Mel Payne
Mel Payne has been listed as the co-founder, CEO, and Chairman of the Board at funeral home and cemetery operator Carriage Services since 1991. In the company’s 2023 Year End Report which was made public on February 21 of this year, the company made note that Mr. Payne “has chosen to step down from…
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Of the seven companies that comprise the Funeral Director Daily Death Care Index (DCI) Carriage Services was the first company to report earnings for the 3rd Quarter of 2022 and did so Wednesday. Carriage Services, based in Houston, Texas, reported lower comparable numbers in almost every category compared to the same period in 2021.…
Read MoreWe reported back in February on Carriage Services’ 2019 4th Quarter and their 2019 year end report. We told you at that time we would be listening for their Earnings Call and would eventually report on that as well. You can access the entire earnings call from this web page. Here are some interesting comments…
Read MoreIt was announced yesterday in this press release that funeral home and cemetery consolidator Carriage Services had acquired the Rest Haven Funeral Home and Cemetery, based in Rockwall, Texas. The press release went on to say that this purchase represents Carriage Service’s first foray into the large and strategic market of Dallas-Fort Worth. Again, according…
Read MoreHouston based funeral home and cemetery consolidator and operator Carriage Services reported its 1st Quarter 2019 results yesterday. Their report somewhat parroted industry leader Service Corporation International’s report from a week ago in that “Same Unit” revenues dropped. In Carriage’s case, however, even with new acquisition revenue added in, their 2019 revenues of $69.1 million…
Read MoreAuthor Noam Ganel wrote an article for Seeking Alpha entitled, “The Case for (and against) owning shares in Carriage Services” which was published on April 15. You can read the article here. Funeral Director Daily take: This is an interesting article that, in my opinion, the author researched well. You may or may not like…
Read MoreYou only have to read the first page of Carriage Service’s press release, which you can read here, to understand that CEO Mel Payne was not thrilled with Carriage’s 2nd quarter numbers. The third paragraph of the release states, “We have complete confidence that our operating leadership is effectively dealing with the revenue and margin…
Read MoreCarriage Services, the Houston based funeral home and cemetery consolidator and operator announced 2nd Quarter 2018 earnings yesterday and with that report, that you can access here, found their common stock losing about 5% of its value. Analysts had predicted earnings in the range of about $0.37 per share and the report brought earnings in…
Read MoreLast week Carriage Services, a funeral service public company based in Houston, Texas, announced that they had acquired two funeral homes in the State of Virginia. You can read the press release here. The release announces the acquisition of the Covenant Funeral Homes in Fredericksburg and Stafford, Virginia. The release goes on to say that…
Read MoreWe found a short opinion on the stock ownership values of Carriage Services today by Douglas Gerlach and published on Moneyshow.com. We present you the article here with no opinion on our part. [wpforms id=”436″ title=”true” description=”true”]
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