Carriage Services, Inc. (N:CSV)

Sector:  Consumer Non-Cyclicals Industry:  Personal Services
See Regulatory Filings on SEC
Company Contact
Address: 3040 Post Oak Blvd Ste 300
HOUSTON TX 77056-6513
Tel: N/A
IR: See website
Key People
Melvin C. Payne
Chairman of the Board, Chief Executive Officer
Viki K. Blinderman
Senior Vice President, Principal Financial Officer, Chief Accounting Officer and Secretary
Carl Benjamin Brink
Chief Financial Officer, Senior Vice President, Treasurer
Paul D. Elliott
Senior Vice President and Regional Partner
Shawn R. Phillips
Senior Vice President, Head of Strategic and Corporate Development
Business Overview
Carriage Services, Inc. is a provider of death care services and merchandise in the United States. The Company operates in two business segments: Funeral Home Operations and Cemetery Operations. The Funeral Homes segment provides funeral services (traditional burial and cremation) and sells related merchandise, such as caskets and urns. Its cemetery products and services include interment services, the rights to interment in cemetery sites and related cemetery merchandise, such as memorials and vaults. It serves suburban and rural markets. It provides funeral and cemetery services and products on both at-need (time of death) and preneed (planned prior to death) basis. It also maintains trusts in connection with funeral home and cemetery operations, including preneed funeral trusts, preneed cemetery merchandise and service trusts and cemetery perpetual care trusts. The Company operates approximately 183 funeral homes in 29 states and 29 cemeteries in 11 states.
Financial Overview
For the six months ended 30 June 2019, Carriage Services, Inc. revenues decreased less than 1% to $136.8M. Net income applicable to common stockholders decreased 6% to $11.3M. Revenues reflect Funeral segment increase of 1% to $108.7M, also reflect Cemetery segment decrease of 6% to $28.2M. Dividend per share remained flat at $0.15. Basic Earnings per Share excluding Extraordinary Items decreased from $0.69 to $0.63.
Employees: 1,069 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $745.23M as of Jun 30, 2019
Annual revenue (TTM): $267.59M as of Jun 30, 2019
EBITDA (TTM): $63.79M as of Jun 30, 2019
Net annual income (TTM): $10.42M as of Jun 30, 2019
Free cash flow (TTM): $16.85M as of Jun 30, 2019
Net Debt Last Fiscal Year: $362.81M as of Jun 30, 2019
Shares outstanding: 17,812,238 as of Jul 26, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization