CARRIAGE SERVICES (CSV) Company Report

Carriage Services reported Q4 2025 total revenue of $105.5 million, an 8% increase year-over-year, and adjusted diluted EPS of $0.75, up 21%. For the full year 2025, total revenue was $417.4 million with adjusted diluted EPS of $3.20.
The company's bank leverage ratio decreased to 4 times at the close of Q4 2025, aligning with its long-term target range of 3.5-4 times.
For 2026, Carriage Services forecasts revenues between $440 million and $450 million, adjusted consolidated EBITDA of $135 million-$140 million, and adjusted diluted EPS of $3.35-$3.55.
The 2026 guidance includes an estimated $5 million-$10 million impact from potential acquisitions.

2 days ago

Transcript

Carriage Services Reports Strong Q4 and Full Year 2025 Results, Provides 2026 Guidance

CSV

Earnings

Guidance Update

M&A

For Q4 2025, Carriage Services reported total revenue of $105.5 million, an 8% increase compared to the same period last year, with adjusted consolidated EBITDA reaching $32.5 million, up 11%, and adjusted diluted EPS at $0.75, an increase of 21%.
Full year 2025 results included total revenue of $417.4 million, a 3.3% growth from 2024, and adjusted diluted EPS of $3.20, up 20.8% compared to the prior year.
The company strengthened its balance sheet, with the bank leverage ratio decreasing to 4x by the end of Q4 2025, meeting its long-term target of 3.5-4x, and is now firmly in a "compounding phase" with a renewed focus on growth and high-quality acquisitions.
Carriage Services provided 2026 guidance, projecting revenue growth of 5-8%, adjusted EBITDA growth of 3-7%, and adjusted EPS growth of 5-11%, which includes the full year benefits from 2025 acquisitions and the expectation of new acquisitions in 2026.

2 days ago

Transcript

Carriage Services Reports Strong Q4 and Full-Year 2025 Results, Provides Optimistic 2026 Guidance

CSV

Earnings

Guidance Update

M&A

Carriage Services reported Q4 2025 total revenue of $105.5 million, an 8% increase year-over-year, and adjusted diluted EPS of $0.75, up 21%. For the full year 2025, total revenue was $417.4 million and adjusted diluted EPS was $3.20.
The company achieved an adjusted consolidated EBITDA margin of 30.8% in Q4 2025 and 31.3% for the full year, reflecting margin expansion from supply chain initiatives and strategic pricing.
For 2026, Carriage Services forecasts revenues of $440 million-$450 million, adjusted consolidated EBITDA of $135 million-$140 million, and adjusted diluted EPS of $3.35-$3.55.
The 2026 revenue guidance incorporates $16 million from 2025 acquisitions and an anticipated $5 million-$10 million from potential new acquisitions in 2026.
Carriage Services strengthened its balance sheet, with the bank leverage ratio decreasing to 4 times by the end of Q4 2025, aligning with its long-term target.

2 days ago

Transcript

Carriage Services Announces Strong Q4 and Full Year 2025 Results and Issues 2026 Guidance

CSV

Earnings

Guidance Update

M&A

Carriage Services reported strong financial results for Q4 and the full year ended December 31, 2025, with GAAP diluted EPS increasing 24.2% to $0.77 for Q4 2025 and 54.8% to $3.25 for the full year 2025.
Total revenue for Q4 2025 grew 8.0% to $105.5 million, and for the full year 2025, it increased 3.3% to $417.4 million.
The company provided 2026 guidance, projecting total revenue between $440 million and $450 million, adjusted consolidated EBITDA of $135 million to $140 million, and adjusted diluted EPS of $3.35 to $3.55.
Strategic actions in 2025 included the acquisition of two businesses that generated over $15 million in revenue in 2024 and the divestiture of non-core assets, contributing to a year-end leverage ratio of 4.0x.

3 days ago

8-K

Carriage Services Announces Fourth Quarter and Full Year 2025 Results and Provides 2026 Guidance

CSV

Earnings

Guidance Update

M&A

Carriage Services reported Q4 2025 GAAP diluted EPS of $0.77, a 24.2% increase over the prior year quarter, and total revenue of $105.5 million, up 8.0%. For the full year 2025, GAAP diluted EPS was $3.25, a 54.8% increase, on total revenue of $417.4 million, up 3.3%.
The company issued 2026 guidance, projecting total revenue between $440 million and $450 million, adjusted consolidated EBITDA of $135 million to $140 million, and adjusted diluted EPS of $3.35 to $3.55.
Strategic initiatives in 2025 included the acquisition of two businesses that generated over $15 million in revenue in 2024 and the divestiture of non-core assets, which contributed to a reduced leverage ratio of 4.0x.

3 days ago

Press Release

Carriage Services Reports Strong Q3 2025 Results with Revenue and EPS Growth

CSV

Earnings

Guidance Update

M&A

Carriage Services reported Q3 2025 total operating revenue of $101.3 million, an increase of 5.2% over the same period last year, primarily driven by a 21.4% year-over-year increase in pre-need cemetery sales and 61% growth in general agency commission revenue.
Adjusted diluted earnings per share (EPS) rose 17.2% to $0.75 in Q3 2025, with adjusted consolidated EBITDA growing 7.3% to $33 million and the EBITDA margin expanding to 32.1%.
The company's leverage ratio improved to 4.1 times this quarter from 4.2 times last quarter, and it reduced debt by approximately $5.1 million compared to last year's third quarter.
Carriage Services divested non-core assets in Q3 2025, generating over $19 million in proceeds from businesses that represented approximately $2.4 million in EBITDA and $9 million in revenue.
For full-year 2025, the company reaffirmed its guidance midpoint, anticipating revenues in the range of $413-$417 million, adjusted consolidated EBITDA between $130-$132 million, and adjusted diluted EPS of $3.25-$3.30.

Nov 6, 2025, 2:00 PM

Transcript

CSV Reports 2024 Financial Results

CSV

Earnings

Revenue Acceleration/Inflection

CSV reported total revenue of $404,198 thousand for 2024, an increase from $382,520 thousand in 2023.
The company's Adjusted consolidated EBITDA for 2024 was $126,245 thousand, up from $113,182 thousand in 2023.
Adjusted diluted earnings per share for 2024 reached $2.65, compared to $2.19 in 2023.
The Adjusted consolidated EBITDA margin for 2024 was 31.2%, an increase from 29.6% in 2023.

Nov 6, 2025, 2:00 PM

Presentation

Carriage Services Announces Strong Q3 2025 Results and Confirms 2025 Outlook Midpoint

CSV

Earnings

Guidance Update

M&A

Carriage Services reported adjusted diluted EPS of $0.75 for Q3 2025, marking a 17.2% increase over the prior year quarter, and confirmed the midpoint of its 2025 outlook.
Total revenue for Q3 2025 grew 2.0% to $102.7 million, driven by a 5.2% increase in operating revenue.
Operating revenue growth was primarily fueled by 21.4% growth in cemetery preneed sales and a 27.2% increase in financial revenue.
The company executed strategic portfolio adjustments, divesting seven funeral homes and one cemetery and acquiring two businesses that generated over $15 million in revenue last year, which contributed to reducing its leverage ratio to 4.1x.
GAAP diluted EPS for Q3 2025 was $0.41, compared to $0.63 in the prior year quarter.

Nov 5, 2025, 10:22 PM

8-K

Carriage Services Announces Third Quarter 2025 Results and Updates 2025 Outlook

CSV

Earnings

Guidance Update

M&A

Carriage Services reported total revenue of $102.7 million for the third quarter ended September 30, 2025, a 2.0% increase over the prior year quarter, with adjusted diluted EPS growing 17.2% to $0.75.
The company's performance was driven by a 5.2% growth in operating revenue, primarily from a 21.4% growth in cemetery preneed sales and a 27.2% increase in financial revenue.
Strategic initiatives included the divestiture of seven funeral homes and one cemetery and the acquisition of two businesses that generated over $15 million in revenue last year, which helped reduce the leverage ratio to 4.1x.
The company revised its 2025 outlook, projecting total revenue between $413 million and $417 million and adjusted diluted EPS between $3.25 and $3.30.