NYSE$CSV
Carriage Services Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Reported record first quarter results with revenue and earnings growth.
Carriage Services reported a record first quarter, with Total Revenue increasing by 24.7% to $96.6 million, Field EBITDA increasing by 52.1% to $45.8 million, and Adjusted Diluted EPS increasing by 131.4% to $0.81.
- Total Revenue increased by 24.7% to $96.6 million.
- Field EBITDA increased by 52.1% to $45.8 million.
- Adjusted Diluted EPS increased by 131.4% to $0.81.
- Adjusted Free Cash Flow increased by 115.3% to $27.1 million.
Headline financials
Revenue & EPS history
Carriage Services · Revenue · Quarterly
$96.6M
Revenue by segment
Carriage Services · $88.4M total across 2 segments · Q1 2021
- Funeral Operating$66.8M+18.1%75.6%
- Cemetery Operating$21.6M+57.2%24.4%
Forward guidance
Carriage Services increased its Roughly Right Scenario for 2021 and 2022, reflecting continued High Performance execution and expectations for accelerated High Performance in the coming years.
Tailwinds
- Increased Cemetery Preneed Sales leading to higher Cemetery Revenue growth rates with higher sustained Cemetery Field EBITDA Margins.
- Continuation of local market share gains across our funeral home portfolio.
- Growth in Average Revenue per Funeral Contract, particularly Cremation contracts.
- Sustained higher plateau of Financial Revenue and Financial EBITDA.
- Higher Returns on Invested Capital from continued disciplined capital allocation combined with a lower Cost of Capital.
Headwinds
- The relative unknown trajectory of the Coronavirus Pandemic.
- The impact of the current vaccination campaign on the death rate in the short term.
- Potential senior note refinancing transaction.
- Uncertainty around maintaining current performance levels.
- Potential impact of non-recurring items on overhead.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+0.4%
Avg return
Earnings day
-0.4%
Avg return
5 days after
+0.9%
Avg return
30 days after
46%
30 / 65 earnings
Positive
+25.8%
Q1 2020
Best reaction
-25.6%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.5% | -7.7% | -19.4% | |
| Q4 2025 | +2.3% | +3.4% | +1.2% | |
| Q3 2025 | +2.2% | -2.9% | -2.0% | |
| Q1 2025 | -0.6% | +1.2% | +8.9% | |
| Q4 2024 | -3.6% | -5.8% | -5.7% | |
| Q3 2024 | +14.7% | +15.2% | +24.4% | |
| Q2 2024 | +1.3% | -8.9% | +3.7% | |
| Q1 2024 | +0.3% | +0.6% | +5.1% | |
| Q4 2023 | +1.6% | +0.3% | +4.6% | |
| Q3 2023 | -8.4% | -12.8% | +7.7% | |
| Q2 2023 | -2.9% | -3.8% | -4.4% | |
| Q1 2023 | -7.7% | -6.6% | -7.5% | |
| Q4 2022 | +8.5% | +4.1% | -5.6% | |
| Q3 2022 | -25.6% | -22.4% | -23.1% | |
| Q2 2022 | -15.6% | -13.7% | -14.1% | |
| Q1 2022 | -7.4% | -13.1% | -16.6% | |
| Q4 2021 | -1.0% | -0.6% | +10.9% | |
| Q3 2021 | +13.2% | +14.4% | +19.3% | |
| Q2 2021 | -0.8% | +1.8% | +22.6% | |
| Q1 2021 | +4.7% | +4.9% | +6.3% | |
| Q4 2020 | -2.7% | -1.7% | +4.3% | |
| Q3 2020 | +6.1% | +7.4% | +19.8% | |
| Q2 2020 | +20.0% | +13.9% | +16.0% | |
| Q1 2020 | +25.8% | +20.7% | +25.1% | |
| Q4 2019 | -9.1% | -15.9% | -36.7% | |
| Q3 2019 | +20.7% | +19.5% | +8.0% | |
| Q2 2019 | +14.8% | +15.6% | +9.3% | |
| Q1 2019 | +1.3% | +6.0% | +3.8% | |
| Q4 2018 | +3.3% | +6.2% | -5.5% | |
| Q3 2018 | -20.7% | -16.6% | -9.7% | |
| Q2 2018 | -0.7% | -2.5% | -4.8% | |
| Q1 2018 | -2.3% | -4.9% | -11.4% | |
| Q4 2017 | +2.9% | +8.3% | +11.3% | |
| Q3 2017 | +5.7% | +3.7% | +1.0% | |
| Q2 2017 | -9.6% | -9.0% | -9.0% | |
| Q1 2017 | -5.0% | -4.4% | -8.3% | |
| Q4 2016 | -2.5% | -3.6% | -1.6% | |
| Q3 2016 | -0.5% | -3.0% | +11.2% | |
| Q2 2016 | -1.3% | -1.5% | -3.7% | |
| Q1 2016 | +4.1% | — | — | |
| Q4 2015 | +2.7% | — | — | |
| Q3 2015 | +1.8% | — | — | |
| Q2 2015 | -3.3% | — | — | |
| Q1 2015 | +2.8% | — | — | |
| Q4 2014 | +0.8% | — | — | |
| Q3 2014 | +1.4% | — | — | |
| Q2 2014 | +11.5% | — | — | |
| Q1 2014 | -2.3% | — | — | |
| Q4 2013 | -4.2% | — | — | |
| Q3 2013 | -2.3% | — | — | |
| Q2 2013 | -0.1% | — | — | |
| Q1 2013 | -0.4% | — | — | |
| Q4 2012 | +4.0% | — | — | |
| Q3 2012 | +2.1% | — | — | |
| Q2 2012 | +0.5% | — | — | |
| Q1 2011 | -0.1% | — | — | |
| Q1 2012 | -1.2% | — | — | |
| Q4 2009 | +1.8% | — | — | |
| Q4 2011 | +1.8% | — | — | |
| Q3 2010 | -2.7% | — | — | |
| Q3 2011 | -2.7% | — | — | |
| Q2 2010 | -3.1% | — | — | |
| Q2 2011 | -3.1% | — | — | |
| Q4 2010 | -3.1% | — | — | |
| Q1 2010 | +0.0% | — | — |
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