Revenue Growth
Carriage Services reported total revenue of $107.1 million for Q1 2025, an increase of $3.6 million or 3.5% compared to the same quarter last year.
Funeral Operating Revenue Increase
Total funeral operating revenue was $69.1 million, an increase of $3 million or 4.6% over the same period last year.
Cemetery Revenue Growth
Total cemetery revenue for the quarter was $27.9 million, an increase of $1.5 million or 5.8%.
Preneed Insurance Contracts Growth
The quarter ended with 2,541 net preneed insurance contracts, an increase of 332 contracts or 15% compared to the same quarter last year.
Adjusted Diluted EPS Increase
Adjusted diluted EPS for Q1 2025 was $0.96 per share, an increase of $0.21 or 28% compared to the prior year quarter.
Net Income Surge
GAAP net income was $20.9 million, an increase of $13.9 million or 200.1%.
Leverage Ratio Improvement
The company reduced its leverage ratio to 4.2x from 5x at the end of Q1 2024.