Carriage Services(US:CSV) Globenewswire·2026-02-25 22:31Core Insights - Carriage Services, Inc. reported strong financial performance for Q4 and the full year 2025, with significant growth in both funeral and cemetery operations [3][4]. Financial Highlights - In Q4 2025, total funeral operating revenue increased by 9.6%, while total cemetery operating revenue grew by 18.4% [3]. - Operating income rose by 16.8%, and adjusted consolidated EBITDA increased by 11.0%, with an adjusted consolidated EBITDA margin of 30.8%, up 80 basis points year-over-year [3][4]. - For the full year 2025, GAAP diluted EPS grew nearly 55% to $3.25, and adjusted diluted EPS increased by 21% to $3.20 [6][4]. - Total revenue for the year reached $417.4 million, a 6.1% increase from 2024, driven by higher contract volumes and improved pricing discipline [4][15]. Operational Metrics - The company completed strategic acquisitions of two businesses generating over $15 million in annual revenue and divested non-core assets, resulting in a leverage ratio of 4.0x [4][6]. - Preneed cemetery sales production increased by 13.4% year-over-year, contributing to the overall revenue growth [4][6]. - The average price per preneed interment right sold was $5,643, up from $5,264 in the previous year [7]. Outlook for 2026 - The company projects total revenue between $440 million and $450 million, with adjusted consolidated EBITDA expected to be between $135 million and $140 million [10]. - Adjusted diluted EPS is forecasted to be in the range of $3.35 to $3.55, with adjusted free cash flow anticipated between $40 million and $50 million [10].