Logotype for Carriage Services Inc

Carriage Services (CSV) investor relations material

Carriage Services Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Carriage Services Inc
Q3 2025 earnings summary6 Nov, 2025

Executive summary

  • Third quarter results reflect continued momentum toward long-term vision, supported by disciplined capital allocation, operational improvement, and purposeful growth.

  • Operates in two segments: Funeral Home (70% of revenue) and Cemetery (30%), with 159 funeral homes in 24 states and 28 cemeteries in 9 states as of September 30, 2025.

  • Strategic acquisitions and divestitures enhanced market presence, adding over $15 million in annual revenue and expanding the network.

  • Focus on technology, innovation, and partnerships to accelerate sales and enhance customer experience.

  • Acquired eight funeral homes, one cemetery, and one cremation business in Florida for $56.5M; sold nine funeral homes and four cemeteries for $33.8M.

Financial highlights

  • Q3 2025 revenue was $102.7 million, up 2.0% year-over-year, with operating revenue up 5.2% driven by a 21.4% increase in pre-need cemetery sales.

  • Adjusted consolidated EBITDA for Q3 2025 was $33.0 million (32.1% margin), up from $30.7 million (30.5% margin) in Q3 2024; adjusted diluted EPS was $0.75, up 17.2%.

  • Net income for Q3 2025 was $6.6 million, down from $9.9 million in Q3 2024, due to higher divestiture and impairment charges; nine months net income rose to $39.2 million from $23.1 million year-over-year.

  • Adjusted free cash flow for Q3 2025 was $19.0 million, up from $17.7 million in Q3 2024.

  • General agency commission revenue from insurance-funded pre-arranged funeral sales rose to $2.6 million, up 61% year-over-year.

Outlook and guidance

  • 2025 guidance projects total revenue of $413–$417 million, adjusted consolidated EBITDA of $130–$132 million, and adjusted diluted EPS of $3.25–$3.30.

  • Adjusted free cash flow for 2025 is expected to be $44–$48 million; overhead expenses at 13–13.5% of revenues; leverage ratio to end 2025 at 4–4.1x.

  • Guidance excludes gains/losses from divestitures, acquisition costs, severance, impairments, and other special items.

  • Fourth quarter volume trends are positive, with expectations for normalized growth and strong pre-need cemetery sales.

  • Focus remains on debt repayment, dividends, internal growth, and strategic acquisitions.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Carriage Services earnings date

Logotype for Carriage Services Inc
Q4 202525 Feb, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Carriage Services earnings date

Logotype for Carriage Services Inc
Q4 202525 Feb, 2026

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Carriage Services Inc is a provider of funeral and cemetery services in the United States. The company owns and operates funeral homes and cemeteries that offer burial, cremation, memorialization, and related services. It serves families through personalized service offerings across its network of locations. Carriage Services Inc is headquartered in Houston, Texas, and its shares are listed on the NYSE.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage