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EarningsQ1 2026 Earnings Report
CSV Q1 2026 EPS Results
Actual EPS$0.86
Consensus EPS$0.88
Beat/MissMissed by -$0.02
One Year Ago EPS$1.34
CSV Q1 2026 Revenue Results
Actual Revenue$105.69M
Expected Revenue$111.39M
Beat/MissMissed by -$5.70M
YoY Revenue Growth-1.90%
Earnings Announcement Details
QuarterQ1 2026
Date05/06/2026
TimeAfter Close
Conference CallWednesday, May 6, 2026
CSV Upcoming Earnings
Carriage Services's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q1 2026 Earnings Call Audio
CSV Q1 2026 Earnings Call
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Q1 2026 Earnings Slide Deck
Q1 2026 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