Page A23 December 2022 FUNERAL HOME & CEMETERY NEWS Se c t i on A There is still time to join us for the 2023 DEAD Talks, the premier event for family counselors and sales professionals in deathcare. Start the new year off right with educational sessions lead by sales experts and plenty of networking. Register today at iccfa.com/sales. January 11–13, 2023 Bally’s Las Vegas • Las Vegas, NV HOUSTON,TX—Carriage Services, Inc. (NYSE: CSV) announced results for the third quarter and nine months ended September 30, 2022. Third Quarter Total Revenue of $87.5 million and Adjusted Diluted EPS of $0.45 represents a decrease of 7.9% and 45.1%, respectively. Mel Payne, Chairman and CEO, stated, “Our Adjusted Diluted EPS, Adjusted Consolidated EBITDA, and Adjusted Free Cash Flow for the third quarter and nine months of 2022 are materially below those of our record performance metrics in 2021, yet our volumes, revenues and other performance metrics are mostly higher than Carriage Announces Acquisition of Heritage Funeral and Cremation Services and Forest Lawn East Cemetery HOUSTON,TX— Carriage Services, Inc. (NYSE: CSV) is pleased to announce that it has acquired substantially all the assets of Heritage Funeral and Cremation Services and Forest Lawn East Cemetery, a business consisting of three stand-alone funeral homes, a cemetery, and a cremation focused business, located in the Charlotte, North Carolina market. “When we started considering our options for a succession plan, we knew exactly the type of company we had in mind. We wanted a company that would respect us and what our team had built and would allow us the flexibility to continue operating as we always had to achieve our goals and serve our families. We were able to find all that and more with Carriage and the transition has been seamless thanks to their approach in blending us into their operation. I cannot wait to see what the future holds for all of us,” stated Harris High and Carolyn Williams, former owners of Heritage Funeral and Cremation Services and Forest Lawn East Cemetery for the last 25 and 51 years, respectively. “As we have gotten to know Harris and Carolyn, we have had the good fortune to learn more about their passion for Heritage, Forest Lawn East, their community and their team. We are committed to protecting and building upon that passion and the legacy that they, along with Carolyn’s father, have built over the years. “The addition of Heritage, as a leader serving more than 1,200 families a year in one of the fastest growing markets in the country, aligns well with our focus on partnering with the best remaining independent funeral and cemetery businesses in high growth strategic markets. We are honored that Harris and Carolyn have selected Carriage and we look forward to supporting the Heritage team in the years to come,” stated Steve Metzger, Executive Vice President and Chief Administrative Officer for Carriage Services. Carriage Announces Third Quarter Results; New Vice President for East Region in addition to her leadership coach/mentor style, will be transformational for the East Region. The company also welcomes JeremyWeaver, who joined Carriage as a Director of Operations Support for the East Region on May 23, 2022. Jeremy has over 25 years of death care experience, including other consolidators. He is a graduate of the Dallas Institute of Funeral Service. Chad Frye joined our Carriage Good to Great Journey as Director of Operations Support for the East Region on August 1, 2022. Chad has over 25 years of funeral service industry experience and has held various operational positions with oversight over multiple funeral homes, cemeteries, and crematory operations. He holds a bachelor’s degree in business management fromWestern Governors University and an associate degree in funeral service from Piedmont Technical College. We welcome Robbie, Jeremy and Chad to Carriage. Carriage Services is a leading provider of funeral and cemetery services and merchandise in the United States. Carriage operates 173 funeral homes in 26 states and 32 cemeteries in 11 states. For more information, please visit www.carriageservices.com. 2019 and even 2020.” Carlos Quezada, President and Chief Operating Officer stated, “From April 2020 through June 2022, we experienced elevated volumes and excess deaths due to a oncein-a-lifetime COVID-19 pandemic. As Mel shared, volume normalization continued in the third quarter, with additional declines in July and August and accelerating to its highest drop in September. While the decline in volume is significant in the third quarter of 2022 compared to the third quarter of 2021, our funeral same store contracts of 9,499 in the third quarter of 2022 reflect a 14.3% volume growth from the third quarter of 2019 and was relatively flat when compared to the third quarter of 2020.” More “A” players join Carriage Services The company is also excited to share that Robbie Pape joined Carriage on September 26, 2022, as our new Senior Vice President of Operations and Regional Partner for the Eastern Region. Robbie has over 30 years of industry experience, including positions in funeral/cemetery operations, finance, sales, systems, process improvement, and audit. She is a Certified Public Accountant with a Marketing and Information Systems degree from Baylor University in Waco, Texas. She serves as President-Elect for the International Cemetery, Cremation and Funeral Association (“ICCFA”) and is a Finance Committee member. Robbie is also active in the Cremation Association of North America and served as a board member until the fall of 2021. Robbie’s experience and vast knowledge, www.derma-pro.net sales@derma-pro.net Nadene Cover-Up Cosmetics Ltd. A name you know. . . . . . Products you trust 800-531-9744 Fax 903-641-0383
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