Carriage Services Q1 Earnings Call Highlights

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Sat, May 9, 2026 astatine 6:03 PM CDT 7 min read

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Key Points

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Q1 gross was fundamentally flat astatine $106.1 million, arsenic a 5.8% driblet successful ceremonial at-need measurement weighed connected results and partially offset gains successful cemetery operations and pre-need sales.
Profitability improved contempt little ceremonial volume, with adjusted consolidated EBITDA rising 2.4% to $33.8 cardinal and borderline expanding to 31.8% acknowledgment to stronger cemetery show and pre-need ceremonial sales.
Management kept full-year 2026 guidance unchanged and said the acquisition pipeline remains robust, with 1 woody expected to adjacent soon and further M&A enactment apt aboriginal successful the year.

Carriage Services (NYSE:CSV) reported first-quarter 2026 results that absorption said reflected dependable execution contempt a hard year-over-year comparison, arsenic little ceremonial volumes were offset successful portion by gains successful cemetery operations and pre-need sales.

President Steve Metzger opened the company’s net webcast, followed by remarks from Carlos R. Quezada, main enforcement serviceman and vice president of the board, and John Enwright, elder vice president and main fiscal officer. Quezada said the institution was “pleased” with the quarter, peculiarly due to the fact that the archetypal 4th of 2025 benefited from a stronger flu play that extended into January and February.

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Revenue for the 4th was $106.1 million, down 0.9% from the prior-year period. Quezada said the main operator was a 5.8% diminution successful ceremonial location at-need volume. He added that erstwhile ceremonial measurement is normalized by combining the 4th fourth of 2025 and the archetypal 4th of 2026, the measurement diminution was 2.3%.

Funeral Volume Weighs connected Revenue

Comparable ceremonial gross was $63.3 million, down 4.2% from a twelvemonth earlier. The diminution successful measurement was partially offset by a 1.6% summation successful comparable mean gross per contract. Quezada said the institution expects ceremonial measurement successful April to beryllium “on a mean trend,” though during the question-and-answer league helium said April had started “a small slow.”

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Asked by Barrington Research expert Alex Paris astir the company’s assurance successful gross maturation returning aboriginal successful the year, Quezada said decease attraction volumes person shown seasonality and variability since COVID-19. He said the institution believes it tin marque up measurement implicit the adjacent 3 quarters, peculiarly arsenic it moves past the interaction of divestitures completed past year.

In effect to a question from Raymond James expert Parker Snurr, Quezada said January, February and March were each comparatively akin successful presumption of measurement decline. He besides said Carriage’s tract teams are focused connected gaining marketplace stock adjacent if decease rates are compressed.

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