earnings
confidence high
sentiment neutral
materiality 0.70
Carriage Services Q2 revenue record $90.6M (+2.6%); GAAP EPS $0.69; pivots to acquisitions, drops guidance
CARRIAGE SERVICES INC
- Q2 revenue $90.6M (record, +2.6% YoY); GAAP net income $10.9M (+276.7%); GAAP diluted EPS $0.69 vs $0.32.
- Adjusted consolidated EBITDA $25.3M (-11.8% YoY); Field EBITDA $38.6M (-3.4%); Field EBITDA margin 42.6% (-270 bps).
- First-half revenue $188.8M (+2.1%); Adjusted diluted EPS $1.51 (+4.1%); GAAP diluted EPS $1.70 (+359.5%).
- Capital allocation pivots to two large-market acquisitions, cemetery development, deleveraging; $176.7M spent on buybacks since May 2021.
- No longer updating three-year performance scenario or intrinsic value range due to economic uncertainties.