Loading...
•
Jun 30, 2020
Carriage Services Q2 2020 Earnings Report
Announced record revenue, adjusted consolidated EBITDA, adjusted EPS, and free cash flow, and raised its four-quarter outlook.
Key Takeaways
Carriage Services reported record second-quarter results, driven by transformative high performance amidst the Coronavirus Pandemic. Total revenue reached $77.5 million, a 14.4% increase, and adjusted diluted EPS was $0.45, a 45.2% increase. The company also raised its four-quarter outlook.
Record Total Revenue of $77.5 million, an increase of 14.4%.
Record Adjusted Consolidated EBITDA of $25.4 million, an increase of 32.0%.
Record Adjusted Diluted EPS of $0.45, an increase of 45.2%.
Record Adjusted Free Cash Flow of $17.9 million, an increase of 90.1%.
Forward Guidance
Carriage Services raised its Rolling Four Quarter Outlook, projecting revenue between $312 million and $320 million and Adjusted Consolidated EBITDA between $95 million and $100 million.
Positive Outlook
- Total Revenue of $312 million - $320 million
- Adjusted Consolidated EBITDA of $95 million - $100 million
- Adjusted Consolidated EBITDA Margin of 30% - 31%
- Adjusted Diluted EPS of $1.65 - $1.75
- Adjusted Free Cash Flow of $50 million - $54 million
Challenges Ahead
- Total Debt to EBITDA Multiple of 4.5 - 4.7
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...