Carriage Services(NYSE) CSV

Carriage Services, Inc. helps families plan and carry out funerals. It provides items for memorials, including caskets, graves, and cremation. These offerings support people during the difficult time of losing others.

Services for End of Life

• Funeral Home Operations: Service business providing burial, cremation, consultation, and merchandise such as caskets and urns; accounts for approximately 66% of total revenue.
• Cemetery Operations: Business selling interment rights for grave sites and mausoleums, along with memorial markers and installation services; accounts for approximately 34% of total revenue.

Recent Strategic Moves

• Established an at-the-market equity program in May 2026 to potentially sell up to $100 million in common stock.
• Acquired one funeral home for $4.5 million during the six months ended June 30, 2026.
• Sold one funeral home for $300,000 in the first half of 2026 to refine the portfolio of locations.
• Appointed Douglas Meehan as the Chair of the Compensation Committee in May 2026 to lead executive pay oversight.

How the Network Functions

The company operates a network of 155 funeral homes and 28 cemeteries across the United States. Its preneed programs allow customers to plan and pay for services before they are required.

Performance by the Numbers

• Total revenue was $102.9 million for the three months ended June 30, 2026, up 0.8% year over year.
• Net income hit $25.8 million for the six months ended June 30, 2026, down 21.1% year over year.
• Average revenue per funeral contract rose 4.7% to $6,048 during the three-month period ended June 30, 2026.
• Net cash provided by operating activities was $22.5 million for the six months ended June 30, 2026.
• The company maintained a market cap of $587.3 million with a price-to-earnings ratio of 12.3.

Bottom Line

Carriage Services has transitioned into a multi-state operator focusing on both immediate and planned end-of-life needs. By balancing service-based funeral homes with property-based cemetery sales, the company maintains steady operations through varying economic cycles.