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Mar 31, 2024
Carriage Services Q1 2024 Earnings Report
Reported a solid performance driven by preneed cemetery sales growth and effective cost management.
Key Takeaways
Carriage Services reported an 8.4% increase in total revenue, driven by a 38.4% increase in cemetery preneed sales. The company also saw improvements in adjusted consolidated EBITDA and margin due to cost management initiatives.
Total revenue increased by 8.4% year-over-year, driven by a 38.4% increase in cemetery preneed sales.
GAAP diluted EPS was $0.45, while adjusted diluted EPS was $0.75, compared to $0.57 and $0.56 in the prior-year quarter, respectively.
The company completed the divestiture of previously announced non-core assets.
Carriage Services paid down $25.0 million of debt on its credit facility during the first quarter.
Revenue by Segment
Forward Guidance
The company reaffirms its full-year 2024 outlook.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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