Carriage services announces first quarter 2025 results

Houston, april 30, 2025 (globe newswire) -- carriage services, inc. (nyse: csv) today announced its financial results for the first quarter ended march 31, 2025. company highlights: gaap net income growth of $14.0 million or 200.1% over the prior year quarter; gaap diluted eps of $1.34 and adjusted diluted eps of $0.96, compared to $0.45 and $0.75 in the prior year quarter, a growth of 197.8% and 28.0%, respectively; total funeral operating revenue increased $3.0 million or 4.6% over the prior year quarter, driven by an increase in consolidated funeral average revenue per contract of 2.3%; total revenue of $107.1 million, or 3.5% growth achieved over prior year driven by an 11.8% increase in consolidated average price per preneed internment rights sold, a 7.4% increase in total consolidated preneed sales and an increase of 2.3% in consolidated funeral average revenue per contract; the company divested non-core assets for proceeds from divestitures of $18.7 million; and leverage ratio lowered to 4.2x from 5.0x at the same period last year, as the company paid down $17.0 million of debt on its credit facility during the first quarter.
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