earnings
confidence high
sentiment neutral
materiality 0.70
Carriage Services Q1 revenue $98.2M, GAAP EPS $1.00, adjusted EPS $0.92; record quarter
CARRIAGE SERVICES INC
- Revenue $98.2M (+1.6% YoY); GAAP diluted EPS $1.00 (+40.8%); adjusted diluted EPS $0.92 (+13.6%).
- Adjusted EBITDA $32.5M (-6.3% YoY); margin 33.1% (-280 bps).
- Same-store funeral contracts +3.3%, revenue +4.5%; cemetery revenue declined.
- Repurchased 3.4M shares (19% of outstanding) at avg $49.60 since May 2021.
- Management maintains intrinsic value range $70-$80 per share; focus on acquisitions and internal growth.