Carriage Services ( (CSV) ) has released its Q2 earnings. Here is a breakdown of the information Carriage Services presented to its investors.
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Carriage Services, Inc. is a prominent provider of funeral and cemetery services in the United States, operating numerous funeral homes and cemeteries across several states, known for its commitment to high-quality service and innovation. In its latest earnings report, Carriage Services announced a significant increase in GAAP net income by 85.7% to $5.5 million and a rise in diluted EPS to $0.74, reflecting a strong performance compared to the previous year. The company also reported a slight increase in total funeral consolidated revenue by 2.6% and highlighted strategic acquisitions expected to generate over $15 million in revenue. Key financial metrics include a reduction in the leverage ratio to 4.2x and a decrease in general, administrative, and interest expenses, contributing to a robust net income growth. The company is optimistic about its future, raising its full-year 2025 outlook, anticipating continued growth through strategic acquisitions and improved operational efficiencies.