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.
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On April 20, 2023, Carriage Services, Inc. (NYSE: CSV) announced a quarterly dividend of 11.25¢ per share, scheduled for payment on June 1, 2023. This dividend will be available to shareholders on record as of May 8, 2023. Carriage Services is a prominent provider of funeral and cemetery services across the United States, operating 173 funeral homes in 26 states and 32 cemeteries in 11 states.
Carriage Services, Inc. (NYSE: CSV) will release its 2023 first quarter earnings on May 3, 2023, after market close. Following the earnings release, a conference call is scheduled for May 4, 2023, at 9:30 a.m. CT, which will be accessible via audio conferencing and a webcast link. Carriage Services is a prominent provider of funeral and cemetery services in the U.S., operating 173 funeral homes and 32 cemeteries across various states.
Carriage Services, Inc. (NYSE: CSV) has successfully acquired substantially all assets of Greenlawn Funeral Homes, Cemeteries and Cremations, and Wood Family Funeral Service, which includes three funeral homes, two cemeteries, and a cremation business in Bakersfield, California. This acquisition enhances Carriage's market presence, as Greenlawn holds a nearly 40% market share in the region. The move aligns with Carriage's strategy to partner with high-quality independent funeral services, aiming to strengthen their market position and expand their service capabilities.
Carriage Services, Inc. (NYSE:CSV) has announced the appointment of Kian Granmayeh as Executive Vice President, Chief Financial Officer, and Treasurer, effective March 13, 2023. Granmayeh has previously held executive positions, including CFO of Tellurian, and has a strong background in finance and investor relations. Chairman and CEO Mel Payne expressed enthusiasm for Granmayeh's strategic approach and leadership qualities, emphasizing the company’s commitment to growth and a people-driven culture. Mel Payne, recovering from health issues, reassured stakeholders of ongoing leadership and strategic initiatives aimed at sustainable growth.
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.