Carriage Services raises FY24 adjusted EPS view to $2.30-$2.40 from $2.20-$2.30

Consensus $2.27. Raises FY24 revenue view to $390M-$400M from $380M-$390M, consensus $386.1M. Raises FY24 adjusted EBITDA view to $117M-$123M from $112M-$118M. “Finally, while our GAAP diluted EPS was lower than the prior-year quarter due to one-time items related to the final fees associated with our previously concluded review of strategic alternatives, we are excited to see that our adjusted diluted EPS increased by 18.9% to $0.63, compared to $0.53 during the same period in 2023. Due to this strong performance, and our expectations for the remainder of the year, we are increasing our guidance for 2024. As we continue to execute our five-year strategic objectives, we expect these trends to remain consistent for the remainder of the year with small declines in funeral volume and historical seasonality back in play. Our second quarter results further support our team’s excitement for the future of Carriage,” concluded Quezada.