earnings
confidence high
sentiment positive
materiality 0.85
Carriage Services reports record Q3 revenue $95.0M, adj. EPS $0.82, raises share buyback by $75M, increases dividend
CARRIAGE SERVICES INC
- Q3 revenue $95.0M (+12.6% YoY); adj. diluted EPS $0.82 (+60.8% YoY); GAAP diluted EPS $0.71.
- Same-store funeral contracts +12.9%; same-store funeral EBITDA margin 45.0% (+340 bps).
- Board authorized additional $75M share repurchase, total authorization $85M; repurchased 1.2M shares at avg $44.24 since Q2.
- Quarterly dividend increased to $0.1125 per share, payable Dec 1, 2021 to holders of record Nov 9.
- Intrinsic value range raised by $10 to $65-$75 per share; leverage at 3.98x.