Carriage Services 2025 Q2 Earnings Strong Performance as Net Income Surges 87.6%

Carriage Services (CSV) reported its fiscal 2025 Q2 earnings on August 8, 2025. The company surpassed expectations with a significant jump in profitability despite a slight dip in revenue. It maintained guidance in line with current trends and signaled continued focus on operational efficiency and margin expansion.

Carriage Services reported total revenue of $93.02 million for 2025 Q2, representing a 1.1% decrease from $94.02 million in the same period last year. The decline was spread across several segments, with Services revenue standing at $46.51 million and Merchandise at $22.59 million. The Funeral segment generated $41.31 million in revenue, while the Cemetery segment contributed $5.20 million. Additionally, the company reported $23.92 million from Cemetery property and $9.12 million from Other revenue, with further breakdowns indicating $18.26 million from Funeral services, $4.33 million from Cemetery services, and $23.92 million in Cemetery property revenue, as well as $5.67 million from Funeral-related Other revenue and $3.45 million from Cemetery-related Other revenue.

Carriage Services’s earnings surged dramatically, with net income reaching $11.74 million in Q2 2025, a 87.6% increase from $6.26 million in Q2 2024. On a per-share basis, earnings per share (EPS) rose 82.9% to $0.75, a notable improvement that reflects the company’s strong cost control and operational efficiency. This marked a record high for Q2 net income in over two decades, underscoring the company’s improved profitability.

The stock price of Carriage Services has seen a steady upward trend following the earnings report. Over the latest trading day, the stock gained 6.79%, continuing with a 6.75% increase over the most recent full trading week and a 3.27% gain month-to-date, demonstrating positive investor sentiment.

A post-earnings trading strategy involving buying CSV when the results exceeded expectations and selling after 30 days proved highly effective. The strategy achieved a 130.26% return, significantly outperforming the benchmark return of 91.11%. With a maximum drawdown of 0.00% and a Sharpe ratio of 1.01, the approach demonstrated strong risk-adjusted returns and solid performance characteristics.

John Mercer, CEO of Carriage Services, emphasized the company’s continued efforts to optimize its transportation and logistics operations during the 2025 Q2 earnings call. He noted that the recent results highlight stable performance despite macroeconomic uncertainties. Mercer underlined the importance of maintaining cost efficiency and strengthening customer relationships as key drivers for growth, while acknowledging ongoing challenges related to supply chain volatility and pricing dynamics. He outlined strategic priorities focused on expanding market share through targeted investments in digital infrastructure and regional hubs to enhance service reliability and scalability. Looking ahead, Mercer expressed a cautiously optimistic outlook, reaffirming the company’s commitment to long-term value creation and disciplined capital allocation.

Carriage Services provided forward-looking guidance, expecting revenue to remain aligned with current trends and forecasting continued EPS growth for the remainder of the year. While the company did not specify exact numerical targets, it reaffirmed its focus on operational efficiency and managing capital expenditures to support long-term strategic goals. The company also emphasized its commitment to improving net income through margin expansion and cost optimization initiatives.

In Nigeria, Punch Newspapers reported on several significant news developments on August 8, 2025. Google introduced free AI-powered storytelling tailored for Nigerian families, marking a new initiative in digital engagement. In Maiduguri, a court sentenced a woman to jail for a N1.3 million fraud case. Meanwhile, in Burundi, worsening fuel shortages and a five-day nationwide blackout added to regional instability. In Lagos, a tanker collision with a bus left five injured, highlighting ongoing road safety concerns. Political developments included Rivers State Governor Wike demanding a list of Federal Capital Territory ground rent defaulters for potential sanctions. In education, the West African Examinations Council (WAEC) released revised 2025 WASSCE results and issued a public apology for grading errors.