Carriage Services

Carriage Services, Inc. engages in the provision of funeral and cemetery services. It operates through the Funeral Home and Cemetery segments. The Funeral Home segment offers a complete suite of services to meet families' funeral needs, including consultation, the removal and preparation of remains, the sale of caskets and related funeral merchandise, the use of funeral homes for visitation and remembrance services and transportation services. The Cemetery segment includes interment rights and related merchandise, such as markers and outer burial containers. The company was founded by Melvin C. Payne in 1991 and is headquartered in Houston, TX.

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Carriage Services reports strong net income growth and strategic initiatives

Carriage Services showcased strong financial performance with a focus on net income growth.
Strategic initiatives like preneed funeral restructuring and digital transformation are key strengths.
Challenges include managing inflation, executing tech initiatives, and transitioning reporting methodology.
Opportunities lie in significant growth potential in prearranged funerals and disciplined capital allocation.

Carriage Services exceeds Q1 expectations, poised for strategic growth

Carriage Services demonstrated resilience in Q1 2023, surpassing financial expectations despite challenges like inflationary costs and lower funeral revenue.
The company's strategic strengths in maintaining margins, driving growth through acquisitions, and pricing power position it for future success and market leadership.
Challenges in managing costs, optimizing margins, and integrating recent acquisitions underscore areas for ongoing focus and improvement.
Opportunities in operational enhancements, market expansion, and financial performance optimization pave the way for sustained growth and value creation.

Carriage Services reports revenue growth and strategic partnerships for expansion

Carriage Services' Q2 2023 performance reflects revenue growth, strategic acquisitions, and a focus on preneed funeral sales expansion.
While facing challenges such as margin pressures and operational complexities, the company aims to capitalize on opportunities from partnerships and revenue growth.
Strategic initiatives to enhance market advantage, reduce leverage, and drive growth position Carriage Services for improved financial performance and value creation.

Carriage Services reports robust Q3 results, eyes growth through partnerships

Carriage Services' Q3 2023 performance reflects strong operational results and financial metrics, with a focus on debt reduction and strategic partnerships.
Despite challenges such as declining at-need volume, the company is well-positioned to capitalize on growth opportunities through digital transformation and partnerships.
The company's emphasis on financial discipline and operational efficiency underscores its commitment to long-term sustainability and value creation.
Carriage Services' proactive approach to addressing challenges and leveraging opportunities bodes well for its future growth and profitability.

Carriage Services reports solid Q4 earnings, eyes growth opportunities

Carriage Services delivered a strong financial performance in Q4 2023, with revenue growth and operational improvements.
The company faces challenges from lower volumes and interest rate impacts but is focused on growth opportunities and customer-centric strategies.
Strategic initiatives, partnerships, and a new purpose statement position Carriage Services for continued success and market expansion.

Carriage Services (CSV) reports strong Q1 earnings and growth outlook

Carriage Services delivered a robust performance in Q1 2024, showcasing revenue growth, EBITDA improvement, and debt reduction, underlining operational efficiency and strategic focus.
While facing challenges in managing growth sustainability and cost pressures, the company's strengths in pricing strategy, cost management, and strategic outlook position it well for future success.
With opportunities to optimize operations, explore new revenue streams, and pursue strategic acquisitions, Carriage Services remains poised for continued growth and value creation for stakeholders.

Carriage Services reports robust Q2 earnings, eyes strategic growth

Carriage Services delivered a strong financial performance in Q2 2024, showcasing revenue growth and improved profitability.
The company's strategic initiatives and increased guidance reflect confidence in sustained growth and operational excellence.
While facing challenges in various operational aspects, Carriage Services remains optimistic about future opportunities and long-term value creation.

Carriage Services (CSV) excels in Q3 2024, eyes M&A growth

Carriage Services (CSV) delivered robust financial results in Q3 2024, driven by strategic sales growth and efficient cost management.
The company's focus on sustainable margins, debt reduction, and M&A activities positions it well for future growth.
While facing challenges in leadership transitions and overhead management, Carriage Services remains committed to financial success and service excellence.

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The full company name is Carriage Services, Inc.

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Is Carriage Services (CSV) Stock Outpacing Its Consumer Staples Peers This Year?

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The mean of analysts' price targets for Carriage Services (CSV) points to a 26.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

How Much Upside is Left in Carriage Services (CSV)? Wall Street Analysts Think 26.46%

Carriage Services, Inc (NYSE:CSV ) Q2 2024 Results Conference Call August 1, 2024 10:30 AM ET Company Participants Steve Metzger - President Carlos Quezada - Chief Executive Officer and Vice Chairman of the Board of Directors Kathryn Shanley - Chief Accounting Officer Conference Call Participants Alex Paris - Barrington Research Liam Burke - B. Riley John Franzreb - Sidoti & Company George Kelly - ROTH MKM Operator Good day, and thank you for standing by.

Carriage Services, Inc (CSV) Q2 2024 Earnings Call Transcript

Carriage Services (CSV) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.53 per share a year ago.

