Last $18.64 USD
Change Today +0.12 / 0.65%
Volume 55.9K
CSV On Other Exchanges
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Stuttgart
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

carriage services inc (CSV) Key Developments

Carriage Services Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Rolling Four Quarters Ending June 30, 2015

Carriage Services Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported Revenue was $56.5 million against $53.8 million a year ago. Operating income was $10.79 million against $9.43 million a year ago. Income from continuing operations before income taxes was $6.37 million against $5.77 million a year ago. Net income attributable to continuing operations was $3.81 million or $0.21 diluted earnings per share against $3.5 million or $0.20 diluted per share a year ago. Net income available to common shareholders was $3.25 million against $4.14 million a year ago. Diluted earnings per share were $0.17 against $0.23 a year ago. Adjusted net income was $5.84 million against $4.56 million a year ago. Consolidated EBITDA was $15.08 million against $13.48 million a year ago. Adjusted consolidated EBITDA was $16.3 million against $14.59 million a year ago. Net cash provided by operating activities was $14.94 million against $12.9 million a year ago. Cash used for maintenance capital expenditures was $1.69 million against $1.24 million a year ago. Adjusted diluted earnings per share were $0.32 against $0.25 a year ago. For the six months, the company reported Revenue was $112.16 million against $110.93 million a year ago. Operating income was $19.13 million against $21.71 million a year ago. Income from continuing operations before income taxes was $9.04 million against $15.45 million a year ago. Net income attributable to continuing operations was $5.4 million or $0.30 diluted earnings per share against $10.24 million or $0.46 diluted per share a year ago. Net income available to common shareholders was $5.46 million against $9.4 million a year ago. Diluted earnings per share were $0.29 against $0.48 a year ago. Net cash provided by operating activities was $13.32 million against $22.8 million a year ago. Acquisitions and land for new construction was $54.85 million against $6.05 million a year ago. Capital expenditures was $9.69 million against $4.47 million a year ago. Adjusted net income was $11.5 million against $10.54 million a year ago. Consolidated EBITDA was $27.67 million against $29.21 million a year ago. Adjusted consolidated EBITDA was $31.42 million against $31.11 million a year ago. Cash used for maintenance capital expenditures was $2.57 million against $3.02 million a year ago. Adjusted diluted earnings per share were $0.63 against $0.56 a year ago. Cash used for growth capital expenditures was $7.1 million against $1.5 million a year ago. For the rolling four quarters ending June 30, 2015, the company expected net income from continuing operations of $19 million, provision for income taxes of $12.3 million, pre-tax earnings from continuing operations of $31.3 million, net interest expense, including loan cost amortization of $14.2 million, depreciation & amortization, including stock compensation of $16 million, consolidated EBITDA of $61.500 million and adjusted consolidated EBITDA of $66.5 million. The company expected net income from continuing operations of $19 million or $1.04 diluted earnings per share and adjusted net income of $27 million or $1.45 diluted earnings per share. Revenue in a range of $237 million to $242 million.

Carriage Services Declares Quarterly Cash Dividend, Payable on September 2, 2014

Carriage Services Inc. announced that its Board of Directors on July 31, 2014 declared the quarterly dividend of 2.5 cents per share payable on September 2, 2014 to common share record holders as of August 15, 2014. The company also has a dividend reinvestment program that is available so that shareholders may elect to reinvest their dividends into additional shares of the company's common stock.

Carriage Services Inc. to Report Q2, 2014 Results on Aug 05, 2014

Carriage Services Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 05, 2014

Carriage Services Inc., Q2 2014 Earnings Call, Aug 06, 2014

Carriage Services Inc., Q2 2014 Earnings Call, Aug 06, 2014

Carriage Services Inc. Appoints Grant Thornton LLP as Registered Public Accounting Firm

Carriage Services Inc. at its Annual Meeting held on May 21, 2014 ratified the appointment of Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2014.

 

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Industry Analysis

CSV

Industry Average

Valuation CSV Industry Range
Price/Earnings 33.2x
Price/Sales 1.6x
Price/Book 2.0x
Price/Cash Flow 12.8x
TEV/Sales 0.3x
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