Quarterly ResultAug 5, 2026, 04:35 PM
Carriage Services Q2 Net Income +4.5%; Revenue $102.9M
AI Summary
Carriage Services announced its second-quarter 2026 financial results, reporting a 4.5% increase in GAAP Net Income to $12.3 million and a 0.8% rise in total revenue to $102.9 million. Despite lower national mortality trends, the company achieved strong growth in preneed programs, with cemetery preneed sales production up 5.0% and insurance-funded preneed funeral contracts up 21.1%. Adjusted Consolidated EBITDA grew 3.1% to $33.3 million, and the company completed one strategic acquisition. However, the full-year 2026 revenue outlook was slightly lowered due to mortality trends and revised acquisition timing.
Key Highlights
- Q2 2026 GAAP Net Income grew 4.5% to $12.3 million.
- Q2 2026 GAAP diluted EPS was $0.77, up from $0.74 YoY.
- Q2 2026 Adjusted Consolidated EBITDA grew 3.1% to $33.3 million.
- Consolidated cemetery preneed sales production increased 5.0%.
- Insurance-funded preneed funeral contracts sold grew 21.1%.
- Total revenue for Q2 2026 increased 0.8% to $102.9 million.
- Completed the strategic acquisition of one funeral home.
- Revised 2026 Total Revenue outlook to $435-$445 million (from $440-$450 million).
Price Impact
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