Carriage Services

Carriage Service’s 3rd Quarter. . . CEO speaks on new opportunities, letter of intent

By Funeral Director Daily / November 6, 2019 /

Last week funeral home and cemetery consolidator and operator Carriage Services reported their 3rd quarter results for 2019.  After some disappointing results in the past year, the 3Q report was filled with enough upside results to put a little jump in the step of Carriage Service executives and stockholders.  You can see the company results…

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Carriage Services, SCI report 3rd Quarter Results

By Funeral Director Daily / October 30, 2019 /

Funeral home and cemetery public operation companies Carriage Services and Service Corporation International reported 3rd Quarter results October 28 and October 30 respectively.  Here are press releases from each company on their results. Funeral Director Daily will wait until after we have had the chance to read the transcripts of the analysts calls with the…

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Carriage Services adds Texas location

By Funeral Director Daily / October 29, 2019 /

It 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…

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Death Care investments have been good in 2019

By Funeral Director Daily / October 28, 2019 /

Funeral Director Daily tracks its proprietary Death Care Index or DCI periodically.  The DCI is a group of eight publicly traded company stocks that each have some skin in the death care industry or profession.  They range from companies involved in death care services to companies who manufacture things like crematories, to companies involved in…

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Carriage Services announces Buffalo, New York acquisition

By Funeral Director Daily / October 15, 2019 /

Carriage Services, the public company death care consolidator and operator based out of Houston, Texas, announced last week that they had made a major acquisition in the Buffalo, New York, market.  In this press release you can read from Yahoo Finance, the company announced that they had acquired the four locations of the Lombardo Funeral…

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Carriage Services quarter sees revenue, profits up. . . trending upward

By Funeral Director Daily / August 5, 2019 /

Three months ago the 1st Quarter report of 2019 for funeral home and cemetery operator Carriage Services caused concern for many of their stockholders.  In that quarter, same store revenue for funerals and profitability took a backward trend as did the number of atneed and preneed services conducted or contracted. That report led management to…

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From the business world. . . . .

By Funeral Director Daily / July 31, 2019 /

As we continue to move into the reports from Wall Street on how public companies have been doing for the first six months of 2019 we have a couple of items that we noticed in today’s news that we will present to you: Dignity PLC halts dividend:  The British funeral home conglomerate announced on Wednesday…

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SCI reports 2nd Qtr, mid-year results

By Funeral Director Daily / July 30, 2019 /

Service Corporation International (SCI), the largest single entity seller of funeral and cremation services in the United States, reported their 2nd Quarter 2019 and mid-year 2019 financial results yesterday.  SCI has approximately 1500 funeral home, crematories, and cemeteries under its umbrella and is said to garner about 15-18% of the American death care dollar. Because…

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Ling opines: “Death stocks . .clinging to life”

By Funeral Director Daily / June 25, 2019 /

Financial writer Benen Ling published on Seeking Alpha an article on the United States public funeral home and cemetery companies last week.  He titled his article, “These Death stocks are barely clinging to life”.  You can read the article here. Ling writes a good article and makes some great points about our profession and the…

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Carriage Services 1st Quarter — Total Revenue Drops

By Funeral Director Daily / May 2, 2019 /

Houston 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…

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