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. (NYSE: CSV) is a U.S. provider of funeral and cemetery services and merchandise. The CSV news page on Stock Titan aggregates company announcements, earnings releases, acquisition updates, and dividend declarations drawn from Carriage Services’ public communications.
In its 2025 news flow, the company has highlighted financial results for multiple quarters, including detailed GAAP and non-GAAP metrics such as total revenue, operating income, net income, diluted EPS, adjusted consolidated EBITDA, adjusted diluted EPS, and adjusted free cash flow. Releases also summarize operating metrics like funeral contracts, average revenue per funeral contract, preneed interment rights sold, and burial and cremation rates.
Carriage Services’ news also covers strategic acquisitions and portfolio changes. Examples include the acquisition of Faith Chapel Funeral Homes & Crematory in the Pensacola, Florida market and the acquisition of Osceola Memory Gardens and related funeral home and cremation businesses in the Orlando, Florida metro area, as well as divestitures of non-core funeral homes and a cemetery. Management commentary connects these transactions to a broader growth and capital allocation strategy.
Investors following CSV news can also see announcements of quarterly cash dividends, with details on dividend amounts, record dates, and payment dates, along with schedules for earnings conference calls and webcasts. By reviewing this news feed, readers can track how operating trends, preneed sales, acquisitions, divestitures, leverage, and dividend decisions are described by the company over time.
Bookmark this page to quickly access the latest Carriage Services press releases and related coverage as they are issued and referenced in regulatory filings.
Carriage Services, Inc. (NYSE: CSV) announced its 2022 financial results on February 22, 2023, reporting a 10.5% compound annual growth in total revenue compared to pre-COVID 2019. The company achieved a 27.8% growth in adjusted diluted EPS and a 25% increase in net income year-over-year. The fourth quarter results surpassed expectations due to an increased number of non-COVID-19 related deaths. The acquisition of Greenlawn Funeral Homes is anticipated to close soon, and 2023 guidance projects total revenue of $375-$385 million and adjusted EBITDA of $110-$115 million. The firm aims to reduce debt leverage to 4.0-4.3 times by 2024.
Carriage Services, Inc. (NYSE: CSV) will release its 2022 annual results on February 22, 2023, after market close. A live conference call to discuss these results is scheduled for February 23, 2023, at 9:30 a.m. CST. The call will be accessible via audio conferencing and a webcast. Carriage Services operates 170 funeral homes across 26 states and owns 30 cemeteries in 11 states, establishing itself as a prominent provider of funeral and cemetery services in the U.S.
Carriage Services, Inc. (NYSE: CSV) announced a quarterly dividend of 11.25¢ per share on January 19, 2023, payable on March 1, 2023. Shareholders of record as of February 6, 2023 will receive the dividend. Carriage Services is significant in the U.S. funeral and cemetery services sector, operating 171 funeral homes across 26 states and 32 cemeteries in 11 states. This dividend underlines the company's commitment to returning value to shareholders, signaling financial stability and confidence in future earnings.
Carriage Services (CSV) announced a conference call on December 13, 2022, to unveil its High Performance and Credit Profile Restoration Plan (HPCPRP). The plan includes acquiring Greenlawn Funeral Homes and Cemeteries and targets 2024 performance metrics of $390-$400 million in revenue, $120-$126 million EBITDA, and $46-$50 million GAAP net income. The company aims to reduce its debt to EBITDA ratio to 4.0-4.3 times by 2024. October and November 2022 showed significant improvements in same-store funeral volumes and revenues compared to previous years, indicating a potential recovery post-COVID.
Carriage Services, Inc. (CSV) reported a third-quarter revenue of $87.5 million, a 7.9% decrease year-over-year. The Adjusted Diluted EPS fell by 45.1% to $0.45. Acquisitions include Heritage Funeral Homes and Forest Lawn East Cemetery in Charlotte, NC. Despite lower performance metrics due to normalizing death rates post-pandemic, management remains optimistic about future growth through strategic acquisitions. Notable decreases were seen in GAAP Net Income (down 55.1%) and Adjusted Free Cash Flow (down 36.3%) compared to prior year.
Carriage Services, Inc. (NYSE: CSV) has acquired Heritage Funeral and Cremation Services alongside Forest Lawn East Cemetery, which includes three funeral homes and a cemetery located in Charlotte, North Carolina. This acquisition enhances Carriage's presence in a rapidly growing market, serving over 1,200 families annually. The former owners, Harris High and Carolyn Williams, express confidence in the transition, indicating a seamless integration into Carriage's operations. This move aligns with Carriage's strategy to partner with top independent funeral and cemetery businesses to expand their footprint.
On October 19, 2022, Carriage Services declared a quarterly dividend of 11.25¢ per share, to be paid on December 1, 2022. The record date is set for November 7, 2022. Carriage Services operates 169 funeral homes across 26 states and manages 31 cemeteries in 11 states, positioning itself as a leading player in the funeral and cemetery services industry. This dividend payout reflects the company's ongoing commitment to returning value to shareholders.
Carriage Services, Inc. (NYSE: CSV) is set to announce its third quarter results for 2022 on October 26, after market close. A conference call to discuss these earnings will take place on October 27, 2022, at 9:30 a.m. Central Time. Investors can access the call via audio conferencing or online webcast. The company is recognized as a leading provider of funeral and cemetery services in the U.S., operating 169 funeral homes and 32 cemeteries across various states.
Carriage Services (NYSE: CSV) announced the departure of CFO Ben Brink, effective immediately, with plans for him to assist in the transition until June 30, 2023. Brink's departure is characterized as amicable, and he has chosen to pursue new career opportunities after 13 years with the company. CEO Mel Payne emphasized the company's growth trajectory and resilience in the current economic environment, citing strong operational improvements and promising acquisition opportunities. Brink will receive either $1 million or 30,000 CSV shares as part of his severance package.
Carriage Services (NYSE: CSV) announced the acquisition of substantially all assets of Funeraria San Juan in Kissimmee, Florida, enhancing its portfolio of funeral homes. This strategic move aligns with Carriage’s focus on partnering with high-growth independent funeral businesses, adding a team that served over 800 families last year. Fred Richardt, the former owner, expressed confidence in Carriage's ability to grow San Juan, highlighting the smooth transition process. Carriage operates 169 funeral homes across the U.S., indicating a robust market presence.