Carriage Services delivered solid third-quarter results, with total operating revenue increasing 5.2% year-over-year to $101.3 million, bolstered by a significant 21.4% rise in preneed cemetery sales and strong growth in general agency commission revenue.
- Preneed cemetery sales surged 21.4% year-over-year, reflecting renewed momentum and robust demand.
- Adjusted consolidated EBITDA rose to $33 million, marking a 7.3% increase, with margins expanding by 160 basis points to 32.1%.
- Adjusted diluted earnings per share increased 17.2% to $0.75 from $0.64 in the prior year, emphasizing effective operational strategies and financial management.
- The company is set to enhance sales capabilities through the launch of Sales Edge 2.0 and Titan, an AI-powered sales agent, aimed at further accelerating growth in preneed sales.
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