Carriage Services Inc
NYSE:CSV

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Carriage Services Inc
NYSE:CSV
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Price: 42.11 USD -0.52% Market Closed
Market Cap: 663.2m USD

Carriage Services Inc
Investor Relations

Carriage Services, Inc. engages in the provision of funeral and cemetery services. The company is headquartered in Houston, Texas and currently employs 1,139 full-time employees. The firm operates through two segments: Funeral Home Operations and Cemetery Operations. Funeral Home Operations segment provides service businesses, which includes sales of burial and cremation services and related merchandise, such as caskets and urns. The company provides funeral services and products on both, an atneed (time of death) and preneed (planned prior to death) basis. Cemetery Operations segment is engaged in selling cemetery interment rights, including grave sites, lawn crypts, mausoleum spaces and niches; related cemetery merchandise, such as memorial markers, outer burial containers and monuments; and services, such as interments, inurnments and installation of cemetery merchandise. The company provides cemetery services and products on both an atneed and preneed basis. The firm operates approximately 170 funeral homes in 26 states and over 31 cemeteries in 11 states.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 6, 2025
AI Summary
Q3 2025

Revenue Growth: Carriage Services reported total operating revenue of $101.3 million for Q3, up 5.2% year-over-year, driven mainly by strong preneed cemetery sales.

Preneed Cemetery Sales: Preneed cemetery sales surged 21.4% from last year, rebounding after earlier permit delays and fueling growth in the cemetery segment.

Adjusted EPS & Margins: Adjusted diluted EPS increased to $0.75, up 17.2% from last year, and adjusted consolidated EBITDA margin expanded by 160 basis points to 32.1%.

Funeral Segment Weakness: Funeral operating revenue declined 1.3% due to a 2.1% drop in volume in July and August, though volume normalized in September and October.

Tech Investments: The company launched Sales Edge 2.0 (an upgraded CRM) and plans to introduce Titan, an AI-powered sales agent, to boost sales efficiency.

Divestitures & Capital Allocation: Several noncore assets were sold in Q3, helping pay down debt and reduce leverage to 4.1x; management does not expect major future divestitures.

Guidance Reaffirmed: 2025 outlook was narrowed and reaffirmed, targeting record revenue, EBITDA, and EPS with continued focus on cost control and balance sheet strength.

Key Financials
Operating Revenue
$101.3 million
Preneed Cemetery Sales
21.4% YoY growth
Cemetery Operating Revenue
$35.6 million
General Agency Commission Revenue
$2.6 million
Total Field EBITDA
$46.3 million
Adjusted Consolidated EBITDA
$33 million
Adjusted Consolidated EBITDA Margin
32.1%
Adjusted Diluted EPS
$0.75
GAAP EPS
$0.41
Leverage Ratio
4.1x
Debt Reduction
$5.1 million
Capital Expenditures
$6.7 million
Overhead Expenses
$13.7 million or 13.4% of revenues
Divestiture Proceeds
$19 million
Revenue from Divested Businesses
$9 million
EBITDA from Divested Businesses
$2.4 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Carlos R. Quezada
CEO & Vice Chairman
No Bio Available
Mr. Steven D. Metzger J.D.
President & Secretary
No Bio Available
Mr. Shawn R. Phillips
Senior VP, Regional Partner and Head of Strategic & Corporate Development
No Bio Available
Mr. Paul Donald Elliott
Senior VP & Regional Partner of West
No Bio Available
Ms. Adeola Olaniyan
Corporate Controller
No Bio Available
Ms. Kathryn Shanley
Interim Principal Financial Officer & Chief Accounting Officer
No Bio Available
Mr. Rob P. Franch
Chief Information Officer
No Bio Available
Mr. Shane T. Pudenz
Vice President Of Sales
No Bio Available
Ms. Peggy Schappaugh
Senior Vice President of Financial Planning & Analysis
No Bio Available
Mr. Christopher Manceaux
Senior VP & Regional Partner
No Bio Available

Contacts

Address
TEXAS
Houston
3040 Post Oak Blvd Ste 300
Contacts