CSV
Carriage Services, Inc.43.88
-0.25-0.57%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
690.90MP/E (TTM)
14.20Basic EPS (TTM)
3.09Dividend Yield
0.01%Recent Filings
8-K
8-K
Q2 earnings surge, acquisitions ahead
Carriage Services reported Q2 2025 net income of $11.7 million, up 85.7% from last year, with diluted EPS at $0.74 amid flat total revenue of $102.1 million. Funeral revenue rose 2.6% on higher average contract values, while the company inked deals for acquisitions generating over $15 million in prior-year revenue, set to close later this quarter. It raised full-year 2025 guidance to $410-$420 million in revenue and $3.15-$3.35 adjusted diluted EPS. Debt paydown trimmed leverage to 4.2x.
10-Q
Q2 FY2025 results
Carriage Services held steady on revenue at $102.1M for Q2 ended June 30, 2025, flat year-over-year but up 1.7% sequentially from Q1's $107.1M (derived), while operating income jumped 30.7% y/y to $24.0M on lower corporate costs and a $5.9M gain from divesting two funeral homes and three cemeteries. Gross profit dipped 2.9% y/y to $35.9M amid rising field expenses, yet net income more than doubled to $11.7M or $0.74 diluted EPS, reconciling cleanly with 15.7M shares; YTD figures show revenue up 1.7% y/y to $209.2M and EPS at $2.07. Cash from operations stayed flat at $21.9M YTD, funding $6.0M capex and $24.1M net debt paydown to leave $1.4M cash and $134.9M revolver availability against $513.4M total debt (Senior Notes at 4.25% due 2029, Credit Facility at 6.8%). Divestitures trimmed goodwill by $4.2M but sharpened focus on core ops. Tariffs could hike merchandise costs, though.
8-K
Annual meeting results approved
Carriage Services held its 2025 Annual Meeting on May 13, electing Chad Fargason, Carlos R. Quezada, and Dr. Edmondo Robinson as Class II directors for three-year terms. Shareholders approved executive compensation on an advisory basis with 10.5 million votes for versus 545,000 against, while ratifying Grant Thornton LLP as auditors for 2025 with overwhelming support. All proposals passed decisively. This signals strong governance alignment.
10-Q
Q1 FY2025 results
Carriage Services posted solid Q1 FY2025 results, with revenue climbing 3.5% year-over-year to $107.1M, fueled by higher funeral volumes up 0.7% to 12,172 contracts and average revenue per contract rising 2.3% to $5,710, while cemetery preneed sales saw average prices jump 11.8% to $5,419 despite a 5.8% dip in units sold. Gross profit edged up 1.6% to $37.8M, but operating income surged 62.1% to $31.6M thanks to a $5.8M gain on divestitures versus a $1.5M loss last year, alongside a 25.8% drop in corporate expenses to $12.0M. Diluted EPS leaped to $1.34 from $0.45, reconciling neatly with 15,389 weighted shares and net income of $20.9M, while operating cash flow fell to $13.8M from $19.7M, yielding free cash flow of $10.6M after $3.2M capex (derived). Debt eased to $520.1M with $120.0M on the credit facility at 6.9% weighted rate, $127.8M availability, and $4.6M cash bolstering liquidity; non-GAAP metrics not disclosed in the 10-Q. Sold two funeral homes and three cemeteries for $15.8M in Q1. Yet competition in the deathcare sector remains fierce.
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