Core Insights - Carriage Services reported Q3 CY2025 revenue of $102.7 million, exceeding analyst expectations of $101.4 million, representing a 2% year-on-year growth [1][6] - The company’s non-GAAP profit was $0.75 per share, surpassing the consensus estimate of $0.73 by 3% [1][6] - Management reaffirmed full-year revenue guidance of approximately $415 million, aligning with analyst estimates [1][6] Performance Highlights - The third quarter performance was driven by strong preneed cemetery sales and an increase in insurance-funded prearranged funeral sales, despite weaker funeral home volumes in July and August [3][5] - CEO Carlos Quezada noted a mid-single-digit decline in funeral home volumes before a rebound in September, indicating broad-based industry softness affecting both consolidators and independent operators [3][4] - Adjusted EBITDA for the quarter was $32.98 million, with a margin of 32.1%, exceeding analyst estimates of $31.74 million [6] Future Outlook - The company is focusing on technology investments and expanding cemetery and preneed sales, projecting stable funeral volumes supported by demographic trends [4] - Management highlighted the potential for growth through new AI-enabled sales tools and partnerships with insurance providers, aiming for sustainable preneed sales growth through 2026 [4][5] - Full-year Adjusted EPS guidance was slightly raised to $3.28 at the midpoint, while EBITDA guidance for the full year is set at $131 million, below analyst estimates of $132.3 million [6]