Navigation Links
Carriage Services Announces Third Quarter 2008 Results
Date:11/4/2008

PURCHASE PROGRAM

During June 2008 the Board of Directors approved the repurchase of up to an aggregate of $5 million of the Company's common stock. The repurchases were executed in the open market and through privately negotiated transactions. Through September 30, 2008, the Company repurchased 854,700 shares of common stock at an aggregate cost of $3,381,631 and an average cost per share of $3.93. During October 2008 Carriage completed its $5.0 million repurchase program by acquiring an additional 492,769 shares for a total of 1,347,469 shares of common stock and an average cost per share of $3.68.

OVERHEAD

Total overhead increased $0.3 million to $5.8 million as the Company experienced an increase in legal costs and termination costs in the quarter of $0.2 million each.

CASH FLOW

Carriage experienced negative free cash flow (defined as cash flow from continuing operations less maintenance capital expenditures) of $1.0 million during the third quarter of 2008 compared to negative free cash flow of $3.3 million during the same period in 2007. In addition to being seasonally the lowest quarter for deaths, the semiannual interest payments on the Senior debt of $5.1 million are payable in the third quarter. The elements of Cash Flow for the first nine months of 2008 consisted of the following (in millions):

Cash flow from continuing operations $12.1

Cash used for maintenance capital expenditures (4.6)

Free Cash Flow for first nine months of 2008 7.5

Cash and liquid investments at beginning of year 3.4

Cash flow from discontinued operations 0.2

Proceeds from sales of businesses 1.0

Cash used for growth capital expenditures - funeral homes (2.4)

Cash used for growth capital expenditures - cemeteries (2.6)

Financing activities, primarily share repurchases
'/>"/>

SOURCE Carriage Services, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12

Related medicine news :

