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.

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Carriage Services is a leader in the U.S. death care industry, with about $350 million in annual revenues and a $730 million market capitalization.

Carriage Services: An Under-Appreciated Performer In The Death Care Industry

If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Carriage Services (CSV).

Can Carriage Services (CSV) Stock Continue to Grow Earnings?

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Carriage Services, Inc. (CSV) CEO Mel Payne on Q2 2021 Results - Earnings Call Transcript

Carriage Services (CSV) delivered earnings and revenue surprises of 28.00% and 8.60%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Carriage Services (CSV) Q2 Earnings and Revenues Top Estimates

HOUSTON, July 27, 2021 (GLOBE NEWSWIRE) --  Carriage Services, Inc. (NYSE: CSV) Mel Payne, Chairman and CEO, stated, “After our highly successful refinancing of $400 million 6.625% senior notes into a new issue of eight year $400 million 4.25% senior notes on May 13, 2021, we have continued to execute our funeral and cemetery portfolio operations and sales performance at an extraordinarily high level even as we have moved into a more normalized post COVID-19 Pandemic Crisis death rate environment during the second quarter. We are now positioned to optimize long term shareholder value creation through continued outstanding execution of our operating and strategic acquisition models and savvy, disciplined and flexible capital allocation of our recurring and increasing Free Cash Flow into high return investments over the next eight years, while simultaneously maintaining a moderate leverage profile of 4 times Debt to EBITDA Ratio or less.

Carriage Services Announces Record Second Quarter and First Half Results:

On Tuesday, July 27, Carriage Services (NYSE:CSV) will release its latest earnings report. Decipher the announcement with Benzinga's help.

Earnings Outlook For Carriage Services

HOUSTON, July 20, 2021 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced plans to release 2021 second quarter results on Tuesday, July 27, 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 Wednesday, July 28, 2021 at 9:30 a.m. central time.

Carriage Services Announces Second Quarter Earnings Release and Conference Call Schedule

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 Q2 Release

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Carriage Services (CSV) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Carriage Services (CSV) Soars to 52-Week High, Time to Cash Out?

HOUSTON, June 02, 2021 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) (“Carriage Services” or the “Company”). Mel Payne, Chairman and CEO, issued the following statement:

Carriage Services Announces Executive Team Appointments and Promotions

Is Carriage Services (CSV) a Great Growth Stock?

HOUSTON, May 13, 2021 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) (“Carriage Services” or the “Company”). Mel Payne, Chairman and CEO, issued the following statement: I have been waiting almost thirty years to write a press release like this one. Everything from this point on should be considered my personal yet educated opinion about various aspects of Carriage and “Mr. Market,” the famous allegory created by investor Benjamin Graham to describe what he believed were the irrational or contradictory traits of the stock market and the risk of following groupthink. Mr. Market was first introduced in his 1949 book, The Intelligent Investor , and its most famous practitioner is Warren Buffett. My favorite book on investing and human nature remains, “ Seeking Wisdom: From Darwin to Munger ,” written by the Swedish investor Peter Bevelin in 2005, who observed and studied the philosophy of Charlie Munger and concluded that his “simplicity and clarity of thought” was unequal to anything Bevelin had seen before.

Carriage Services Announces Closing of Senior Notes Offering and New Intrinsic Value Roughly Right Range

HOUSTON, Texas, May 13, 2021 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) (“Carriage Services” or the “Company”) today announced that it closed its private offering of $400 million aggregate principal amount of 4.25% senior notes due 2029 (the “2029 Notes”).

Carriage Services Announces Closing of Senior Notes Offering and Entry into Amended and Restated Senior Secured Revolving Credit Facility

HOUSTON, May 12, 2021 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced that it has scheduled a conference call to discuss its Senior Notes Refinancing Transaction and a new Roughly Right Range of Intrinsic Value. The call will be live via phone on Friday, May 14, 2021 at 9:30 a.m. central time.

Carriage Services Announces Call to Discuss Senior Notes Refinancing and New Intrinsic Value Roughly Right Range

Carriage Services (CSV) Hits 52-Week High, Can the Run Continue?

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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

News for Carriage Services Stock (CSV)