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, Dec.  05, 2019  (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) (“Carriage Services” or the “Company”) today announced that it priced its private offering of an additional $75 million aggregate principal amount of 6.625% senior notes due 2026 (the “new notes”). The new notes are being offered to persons who are reasonably believed to be qualified institutional buyers pursuant to Rule 144A and to certain 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 December 19, 2019, subject to customary closing conditions. The new notes will be issued at a price equal to 104% of the principal amount thereof, plus accrued interest from December 1, 2019.

Carriage Services Announces Pricing of Additional Senior Notes Offering

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HOUSTON, Dec.  05, 2019  (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, an additional $75 million aggregate principal amount of its 6.625% senior notes due 2026 (the “new notes”) through a private offering to persons who are reasonably believed to be qualified institutional buyers pursuant to Rule 144A and to certain persons outside of the United States pursuant to Regulation S, each under the Securities Act of 1933, as amended (the “Act”).  On May 31, 2018, the Company completed an offering of $325 million of its 6.625% Senior Notes due 2026 (the “initial notes” and, together with the new notes, the “notes”). The new notes will have terms identical to the initial notes, except with respect to the date of issuance, the issue price, the initial interest accrual date and the initial interest payment date, and the new notes and the initial notes will be treated as a single class of securities under the indenture governing the notes.

Carriage Services Announces Offering of Additional Senior Notes

HOUSTON, Dec.  04, 2019  (GLOBE NEWSWIRE) -- Mel Payne, Chairman and Chief Executive Officer of Carriage Services, Inc. (NYSE: CSV), stated, “I am excited to announce that we have signed a definitive agreement to acquire Oakmont Memorial Park and Mortuary in Lafayette, California from StoneMor Partners.  We have long known about Oakmont being a uniquely beautiful cemetery, which has a lush mountainside landscape and provides spectacular views of nearby Mount Diablo and Briones Regional Park.  The business was founded in 1956 and serves the East Bay Area including Oakland and many communities in Contra Costa County where we have a group of funeral chapels that offer strong collaboration synergies.  Oakmont is best known for its beautifully designed and constructed high end cemetery projects to satisfy the burial and memorialization needs of the affluent area markets that it serves.

Carriage Services Announces Entry Into a Definitive Agreement to Acquire the Assets of Oakmont Memorial Park & Mortuary

Carriage Services (CSV) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Carriage Services (CSV) Upgraded to Buy: What Does It Mean for the Stock?

Carriage Services' (CSV) CEO Mel Payne on Q3 2019 Results - Earnings Call Transcript

Carriage Services (CSV) delivered earnings and revenue surprises of -12.50% and 0.66%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Carriage Services (CSV) Lags Q3 Earnings Estimates

HOUSTON, Oct.  28, 2019  (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced results for the third quarter ended September 30, 2019.

Carriage Services Announces Third Quarter 2019 Results and Raises Rolling Four Quarter Outlook

HOUSTON, Oct.  28, 2019  (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) is pleased to announce that we have partnered with Rest Haven Funeral Home and Cemetery in Rockwall, Texas, which represents Carriage’s entry into the large and highly attractive strategic market of the Dallas-Fort Worth Metroplex.

Carriage Services Announces Acquisition of Rest Haven Funeral Homes and Cemetery in Texas

HOUSTON, Oct.  23, 2019  (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced that its Board of Directors on October 23, 2019 declared the quarterly dividend of 7.5¢ per share payable on December 2, 2019 to common share record holders as of November 11, 2019. 

Carriage Services Declares Quarterly Cash Dividend.

Carriage Services (CSV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Carriage Services (CSV) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

HOUSTON, Oct.  09, 2019  (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) is pleased to announce that we have partnered with Lombardo Funeral Homes in Buffalo, NY. The partnership with Lombardo Funeral Homes further expands Carriage Services’ strategic geographic footprint in the state of New York. 

Carriage Services Announces Acquisition of Lombardo Funeral Homes in New York

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In my previous article on Carriage Services, Inc. (CSV), I wrote about how acquisitions would be key for the company to reach higher revenues and earnings in the coming quarters.

Hard Work Pays Off At Carriage Services

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Carriage Services, Inc's (CSV) CEO Mel Payne on Q2 2019 Results - Earnings Call Transcript

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Carriage Services, Inc. (CSV) CEO Mel Payne on Q1 2019 Results - Earnings Call Transcript

Cremations, compared to funeral services, are less profitable. The growing preference for cremations will hurt any company in the death care business.

News for Carriage Services Stock (CSV)