CSV
Carriage Services, Inc.43.88
-0.25-0.57%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details M&A baked into guide
Q&A unpacked 2026 guidance details, revealing $5-10M revenue impact from expected new acquisitions at 7-9x EBITDA multiples—beyond the $16M from 2025 deals—signaling aggressive M&A after deleveraging to 4x. Project Trinity lags rollout to Q2-Q3 but packs enhanced AI features, with zero guide uplift; recent Orlando/Pensacola buys hit stride in January. Flu normalization yields tough Q1 volume comps, offset by cemetery gains and steady pricing power. Supply chain tweaks still early innings. Q1 comps tough, offsets strong. Confident compounding vibe; watch M&A closes, Trinity execution.
Key Stats
Market Cap
690.90MP/E (TTM)
14.20Basic EPS (TTM)
3.09Dividend Yield
0.01%Recent Filings
10-K
FY2025 results
Carriage Services posted FY2025 revenue of $417.4M, up 3.3% y/y, with funeral homes driving 2.3% growth via 2.3% higher contract volume and 1.4% better average revenue per contract despite a 60.8% cremation rate; cemeteries surged 5.1% on 3.6% more preneed interment rights sold at 6.4% higher prices. Adjusted operating profit climbed to $187.0M (44.8% margin), fueled by Q4's next-gen sales platform yielding $2.6M in preneed production. Net income jumped 56% to $51.5M, or $3.25 diluted EPS, reconciling to 15.6M shares. Operating cash flow hit $60.7M; debt stood at $532.9M with $121M revolver availability, while $7M dividends flowed. Q4 sales acceleration sharpened preneed momentum. Yet death rates fluctuate unpredictably.
8-K
Strong Q4, record EPS
Carriage Services posted Q4 revenue of $105.5M, up 8.0%, with GAAP EPS jumping 24.2% to $0.77 on funeral volume gains and 25.5% preneed cemetery sales surge. Full-year revenue hit $417.4M, GAAP EPS soared 54.8% to $3.25, bolstered by two acquisitions adding over $15M revenue and divestitures trimming leverage to 4.0x. Guidance eyes $440-450M revenue, $135-140M adjusted EBITDA. Balance sheet strengthened.
8-K
Exec promotions align strategy
Carriage Services promoted Steven D. Metzger to President and COO effective February 2, 2026, alongside VP-level appointments in operations, legal, HR, and marketing to align with its 2030 Vision. These changes, tied to three years of business stabilization, sharpen focus on growth, improvement, and partnerships. Leadership now drives execution. Forward-looking statements note execution risks.
10-Q
Q3 FY2025 results
Carriage Services posted Q3 revenue of $102.7M, up 2.1% y/y, with gross profit climbing to $36.2M from $35.5M while operating income dipped to $17.5M from $22.9M on $6.6M net loss from divestitures and impairments. Diluted EPS fell to $0.41 from $0.63, reconciled to 15.7M shares; YTD net income surged 70% to $39.2M on $312.0M revenue (up 1.8% y/y). Florida acquisitions closed Sep 2025 for $56.5M cash/deferred (recognizing $37.2M goodwill), offset by divestitures yielding $37.3M proceeds. Cash stayed flat at $1.2M, operating cash flow hit $46.6M (FCF $33.9M derived), Credit Facility at $133.5M with $112.9M availability. Debt matures 2029. Tariffs risk supply chain costs.
8-K
Strong Q3, preneed surges
Carriage Services posted Q3 revenue of $102.7M, up 2.0%, with operating revenue surging 5.2% on 21.4% cemetery preneed growth and 27.2% financial revenue jump. Adjusted diluted EPS climbed 17.2% to $0.75, despite GAAP EPS dipping to $0.41 amid divestiture losses; acquired two revenue-generating businesses while shedding non-core assets, trimming leverage to 4.1x. Acquisitions fuel growth. Confirmed 2025 outlook midpoint.
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