Carriage Services, Inc. · NYSE:CSV
Carriage Services — Q1 2026 Earnings Presentation
11 slides from Carriage Services's earnings presentation, May 2026
Slide 1: Investor Presentation
M AY 2 0 2 6 Investor Presentation A L L R I G H T S R E S E R V E D
Slide 2: Notice to Investors
Notice to Investors Certain statements made herein or else whereby, or on behalf of, the Company that are not historical facts are intended to be forward‐looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
Slide 3: Our Long-Term Strategic Framework
Our Long-Term Strategic Framework 1 3 2 Disciplined Capital Allocation Purposeful Growth Relentless Improvement • Evolution of legacy • 10 - 20% targeted CAGR in • 3.5x - 4.0x long-term systems with Trinity preneed sales, enabling a leverage target range • Newly formed stronger pre-need backlog • Ta
Slide 4: CSV Q1 2026 Execution Highlights
CSV Q1 2026 Execution Highlights Funeral Cemetery Other 1.7% growth in comparable 9.0% growth in Q1 2026 vs. average revenue per contract Q1 2025 comparable cemetery Project Trinity underway with (1) Q1 2026 vs. Q1 2025 preneed sales driven by strong testing of contract and tracking sales prod
Slide 5: Q1 2026 At A Glance
Q1 2026 At A Glance Q1 2026 Company Overview Q1 Financial Highlights YTD Q1 YTD Q1 $ in mm, unless per share amounts 2026 2025 • Ticker: CSV (NYSE) Total Revenue $106.1 $107.1 • Market cap: ~$781 mm(1) NYSE listed • One of two publicly traded funeral and cemetery Total Field EBITDA $48.4 $48.2 servi
Slide 6: Cash Flow YTD Q1 2026 Overview
Cash Flow YTD Q1 2026 Overview $ in 000s $24,625 Cash flow returned to shareholders $16 ($9,727) ($3,896) ($6,314) ($1,772) $1,688 $2,908 ($1,712) (1) YE 2025 Cash Operating Cash Flow Working Capital Proceeds from divestitures Capital Expeditures Net Movement in Dividends Other Investing/Financing Q
Slide 7: Long-Term Growth Profile
Long-Term Growth Profile Total Revenue & Adjusted Consolidated EBITDA Margin Adjusted Diluted EPS $ in millions $420 $415 $404 $417 $3.20 $410 $383 $405 $376 $400 $370 $395 39% $3.02 $390 $385 $380 $375 $370 $365 $360 $355 $350 $329 $2.65 $345 $2.61 $340 $335 $330 $325 $320 $315 $310 $305 $300 $274
Slide 8: Appendix
Appendix A L L R I G H T S R E S E R V E D D E P A R T M E N T 8
Slide 9: Appendix: 2026 Outlook
Appendix: 2026 Outlook Full Year 2026 Outlook $ in mm, unless per share amounts 2026 Outlook(1) Total Revenue $440 - $450 Adjusted Consolidated EBITDA(2) $135 - $140 Adjusted Diluted EPS(2) $3.35 - $3.55 Adjusted Free Cash Flow(2)(3) $40 - $50 Capital Expenditures $25 - $30 (1) Includes the expected
Slide 10: Appendix: Reconciliation of Non-GAAP measures
Appendix: Reconciliation of Non-GAAP measures(1) Operating Income to Adjusted Consolidated EBITDA Cash Provided by Operating Activities to Adjusted and Adjusted Consolidated EBITDA Margin Free Cash Flow $ in thousands $ in thousands YTD Q1 2026 YTD Q1 2025 YTD Q1 2026 YTD Q1 2025 Operating income $
Slide 11: Appendix: Reconciliation of Non-GAAP measures
Appendix: Reconciliation of Non-GAAP measures(1) Operating Income to Adjusted Consolidated EBITDA and Adjusted Consolidated EBITDA Margin(2) $ in thousands 2015 2016 2017 2018 2019 2019 2021 2022 2023 2024 2025 Operating income $ 48,648 $ 50,204 $ 48,941 $ 43,307 $ 47,443 $ 47,443 $ 93,660 $ 79,726