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Carriage Services reports Q1 adjusted EPS 92c, consensus 51c
The Fly

Carriage Services reports Q1 adjusted EPS 92c, consensus 51c

Reports Q1 revenue $98.16M, consensus $91.13M. Mel Payne, chairman and CEO, stated, "As we concluded the first quarter of the year, I am very excited with where we are at Carriage, especially with the recent strategic acquisition of Greenlawn Funeral Homes and Cemeteries. Moreover, our capital allocation efforts on paying down debt through the execution of our High Performance and Credit Profile Restoration Plan ("HPCPRP"), successful integration of recent acquisitions, increased momentum within our High Performance sales organization, and the addition of Kian to our senior executive team as the final member of our Strategic Vision and Principles Group, brings tremendous excitement about the High Performance Possibilities to come this year and beyond. As communicated previously, we had indicated that the first quarter of this year, compared to the same period the prior year, would generally be challenged by the all-time high financial performance driven by the impact of the COVID-19 pandemic in the first quarter of last year. However, we ended the quarter above our internal expectations. With all the critical strategic pieces in place, we believe we are poised to deliver long-term value and High Performance, and we are confident that we will meet or exceed our previously disclosed full-year 2023 outlook, and 2024 HPCPRP performance metrics," concluded Payne.

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