secwatch.observer — SEC 8-K summary
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Issuer:     CARRIAGE SERVICES INC (CSV)
CIK:        0001016281
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001016281-24-000086
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Carriage Services Q1 revenue up 8.4% to $103.5M; adjusted EPS up to $0.75 from $0.56
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- Total revenue $103.5M (+8.4% YoY); cemetery preneed sales jumped 38.4%.
- GAAP diluted EPS $0.45 vs $0.57 prior year; Adjusted diluted EPS $0.75 vs $0.56.
- Adjusted consolidated EBITDA $33.6M (+20.9% YoY); margin expanded 340 bps to 32.5%.
- Paid down $25M debt on credit facility; reaffirmed full-year 2024 outlook.
- Amended employment agreements for 3 executives: terms extended to Dec 2026, non-compete reduced to 1 year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1016281/000101628124000086/0001016281-24-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1016281/000101628124000086/csv-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001016281-24-000086

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