NYSE$CSV
Carriage Services Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Announced strong fourth quarter and full year results, driven by revenue growth and disciplined cost management.
Carriage Services reported a 5.2% increase in total revenue for the fourth quarter and a 3.3% increase for the full year. The company saw a 25.0% surge in preneed cemetery sales production for the fourth quarter and a 19.6% increase for the full year. Adjusted consolidated EBITDA increased by 13.2% over the prior year quarter, with margin expansion of 230 basis points.
- Total revenue increased by 5.2% in the fourth quarter.
- Preneed cemetery sales production surged by 25.0% in the fourth quarter.
- Adjusted consolidated EBITDA grew by 13.2% over the prior year quarter.
- The Board of Directors concluded the strategic review process and decided to continue as an independent public company.
Headline financials
Revenue & EPS history
Carriage Services · Revenue · Quarterly
$98.8M
Revenue by segment
Carriage Services · $97.5M total across 4 segments · Q2 2023
- Funeral Operating$60.8M—62.4%
- Cemetery Operating$29.1M—29.9%
- Financial$6.29M—6.5%
- Ancillary$1.23M—1.3%
Forward guidance
The Company’s 2024 outlook incorporates previously stated organic growth initiatives around preneed sales, both in the cemetery and funeral businesses, and expected cost discipline while the Company continues to deleverage the balance sheet.
Tailwinds
- Focus on organic growth initiatives around preneed sales in both cemetery and funeral businesses.
- Expected cost discipline.
- Continuing to deleverage the balance sheet.
Headwinds
- Expected reduction in 2024 revenue and field EBITDA due to divestitures of certain non-core businesses.
- Divestitures reducing 2024 revenue by ~$5.5 million.
- Divestitures reducing 2024 field EBITDA by $1.5 million.
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 Q4 2023
+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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