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Mar 31, 2022
Carriage Services Q1 2022 Earnings Report
Announced first quarter results, demonstrating record quarterly revenue and increased GAAP diluted EPS.
Key Takeaways
Carriage Services reported record quarterly revenue of $98.2 million, GAAP diluted EPS of $1.00, and adjusted diluted EPS of $0.92 for the first quarter ended March 31, 2022. The company invested $26 million to repurchase 490,000 shares at an average purchase price of $53.08.
Record quarterly revenue of $98.2 million was achieved.
GAAP diluted EPS was $1.00 and adjusted diluted EPS was $0.92.
The company invested $26 million to repurchase 490,000 shares.
Capital allocation is now focused on internal growth and high-quality acquisitions.
Forward Guidance
Carriage Services updated its Rolling Four Quarter Outlook for operating and financial performance through the end of the first quarter 2023, including capital allocation expectations for acquisitions under letter of intent.
Positive Outlook
- Revenue: $380 - $390 million
- Adjusted Consolidated EBITDA: $128 - $134 million
- Adjusted Consolidated EBITDA Margin: 33.5% - 34.5%
- Adjusted Diluted Earnings Per Share: $3.57 - $3.67
- Adjusted Free Cash Flow: $82 - $86 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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