earnings
confidence high
sentiment negative
materiality 0.75
Carriage Services Q3 revenue $87.5M, adjusted EPS $0.45; acquisitions & leadership changes
CARRIAGE SERVICES INC
- Q3 total revenue $87.5M, down 7.9% YoY; GAAP diluted EPS $0.38, down 46.5%.
- Adjusted diluted EPS $0.45, down 45.1%; Adjusted Consolidated EBITDA $22.9M, down 29.4%.
- Funeral same-store contracts fell 12.8%, revenue down 10.6%, EBITDA margin down 820 bps.
- Acquired Heritage Funeral Homes and Forest Lawn East Cemetery in Charlotte, NC.
- Robbie Pape named SVP of Operations and Eastern Regional Partner; no FY outlook update.