.
Q2 highlights include a 440 basis points increase in Total Field EBITDA Margins to 46.1% and a 251% rise in preneed funeral commissions to $1.4 million. Funeral contract volumes declined by 6.6%, but average revenue per contract grew by 4.0%.
Carriage Services (NYSE: CSV), a leading provider of funeral and cemetery services in the United States, has announced a quarterly dividend of 11.25¢ per share. The dividend will be payable on September 3, 2024 to common shareholders of record as of August 5, 2024. This decision was made by the company's Board of Directors on July 17, 2024.
Carriage Services currently operates 164 funeral homes across 26 states and 31 cemeteries in 11 states, solidifying its position as a major player in the funeral and cemetery services industry. This dividend declaration demonstrates the company's commitment to providing returns to its shareholders.
Carriage Services (NYSE: CSV), a leading provider of funeral and cemetery services in the United States, has announced its schedule for releasing 2024 second quarter earnings. The company plans to release its results on Wednesday, July 31, 2024 after market close. A conference call to discuss the results is scheduled for Thursday, August 1, 2024, at 9:30 a.m. central time.
Interested parties can participate in the call by dialing 888-224-1005 (Conference ID 703556) or via a live webcast. An audio archive of the call will be available on the company's website. Carriage Services operates 164 funeral homes in 26 states and 31 cemeteries in 11 states.
Carriage Services, Inc. (NYSE: CSV) reported strong financial results for the first quarter of 2024, showcasing total revenue of $103.5 million, an 8.4% increase year-over-year. Despite a slight decline in Funeral segment operating volume due to COVID-related factors, the company saw growth in total revenue driven by cemetery preneed sales. GAAP diluted EPS was $0.45, and Adjusted diluted EPS was $0.75. The company paid down $25.0 million of debt, completed a divestiture of non-core assets, and reaffirmed its full-year 2024 outlook.
Summary not available.
Summary not available.