Earnings Call Summary | Carriage Services(CSV.US) Q2 2024 Earnings Conference
Earnings Call Summary | Carriage Services(CSV.US) Q2 2024 Earnings Conference
Net income decreased by $2 million, but adjusted net income showed a 20.1% increase once adjusted for nonrecurring expenses.The following is a summary of the Carriage Services, Inc (CSV) Q2 2024 Earnings Call Transcript:
以下是Carriage Services公司（簡稱CSV）2024年第二季度業績會議通話記錄摘要：
Financial Performance:
金融業績：
Q2 revenue grew by 4.8% to $102.3 million, marking the second time the company surpassed $100 million in a quarter.
Preneed cemetery sales increased by 31.1%, and funeral average revenue per contract rose by $212 or 4%.
Net income decreased by $2 million, but adjusted net income showed a 20.1% increase once adjusted for nonrecurring expenses.
Total funeral operating revenue slightly decreased by 0.9% to $59.2 million due to a volume decline.
Cemetery operating revenue increased by 20.6% to $34.8 million with a significant 32.6% rise in cemetery field EBITDA.
Financial revenue grew by 16.9% to $7.1 million, driven by a 251% increase in general agent commissions from preneed funeral sales.
第二季度營業收入增長4.8％，達到1.023億美元，這是該公司第二次在一個季度內超過1億美元。
預先規劃的公墓銷售增長了31.1％，殯儀服務合同平均收入增加了212美元或4％。
淨利潤下降了200萬美元，但調整後的淨利潤由於非經常性支出的調整而顯示出20.1％的增長。
由於成交量下降，總殯儀服務營業收入略微下降0.9％，達到5,920萬美元。
公墓營業收入增加了20.6％，達到3,480萬美元，並且公墓領域EBITDA（收益前利息稅折舊和攤銷）顯著增長32.6％。
金融收入增長了16.9％，達到710萬美元，這是由於預先規劃的殯葬銷售中總代理佣金增長了251％。
Business Progress:
業務進展：
Executed strategic objectives leading to solid financial performance, including enhancements in funeral service pricing strategies and preneed sales.
Continued emphasis on disciplined capital allocation and supply chain strategy improvements.
Optimizing operational efficiencies through reengineering supply chain strategies, expecting phased results starting in 2025.
執行戰略目標帶來了良好的財務業績，包括殯儀服務定價策略和預先規劃銷售的改進。
繼續強調紀律型資本配置和供應鏈戰略改進。
通過重新設計供應鏈策略來優化運營效率，預計2025年開始逐步實現成果。
Opportunities:
機會：
Expanding cemetery operations and leveraging strategic innovations in funeral service offerings provide significant growth opportunities.
Expected savings from reengineered supply chain strategies in merchandise procurement could further boost profitability.
擴大公墓經營，並利用殯儀服務方面的戰略創新，提供重大增長機會。
預計通過重新設計供應鏈策略在商品採購方面的節約可能進一步增強盈利能力。
Risks:
風險：
Potential fluctuations in volume continue, with expected normalization by Q1 2025.
量的波動仍會持續，預計到2025年第一季度將正常化。
More details: Carriage Services IR
更多詳情請參考Carriage Services IR網站。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。