Earnings Releases·Nov 4, 2026, 4:34 PM ET

Carriage Services — Third Quarter 2026 Earnings Summary

Q3 2026 GAAP net income rose 35.2% to $8.9 million ($0.56 EPS), while total revenue declined 2.4% to $100.3 million; full-year 2026 revenue guidance was lowered to $415–$420 million from $435–$445 million.
Management revised full-year 2026 adjusted EBITDA guidance down to $125–$130 million and adjusted EPS guidance to $2.90–$3.05, citing lower mortality rates, weaker cemetery preneed sales, and additional trust taxes from MLP investment sales.
The company secured a new $300 million credit facility, increasing borrowing capacity by $50 million, and maintains a strategic acquisition pipeline representing over $14 million in annual revenue expected to close in late 2026 and early 2027.
Funeral operations showed resilience with a 2.5% increase in contract volume and 1.9% growth in average revenue per contract, whereas cemetery comparable revenue declined 7.8% in the quarter due to reduced preneed sales production.