secwatch.observer — SEC 8-K summary
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Issuer:     CARRIAGE SERVICES INC (CSV)
CIK:        0001016281
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001016281-23-000020
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1016281/000101628123000020/0001016281-23-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1016281/000101628123000020/csv-20230222.htm
  HTML page:      https://secwatch.observer/filing/0001016281-23-000020

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