Carriage Services sets $410M-$420M revenue target for 2025, expects 10%+ cemetery growth through acquisitions

Carriage Services expects revenue of $410-$420M in 2025, with 10%+ cemetery growth, driven by strategic acquisitions and strong execution. CEO Carlos Quezada emphasizes the success of the company's strategy and the power of execution across all levels of the organization.

Carriage Services Inc. (CSV) released its Q2 2025 earnings report, revealing mixed results that included revenue exceeding expectations but a significant shortfall in earnings per share (EPS). The company reported revenue of $102.15 million, slightly surpassing the forecast of $101.36 million. However, EPS came in at $0.43, falling short of the projected $0.75, marking a surprise of -42.67% [2].

Despite the EPS miss, the company's stock price showed resilience, closing at $46.21, a 1.99% increase from the previous day's close. This indicates that investors remained optimistic about the company's long-term prospects. The company's strong financial health score of "GOOD" from InvestingPro data further supports this optimism [2].

The company's Q2 2025 revenue was stable, with a year-over-year increase of 0.6%. Funeral operating revenue grew by 1.4% to $59.6 million, while cemetery operating revenue declined by 0.6% to $33.5 million. Financial revenue experienced a significant boost of 18.8%, reaching $8.2 million. GAAP net income surged by 85.7% to $11.7 million, indicating improved profitability despite a minor decrease in adjusted consolidated EBITDA [2].

Carriage Services' CEO, Carlos Quezada, emphasized the success of the company's strategy and the power of execution across all levels of the organization. The company expects revenue of $410-$420 million in 2025, with 10%+ cemetery growth driven by strategic acquisitions and strong execution [1].

The company's strategic initiatives include new product launches and service enhancements, which are expected to contribute to its growth. The company's focus on preneed sales, which are advance planning products, is also a key growth driver. Preneed sales volume in the cemetery segment was weak in the first quarter, but the company expects to return to its goal of 10% to 20% year-over-year growth in preneed cemetery sales starting in the second quarter [1].

The company's ability to maintain stable revenue despite the industry pressures and volume trends indicates its strong market position. The company's focus on local-market reputation to differentiate itself in the face of growing cremation rates, changing consumer preferences, and continued competition from low-cost providers is also a key factor in its success [1].

In conclusion, while Carriage Services' Q2 2025 earnings report showed a significant shortfall in EPS, the company's revenue exceeded expectations, and its stock price remained resilient. The company's strong financial health and strategic initiatives provide a solid foundation for its growth prospects in 2025.

References:
[1] https://www.nasdaq.com/articles/carriage-services-csv-q2-eps-jumps-18
[2] https://www.investing.com/news/transcripts/earnings-call-transcript-carriage-services-misses-eps-forecast-stock-steady-q2-2025-93CH-4177927