← CARRIAGE SERVICES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $248.2m |
$258.1m
+4.00%
|
$268.0m
+3.82%
|
$274.1m
+2.28%
|
$329.4m
+20.19%
|
$375.9m
+14.10%
|
$370.2m
-1.52%
|
$382.5m
+3.34%
|
$404.2m
+5.67%
|
$417.4m
+3.28%
|
$417.3m
-0.04%
|
|
| Other Cost of Operating Revenue | $143.8m | $153.6m | $1.5m | $2.1m | $4.8m | $5.0m | $5.0m | $5.8m | $5.9m | $6.1m | — | |
| Cost of Goods and Services Sold | $168.6m |
$181.3m
+7.59%
|
$192.0m
+5.90%
|
$194.5m
+1.29%
|
$223.5m
+14.91%
|
$246.4m
+10.22%
|
$250.9m
+1.86%
|
$258.2m
+2.90%
|
$260.8m
+1.00%
|
$270.8m
+3.82%
|
$270.7m
-0.02%
|
|
| Cost of goods and services | $142.7m |
$152.3m
+6.76%
|
$162.1m
+6.45%
|
$162.3m
+0.09%
|
$182.7m
+12.58%
|
$196.3m
+7.43%
|
$203.8m
+3.83%
|
$215.6m
+5.81%
|
$217.6m
+0.93%
|
$224.3m
+3.07%
|
$270.7m
+20.68%
|
|
| Gross Profit | $79.7m |
$76.8m
-3.58%
|
$75.9m
-1.11%
|
$79.6m
+4.79%
|
$105.9m
+33.09%
|
$129.5m
+22.27%
|
$119.2m
-7.94%
|
$124.3m
+4.25%
|
$143.4m
+15.36%
|
$146.7m
+2.29%
|
$146.6m
-0.06%
|
|
| Labor and Related Expense | — | — | — | — | — | — | — | — | $107.5m | $112.6m | — | |
| Amortization of Intangible Assets | — | — | — | — | $1.3m | $1.3m | $1.3m | $1.4m | $1.4m | $1.2m | — | |
| Operating Expenses | $29.4m | $27.9m | $32.6m | $27.3m | — | — | — | — | — | — | $319.5m | |
| Operating Income (Loss) | $50.2m |
$48.9m
-2.52%
|
$43.3m
-11.51%
|
$52.3m
+20.74%
|
$57.2m
+9.44%
|
$93.7m
+63.66%
|
$79.7m
-14.88%
|
$81.0m
+1.57%
|
$81.8m
+1.01%
|
$97.7m
+19.39%
|
$97.8m
+0.18%
|
|
| Investment Income, Net | $6.5m | $5.9m | $5.9m | $4.5m | $8.5m | $10.4m | $11.4m | $12.8m | $11.4m | — | — | |
| Debt and Equity Securities, Gain (Loss) | — | ($838k) | ($1.4m) | ($377k) | ($387k) | ($118k) | ($2.4m) | ($1.6m) | ($2.4m) | — | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | — | — | — | — | — | — | — | $1.5m | — | |
| Other Nonoperating Income (Expense) | ($1.8m) | $1.1m | ($1.2m) | ($4.1m) | $152k | ($84k) | $82k | $1.4m | ($61k) | $971k | — | |
| Interest Expense (non-operating) | $11.7m | $12.9m | $21.1m | $25.5m | $32.5m | $25.4m | $25.9m | $36.3m | $32.1m | $28.4m | $27.6m | |
| Nonoperating Income (Expense) | ($18.0m) | — | — | — | — | — | — | — | — | — | — | |
| Other expenses | $143.8m | $153.6m | $1.5m | $2.1m | $4.8m | $5.0m | $5.0m | $5.8m | $5.9m | $6.1m | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $32.2m | $32.8m | $18.3m | $22.4m | $24.6m | $44.3m | $57.2m | $46.4m | $50.1m | $70.3m | $62.7m | |
| Current Income Tax Expense (Benefit) | $7.8m | $7.2m | $2.8m | ($2.2m) | $4.0m | $11.8m | $12.8m | $9.7m | $17.8m | $14.8m | $18.1m | |
| Expense for income taxes | $12.7m | $13.1m | ($5.8m) | ($7.4m) | ($8.0m) | ($12.3m) | ($16.2m) | $13.2m | $16.1m | $22.2m | — | |
| (Benefit) expense related to discrete income tax items | $22k | $17.5m | ($867k) | ($488k) | ($567k) | $1.2m | $430k | ($170k) | $1.0m | ($3.4m) | — | |
| Total expense for income taxes | ($12.7m) | $4.4m | ($6.6m) | ($7.9m) | ($8.6m) | ($11.1m) | ($15.8m) | $13.0m | $17.1m | $18.8m | — | |
