Carriage Services ( (CSV) ) has issued an update.
Carriage Services, Inc. reported a remarkable third quarter in 2024, achieving an 11.3% increase in revenue driven by significant growth in cemetery preneed sales and funeral revenue per contract. The company’s net income surged by 112.4%, with GAAP diluted EPS doubling from the previous year. Carriage paid down $15 million in debt, improving its leverage ratio. With strong performance, the company raised its full-year revenue guidance to $395-$405 million and appointed Edmondo Robinson as an independent director to bolster growth strategies.
See more insights into CSV stock on TipRanks’ Stock Analysis page.
