While it certainly is speculation on their part, one research contributor at Seeking Alpha, Caffital Research, says this about publicly held funeral home and cemetery operator Carriage Services, “The company has been quiet on the M&A front to improve the financial position throughout 2024, but with debt levels reaching a more desirable level, 2025 could return Carriage Services’ M&A activity.”

The article which was dated January 15, 2024, can be found here. 

While Funeral Director Daily will refrain from giving our own comments on the company, here are a couple of quotes from the article:

 

• “In the most recently reported Q3 report, revenues grew 11.3% year-on-year through strategic pricing increases in funeral contracts, and more notably, rapid growth in sold preneed interment rights – revenues from preneeds continued to grow at a rapid 27.1% pace in the quarter after strong momentum in previous quarters as well.” 

 

• “Although Carriage Services’ strategy focuses on consolidating the highly fragmented industry through accretive M&A, the company stayed quiet on the M&A front for the entirety of 2024, even divesting some non-core assets.”

 

• “Carriage Services’ operations have shown solid momentum organically with good pricing increases and growing demand in cemetery preneeds, also carrying into underlying profitability.”

 

Disclaimer — The author of this article for Funeral Director Daily is a shareholder of Carriage Services.

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