Carriage Services announced its financial results for the second quarter ended June 30, 2025, reporting GAAP net income growth of $5.5 million, or 85.7%, over the prior year quarter. GAAP diluted EPS reached $0.74, and adjusted diluted EPS was $0.74, compared to $0.40 in Q2 2024 and $0.63 in Q1 2025.
Total revenue remained flat year-over-year, but increased by $1.8 million, or 1.7%, when excluding the impact of first-quarter divestitures. The company highlighted its success in paying down over $100 million of debt over the past two years, strengthening its balance sheet.
Carriage Services announced it is under contract to acquire new businesses, which are anticipated to close in the third quarter of 2025. These premier locations collectively served over 2,600 families and generated more than $15 million in revenue last year, marking a return to the company's long-term strategy of value-adding acquisitions.
Following these developments, the company raised its full-year 2025 guidance. Total revenue is now projected between $410 million and $420 million, Adjusted Consolidated EBITDA between $130 million and $135 million, and Adjusted Diluted EPS between $3.20 and $3.40. Adjusted Free Cash Flow is expected to be in the range of $45 million to $55 million, with the leverage ratio targeted to improve to 3.5x to 3.6x by year-end 2025.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.