Carriage Services

Have investors lost faith in Death Care?

By Funeral Director Daily / December 4, 2023 /

  If you are an investor — and with IRA’s and 401K plans virtually everyone is in today’s world — the month of November 2023 gave you reason for optimism.   After a couple of sluggish years of investor equity growth there now seems to be a light at the end of the tunnel with…

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Carriage Services sees Revenue increase, Net Income decrease for 3rd Quarter comparables

By Funeral Director Daily / November 13, 2023 /

      Carriage Services reported 3rd Quarter 2023 financial numbers last week in their 3Q 2023 Report that you can access here, and in that report they showed Total Revenue growing to $90.5 million for the quarter and Net Income dropping to $4.6 million for the same period.   That compares to 3Q 2022…

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Carriage Services affirms that it is continuing its “Review of Strategic Alternatives to Maximize Shareholder Value”

By Funeral Director Daily / October 6, 2023 /

    On Wednesday Funeral Director Daily told you of the Tuesday, October 2, press release of Park Lawn Corporation stating that it was withdrawing its all-cash offer to purchase all of the outstanding stock of Carriage Services.  It also mentioned that it had declined to participate any further in Carriage Services’ “Review of Strategic…

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Park Lawn withdraws Carriage Services offer

By Funeral Director Daily / October 3, 2023 /

  Yesterday Park Lawn Corporation issued a press release stating that “it has declined to participate further in Carriage Services, Inc.’s (NYSE: CSV) (“Carriage”) previously announced strategic review process and that it has withdrawn its all cash proposal to purchase the outstanding stock of Carriage.”   The press release which you can read here also…

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Seeking Alpha article explains Carriage Services

By Funeral Director Daily / September 7, 2023 /

    About three weeks ago on August 16, 2023, an author at Seeking Alpha published this article on funeral home and cemetery operator Carriage Services.  It is an interesting article that you should read as I think the author has a “better than most” understanding of how the death care market operates.   In…

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Park Lawn 2Q 2023: Revenue, Revenue per Service up, Net Earnings down. . . announces additional acquisition

By Funeral Director Daily / August 14, 2023 /

      There is a lot to be digested when you look at Park Lawn Corporation’s (PLC) 2nd Quarter Earnings Release and their Earnings Call transcript which were made public last week.  Much like the quarterly reports from SCI and Carriage Services, Park Lawn was able to increase revenues, but like their counterparts, it…

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Carriages Services 2Q 2023: Revenues increase but Interest expense holds back profits

By Funeral Director Daily / August 8, 2023 /

      Houston based funeral home and cemetery operator Carriage Services reported their 2nd Quarter 2023 financial report last week one day after Service Corporation International.  What may become a common theme is that the companies have been able to increase revenue quarter over quarter during the past year but those gains run into…

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Private Equity claims another death care provider

By Funeral Director Daily / August 7, 2023 /

    While most of us have been anticipating some news on the acquisition front from Australia and the proposed takeover of InvoCare by TPG Capital or waiting for some news on the North American proposal of Park Lawn Corporation to acquire Carriage Services, news came late last week that Great Britain’s large direct cremation…

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Park Lawn Corporation makes offer to acquire Carriage Services

By Funeral Director Daily / June 30, 2023 /

      The world of Death Care has once again proved pretty small.  In what was supposed to be a confidential offer, Park Lawn Corporation has confirmed, according to this Yahoo Finance article, that they have recently made a buy-out proposal to Carriage Services.   And, Carriage Services, in this company press release, has…

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Carriage Services: Carlos Quezada replaces Mel Payne as CEO

By Funeral Director Daily / June 26, 2023 /

      In this press release from last Thursday it was announced that some leadership position changes at publicly held funeral home and cemetery operator Carriage Services were underway.  First and foremost was the announcement that former company Chief Operating Officer and President Carlos Quezada was being promoted to the position of Chief Executive…

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