Carriage Services Reports Q3 2026 Earnings Decline and Lowers Full-Year Guidance
Carriage Services (CSV) reported a decline in third-quarter 2026 financial results, with total revenue falling 2.4% to $100.3 million. The company faced headwinds from weaker cemetery preneed sales performance and a $2.5 million impact from trust taxes related to the sale of Master Limited Partnership investments. Adjusted diluted EPS dropped to $0.59 from $0.75 in the prior year quarter, while adjusted consolidated EBITDA fell 16% to $27.7 million. Despite these challenges, management noted a 2.5% increase in funeral contract volume and growth in insurance-funded preneed sales. However, due to execution gaps in cemetery sales leadership and training, the company has revised its full-year guidance downward across revenue, adjusted EBITDA, EPS, and free cash flow metrics. Management is currently implementing decisive actions to address productivity issues within their cemetery segment.
Tickers: $CSV
Topics: Cemetery preneed sales EBITDA decrease EPS miss Funeral contract volume Revenue decline