| Net loss on divestitures and impairment charges | — | — | $1.2m | $4.8m | $21.4m | $666k | $2.0m | $1.2m | $2.6m | $371k | — | |
| Net Income (Loss) Attributable to Parent | $19.6m |
$37.2m
+89.94%
|
$11.6m
-68.69%
|
$14.5m
+24.80%
|
$16.1m
+10.71%
|
$33.2m
+106.08%
|
$41.4m
+24.80%
|
$33.4m
-19.26%
|
$33.0m
-1.38%
|
$51.5m
+56.30%
|
$44.1m
-14.33%
|
|
| Income (Loss) from Continuing Operations, Per Basic Share | $1 | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | $1 | — | — | — | — | — | — | — | — | — | — | |
| Earnings Per Share, Basic | $1.18 | $2.25 | $0.64 | $0.81 | $0.90 | $1.90 | $2.78 | $2.24 | $2.17 | $3.29 | $2.83 | |
| Earnings Per Share, Diluted | $1.12 | $2.09 | $0.63 | $0.80 | $0.89 | $1.81 | $2.63 | $2.14 | $2.10 | $3.25 | $2.79 | |
| Common Stock, Dividends, Per Share, Declared | $0.15 | $0.23 | $0.30 | $0.30 | $0.40 | $0.41 | $0.45 | $0.45 | $0.45 | $0.45 | — | |
| Basic (in shares) | $16.5m | $16.4m | $18.0m | $17.9m | $17.9m | $17.4m | $14.9m | $14.8m | $15.0m | $15.4m | $15.6m | |
| Diluted (in shares) | $17.5m | $17.7m | $18.4m | $18.0m | $18.1m | $18.3m | $15.7m | $15.5m | $15.4m | $15.6m | $15.8m | |
| Weighted Average Number of Shares Outstanding, Basic | 16.5m | 16.4m | 18.0m | 17.9m | 17.9m | 17.4m | 14.9m | 14.8m | 15.0m | 15.4m | 15.6m | |
| Weighted Average Number of Shares Outstanding, Diluted | 17.5m | 17.7m | 18.4m | 18.0m | 18.1m | 18.3m | 15.7m | 15.5m | 15.4m | 15.6m | 15.8m | |
| Additional Financial Items | ||||||||||||
| Goodwill, Impairment Loss | $145k | $0 | $1.0m | $963k | — | — | $400k | — | $0 | $0 | $2.0m | |
| Realized Investment Gains (Losses) | — | — | — | — | — | — | — | $8.6m | — | — | — | |
| Cemetery property amortization | $3.9m | $3.4m | $3.6m | $4.0m | $5.0m | $6.7m | $5.9m | $6.0m | $8.2m | $9.4m | — | |
| General, administrative, and other | $27.9m | $26.3m | $30.8m | $25.9m | $25.8m | $33.9m | $37.5m | $42.1m | $59.0m | $48.6m | — | |
| Net gain on property damage, net of insurance claims | — | — | — | — | $0 | $0 | $3.5m | ($343k) | ($417k) | $0 | — | |
| Other, net | ($1.8m) | $1.1m | ($1.2m) | ($4.1m) | $152k | ($84k) | $82k | ($1.4m) | $61k | ($971k) | — | |
| Cost, Depreciation and Amortization | $13.9m | $14.4m | — | — | — | — | — | — | — | — | — | |
| Other Cost and Expense, Operating | — | $1.3m | $1.5m | $2.1m | — | — | — | — | — | — | — | |
| Field depreciation expense | $10.0m | $11.0m | $12.0m | $12.4m | $13.0m | $12.6m | $13.3m | $14.2m | $13.7m | $13.2m | — | |
| Regional and unallocated funeral and cemetery costs | $10.8m | $13.3m | $12.7m | $13.8m | $18.1m | $25.8m | $23.0m | $16.6m | $15.4m | $17.7m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $19.6m | $37.2m | $11.6m | $14.5m | $16.1m | $33.2m | $41.4m | $33.4m | $33.0m | $51.5m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $0 | — | — | — | — | — | — | — | — | — | — | |
| Total field costs and expenses | $168.6m | $181.3m | $192.0m | $194.5m | $223.5m | $246.4m | $250.9m | $258.2m | $260.8m | $270.8m | — |