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Jun 30, 2022
Carriage Services Q2 2022 Earnings Report
Reported a revenue increase of 2.6% and GAAP Diluted EPS increase of 309.1%.
Key Takeaways
Carriage Services reported a record second quarter revenue of $90.6 million, a 2.6% increase year-over-year. GAAP Diluted EPS increased by 309.1% to $0.69, while Adjusted Diluted EPS decreased by 9.4% to $0.58. The company invested $176.7 million to repurchase 3.6 million shares since the bond refinancing on May 13, 2021.
Total Revenue increased by 2.6% to $90.6 million.
GAAP Diluted EPS increased by 309.1% to $0.69.
Adjusted Diluted EPS decreased by 9.4% to $0.58.
Invested $176.7 million to repurchase 3.6 million shares since bond refinancing.
Forward Guidance
Carriage Services provided a Rolling Four Quarter Outlook, including estimates for two acquisitions planned to close within the next ninety days and the impact of strategic investments in the Overhead Support platform.
Positive Outlook
- Revenue: $380 - $390 million
- Adjusted Consolidated EBITDA: $115 - $119 million
- Adjusted Consolidated EBITDA Margin: 30% - 31%
- Adjusted Diluted Earnings Per Share: $2.85 - $3.00
- Adjusted Free Cash Flow: $68 - $72 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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