Carriage Services, Inc.: Update to credit analysis
Our credit view of this issuer reflects its status as a large provider in a fragmented industry, constrained by its high financial leverage and competitive pressures.Carriage Services is a provider of funeral and cemetery services and merchandise. The company operates in two business segments: funeral home operations, which provide a range of services, including consultation, the removal and preparation of remains, the sale of caskets and related funeral merchandise, the use of funeral home facilities for visitation and services and transportation services; and cemetery operations, which include a range of products and services including interment services, the rights to interment in cemetery sites (primarily grave sites, mausoleum crypts and niches) and related cemetery merchandise, such as memorials and vaults.
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