📈 Popular:

Broker of the month

Top 27 Regulated Forex Brokers

Forex No Deposit Bonuses

Promotions

⚡ Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

Best Brokers

1st Place

2nd Place

3rd Place

4th Place

5th Place

Carriage Services

 

Buy Carriage Services stocks

CARRIAGE SERVICES (CSV) Stocks

ABOUT CARRIAGE SERVICES

Carriage Services, Inc. is a death care services company in the United States. It operates out of two different divisions. Its Funeral Home Operations division offers traditional burial services and cremation, removal of remains and consultations.

Caskets and urns can also be bought. The company’s Cemetery Operation division offers interment services in grave sites, niches and mausoleums.

The company’s portfolio consists of 210 businesses, 29 cemeteries in 11 states and 182 funeral homes in 29 states. Carriage provides cemetery and funeral services in rural as well as suburban areas. It also maintains funeral and cemetery trusts, preneed cemetery merchandise, perpetual trusts and other services.

Carriage Services, Inc. is headquartered in Houston, Texas. The company employs nearly 1 100 people.

HISTORY OF CARRIAGE SERVICES

  • In 1991 Carriage Services, Inc. is founded by Melvyn Payne and Mark Duffey. The company grows rapidly by buying local cemeteries and funeral homes. Sales are US Dollar 1.8 million and in 1993 it exceeds US Dollar 11.3 million. By 1996 the company operates 60 funeral homes in 13 states across the United States.
  • In 1996 Carriage starts trading publicly. It sells 3.4 million shares in its initial public offering. The company uses the funds raised by its initial public offering and buys more businesses, expanding its portfolio greatly. In 1997 alone the company purchases 21 funeral homes for a combined price of US Dollar 188 million.
  • Carriage soon becomes the fifth largest publicly traded funeral services company in the country. It merges with Florida’s Forest Lawn/Evergreen Management Corporation, adding several cemeteries and funeral homes to its portfolio in the Florida area.
  • Sales exceeds US Dollar 77.4 million in 1997.
  • In 1998 the company grows with 7 cemeteries and 48 funeral homes. It buys Sessions Group, Inc., providing the opportunity to host training programs.
  • By 2000 Carriage is the fourth largest cemetery and funeral home company in the United States, operating nearly 40 cemeteries and 180 funeral homes in 30 states across the country. The next few years is a series of acquisitions and the company grows considerably.

VISION & VALUES OF CARRIAGE SERVICES

  • Carriage Services, Inc. is committed to offering the best care with high ethical standards to its customers. It strives to be the most professional funeral and cemetery services company in the industry.
  • Carriage follows strict guiding principles when conducting business. The company values honesty, quality and integrity. The company and its employees also values hard work and prides itself in its accomplishments and shared success.
  • Carriage is driven by growth and offers long term value to its shareholders.

MARKET PERFORMANCE OF CARRIAGE SERVICES

  • Carriage Services, Inc. trades on the New York Stock Exchange under the NYSE stock symbol “CSV”.
  • Data analysis for the company’s quarterly period ending June 30, 2019 reports total assets of US Dollar 917,502 thousand and a revenue of US Dollar 47,022 thousand.
  • Cash and cash equivalents are US Dollar 644 thousand. Gross profit is US Dollar 16,825 thousand and net income is US Dollar 2,747 thousand.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

You might also like

Best Consumer Discretionary Stocks in Kenya

Retail and distribution opportunities in Africa’s developing economies are highly attractive to multinational corporations. Increasing household spending, which is forecast to reach $2.5 trillion by

Exclusive Markets Review

    Overall, Exclusive Markets offer traders a choice between three live account types, namely a Standard Account, Pro Account, and an Exclusive Account. Exclusive

eXcentral Review

  Overall, eXcentral offers the following account types: There are four account types offered at eXcentral: Classic, Silver, Gold, and VIP.eXcentral offers two trading platforms,

ForexMart Review

  Overall, ForexMart is considered a trustworthy, low-risk broker with leverage from 1:500, low fixed spreads from 0.0, minimal lot of 0.01, and a minimum deposit of $15