Carriage Services (CSV) Beats Q2 Earnings and Revenue Estimates

Conference call on Thursday, August 1, 2024 at 9:30 a.m. central time Conference call on Thursday, August 1, 2024 at 9:30 a.m. central time

Carriage Services Announces Strong Second Quarter 2024 Results and Increases Full-Year 2024 Outlook

HOUSTON, July 16, 2024 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced plans to release 2024 second quarter results on Wednesday, July 31, 2024 after the market closes. In conjunction with the release, Carriage Services has scheduled a conference call, which will be broadcast live over the Internet on Thursday, August 1, 2024 at 9:30 a.m. central time.

Carriage Services Announces 2024 Second Quarter Earnings Release and Conference Call Schedule

Carriage Services, Inc. has continued reporting stable earnings, showing great growth in pre-need cemetery sales. The company's strategy targets notable growth from continued M&A and ambitious organic growth, but the organic target should be taken with reasonable skepticism. Carriage Services, Inc.'s M&A has been quiet with no new acquisitions in the past year, the strategic alternative review ending with no results. A non-core divestiture is the most notable recent transaction.

Carriage Services Targets Continued M&A And Ambitious Organic Momentum

Carriage is undervalued due to at-a-glance impressions of high leverage and a one-time decline in revenue. At a closer look, the Company's debt has favorable terms and is being paid down in large amounts with excess cash flow. Industry experts support CSV's potential and valuation, with a private valuation indicating the stock price should be almost double the current price.

Carriage Services: Funeral Home Consolidator Goes Unnoticed In Rapidly Changing Market

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Carriage Services (CSV) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.56 per share a year ago.

Carriage Services (CSV) Q1 Earnings and Revenues Beat Estimates

HOUSTON, May 01, 2024 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced its financial results for the first quarter ended March 31, 2024. Company Highlights: Total revenue of $103.5 million led to growth of 8.4% over the prior-year quarter, primarily driven by a 38.4% increase in cemetery preneed sales; GAAP diluted EPS of $0.45 and Adjusted diluted EPS of $0.75, compared to $0.57 and $0.56 in the prior-year quarter, respectively; Completed the divestiture of previously announced non-core assets; The Company paid down $25.0 million of debt on its credit facility during the first quarter; and Reaffirm full-year 2024 outlook.

Carriage Services Announces First Quarter 2024 Results

HOUSTON, April 17, 2024 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced plans to release 2024 first quarter results on Wednesday, May 1, 2024 after the market closes. In conjunction with the release, Carriage Services has scheduled a conference call, which will be broadcast live over the Internet on Thursday, May 2, 2024 at 9:30 a.m. central time.

Carriage Services Announces 2024 First Quarter Earnings Release and Conference Call Schedule

Carriage Services, Inc. (CSV) Q4 2023 Earnings Call Transcript

Carriage Services (CSV) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.64 per share a year ago.

Carriage Services (CSV) Tops Q4 Earnings and Revenue Estimates

Conference call on Thursday, February 22, 2024 at 9:30 a.m. central time Conference call on Thursday, February 22, 2024 at 9:30 a.m. central time

Carriage Services Announces Fourth Quarter and Full Year 2023 Results

HOUSTON, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced plans to release 2023 annual results on Wednesday, February 21, 2024 after the market closes. In conjunction with the release, Carriage Services has scheduled a conference call, which will be broadcast live over the Internet on Thursday, February 22, 2024 at 9:30 a.m. central time.

Carriage Services Announces 2023 Annual Results Earnings Release and Conference Call Schedule

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Carriage Services is a funeral and cemetery services company operating in the death care industry. The industry is facing a decline due to the increasing preference for cremation over burial. This decline presents an opportunity for consolidation, benefiting larger competitors like Carriage Services.

Carriage Services: A Fragmented Market Provides Great Opportunities For This Industry Consolidator

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Carriage Services, Inc. (NYSE:CSV ) Q3 2023 Earnings Conference Call November 9, 2023 10:30 AM ET Company Participants Steven Metzger - President, EVP, Secretary, Chief Administrative Officer & General Counsel Carlos Quezada - CEO & Vice Chairman Kian Granmayeh - EVP, CFO & Treasurer Conference Call Participants Alex Paris - Barrington Research Associates Liam Burke - B. Riley Securities J.P.

Carriage Services, Inc. (CSV) Q3 2023 Earnings Call Transcript

Conference call on Thursday, November 9, 2023 at 9:30 a.m. central time Conference call on Thursday, November 9, 2023 at 9:30 a.m. central time

Carriage Services Announces Third Quarter 2023 Results

Carriage Services operates funeral homes and cemeteries in the US and has a strategy of acquiring small independent operators to grow earnings. After Park Lawn's acquisition of Carriage Services failed, the stock price has decreased significantly. The company's business is highly resistant to macroeconomic turbulence, as demonstrated in the great financial crisis.

News for Carriage Services Stock (CSV)