Carriage Services (CSV) Tops Q1 EPS by 1c, Miss on Revenues

Carriage Services (NYSE: CSV) reported Q1 EPS of $0.59, $0.01 better than the analyst estimate of $0.58. Revenue for the quarter came in at $73.4 million versus the consensus estimate of $75.27 million.

Three Months Ended March 31, 2018 compared to Three Months Ended March 31, 2017

• Record Total Revenue of $73.4 million, an increase of 7.7%;
• Record Net Income of $9.4 million, an increase of 32.1%;
• Record GAAP Diluted Earnings Per Share of $0.52, an increase of 33.3%;
• Record Total Field EBITDA of $31.2 million, an increase of 5.8%;
• Total Field EBITDA Margin down 70 basis points to 42.6%;
• Record Consolidated EBITDA of $22.4 million, an increase of 9.2%;
• Consolidated EBITDA Margin up 40 basis points to 30.6%;
• Record Adjusted Net Income of $10.5 million, an increase of 29.5%;
• Record Adjusted Diluted Earnings Per Share of $0.59, an increase of 31.1%; and
• Record Free Cash Flow of $13.4 million, an increase of 110.4%.

For earnings history and earnings-related data on Carriage Services (CSV) click here.

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