Tranche Update on Carriage Services, Inc.'s Equity Buyback Plan announced on February 25, 2016.
January 16, 2019 at 05:15 pm
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From October 1, 2018 to December 31, 2018, the company has repurchased 1,101,969 shares, representing 5.75% for $17.66 million. With this, the company has completed the repurchase of 1,676,023 shares, representing 9.18% for $31.59 million under the buyback announced on February 25, 2016.
Carriage Services, Inc. is a provider of funeral and cemetery services and merchandise in the United States. Its Funeral home and cemetery businesses provide products and services to families in three areas: ceremony and tribute, generally in the form of a funeral or memorial service; disposition of remains, either through burial or cremation, and memorialization, generally through monuments, markers or inscriptions. Its funeral homes offer a complete range of services to meet a family's funeral needs, consultation, the removal and preparation of remains, the sale of caskets and related funeral merchandise, the use of funeral home facilities for visitation and memorial services and transportation services. Its Cemeteries provides interment rights (primarily grave sites, lawn crypts, mausoleum spaces and niches), related cemetery merchandise (such as memorial markers, outer burial containers and monuments) and services (interments, inurnments and installation of cemetery merchandise).