---
schema_version: "secwatch.filing_event.v1"
accession: "0001016281-23-000020"
form_type: "8-K"
ticker: "CSV"
cik: "0001016281"
company_name: "CARRIAGE SERVICES INC"
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T01:15:23.555072+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Carriage Services Q4 net income falls 38% to $8.2M; full-year EPS $2.63, guides 2023 EPS $2.25-2.40

## Summary
- Full year 2022 total revenue $370.2M (down 1.5% YoY); net income $41.4M (up 25% YoY); diluted EPS $2.63 (up 45% YoY).
- Q4 2022 total revenue $93.9M (down 2.1% YoY); net income $8.2M (down 38% YoY); diluted EPS $0.53 (down 31% YoY).
- 2023 guidance: total revenue $375-385M, adjusted EBITDA $110-115M, adjusted diluted EPS $2.25-2.40.
- Expects to close acquisition of Greenlawn Funeral Homes and Cemeteries in Bakersfield, CA within weeks.
- Capital allocation priority for 2023: pay down debt, target leverage 4.0-4.3x by end of 2024.

## SEC filing metadata
- accession: 0001016281-23-000020
- form_type: 8-K
- ticker: CSV
- cik: 0001016281
- company_name: CARRIAGE SERVICES INC
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1016281/000101628123000020/0001016281-23-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1016281/000101628123000020/csv-20230222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001016281-23-000020
- JSON: https://secwatch.observer/filing/0001016281-23-000020.json
- Plain text: https://secwatch.observer/filing/0001016281-23-000020.txt

## Key facts
- Earnings Releases
  CARRIAGE SERVICES INC reported FY 2022 results: revenue $370,174, net income $41,381, EPS $2.63.
  - Period: FY 2022
  - Revenue: $370,174
  - Net income: $41,381
  - EPS: $2.63
  - Result: reported results
  source text: GAAP Metrics: Total revenue (1) $ 95,931 $ 93,916 $ 375,886 $ 370,174 Net income $ 13,347 $ 8,220 $ 33,159 $ 41,381 Net income margin 13.9% 8.8% 8.8% 11.2% Diluted EPS $ 0.77 $ 0.53 $ 1.81 $ 2.63
  evidence_url: https://www.sec.gov/Archives/edgar/data/1016281/000101628123000020/0001016281-23-000020-index.htm
- Earnings Releases
  CARRIAGE SERVICES INC reported Q4 2022 results: revenue $93,916, net income $8,220, EPS $0.53.
  - Period: Q4 2022
  - Revenue: $93,916
  - Net income: $8,220
  - EPS: $0.53
  - Result: reported results
  source text: GAAP Metrics: Total revenue (1) $ 95,931 $ 93,916 $ 375,886 $ 370,174 Net income $ 13,347 $ 8,220 $ 33,159 $ 41,381 Net income margin 13.9% 8.8% 8.8% 11.2% Diluted EPS $ 0.77 $ 0.53 $ 1.81 $ 2.63
  evidence_url: https://www.sec.gov/Archives/edgar/data/1016281/000101628123000020/0001016281-23-000020-index.htm
- Earnings Releases
  CARRIAGE SERVICES INC reported FY 2023 results: revenue $375-$385 million, EPS $2.25-$2.40. Guidance initiated.
  - Period: FY 2023
  - Revenue: $375-$385 million
  - EPS: $2.25-$2.40
  - Guidance: initiated
  - Result: guidance update
  source text: For 2023, we are forecasting total revenue in the range of $375-$385 million, adjusted consolidated EBITDA in the range of $110-$115 million, and adjusted diluted earnings per share in the range of $2.25-$2.40.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1016281/000101628123000020/0001016281-23-000020-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.