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Carriage Services Announces the Acquisition of Faith Chapel Funeral Homes & Crematory in Pensacola, Florida

1. Carriage Services acquired Faith Chapel Funeral Homes' assets in Pensacola. 2. Faith Chapel has served Pensacola for 60 years, ensuring community trust. 3. Carriage aims to extend its presence in Florida's funeral service market. 4. CEO emphasizes commitment to growth and value creation strategy. 5. Carriage operates 164 funeral homes and 28 cemeteries across the U.S.

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Why Bullish?

This acquisition enhances Carriage's market presence, potentially boosting future revenues, similar to past acquisitions that increased market share.

How important is it?

The acquisition is a significant corporate event that aligns with Carriage's growth strategy and offers potential revenue improvements.

Why Long Term?

The strategic expansion aligns with Carriage's vision for growth, influencing its market position for years, akin to historical expansions that provided sustainable profit increases.

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CARRSCIFDML
HOUSTON, Sept. 17, 2025 (GLOBE NEWSWIRE) -- Carriage Services, Inc. ("Carriage" or "Carriage Services") is pleased to announce that it has acquired substantially all the assets of Faith Chapel Funeral Homes & Crematory (collectively, "Faith Chapel"), consisting of two funeral homes and a crematory, located in the Pensacola, Florida market. Mike Atwood, CEO and President of Faith Chapel, stated, “Faith Chapel has served the Pensacola community for sixty years, and our family has been deeply committed to supporting both our community and our team. As we prepare for the next phase of Faith Chapel’s growth, we have chosen Carriage to continue our legacy due to their strong reputation and dedication to service. As we have gotten to know the Carriage team better throughout this process, it has only reassured us that Faith Chapel is in good hands and will continue to serve our community at the highest level.” Steve Metzger, President of Carriage Services, stated, "As Carriage enters Pensacola, we do so with the premier funeral home in the market, currently serving approximately 700 families a year. We are excited to continue our focus on partnering with high quality businesses in growing markets, by expanding our significant presence throughout Florida.” Carlos Quezada, Vice Chairman and CEO of Carriage Services, stated, “We are energized to continue our acquisition journey, turning strategy into long-term value creation, accelerating purposeful growth, and moving closer to realizing our 2030 Vision.” About Carriage ServicesCarriage Services is a leading provider of funeral and cemetery services and merchandise in the United States. Carriage operates 164 funeral homes in 24 states and 28 cemeteries in 9 states. Carriage is dedicated to delivering premier experiences through innovation, partnership, and elevated service. For more information, please contact us at investorrelations@carriageservices.com. Cautionary Statement Certain statements made herein or elsewhere by, or on behalf of, Carriage (the "Company") that are not historical facts are intended to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on assumptions that the Company believes are reasonable; however, many important factors, as discussed under "Forward-Looking Statements and Cautionary Statements" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and in the Company’s Quarterly Reports on Form 10-Q, could cause the Company's results in the future to differ materially from the 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 Annual Report on Form 10-K, the Company's Quarterly Reports on Form 10-Q, and other information about the Company and news releases, are available at https://www.carriageservices.com.

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