Carriage Services Q1 revenue down 3%, EPS down to $0.57; acquires Greenlawn; appoints new CFO

CARRIAGE SERVICES INC

Revenue $95.5M, down from $98.2M YoY; net income $8.8M ($0.57 EPS) vs $16.4M ($1.00 EPS) last year.
Adjusted EBITDA $27.8M vs $32.5M; margin 29.1% vs 33.1%. Adjusted diluted EPS $0.56 vs $0.92.
Acquired Greenlawn Funeral Homes and Cemeteries (~$18M 2022 revenue), adding 3 funeral homes, 2 cemeteries in Bakersfield, CA.
Appointed Kian Granmayeh as EVP, CFO and Treasurer.
Reaffirmed FY2023 outlook: revenue $375-$385M, adjusted EBITDA $110-$115M, adjusted EPS $2.25-$2.40.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CARRIAGE SERVICES INC updated its first quarter ended March 31, 2023 guidance (reaffirmed).

Period: first quarter ended March 31, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Carriage Services, Inc. (NYSE: CSV) today announced its financial results for the first quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0001016281-23-000067

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