Carriage Services ( (CSV) ) has released its Q1 earnings. Here is a breakdown of the information Carriage Services presented to its investors.
Carriage Services, Inc. is a leading provider of funeral and cemetery services, operating in the death care industry with a focus on delivering personalized and high-quality services to families across the United States.
In the first quarter of 2025, Carriage Services reported significant financial growth, highlighted by a remarkable increase in net income and earnings per share compared to the previous year. The company also achieved a notable rise in total revenue, driven by higher average prices and increased sales in its funeral and cemetery segments.
Key financial metrics for the quarter include a 200.1% increase in GAAP net income, reaching $20.9 million, and a 197.8% rise in GAAP diluted earnings per share to $1.34. The company’s total revenue grew by 3.5% to $107.1 million, supported by an 11.8% increase in the average price per preneed interment right sold and a 7.4% boost in total consolidated preneed sales. Additionally, Carriage Services successfully reduced its leverage ratio by paying down $17.0 million of debt.
Looking ahead, Carriage Services remains focused on organic growth initiatives, cost discipline, and further deleveraging its balance sheet. The company plans to continue divesting non-core assets, which is expected to impact its revenue and EBITDA in 2025. Management is optimistic about building a premier experience company through strategic investments and partnerships, aiming to deliver value to shareholders.