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Carriage Services Announces Third Quarter 2009 Results

he forward-looking statements made herein and in any other documents or oral presentations made by, or on behalf of, the Company. The Company assumes no obligation to update or publicly release any revisions to forward-looking statements made herein or any other forward-looking statements made by, or on behalf of, the Company. A copy of the Company's Form 10-K, and other Carriage Services information and news releases, are available at

    Contacts:  Terry Sanford, SVP & CFO
               Carriage Services, Inc.
               Ken Dennard /
               Kip Rupp /
               DRG&E / 713-529-6600

                             - Tables to Follow -

                             CARRIAGE SERVICES, INC.
                             Selected Financial Data
                                September 30, 2009

    Selected Balance Sheet Data (in 000's):      12/31/2008     9/30/2009
                                                 ----------- -------------
    Cash and short-term investments                 $5,007        $3,256
    Total Senior Debt (a)                         $137,732      $137,095
    Common shares outstanding                       17,835        17,340

    Ratios and other data
    Days sales in funeral accounts receivable         21.3          20.3
    Senior Debt to total capitalization               41.1          40.6
    Senior Debt to adjusted EBITDA from
     continuing operations
     (rolling twelve months)                           3.6           3.4

    a) - Senior debt does not include the convertible junior subordinated


SOURCE Carriage Services, Inc.
Copyright©2009 PR Newswire.
All rights reserved

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