CSV Q3 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, April 21, 2026 astatine 11:56 AM CDT 27 min read

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Thursday, November 6, 2025 astatine 9 a.m. ET

• Chief Executive Officer — Carlos Quezada

• Chief Financial Officer — John Enwright

Carlos Quezada: Thank you, Steve. Good morning, everyone, and convey you for joining our 3rd 4th net call. I americium excited to stock our show and the advancement we are making towards our 2030 vision. This 4th reflects continued momentum and demonstrates the effectiveness of our strategical objectives, grounded successful disciplined superior allocation, relentless betterment and purposeful growth, which proceed to present meaningful and sustainable results. During this call, I volition item the cardinal fiscal and operational drivers. Then John volition instrumentality a deeper dive into our fiscal performance, equilibrium sheet, caller divestiture enactment and guidance for the remainder of the year. Before we begin, I privation to convey our unthinkable Carriage team.

Your passion, ownership mindset and unwavering committedness to creating premier experiences for the families and communities we service are astatine the bosom of this company. You proceed to physique a best-in-class civilization rooted successful trust, concern and work excellence. Through each premier experience, you elevate the estimation of our ceremonial homes and cemeteries crossed the country, 1 household astatine a time. Thank you. I besides privation to invited the newest members of the Carriage family, Faith Chapel Funeral Homes and Crematory, Osceola Memory Gardens Cemetery Funeral Homes and Crematory, Porta Coeli Funeral Home and Crematory, Fisk Funeral Home and Crematory, Funeraria Borinquen and Cremation Care Providers of Central Florida. We are honored you chose to spouse with Carriage.

We volition enactment each time to support and elevate your legacy. Welcome to the team. Now turning to our fiscal results. Total operating gross for the 4th grew to $101.3 million, an summation of 5.2% implicit the aforesaid play past year, chiefly driven by an awesome 21.4% year-over-year summation successful preneed cemetery sales. Another beardown operator was wide bureau committee gross tied to insurance-funded prearranged ceremonial sales, which grew to $2.6 million, up 61% from past year's 3rd quarter. As we look astatine each segment, ceremonial operating gross was down $753,000 oregon 1.3%, chiefly driven by a 2.1% simplification successful ceremonial volume. The summertime months, July and August produced little volumes than expected.

However, we're gladsome to spot measurement instrumentality to mean successful September. And based connected what we person seen successful October, we expect a normalized measurement inclination to proceed successful the 4th quarter. As it relates to our cemetery segment, it continues to beryllium a cardinal semipermanent worth motor with operating gross reaching $35.6 million, an summation of $4 cardinal oregon 12.6% year-over-year. This show underscore a beardown runway for purposeful maturation arsenic we proceed our concern successful spot development, technology-enabled income capabilities and deepening assemblage relationships, which we judge volition make enduring worth for families and our shareholders.