secwatch.observer — SEC 8-K summary
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Issuer:     CARRIAGE SERVICES INC (CSV)
CIK:        0001016281
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001016281-23-000067
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1016281/000101628123000067/0001016281-23-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1016281/000101628123000067/csv-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001016281-23-000067

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