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Carriage Services Inc (CSV) SEC Filing 10-Q Quarterly report for the period ending Saturday, September 30, 2017

Carriage Services Inc

CIK: 1016281 Ticker: CSV


csvlogoa12.jpg
 
CARRIAGE SERVICES ANNOUNCES THIRD QUARTER 2017 RESULTS AND
RAISES ROLLING FOUR QUARTER OUTLOOK
HOUSTON – October 25, 2017 – Carriage Services, Inc. (NYSE: CSV) today announced results for the third quarter ended September 30, 2017.
Mel Payne, Chief Executive Officer, stated, “The third quarter marked a challenging time for our company and many of the communities we serve as Hurricanes Harvey and Irma swept across southern Texas and Florida. What we witnessed over the past few months was the remarkable and inspiring CAN DO SPIRIT of the affected communities whose leadership at all levels including federal, state and local showed the country strength and resilience at its best under difficult circumstances. I want to especially express my heartfelt appreciation and gratitude to all the employees in our home office support center and operating businesses that were affected, some of whom suffered personal devastation in their homes but all of whom demonstrated what Carriage’s High Performance Culture is all about during the storms and historic floods by continuing to serve their client families and local communities.
Remarkably, our home office support teams and systems continued to remain online serving our businesses throughout the crisis, a qualitative testimonial to our Mission of Being The Best. I want to take this opportunity on behalf of our senior leadership and Board to publicly thank all of the members of the Carriage Family of businesses and the many friends of our Carriage Family who reached out with their thoughts, prayers, sympathies and offers of support.
Third quarter highlights are shown below:
Three Months Ended September 30, 2017 compared to Three Months Ended September 30, 2016
Record Total Revenue of $61.1 million, an increase of 1.5%;
Net Income of $3.0 million, a decrease of 46.5%;
GAAP Diluted Earnings Per Share of $0.17, a decrease of 48.5%;
Total Field EBITDA of $23.0 million, a decrease of 5.9%;
Total Field EBITDA Margin down 300 basis points to 37.7%;
Adjusted Consolidated EBITDA of $14.1 million, a decrease of 17.4%;
Adjusted Consolidated EBITDA Margin down 540 basis points to 23.1%;
Adjusted Net Income of $4.4 million, a decrease of 41.1%; and
Adjusted Diluted Earnings Per Share of $0.25, a decrease of 41.9%.
Nine Months Ended September 30, 2017 compared to Nine Months Ended September 30, 2016
Record Total Revenue of $193.1 million, an increase of 4.2%;
Net Income of $14.5 million, a decrease of 6.0%;
GAAP Diluted Earnings Per Share of $0.81, a decrease of 11.0%;
Record Total Field EBITDA of $77.8 million, an increase of .7%;
Total Field EBITDA Margin down 140 basis points to 40.3%;
Adjusted Consolidated EBITDA of $51.2 million, a decrease of 6.5%;
Adjusted Consolidated EBITDA Margin down 310 basis points to 26.5%;
Adjusted Net Income of $18.0 million, a decrease of 17.2%; and
Adjusted Diluted Earnings Per Share of $1.00, a decrease of 21.9%.


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The following information was filed by Carriage Services Inc (CSV) on Wednesday, October 25, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows (unaudited)
Consolidated Statements Of Operations (unaudited)
Acquisitions (narrative) (details)
Acquisitions Acquistions (purchase Price Allocation) (details)
Basis Of Presentation And Summary Of Significant Accounting Policies
Basis Of Presentation And Summary Of Significant Accounting Policies (operations) (details)
Basis Of Presentation And Summary Of Significant Accounting Policies (policies)
Basis Of Presentation And Summary Of Significant Accounting Policies (ppe) (details)
Basis Of Presentation And Summary Of Significant Accounting Policies (tables)
Cemetery Perpetual Care Trust Investments
Cemetery Perpetual Care Trust Investments (cost And Fair Market Values Associated With The Trust Investments Held In Perpetual Care Trust Funds) (details)
Cemetery Perpetual Care Trust Investments (estimated Maturities Of Fixed Perpetual Care Trust Income Securities) (details)
Cemetery Perpetual Care Trust Investments (perpetual Care Trust Investment Security Transactions Recorded In Cemetery Revenue) (details)
Cemetery Perpetual Care Trust Investments (perpetual Care Trust Investment Security Transactions Recorded In Interest Income And Other, Net) (details)
Cemetery Perpetual Care Trust Investments (purchases And Sales Of Investments In Perpetual Care Trusts) (details)
Cemetery Perpetual Care Trust Investments (tables)
Cemetery Perpetual Care Trust Investments (the Components Of Care Trusts' Corpus) (details)
Cemetery Perpetual Care Trust Investments (unrealized Losses On Perpetual Care Trust Investments) (details)
Cemetery Perpetual Care Trust Investments Cemetery Perpetual Care Trust Investments (narrative) (details)
Convertible Subordinated Notes
Convertible Subordinated Notes (details)
Convertible Subordinated Notes (tables)
Convertible Subordinated Notes Convertible Subordinated Notes (narrative) (details) (details)
Earnings Per Share
Earnings Per Share (eps Computations) (details)
Earnings Per Share (tables)
Fair Value Measurements
Fair Value Measurements (narrative) (details)
Goodwill (changes In Goodwill) (details)
Intangible And Other Non-current Assets
Intangible And Other Non-current Assets (details)
Intangible And Other Non-current Assets (tables)
Long-term Debt
Long-term Debt (long-term Debt Table) (details)
Long-term Debt (narrative) (details)
Long-term Debt (tables)
Major Segments Of Business
Major Segments Of Business (revenue, Pre-tax Income And Total And Total Assets By Segments) (details)
Major Segments Of Business (tables)
Preneed Cemetery Receivables
Preneed Cemetery Receivables (aging Of Past Due Financing Receivables) (details)
Preneed Cemetery Receivables (narrative) (details)
Preneed Cemetery Receivables (preneed Cemetery Receivables) (details)
Preneed Cemetery Receivables (tables)
Preneed Trust Investments
Preneed Trust Investments (components Of Preneed Cemetery Trust Investments) (details)
Preneed Trust Investments (components Of Preneed Funeral Trust Investments) (details)
Preneed Trust Investments (cost And Fair Market Values Associated With Preneed Cemetery Trust Investments) (details)
Preneed Trust Investments (cost And Fair Market Values Associated With Preneed Funeral Trust Investments) (details)
Preneed Trust Investments (estimated Maturities Of Fixed Preneed Cemetery Trust Income Securities) (details)
Preneed Trust Investments (estimated Maturities Of Fixed Preneed Funeral Trust Income Securities) (details)
Preneed Trust Investments (preneed Cemetery Trust Investment Security Transactions) (details)
Preneed Trust Investments (preneed Funeral Trust Investment Security Transactions) (details)
Preneed Trust Investments (purchases And Sales Of Investments In Preneed Cemetery Trusts) (details)
Preneed Trust Investments (purchases And Sales Of Investments In Preneed Funeral Trusts) (details)
Preneed Trust Investments (tables)
Preneed Trust Investments (unrealized Losses On Cemetery Merchandise And Service Trust Investments) (details)
Preneed Trust Investments (unrealized Losses On Preneed Funeral Trust Investments) (details)
Preneed Trust Investments Preneed Trust Investments (narrative) (details)
Receivables From Preneed Trusts
Receivables From Preneed Trusts (narrative) (details)
Receivables From Preneed Trusts (receivables From Preneed Funeral Trust Funds) (details)
Receivables From Preneed Trusts (tables)
Receivables From Preneed Trusts Receivables From Preneed Trusts (composition Of Assets Held In Trusts) (details)
Recently Issued Accounting Standards
Related Party Transactions
Related Party Transactions (details)
Stockholders' Equity
Stockholders' Equity (aoci) (details)
Stockholders' Equity (espp) (details)
Stockholders' Equity (narrative) (details)
Stockholders' Equity (tables)
Stockholders' Equity Stockholders' Equity (stock-based Compensation Plans) (details)
Subsequent Events
Subsequent Events (details)
Supplementary Data
Supplementary Data (details)
Supplementary Data (tables)

Material Contracts, Statements, Certifications & more

Carriage Services Inc provided additional information to their SEC Filing as exhibits

Ticker: CSV
CIK: 1016281
Form Type: 10-Q Quarterly Report
Accession Number: 0001016281-17-000104
Submitted to the SEC: Wed Oct 25 2017 4:59:17 PM EST
Accepted by the SEC: Wed Oct 25 2017
Period: Saturday, September 30, 2017
Industry: Personal Services

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