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.

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.

Carriage Services: Cheap After The Failed Buyout

HOUSTON, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced plans to release 2023 third quarter results on Wednesday, November 8, 2023 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, November 9, 2023 at 9:30 a.m. central time.

Carriage Services Announces 2023 Third Quarter Earnings Release and Conference Call Schedule

HOUSTON, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) (“Carriage” or the “Company”) today confirmed that, as noted in its press release issued on June 29th, Carriage's Board of Directors continues its process to review strategic alternatives to maximize shareholder value. The Company does not intend to comment further unless and until there is an actionable matter that requires announcement.

Carriage Services Confirms Continuation of Review of Strategic Alternatives

TORONTO, ON / ACCESSWIRE / October 2, 2023 / Today, Park Lawn Corporation (TSX:PLC),(TSX:PLC.U) ("Park Lawn" or "PLC") announced that it has declined to participate further in Carriage Services, Inc.'s (NYSE: CSV) ("Carriage") previously announced strategic review process and that it has withdrawn its all cash proposal to purchase the outstanding stock of Carriage. Park Lawn does not intend to comment further on its withdrawal from Carriage's strategic review process or regarding the withdrawal of its offer unless it deems further disclosure is appropriate or required.

Park Lawn Withdraws Offer to Purchase Carriage Services, Inc.

Carriage Services, Inc. (NYSE:CSV ) Q2 2023 Results Conference Call August 3, 2023 10:30 AM ET Company Participants Steven Metzger - President Mel Payne - Executive Chairman of the Board of Directors Carlos Quezada - Chief Executive Officer and Vice Chairman of the Board of Directors Kian Granmayeh - Executive Vice President and Chief Financial Officer Conference Call Participants Alex Paris - Barrington Research John Franzreb - Sidoti & Company George Kelly - ROTH MKM Operator Good day and thank you for standing by. Welcome to the Carriage Services Second Quarter 2023 Earnings Conference Call.

Carriage Services, Inc. (CSV) Q2 2023 Earnings Call Transcript

Conference call on Thursday, August 3, 2023 at 9:30 a.m. central time. Conference call on Thursday, August 3, 2023 at 9:30 a.m. central time.

Carriage Services Announces Second Quarter 2023 Results

HOUSTON, July 25, 2023 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) (“Carriage” or the “Company”) announced today that its Board of Directors (the “Board”) has elected Julie Sanders as an independent member of the Board, effective immediately. Ms. Sanders, 55, will serve as a member of the Corporate Governance, Audit and Compensation Committees. She currently serves as Senior Vice President and Chief Audit Executive at Dell Technologies, one of the world's leading technology companies. Ms. Sanders' career at Dell spans 21 years where she has held various finance, accounting, and audit leadership positions before becoming the Chief Audit Executive in 2021. In this role she is responsible for leading the global audit organization and the company's enterprise risk management program. Julie began her career at KPMG and previously served in two Chief Financial Officer roles.

Carriage Services Announces Election of Julie Sanders to Board of Directors

HOUSTON, July 19, 2023 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced plans to release 2023 second quarter results on Wednesday, August 2, 2023 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 3, 2023 at 9:30 a.m. central time.

Carriage Services Announces 2023 Second Quarter Earnings Release and Conference Call Schedule

HOUSTON, July 05, 2023 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) (“Carriage” or the “Company”) announced today that its Board of Directors (the “Board”) has elected Somer Webb as an independent director, effective immediately. Ms. Webb, 44, will serve as the Chair of the Board's Compensation Committee and as a member of the Board's Audit and Corporate Governance Committees. Following the appointment of Ms. Webb, the Board will comprise seven directors, five of whom are independent.

Carriage Services Announces Election of Somer Webb to Board of Directors

Carriage Services (CSV) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Strength Seen in Carriage Services (CSV): Can Its 20.4% Jump Turn into More Strength?

TORONTO, ON / ACCESSWIRE / June 29, 2023 / Park Lawn Corporation (TSX:PLC)(TSX:PLC.U) ("Park Lawn", "PLC", or the "Company") today confirmed, in response to industry media rumors, that it has submitted a preliminary all cash proposal to the Board of Directors of Carriage Services, Inc. (NYSE: CSV) ("Carriage") to purchase all of the outstanding stock of Carriage. The proposal was made confidentially and subject to the completion of satisfactory due diligence and the negotiation and execution of a mutually satisfactory definitive acquisition agreement.

Park Lawn Corporation Responds to Market Rumours Regarding a Potential Acquisition of Carriage Services, Inc.

Carriage Services's CSV, +2.60% stock was up about 5.6% in premarket trades Thursday after the $400 million-market cap, Houston-based funeral and cemetery services company said it's reviewing strategic alternatives with adviser Lazard. Carriage Services said some possible outcomes of the review include a sale, merger or other potential deals to “maximize shareholder value.

Carriage Services stock rises as it announces review of strategic alternatives including a sale

HOUSTON, June 29, 2023 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) (“Carriage” or the “Company”) today announced that its Board of Directors has initiated a process to explore potential strategic alternatives, possibly including a sale, merger or other potential strategic or financial transaction, to maximize shareholder value.

Carriage Services Announces Review of Strategic Alternatives

Announcement Highlights The Board has appointed Carlos R. Quezada as Chief Executive Officer; Mel Payne assumes the role of Executive Chairman of the Board of Directors; The Board has appointed Steven D.

Carriage Services Appoints Carlos R. Quezada as Chief Executive Officer; Mel Payne Assumes Role of Executive Chairman of the Board of Directors

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HOUSTON, May 16, 2023 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced a landmark national agreement with National Guardian Life Insurance Company (NGL), which has provided insurance solutions for over 100 years, and Precoa, the premier pre-arranged funeral sales and marketer in the death care industry. This strategic partnership will deliver exceptional pre-arranged funeral services and offerings across the Carriage Services platform, empowering families with unparalleled peace of mind and an elevated customer experience.

Carriage Services Announces Strategic National Partnership to Grow Pre-Arranged Funeral Sales and Deliver Unparalleled Service

Carriage Services, Inc. (NYSE:CSV ) Q1 2023 Earnings Conference Call May 4, 2023 10:30 AM ET Company Participants Steve Metzger - Executive Vice President, Chief Administrative Officer & General Counsel and Secretary Mel Payne - Chairman & Chief Executive Officer Carlos Quezada - President & Chief Operating Officer Kian Granmayeh - Executive Vice President & Chief Financial Officer Conference Call Participants Alex Paris - Barrington Research Liam Burke - B. Riley Financial.

Carriage Services, Inc. (CSV) Q1 2023 Earnings Call Transcript

HOUSTON, May 03, 2023 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced its financial results for the first quarter ended March 31, 2023. Company Highlights: Outperformed first quarter 2023 financial expectations amid uncertainty against an elevated COVID-19 first quarter 2022 comparable; Cemetery operating revenue increased to $21.6 million, or ~6%, driven by growth in preneed sales; Closed the acquisition of Greenlawn Funeral Homes and Cemeteries (2022 revenue of ~$18 million), gaining access to ~40% of market share in Bakersfield, California by adding three funeral homes, two cemeteries, and a cremation focused business; Appointed Kian Granmayeh as Executive Vice President, Chief Financial Officer and Treasurer; and Reaffirms full-year 2023 outlook of $375-$385 million in total revenue, adjusted consolidated EBITDA of $110-$115 million, adjusted diluted earnings per share of $2.25-$2.40 and adjusted free cash flow of $50-60 million.

Carriage Services Announces First Quarter 2023 Results

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HOUSTON, April 12, 2023 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced plans to release 2023 first quarter results on Wednesday, May 3, 2023 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 4, 2023 at 9:30 a.m. central time.

Carriage Services Announces 2023 First Quarter Earnings Release and Conference Call Schedule

HOUSTON, March 22, 2023 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) Carriage Services, Inc. ("Carriage" or "Carriage Services") is pleased to announce that it has acquired substantially all the assets of Greenlawn Funeral Homes, Cemeteries and Cremations and Wood Family Funeral Service (collectively "Greenlawn"), consisting of three funeral homes, two cemeteries, and a cremation focused business, located in the Bakersfield, California market.

Carriage Services Announces the Acquisition of Greenlawn Funeral Homes, Cemeteries and Cremations and Wood Family Funeral Service

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HOUSTON, March 06, 2023 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE:CSV)

Carriage Services Appoints Kian Granmayeh as Chief Financial Officer

Carriage Services, Inc. beat earnings and sales estimates in Q4. Carriage Services shares, though, have not pushed on post the earnings beat. Elevated debt and reduced cash flow are areas of concern.

News for Carriage Services Stock (CSV)