CARRIAGE SERVICES INC

For the period ended Sep 30, 2025. Filed Nov 6, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 6, 2025

CSV$28.63+6.8%Stored close · as of Nov 9, 2026

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Contents

12. Earnings Per Share

EARNINGS PER SHARE

The following table sets forth the computation of the basic and diluted earnings per share (in thousands, except per share data):

	Three months ended September 30,		Nine months ended September 30,
	2025	2024	2025	2024
Numerator for basic and diluted earnings per share:
Net income	$6,570	$9,866	$39,235	$23,098
Less: Earnings allocated to unvested restricted stock	(96)	(127)	(591)	(304)
Income attributable to common stockholders	$6,474	$9,739	$38,644	$22,794
Denominator:
Denominator for basic earnings per common share – weighted average shares outstanding	15,490	15,011	15,398	14,951
Effect of dilutive securities:
Stock options	242	64	203	33
Performance awards	—	416	—	416
Denominator for diluted earnings per common share – weighted average shares outstanding	15,732	15,491	15,601	15,400
Basic earnings per common share:	$0.42	$0.65	$2.51	$1.52
Diluted earnings per common share:	$0.41	$0.63	$2.47	$1.48

Stock options excluded from the computation of diluted earnings per share because the inclusion of such stock options would result in an antidilutive effect are as follows (in thousands):

	Three months ended September 30,		Nine months ended September 30,
	2025	2024	2025	2024
Antidilutive stock options	222	1,070	224	1,192

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