Q2 2026 Carriage Services Inc Earnings Call Transcript

Aug 6, 2026 / 01:00 PM GMT

Release Date Price: €35.6

Transcript 10-Q8-K

Key Points

Positve

Carriage Services Inc (CSV) reported a 3.1% increase in adjusted consolidated EBITDA to $33.3 million, with the margin expanding by 70 basis points to 32.3% despite lower funeral volume.
The company demonstrated strong pricing power, with funeral home comparable average revenue per contract growing 3.7% and consolidated average price per preneed interment right sold increasing by 17.3%.
Financial revenue grew 14% year-over-year, driven by a 21.1% increase in insurance-funded preneed funeral contracts sold, highlighting the success of its preneed strategy.
Management reported that funeral volume returned to positive growth in July, with strong low single-digit growth, signaling a potential recovery after a soft first half.
The company maintained a healthy balance sheet, reducing its bank leverage ratio to 4.0 times from 4.2 times a year ago and lowering interest expense by approximately $350,000 due to a lower average borrowing rate.

Negative

Comparable funeral volume declined by 3.5% in the second quarter and 4.7% in the first half of 2026, driven by softer-than-expected mortality trends across the country.
Total revenue growth was minimal at 0.8% year-over-year, with funeral comparable revenue decreasing 2.4% to $55.7 million due to the volume decline.
Adjusted free cash flow for the first half of the year fell to $13.8 million from $20.3 million in the prior year, primarily due to a $3.2 million increase in planned capital expenditures.
The company revised its full-year revenue guidance down by $5 million, partly due to the timing of expected acquisitions, which are now anticipated to contribute less than initially projected.
Cemetery revenue remained essentially flat at $33.2 million, as strong preneed production growth of 5% was offset by the timing of revenue recognition, delaying the impact of these sales to future periods.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CSV.N - Carriage Services Inc
Q2 2026 Carriage Services Inc Earnings Call
Aug 06, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by.

Welcome to the Carriage Services Q2 2026 earnings call.

Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, SAM Mazzo, Vice President, general counsel, and secretary.

Please go ahead, sir.

Good morning everyone, and thank you for joining us to discuss our second quarter results for 2026.

In addition to myself on the call this morning from management.

Our Carlos Quezada, Chief Executive Officer and Vice Chairman of the Board of Directors.

Steve Metzger, President and Chief Operating Officer.

And John Enright, Chief Financial Officer.

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