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Carriage Services (CSV)
NYSE:CSV
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.84Last Year’s EPS
0.75Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -3.50%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a strong financial performance for the full year, with significant growth in cemetery revenue and adjusted EBITDA, as well as a notable reduction in debt. However, the fourth quarter faced challenges with a decrease in total revenue and EBITDA, primarily due to lower funeral volumes and increased overhead costs. Despite these challenges, the company remains optimistic about its strategic initiatives and future growth.Company Guidance
During the Carriage Services Fourth Quarter 2024 Earnings Conference Call, the company provided guidance for 2025, projecting revenues in the range of $400 million to $410 million, representing a modest organic growth in the low single digits when excluding divestitures. They anticipate an adjusted consolidated EBITDA of $128 million to $133 million, with adjusted diluted EPS expected to range between $3.10 and $3.30, driven by lower interest rates and a reduced effective tax rate. The company aims to maintain a leverage ratio between 3.7x and 3.8x by the end of 2025. Additionally, Carriage Services has planned divestitures expected to generate approximately $25 million in proceeds, which will be used to reduce debt and potentially fund acquisitions. Capital expenditures for 2025 are forecasted between $19 million and $21 million, with an emphasis on growth opportunities, particularly in cemetery operations.Cemetery Operating Revenue Increase
Cemetery operating revenue for the fourth quarter was $29.8 million, an increase of $3.1 million or 11.6% compared to the previous year, driven by an 8.4% increase in preneed interments sold and a 9.2% increase per preneed cemetery contract.
Full Year Total Revenue Growth
Total revenue for the full year finished at $404.2 million, an increase of $21.7 million or 5.7%, primarily driven by a 22.9% increase in preneed interment rights sold and a 7.3% increase in the average price per preneed interment rights sold.
Adjusted Consolidated EBITDA Growth
For the full year, adjusted consolidated EBITDA finished at $126.2 million, an increase of $13 million or 11.5%. Adjusted consolidated EBITDA margin for the full year increased by 160 basis points to 31.2%.
Debt Reduction
Carriage Services paid down its credit facility by $42.1 million, reducing the leverage ratio from 5.1x to 4.3x by the end of 2024.
EPS Increase
Adjusted diluted EPS for the full year was $2.65 per share, an increase of $0.46 per share or 21% from the previous year.
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CSV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CSV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $41.17 | $39.68 | -3.62% |
| Oct 30, 2024 | $32.47 | $37.17 | +14.47% |
| Jul 31, 2024 | $31.76 | $32.09 | +1.04% |
| May 01, 2024 | $25.46 | $25.30 | -0.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Carriage Services (CSV) report earnings?
Carriage Services (CSV) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Carriage Services (CSV) earnings time?
Carriage Services (CSV) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CSV EPS forecast?
CSV EPS forecast for the fiscal quarter 2025 (Q1) is 0.84.
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