Carriage Services Announces Second Quarter 2026 Results and Confirms 2026 Earnings Per Share Midpoint Guidance

HOUSTON, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) today announced its financial results for the second quarter June 30, 2026.

Company Highlights: * Consolidated cemetery preneed sales production increased 5.0%; * Consolidated average price per preneed interment right sold grew 17.3%; * Consolidated insurance-funded preneed funeral contracts sold grew 21.1%; * Funeral consolidated average revenue per contract grew 4.7%; * Financial revenue grew 14.0% compared with the prior year quarter; * GAAP Net Income grew 4.5% and operating income remained flat compared with the prior year quarter; * Adjusted Consolidated EBITDA grew by 3.1% and adjusted consolidated EBITDA margin expanded 70 basis points to 32.3%; * GAAP diluted EPS of $0.77 compared with $0.74 in the prior year quarter; * Adjusted diluted EPS of $0.78 compared to $0.74 in the prior year quarter; and * Completed the strategic acquisition of one funeral home while maintaining our leverage ratio at 4.0x. Carlos Quezada, Vice Chairman and CEO, stated, "We are pleased with our second-quarter performance. Against the backdrop of lower national mortality trends that emerged earlier this year, resulting in a 3.5% decline in our at-need volume compared with the second quarter of 2025, we delivered strong financial results. Comparable average revenue per contract increased 3.7% in funeral homes and 17.9% in preneed cemetery average revenue per interment, while total financial revenue grew 14.0%. Another positive during the second quarter was the continued growth in our preneed programs, a key driver of our long-term growth strategy, highlighted by 21.1% growth in insurance-funded preneed funeral contracts and 5.0% growth in consolidated cemetery preneed sales production. These accomplishments more than offset the volume impact, driving revenue to $102.9 million, an increase of 0.8% year over year.