Page A23 September 2022 FUNERAL HOME & CEMETERY NEWS Se c t i on A NEW! Bier Pin Packages www.GBURNSLLC.com Order online and use code NOMIS10 to save 10%* *Offer expires 12/31/2022. Valid for online purchases only. Not valid on past purchases or redeemable for cash. Cannot be combined with other offers. Funeral Vehicle Accessories MANUFACTURING WITH PRIDETM AMERICANCREMATORY.COM R4 PROCESSOR A-3000 PROCESSING STATION • REFRACTORY REPAIRS • MAINTENANCE • SALES • SERVICE The R4 program is the most comprehensive and streamlined metallic recycling process for anyone in the crematory industry. Scan the QR code to learn more! ©2021 American Crematory Equipment Co. 14530 Anson Avenue, Santa Fe Springs, CA 90670 All rights reserved. Access The New R4 Program with the American Crematory mobile app! Contact us today! 1-800-396-2254 NEW A-350 ”HOT HEARTH” CREMATION UNIT Search “American Crematory” in your preferred app store and look for this icon! Carriage Services Second Quarter and Six Months Results Carriage Services Announces Acquisition of Funeraria San Juan Funeral Homes in Kissimmee, Florida HOUSTON,TX— Carriage Services, Inc. (NYSE: CSV) is pleased to announce that it has acquired substantially all the assets of Funeraria San Juan, a business consisting of two stand-alone funeral homes located in Kissimmee, Florida, 20 minutes south of Orlando. “When I decided to look for a succession plan, I ended up with several offers and ultimately selected Carriage because of their history, reputation, and because I believe they will take great care of our people. This process has been an extremely smooth one and I am excited to see how San Juan continues to grow with Carriage’s support and leadership,” stated Fred Richardt, former owner of San Juan for the past 22 years and prior owner of Florida Mortuary Services for 30 years. “We are excited to welcome the San Juan team to the Carriage Family and we look forward to supporting the tremendous work they have done in growing their business to serve more than 800 families last year. The addition of San Juan aligns well with our focus on partnering with the best remaining independent funeral and cemetery businesses located in high growth markets with significant upside potential. We are honored that Fred has selected Carriage to continue to build upon the strong foundation that he, Bob Healey, and their team have built,” said Mel Payne, Chief Executive Officer of Carriage Services. For more information, visit www. carriageservices.com. HOUSTON,TX— Carriage Services, Inc. (NYSE: CSV) announced results for the second quarter and six months ended June 30, 2022. The highlights included a Second Quarter Revenue of $90.6 million, GAAP Diluted EPS of $0.69 and Adjusted Diluted EPS of $0.58. Mel Payne, Chairman and CEO, stated, “Highlights of our second quarter performance included funeral volumes that were up over the COVID-19 elevated levels of last year, and all five reporting segments of Field Revenue that were higher than last year with Total Revenue up $2.3 million or 2.6% to a second quarter record of $90.6 million. However, our Field EBITDA declined $1.4 million, and Field EBITDA Margin declined 270 basis points to 42.6%, declines that were attributable to a $1.4 million Field EBITDA decline in our Same Store Cemetery Portfolio, where we are continuing to make top-grading talent changes and capital allocation investments in cemetery product development for sustainable and broadly higher performance in the future.” Quarterly Cash Dividend Declared Carriage Services announced that its Board of Directors on July 20, 2022 declared a quarterly dividend of 11.25¢ per share payable on September 1, 2022 to common share record holders as of August 8, 2022. Carriage Services is a leading provider of funeral and cemetery services and merchandise in the United States. Carriage operates 167 funeral homes in 26 states and 31 cemeteries in 11 states. For full results and more information, visit www.carriageservices.com. CLOSEOUTPRICING! ON THE 2022 EDITIONS 1-800-321-7479 www.nomispublications.com @Nomis.Publ ications Like us on
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