Recent Updates — CSV
On October 4, 2026, Carriage Services terminated its Equity Distribution Agreement dated May 6, 2026, with sales agents Oppenheimer & Co. and Raymond James. The agreement had authorized the company to sell up to $100 million of common stock in at-the-market offerings. No shares were sold under this program prior to termination, and the company is not subject to any termination penalties. Carriage Services operates funeral homes and cemeteries.
On September 30, 2026, Carriage Services entered into a new $300 million senior secured revolving credit facility with JPMorgan Chase Bank as Administrative Agent, replacing its previous $250 million facility. The new five-year facility includes a $100 million accordion option and bears interest at Term SOFR plus 1.25% to 2.00% or an alternate base rate plus 0.25% to 1.00%, depending on the company's leverage ratio. Proceeds were used to repay all outstanding obligations under the existing credit agreement, which was terminated. Concurrently, the company announced a capital allocation framework prioritizing long-term value creation and terminated its $100 million at-the-market equity offering program effective October 4, 2026. The firm operates funeral homes and cemeteries in the United States.
Rob Franch resigned as Chief Information Officer of Carriage Services, Inc., effective August 13, 2026. The departure is not due to disagreements regarding operations or financial controls. Under a separation agreement, Franch will receive twelve months of continued salary payments, a pro-rated portion of his 2026 annual target bonus based on company performance, and an option for up to eighteen months of COBRA health coverage. He will also provide consulting assistance until December 31, 2026. The Company has initiated a search for a successor to support its strategic growth objectives. Carriage Services, Inc. operates in the funeral services industry.
Carriage Services, Inc. reported second quarter 2026 financial results with total revenue of $102.9 million, a 0.8% increase year-over-year. GAAP diluted EPS rose to $0.77 from $0.74 in the prior year period, while adjusted diluted EPS reached $0.78. The company completed the strategic acquisition of one funeral home and maintained its leverage ratio at 4.0x. Despite a 3.5% decline in at-need funeral volume due to lower mortality trends, consolidated cemetery preneed sales production increased 5.0% and average price per interment right grew 17.3%. Financial revenue grew 14.0%, contributing to an adjusted consolidated EBITDA of $32.3 million, up 3.1%. The company confirmed its full-year 2026 adjusted diluted EPS guidance midpoint at $3.35-$3.55 and lowered total revenue guidance to $435-$445 million from the previous range of $440-$450 million. Carriage Services operates in the funeral and cemetery services industry, providing funeral homes, cemeteries, and related merchandise across the United States.