secwatch.observer — SEC 8-K summary
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Issuer:     CARRIAGE SERVICES INC (CSV)
CIK:        0001016281
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001016281-22-000088
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Carriage Services Q2 revenue record $90.6M (+2.6%); GAAP EPS $0.69; pivots to acquisitions, drops guidance
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- Q2 revenue $90.6M (record, +2.6% YoY); GAAP net income $10.9M (+276.7%); GAAP diluted EPS $0.69 vs $0.32.
- Adjusted consolidated EBITDA $25.3M (-11.8% YoY); Field EBITDA $38.6M (-3.4%); Field EBITDA margin 42.6% (-270 bps).
- First-half revenue $188.8M (+2.1%); Adjusted diluted EPS $1.51 (+4.1%); GAAP diluted EPS $1.70 (+359.5%).
- Capital allocation pivots to two large-market acquisitions, cemetery development, deleveraging; $176.7M spent on buybacks since May 2021.
- No longer updating three-year performance scenario or intrinsic value range due to economic uncertainties.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1016281/000101628122000088/0001016281-22-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1016281/000101628122000088/csv-20220728.htm
  HTML page:      https://secwatch.observer/filing/0001016281-22-000088

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer