Carriage Services, Inc. (CSV) Q3 2024 Earnings Call Transcript Summary
Carriage Services, Inc. (CSV) Q3 2024 Earnings Call Transcript Summary
Operating income from funeral home operations improved, with revenue per contract growing by $142 or 2.6%.The following is a summary of the Carriage Services, Inc. (CSV) Q3 2024 Earnings Call Transcript:
以下是Carriage Services, Inc. (CSV) 2024年第三季度業績會議電話交流摘要:
Financial Performance:
金融業績：
Total Q3 2024 revenue reached $100.7 million, marking an 11.3% increase, driven by organic growth and robust preneed cemetery sales.
Gross profit increased notably, with preneed cemetery sales jumping by 27.1% to $22.9 million.
Operating income from funeral home operations improved, with revenue per contract growing by $142 or 2.6%.
Adjusted consolidated EBITDA grew by 26.7% to $30.7 million, reflecting effective cost management and improved revenue per contract.
GAAP net income for Q3 was $9.9 million, up by $5.2 million, with GAAP diluted EPS at $0.63, marking a growth of 110%.
Adjusted diluted EPS reached $0.64, indicating an increase of 93.9% from the previous year.
2024年第三季度總營業收入達到$10070萬，同比增長11.3%，主要受有機增長和強勁售前墓地銷售推動。
毛利潤大幅增長，售前墓地銷售增長27.1%，達到$2290萬。
殯儀館運營收入有所改善，每份合同收入增長$142，增幅爲2.6%。
調整後的綜合息稅折舊及攤銷前利潤（EBITDA）增長26.7%，達到$3070萬，反映了有效的成本管理和每份合同收入的改善。
2024年第三季度根據普通會計準則計算的淨利潤爲$990萬，比上年增長$520萬，普通會計準則下的攤薄後每股收益爲$0.63，增長110%。
調整後的攤薄後每股收益爲$0.64，較上年增長93.9%。
Business Progress:
業務進展：
Undertaking a strategic overhaul in urn and casket supply, focusing on refining merchandise options to enhance client service and operational efficiency.
Advanced our leadership development and ERP (Enterprise Resource Planning) implementation, aimed at streamlining operations and improving customer interactions.
Raised 2024 full-year guidance based on continuous strong performance, adjusting revenue expectations to $395 million to $405 million and adjusted consolidated EBITDA to $120 million to $125 million.
重點對墳墓和靈柩供應進行戰略性大修，專注於優化商品選項以提升客戶服務和運營效率。
推動我們的領導力發展和ERP（企業資源規劃）實施，旨在優化運營並改善客戶互動。
根據持續強勁表現，提高了2024年全年指引，調整營業收入預期至$39500萬至$40500萬，調整綜合攤薄息稅折舊及攤銷前利潤（EBITDA）至$12000萬至$12500萬。
Opportunities:
機會：
The recently amended credit agreement enables lower interest expenses, providing the opportunity to redistribute savings into strategic growth areas.
The strong performance in preneed cemetery sales enhances opportunities for further market penetration and revenue growth in this segment.
最近修訂的信貸協議降低了利息支出，爲資金重新分配到戰略增長領域提供機會。
預先安排的公墓銷售強勁表現，增加了進一步滲透市場和該領域營業收入增長的機會。
Risks:
風險：
The report mentions a cautious projection for Q4 2024 due to potential economic uncertainties and operational adjustments resulting from divestitures.
報告提到對2024年第四季度持謹慎態度，原因是潛在的經濟不確定性和由於資產剝離而導致的運營調整。
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。