1. Carriage Services Updates Company & Investment Profile
2. Carriage Services Announces First Quarter Earnings Release and Conference Call Schedule
3. Women Veterinarians Face Higher Miscarriage Risk
4. Leicester medical team announces predictor for pregnant women who may have miscarriages
5. Carriage Services Reports 2007 Full Year Results
6. Carriage Services Announces Fourth Quarter and Year-End Earnings Release and Conference Call Schedule
7. Once Again, Caffeine Linked to Miscarriage
8. New Kaiser Permanente study fortifies caffeines link to miscarriage
9. Kaiser Permanente study shows link between caffeine and miscarriage
10. Prior Miscarriage Raises Risk for Low-Birthweight Infant
11. Miscarriage of Justice: A Statement by Judie Brown of the American Life League
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/18/2014)... Simon Fraser University psychologists have made a brain-related ... of attention-deficit disorders. , This discovery opens up ... hinder or suppress a specific brain activity that ... distraction. , The Journal of Neuroscience ... by John McDonald, an associate professor of psychology ...
(Date:4/18/2014)... lead to potential new treatments for breaking the cycle ... Fibrosis, or scarring, is a hallmark of the disease, ... lead to serious organ damage and, in some cases, ... on findings made by Swati Bhattacharyya, PhD, research assistant ... specific protein plays in promoting fibrosis. , "Our ...
(Date:4/17/2014)... the first genetic variant specifically associated with the ... around 10-15 per cent of all breast cancer ... breast cancer sub-type, called invasive lobular carcinoma, gives ... this particular kind of breast cancer, which can ... today (Thursday) in the journal PloS Genetics ...
(Date:4/17/2014)... today in PLOS Pathogens , children who live ... can mount an immune response to infection with malaria ... of high fever and illness and partially control the ... may help researchers develop future interventions that prevent or ... Each year, approximately 200 million cases of malaria occur ...
(Date:4/17/2014)... recent papers by a University of Colorado School ... develop treatments or vaccines for Dengue fever, West ... disease-causing flaviviruses. , Jeffrey S. Kieft, PhD, associate ... School of Medicine and an early career scientist ... recently published articles in the scholarly journals ...
Breaking Medicine News(10 mins):Health News:Scientists discover brain's anti-distraction system 2Health News:New clues on tissue scarring in scleroderma 2Health News:First genetic link discovered to difficult-to-diagnose breast cancer sub-type 2Health News:First genetic link discovered to difficult-to-diagnose breast cancer sub-type 3Health News:Study sheds light on how the immune system protects children from malaria 2Health News:CU researchers discover target for treating dengue fever 2
... Keenan Jacobi, Ph.D., an environmental analyst for Lincoln Park ... pool of highly qualified candidates worldwide to receive the ... and the Cedar Tree Foundation. It is recognized as ... , The fellowship program is aimed at finding ...
... of a Computer, www.CardioCareLive.com takes place entirely online Tuesday March ... Eastern.,Patch Adams, MD, the real physician behind the movie starring Robin ... visit cardioCareLive.com. , ... Needham, MA (PRWEB) March 3, ...
... heel ulcers to zero, saves nearly $2 millionCARY, Ill., ... are sedated or immobilized are at a higher risk ... flexion contractures, conditions that can significantly reduce quality of ... the use of heel protectors resulted in 100 percent ...
... Kidney Care Community,in partnership with the Forum, Unveil Disease ... Care Partners (KCP) - an alliance of ... together to improve quality of care for individuals with ... expressed alarm regarding the racial disparity among those suffering ...
... drug-eluting stentNATICK, Mass., March 3 Boston Scientific ... the launch of its TAXUS(R) Liberte(R) Paclitaxel-Eluting Coronary ... approved on January 28 by the Ministry of ... yesterday by the National Health Insurance System.TAXUS Liberte ...
... and Sole Stroll June 14 Registration Underway, On-lineBALTIMORE, March ... Prince George,s Counties now have an angel on their ... that funds services to improve the quality of life ... The Red Devils network in the suburban D.C. area ...
Cached Medicine News:Health News:Lincoln Park Zoo researcher awarded prestigious conservation biology fellowship 2Health News:CardioCareLive, First-Ever Online Cardiometabolic Conference, Debuts Today 2Health News:Clinical Intervention Eliminates Heel Ulcer Incidents in ICU 2Health News:Kidney Care Partners Raises Alarm on Racial Disparities in Kidney Disease; Joins With National Minority Quality Forum to Educate Public, Congress During National Kidney Month 2Health News:Kidney Care Partners Raises Alarm on Racial Disparities in Kidney Disease; Joins With National Minority Quality Forum to Educate Public, Congress During National Kidney Month 3Health News:Boston Scientific Announces Japanese Launch of Taxus(R) Liberte(R) Drug-Eluting Stent System 2Health News:Boston Scientific Announces Japanese Launch of Taxus(R) Liberte(R) Drug-Eluting Stent System 3Health News:Red Devils Expand Into Suburban DC, Receive National Komen Grant 2
(Date:1/15/2014)... , Jan. 15, 2014  In an unprecedented effort to curb ... in ambulances and other transport vehicles, an advanced and portable UV ... personnel for the first time. In order to ... these deadly pathogens, West Palm Beach Fire ...
(Date:1/15/2014)... , Jan. 15, 2014 MultiCell Technologies, Inc. (OTC ... U.S. provisional patent application concerning composition of matter, biological ... targeted tumor cell death.  This patent ... double stranded RNA molecules (VSRNAs) which interfere with the ...
(Date:1/15/2014)... , Jan. 15, 2014 The Cadence Fitness & ... Center by the Medical Fitness Association, a non-profit organization ... their full potential. The Cadence Fitness & Health Center ... suburbs and second in the Chicagoland area. ...
Breaking Medicine Technology:Superbugs No Longer Ride In Rescue Vehicles 2MultiCell Technologies Files Patent Application Covering New Class of RNA Therapeutics 2MultiCell Technologies Files Patent Application Covering New Class of RNA Therapeutics 3Cadence Fitness & Health Center Certified as Medical Fitness Facility 2Cadence Fitness & Health Center Certified as Medical Fitness Facility 3
... Portex® Thermovent® T helps provide protection to the ... small and extremely lightweight making it ideal for ... a high rate of heat and moisture recovery, ... ,All HMEs and filters have ISO standard ...
... Portex® Thermovent® T helps provide protection to the ... small and extremely lightweight making it ideal for ... a high rate of heat and moisture recovery, ... ,All HMEs and filters have ISO standard ...
For use with: , pulmonary function testing , nebulizer compressors , humidifiers , concentrators , proximal pressure lines ...
For use with: , pulmonary function testing , nebulizer compressors , humidifiers , concentrators , proximal pressure lines ...
Medicine Products: