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Overview
What Carriage Services does: It provides funeral and cemetery services and products across the United States. How its product works: The company coordinates end-to-end arrangements for families—planning and conducting funerals or memorial services, managing burials or cremations, cemetery property and maintenance, and selling related merchandise like caskets and urns—through its network of funeral homes and cemeteries, guided by trained staff in a collaborative, local service model. How it differs from competitors: It emphasizes professional, ethical conduct and high-quality staff, backed by a nationwide network, with a clear focus on meeting the needs of client families and communities. What its goal is: To be the most professional, ethical, and highest quality organization in the funeral and cemetery industry.
About Carriage Services
Industries
Company Size
501-1,000
Company Stage
IPO
Headquarters
Houston, Texas
Founded
1980
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Simplify's Take
What believers are saying
- Insurance-funded preneed funeral contracts grew 21.1% in Q2 2026, lifting future backlog.
- Cemetery preneed sales production rose 5.0% in Q2 2026, supporting higher-margin growth.
- Adjusted EBITDA margin expanded 70 basis points to 32.3% in Q2 2026.
What critics are saying
- Q2 2026 revenue missed expectations at $102.9 million, and guidance fell to $440 million.
- June 30, 2026 leverage remained $526.0 million debt, limiting flexibility if volumes weaken.
- At-need funeral volume fell 3.5% in Q2 2026, exposing mortality-driven demand dependence.
What makes Carriage Services unique
- Carriage Services owns 155 funeral homes and 28 cemeteries, enabling local-market density.
- The March 11, 2025 Express Funeral Funding partnership strengthens insurance-funded preneed distribution.
- Its May 27, 2026 Knoxville entry via McCammon Ammons Click expands Tennessee succession acquisitions.
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Stock Price
Company News
Carriage Services missed Wall Street's revenue expectations in Q2 2026, with sales flat year on year at $102.9 million, a 5.5% miss. The funeral services company also missed analysts' consensus estimates for non-GAAP profit, posting $0.78 per share versus expectations of $0.82. The company lowered its full-year revenue guidance to $440 million at the midpoint from $445 million. This came in 0.6% below analysts' estimates. Management reiterated its full-year adjusted EPS guidance of $3.45 at the midpoint. Despite a 3.5% decline in at-need volume due to lower national mortality trends, Carriage Services saw growth in preneed programmes. Insurance-funded preneed funeral contracts grew 21.1%, whilst consolidated cemetery preneed sales production increased 5.0%.
Carriage Services has acquired McCammon Ammons Click Funeral Home in Maryville, Tennessee, marking its entry into the Greater Knoxville market. The funeral home has served the community for 120 years. Donnie Poteet, the previous owner, said Carriage was chosen for succession planning based on its commitment to protecting and building upon the established legacy. Steve Metzger, Carriage's president and chief operating officer, said the acquisition aligns with the company's focus on purposeful growth whilst expanding its Tennessee footprint. Carriage Services operates 155 funeral homes across 24 states and 28 cemeteries in nine states as of 27 May 2026. The company is a leading provider of funeral and cemetery services in the United States.
HOUSTON, May 27, 2026 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV)Carriage Services, Inc. (
Carriage Services, a funeral services company, missed Wall Street's revenue expectations in Q1 2026, reporting sales of $106.1 million, flat year-on-year and 4.7% below analyst estimates of $111.4 million. Non-GAAP profit of $0.86 per share also fell 1.8% short of consensus. The miss was driven by a 5.8% decline in funeral volumes, partially offset by $2 million growth in cemetery revenue to $34.4 million. Adjusted EBITDA of $33.75 million missed estimates by 3.2%. The company reaffirmed its full-year revenue guidance of $445 million at the midpoint, closely aligning with analyst expectations. Management also maintained adjusted EPS guidance of $3.45 and EBITDA guidance of $137.5 million for the full year.
Carriage Services, a profitable company listed on the NYSE, has grown earnings per share by 4.8% annually over the past three years. The company's EBIT margins have improved from 21% to 23% whilst revenue has increased, signalling positive growth indicators. Insiders hold US$22 million worth of shares, representing 2.8% ownership, demonstrating significant buy-in from company leaders. This substantial insider investment suggests conviction in the business strategy and alignment with shareholder interests. The company's steady EPS growth and improving profit margins have attracted investor attention, particularly amongst those favouring traditional investment strategies focused on profitable businesses rather than loss-making ventures.
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About Carriage Services
Industries
Company Size
501-1,000
Company Stage
IPO
Headquarters
Houston, Texas
Founded
1980
Carriage Services is Hiring for 1 Jobs on Simplify!
Find jobs on Simplify and start your career today