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.

HOUSTON, April 29, 2021 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) (“Carriage Services” or the “Company”) today announced that it priced its private offering of $400 million aggregate principal amount of 4.25% senior notes due 2029 (the “notes”). The notes are being offered to persons who are reasonably believed to be qualified institutional buyers pursuant to Rule 144A and to certain non-U.S. persons outside of the United States pursuant to Regulation S, each under the Securities Act of 1933, as amended (the “Act”).   The offering is expected to close on May 13, 2021, subject to customary closing conditions.

Carriage Services Announces Pricing of Senior Notes Offering

HOUSTON, April 26, 2021 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) (“Carriage Services” or the “Company”) today announced that it intends to offer, subject to market and other conditions, $400 million aggregate principal amount of senior notes due 2029 (the “notes”) through a private offering to persons who are reasonably believed to be qualified institutional buyers pursuant to Rule 144A and to certain non U.S. persons outside of the United States pursuant to Regulation S, each under the Securities Act of 1933, as amended (the “Act”).

Carriage Services Announces Offering of Senior Notes

The IBD SmartSelect Composite Rating for Carriage Services rose from 94 to 96 Friday. The post Carriage Services Joins Rank Of Stocks With 95-Plus Composite Rating appeared first on Investor's Business Daily.

Carriage Services Joins Rank Of Stocks With 95-Plus Composite Rating

Carriage Services, Inc. (CSV) CEO Mel Payne on Q1 2021 Results - Earnings Call Transcript

Shares of Carriage Servs (NYSE:CSV) rose in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 131.43% over the past year to $0.81, which beat the estimate of $0.57.

Carriage Servs: Q1 Earnings Insights

HOUSTON, April 21, 2021 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced results for the first quarter ended March 31, 2021. Mel Payne, Chairman and CEO, stated, “We had a record first quarter performance in four of five operating and financial reporting segments to start 2021, as Total Revenue increased $19.1 million or 24.7% to $96.6 million, Field EBITDA increased $15.7 million or 52.1% to $45.8 million, Adjusted Consolidated EBITDA increased $11.8 million or 51.7% to $34.7 million, Adjusted Free Cash Flow increased $14.5 million or 115.3% to $27.1 million, and Adjusted Diluted EPS increased $0.46 or 131.4% to $0.81 compared to $0.35 in 2020. Our Field Margins in all five segments continued to be extraordinarily high compared to 2020, reflected by a Total Field EBITDA Margin of 47.4%, up 860 basis points, Adjusted Consolidated EBITDA Margin of 35.9%, up 640 basis points, and Adjusted Free Cash Flow Margin of 28.1%, up 1,180 basis points.

Carriage Services Announces Record First Quarter Results

HOUSTON, April 15, 2021 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced plans to release 2021 first quarter results on Wednesday, April 21, 2021 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, April 22, 2021 at 9:30 a.m. central time.

Carriage Services Announces 2021 First Quarter Earnings Release and Conference Call Schedule

HOUSTON, April 05, 2021 (GLOBE NEWSWIRE) -- Mel Payne, Chairman and CEO of Carriage Services, Inc. (NYSE: CSV), issued the following statement, “Today after the market closed, we released my Shareholder Letter, along with filing a related Current Report on Form 8-K with the Securities and Exchange Commission, as my Shareholder Letter contains our Year to Date February 2021 Comparative Performance Highlights (shown below), as well as highly transparent individual performance data on the four large acquisitions we made during the last quarter of 2019/early 2020. The Cover Theme for my 50 page Shareholder Letter is, “A Tale of High Performance Transformation.”

Carriage Services Announces Release of Annual Shareholder Letter

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Carriage Services, Inc.'s (CSV) CEO Mel Payne on Q4 2020 Results - Earnings Call Transcript

HOUSTON, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced that its Board of Directors has agreed with the Company's Chairman and CEO, Mel Payne, to extend the term of his employment agreement another seven years through February 17, 2028.

Carriage Services Announces Employment Agreement Extension with Chairman and CEO Mel Payne

Shares of Carriage Servs (NYSE:CSV) were flat in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share rose 103.57% year over year to $0.57, which beat the estimate of $0.48.

Recap: Carriage Servs Q4 Earnings

Conference call on Thursday, February 18, 2021 at 9:30 a.m. central time.

Carriage Services Announces Record Fourth Quarter, 2020 Full Year Results

Carriage Services (NYSE:CSV) announces its next round of earnings this Wednesday, February 17. Here is Benzinga's everything-that-matters guide for this Wednesday's Q4 earnings announcement.

Earnings Preview: Carriage Services

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HOUSTON, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced plans to release 2020 annual results on Wednesday, February 17, 2021 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 18, 2021 at 9:30 a.m. central time.

Carriage Services Announces 2020 Annual Results Earnings Release and Conference Call Schedule

HOUSTON, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced they are participating in the Virtual Sidoti Winter 2021 Investor Conference on January 13, 2021. Carriage Services has also released a new presentation which can be accessed through the Sidoti conference portal for registered participants and in the investor relations section of the Company's website: www.carriageservices.com.

Carriage Services, Inc. to Present Virtually and Host 1x1 Investor Meetings at the Virtual Sidoti Winter 2021 Investor Conference on January 13th

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Carriage Services (CSV) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

How Carriage Services (CSV) Stock Stands Out in a Strong Industry

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Carriage Services, Inc. (CSV) CEO Melvin Payne on Q3 2020 Results - Earnings Call Transcript

Carriage Services (CSV) delivered earnings and revenue surprises of 64.52% and 14.05%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

News for Carriage Services Stock (CSV)