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FUNERAL HOME & CEMETERY Memoires des choix des - Nomis ...

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DECEMBER 2009 <strong>FUNERAL</strong> <strong>HOME</strong> & <strong>CEMETERY</strong> NEWS Section A<br />

Carriage Services<br />

announces Third Quarter<br />

2009 Results<br />

HOUSTON,TX— Carriage<br />

Services, Inc. (NYSE:<br />

CSV) announced results<br />

for the third quarter ended<br />

September 30, 2009.<br />

Melvin C. Payne, Chairman<br />

and Chief Executive<br />

Officer, stated, “Given a<br />

weak revenue environment,<br />

third quarter results were<br />

satisfactory primarily because<br />

we achieved EPS of<br />

$0.05 versus $0.03 on a<br />

comparable basis and $0.01<br />

on a GAAP basis last year.<br />

Despite the lower funeral<br />

volumes and challenging<br />

economic conditions, our<br />

expense management across<br />

all areas of our business has<br />

continued to be excellent.<br />

Th e cost control theme was<br />

evident in the third quarter<br />

of 2009 as we reduced fi eld<br />

level expenses by $1.4 million,<br />

more than off setting<br />

the $1.0 million reduction<br />

in revenue and resulting<br />

in an increase of 160<br />

basis points in Total Field<br />

EBITDA Margin to 32.2%<br />

in the quarter compared to<br />

30.6% last year. As we enter<br />

the more seasonably high<br />

revenue period, we are well<br />

We test ours in the lab<br />

so you don’t have to test<br />

it in the real world.<br />

1-800-992-1925 | CustomAirTrays.com<br />

© Custom Air Trays<br />

positioned to fi nish strong<br />

in the fourth quarter and<br />

to get off to a good start in<br />

2010,” concluded Payne.<br />

Total revenue for the<br />

third quarter of 2009 was<br />

$42.2 million compared<br />

to $43.2 million in last<br />

year’s third quarter. Carriage<br />

earned $0.05 for the<br />

third quarter compared to<br />

$0.01 per diluted share on<br />

a GAAP basis in the same<br />

period last year. Consolidated<br />

EBITDA in the third<br />

quarter increased 4.3% to<br />

$8.7 million versus adjusted<br />

consolidated EBITDA<br />

of $8.4 million in last year’s<br />

third quarter. Consolidated<br />

EBITDA Margin increased<br />

in the third quarter of this<br />

year by 130 basis points to<br />

20.7% compared to adjusted<br />

Consolidated EBITDA<br />

Margin of 19.4% in the<br />

third quarter last year. Adjusted<br />

2008 Consolidated<br />

EBITDA exclu<strong>des</strong> litigation<br />

costs, termination<br />

charges, and other costs<br />

that were nonrecurring.<br />

Th e full results are available<br />

online at www.carriageservices.com<br />

Sha<strong>des</strong> of Green:<br />

We should be concerned<br />

with our environment!<br />

Continued fr om Page A28<br />

loved one embalmed, placed in a metal casket and a<br />

concrete vault. They are not.<br />

Cemeteries are not restricted to using only chemical<br />

fertilizers, pestici<strong>des</strong>, and herbici<strong>des</strong>. There are many<br />

organic or natural, fertilizers, pestici<strong>des</strong>, and herbici<strong>des</strong>,<br />

available. The point is you can have a Green<br />

Cemetery and still have the lush rolling lawns and a<br />

park like setting.<br />

Richard A. Santore is the President and founder of Practicum<br />

Strategies. Practicum Strategies is an approved provider of Continuing<br />

Education in every State that accepts Online and home-study continuing<br />

education courses for funeral professionals. Richard can be reach by<br />

email at Richard@pshomestudy.com or 800-731-4714. Visit Practicum<br />

Strategies website at www.pshomestudy.com.<br />

Distinguished Woman of the Year:<br />

Karen Jones Smith, CFSP<br />

of Royal Funeral Home, Huntsville, AL<br />

Th e 100BWFS Board of Directors selected Karen as<br />

our 2009 Woman of the Year because she exemplifi es<br />

the poise, grace and essence of womanhood— truly a<br />

“phenomenal woman.” She is a <strong>des</strong>igning woman and<br />

a driving force for women<br />

entering the mortuary science<br />

profession.<br />

Karen’s parents, James<br />

A. and Barbara Hundley<br />

Jones, second generation<br />

purchasers of their family<br />

business, have been dedicated<br />

to quality service with a<br />

personal touch and to serving<br />

the Huntsville community.<br />

Th eir values have been<br />

passed on to Karen. The<br />

family has owned and op-<br />

Lawrence B. Hundley<br />

erated Royal Funeral Home<br />

for 63 of its 91 years, and<br />

they are very proud of their place in Huntsville history.<br />

Karen will continue to carry this torch with great pride.<br />

In 2008, Karen and Royal Funeral Home celebrated a<br />

variety of special events to honor its 90 year legacy and<br />

commitment to the community.<br />

Th e grand event<br />

was a Royal Masquerade<br />

Ball to benefi t the Chessie<br />

Harris Foundation, Harris<br />

Home for Children and<br />

the National Children’s<br />

Advocacy Center. Th e celebration<br />

culminated with<br />

a gospel concert at the<br />

Progressive Union Missionary<br />

Baptist church.<br />

It is not surprising that<br />

this phenomenal woman<br />

is thinking of others and<br />

giving back. Th at is what<br />

makes her so special to all<br />

Continued fr om Page A26<br />

Royal Funeral Home Founder<br />

C.K. Binford<br />

who come in contact with her. Her heart is big and her<br />

arms are always open to welcome those in need.<br />

Karen Jones Smith, the 2009 Woman of the Year is<br />

a true visionary and a mover and shaker, and already<br />

building a legacy for the next 90 years. Married to her<br />

soul mate and love of her life, David Smith, Sr., they<br />

are the proud parents of one tremendously handsome<br />

son, David Smith, Jr. Together this family is making a<br />

diff erence.<br />

We applaud Karen Jones Smith for all she has done and<br />

all she is doing in the name of service to mankind through<br />

her funeral service ministry. We are already looking at<br />

what she will be doing in the future as she works so diligently<br />

to keep her legacy alive. Remember that name,<br />

Karen Jones Smith, visionary, leader and major player in<br />

the funeral service industry. She’s a fi rst class sister!<br />

I Got Mine At<br />

60<br />

E-mail: sales@afco-usa.com<br />

Page A29<br />

www.easterncasket.com<br />

SEND US YOUR NEWS<br />

PO Box 5159, Youngstown, OH 44514<br />

Fax (800)321-9040<br />

press_releases@nomispublications.com<br />

YOUR WORST-CASE SCENARIO...WOULD HAVE NEVER<br />

HAPPENED WITH OUR LEAK-RESISTANT COMBINATION TRAY.

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