Carriage Services (CSV)
NYSE:CSV
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Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.81Last Year’s EPS
0.74Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a mix of operational and financial progress alongside near-term volume headwinds in the funeral channel. Positive developments include improved adjusted EBITDA and margin expansion, cemetery revenue and preneed growth, stronger operating cash flow, reduced leverage, disciplined overhead control, a strategic ATM program and a robust M&A pipeline with recent successful integrations. Lowlights center on weaker funeral volumes leading to a slight revenue decline, a drop in adjusted and GAAP EPS (partly driven by a higher tax rate and prior-year divestiture gains), a reduction in funeral EBITDA, and adjusted free cash flow being lower versus the prior year. Management reiterated full-year guidance and emphasized disciplined capital allocation and confidence in recovery across the remainder of the year, indicating balanced near-term risks but constructive long-term positioning.Company Guidance
Improved Adjusted EBITDA and Margin
Adjusted consolidated EBITDA of $33.8M, up $0.805M or 2.4% year-over-year; adjusted EBITDA margin improved 100 basis points to 31.8% from 30.8%.
Cemetery Revenue and Preneed Strength
Comparable cemetery revenue of $29.6M, up $1.7M or 6% YoY, driven by a 9% increase in comparable preneed cemetery sales production and a 15.3% increase in average revenue per property contract.
Financial Revenue Growth from Preneed Funeral Sales
Financial revenue of $8.5M, up 15.7% YoY, reflecting strong preneed funeral sales and associated commission income.
Preneed Funeral Insurance Sales Increase
Consolidated preneed funeral insurance contracts sold increased 8% YoY, indicating scalability and execution strength in the preneed platform.
Operating Cash Flow and Free Cash Flow Improvements
Cash from operating activities increased $1.1M (+8% YoY); free cash flow increased $400k (+3.5% YoY).
Balance Sheet and Leverage Progress
Bank leverage ratio decreased to 4.0x from 4.2x a year ago and remains within the long-term target range (3.5x to 4.0x), reflecting improved balance sheet strength and liquidity.
Cost and Overhead Discipline
Overhead declined to $14.8M (14.0% of revenue) versus $15.3M (14.3% of revenue) a year ago, demonstrating effective cost management and variable expense control.
Strategic Capital Tools and M&A Momentum
Established an at-the-market (ATM) equity offering program to provide flexible funding for disciplined acquisitions; management reports a robust M&A pipeline with recent integrations (Osceola, Faith Chapel) fully integrated and an acquisition expected to close soon, with plans to exceed the $5M–$10M revenue assumption over the next several quarters.
Long-Term Operational Improvements and Technology Rollout
Company reports institutionalized processes, investments in systems and data infrastructure, Trinity rollout planned across funeral homes in 2026 and combos/cemeteries in early 2027, and 2025 was the strongest financial year in company history.
Cemetery Preneed Multi-Year Growth Trend
Preneed cemetery sales show long-term strength with a reported CAGR of 22.4% from Q1 2019 to Q1 2026.
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
CSV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $46.57 | $44.60 | -4.23% |
Feb 25, 2026 | $43.98 | $45.09 | +2.52% |
Nov 05, 2025 | $43.38 | $41.60 | -4.08% |
Aug 06, 2025 | $45.87 | $47.59 | +3.77% |
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.
FAQ
When does Carriage Services (CSV) report earnings?
Carriage Services (CSV) is schdueled to report earning on Jul 29, 2026, After Close (Confirmed).
What is Carriage Services (CSV) earnings time?
Carriage Services (CSV) earnings time is at Jul 29, 2026, After Close (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 2026 (Q2) is 0.81.