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.
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.
Carriage Services, Inc. (NYSE: CSV) announced a quarterly dividend of 11.25¢ per share, declared on July 20, 2022. This dividend will be payable on September 1, 2022 to holders of record as of August 8, 2022. Carriage Services is a prominent provider in the funeral and cemetery industry, operating 167 funeral homes across 26 states and 31 cemeteries in 11 states.
Carriage Services, Inc. (CSV) announced its financial results for Q2 2022, reporting a revenue increase to $90.6 million, up 2.6% year-over-year. GAAP Net Income surged to $10.9 million, a remarkable 276.7% increase. However, the company faced challenges, with Total Field EBITDA declining by 3.4% to $38.6 million due to a decrease in Same Store Cemetery performance. The company has invested $176.7 million in share repurchases since May 2021 and is prioritizing acquisitions and capital expenditures for growth.
Carriage Services, Inc. (NYSE: CSV) announced the release date for its 2022 second quarter results, set for Wednesday, July 27, 2022, after market close. The company will hold a live earnings conference call on Thursday, July 28, 2022, at 9:30 a.m. central time. Interested parties can listen via phone or through the internet. Carriage Services is a prominent provider of funeral and cemetery services, operating 167 funeral homes across 26 states and 31 cemeteries in 11 states.
Carriage Services (CSV) reported record quarterly revenue of $98.2 million for Q1 2022, an increase of 1.6% year-over-year. GAAP diluted EPS rose 40.8% to $1.00, driven by a lower share count and tax rate. The company has repurchased 3.4 million shares since May 2021, representing 19% of outstanding shares. Management remains focused on internal growth and acquisitions, with an intrinsic value estimate of $70 to $80 per share. Despite a slight decline in EBITDA margins, the outlook for future acquisitions is positive, with one deal anticipated to close within 90 days.
Carriage Services, Inc. (NYSE: CSV) declared a quarterly dividend of 11.25¢ per share on April 21, 2022, payable on June 1, 2022, to common shareholders on record as of May 9, 2022. The company operates 168 funeral homes across 26 states and 31 cemeteries in 11 states, positioning itself as a leading provider in the funeral and cemetery services sector in the United States.
Carriage Services, Inc. (NYSE: CSV) will release its first quarter 2022 earnings on April 27, 2022, after market hours. A conference call is scheduled for April 28, 2022, at 10:00 a.m. CT, which will be broadcast live online and also available via phone. The company, a major provider of funeral and cemetery services in the U.S., operates 168 funeral homes and 31 cemeteries across multiple states. Details for the conference call can be found on the company’s website.