secwatch.observer — SEC 8-K summary
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Issuer:     CARRIAGE SERVICES INC (CSV)
CIK:        0001016281
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001016281-23-000129
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Carriage Services Q3 revenue up 3.4% to $90.5M; tightens FY guidance
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- Total revenue $90.5M (+3.4% YoY), net income $4.6M ($0.30 diluted EPS) vs $5.9M ($0.38) prior year.
- Cemetery operating revenue grew 15.5%; adjusted consolidated EBITDA increased 6.1% to $24.3M, margin 26.8% (+70 bps).
- Adjusted free cash flow rose 30% to $21.4M; repaid $16.7M on credit facility during the quarter.
- FY 2023 guidance tightened: revenue $375-$380M, adjusted EBITDA $105-$110M, adjusted EPS $1.90-$2.00; free cash flow reaffirmed $50-$60M.
- Interest expense ~$0.12/share increase offset operating gains; management cites inflation and death rate normalization as headwinds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1016281/000101628123000129/0001016281-23-000129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1016281/000101628123000129/csv-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001016281-23-000129

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