Earnings ·
Reports Q3 GAAP EPS of $0.56, cuts full-year adjusted EPS guidance to $2.90-$3.05
CSVCarriage Services Inc
Carriage Services reported third-quarter GAAP net income of $8.9 million, or diluted earnings per share of $0.56, compared with $0.41 in the prior year period. Adjusted diluted EPS was $0.59 versus $0.75 previously. The company revised its full-year 2026 adjusted diluted EPS guidance down to a range of $2.90-$3.05 from $3.35-$3.55, citing lower-than-anticipated mortality rates and weaker cemetery preneed performance. Total revenue for the quarter decreased 2.4% to $100.3 million. The firm also announced it closed on a new $300 million credit facility, increasing committed borrowing capacity by $50 million, and has strategic acquisitions under contract representing more than $14 million in annual revenue expected to close later this year or early 2027. Carriage Services is a leading provider of funeral and cemetery services and merchandise in the United States.